Analyst news

• Fisker seeks deal with another carmaker to remain afloat, ‘going concern’ warning on the horizon

  29-02-2024 23:57 via rocketnews.com
  Fisker Inc. shares fell more than 30% in extended trading Thursday after the EV maker said it was brokering a deal with an unnamed “large” carmaker as it seeks to remain in business, adding that there would be “substantial doubt” about its ability to do just so without a capital injection. The deal could include an investment in Fisker FSR, -0.65%,a joint development of one or more electric-vehicle platforms and North American manufacturing, Fisker said. Fisker has been d
  
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• Caitlin Clark is turning pro. Why she could make more money staying in college than the WNBA.

  29-02-2024 23:48 via rocketnews.com
  Iowa’s Caitlin Clark, one of the biggest stars in college basketball, announced she will enter the WNBA Draft at the end of the season. “While this season is far from over and we have a lot more goals to achieve, it will be my last one at Iowa. I am excited to be entering the 2024 WNBA Draft,” Clark wrote to her social-media followers on Thursday. Clark is just 17 points away from the all-time scoring record in Division I history — men’s or women’s — cur
  
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• AMD is worth $300 billion for the first time. These stats show its dramatic rise.

  29-02-2024 23:47 via rocketnews.com
  Five years ago, Advanced Micro Devices Inc. ranked as the 222nd largest company in the S&P 500. Now, it stands at No. 22. The company finished Thursday with a market value above $300 billion for the first time, marking the latest milestone in an impressive run for the chip maker. AMD’s stock AMD, +9.06%rose 9% in Thursday afternoon trading, translating to a market value of $311 billion. See also: AMD CEO Lisa Su just sold $20 million in stock. Was it ‘opportunistic’? Like m
  
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• Dell’s big quarter, fueled by surge in AI-server demand, sends stock soaring 15%

  29-02-2024 23:40 via rocketnews.com
  Dell Technologies Inc. has seen the future of computing, and it increasingly is AI instead of PC. Dell’s stock DELL, +1.51%jumped 15% in extended trading Thursday after the company put up quarterly results that eclipsed Wall Street’s expectations. It also announced a 20% increase in its annual cash dividend, to $1.78 per shareThe personal-computer company, fueled by a surge in demand for AI servers, reported fiscal fourth-quarter net income of $1.16 billion, or $1.59 a share, compare
  
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• The S&P 500 is overbought, but that doesn’t mean it’s time to sell

  29-02-2024 23:34 via rocketnews.com
  The U.S. stock market, as measured by the S&P 500 index SPX,registered new all-time highs last week but has pulled back slowly this week so far. As of last Friday, the index had made a new all-time high on 13 of the previous 25 trading days. That’s impressive.The S&P 500 probably deserves a rest, and a pullback to 4,983 would fill the gap on its chart (circled on the accompanying SPX chart). That would be healthy. Below there, short-term support exists at 4,950; 4,920; and 4,850 &m
  
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• U.S. stocks are off to their best start to a year since 2019 — and the rally is not just about the ‘Magnificent Seven’

  29-02-2024 23:30 via rocketnews.com
  U.S. stocks on Thursday — Leap Day — capped a strong opening two months of 2024.  While the so-called Magnificent Seven tech stocks continued to lead much of the stock-market rally that propelled the S&P 500 SPX,the Dow Jones Industrial Average DJIAand the Nasdaq Composite COMPto record highs this month, some of the beaten-down corners of the market also found the spotlight. Investors want to know if the positive momentum is finally spilling out beyond the megacap technology
  
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• Vanguard CEO Tim Buckley to retire at year’s end

  29-02-2024 23:18 via rocketnews.com
  Investment behemoth Vanguard said late Thursday that Chief Executive Tim Buckley will retire at the end of the year, and that its board has started a “comprehensive” selection process to evaluate both internal and external candidates.Buckley was named CEO in 2018 and has been at Vanguard for 33 years, having joined as a research assistant to Vanguard’s founder John Bogle. “I have been passionate about developing the next generation of leaders, and I look forward
  
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• Gas prices are rising again. Here’s why you shouldn’t worry, one analyst says.

  29-02-2024 23:08 via rocketnews.com
  Gasoline prices have gone up across the country over the past week, and drivers planning to head out of town for spring break sometime during the next two months will likely see prices that are higher still.   The national average price for a gallon of gas climbed to $3.338 on Thursday, its highest level of the year. It was 5.4 cents higher than a week ago and was up over 20 cents in February compared with the previous month, according to data compiled by GasBuddy.Prices as of Thursday afte
  
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• New York Community Bank’s stock slides after leadership changes, ‘material weakness’ notice

  29-02-2024 22:59 via rocketnews.com
  Shares of New York Community Bancorp Inc. fell sharply on Thursday after the bank announced immediate leadership changes and disclosed a “material weakness” in its accounting protocols, as well as a late-filing notice.The bank NYCB, +5.51%said it had appointed Alessandro DiNello as its new chief executive, a decision that took effect immediately after Thomas Cangemi stepped down from the role. Marshall Lux has been named presiding director of the board, effective immediately, after H
  
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• ‘Our American dream turned into a nightmare’: I sold my home, but rising interest rates and prices locked me out of the market. What can I do? 

  29-02-2024 20:58 via rocketnews.com
  Dear Quentin,I wanted to share my experience with the current housing market and ask for advice on my next moves in a seemingly impossible situation. Let’s take a trip back to 2017. I was married at the time with three young children, and my then-wife and I were renters. We both worked the best jobs we could for our education and experience, which was not much at the time. She brought home $2 per hour, plus tips, waiting tables at a nearby restaurant, while I worked at a marine store
  
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• Birkenstock shares slide 8% after sandal maker posts loss in its second report as public company

  29-02-2024 20:47 via rocketnews.com
  Birkenstock Holdings Plc’s stock tumbled 8% Thursday, after the German sandal and clog maker posted another quarterly loss in its second earnings report as a public company. Birkenstock BIRK, -6.64%had a net loss of 7 million euros ($7.6 million), or 4 cents a share, for the quarter through Dec. 31 — narrower than its loss of 9 million euros, or 5 cents a share, in the year-earlier period.Adjusted per-share earnings came to 9 cents, matching the FactSet analyst consensus. Revenue ros
  
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• Heads up, millionaires: If you didn’t file taxes, the IRS will be contacting you

  29-02-2024 20:40 via rocketnews.com
  As millions of people in the U.S. file their annual income-tax returns, the Internal Revenue Service is telling millionaires who haven’t filed in years that they had better get to it. The IRS says it’s starting to send out more than 125,000 notices about unfiled tax returns to high-income households. According to its conservative estimates, those unpaid taxes could amount to hundreds of millions of dollars.Thursday’s announcement is another IRS bid to improve compliance among h
  
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• ‘I’m so frustrated’: Student-loan servicer is blocking borrowers seeking answers, debt relief, report claims

  29-02-2024 20:34 via rocketnews.com
  Since January of 2023, Jason Evey has been calling into his wife’s student-loan servicer, MOHELA, to get the organization to process her debt forgiveness.  His wife, Abigail Linn, has been teaching since 2007 and at her current public school since 2009. During all of her teaching years, Linn has been making payments on her student loans. That would make Linn, who is currently teaching kindergarten, seem like an obvious candidate for Public Service Loan Forgiveness, a program that allo
  
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• Meet Sirius XM’s new odd couple: Warren Buffett and John Mayer

  29-02-2024 20:33 via rocketnews.com
  Warren Buffett, the famed investor, and John Mayer, the popular songwriter and guitarist, would seem not to have much in common. But one thing they both share is a big bet on Sirius XM Holdings Inc. SIRI, -1.47%,the satellite-radio company.  Buffett’s interest comes via Berkshire Hathaway Inc.’s BRK.A, -0.73% BRK.B, -0.70%position in Liberty Media Corp.’s Series A LSXMA, -1.09%and Series C LSXMK, -1.27%tracking stocks for Sirius XM, which represent the value of a port
  
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• Odysseus lander ‘still kicking’ on the moon, says Intuitive Machines

  29-02-2024 20:25 via rocketnews.com
  Space exploration company Intuitive Machines Inc. says that its Odysseus spacecraft, the first commercial lander to successfully land on the moon, is still operating almost a week after its historic landing.  “Still kicking, Odysseus continues to operate on the lunar surface,” the company wrote on X, formerly known as Twitter, Thursday morning. “At approximately 1100 CST flight controllers intend to downlink additional data and command Odie into a configuration that he may
  
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• House votes to avert government shutdown

  29-02-2024 20:22 via rocketnews.com
  House lawmakers on Thursday approved a measure to avert a government shutdown, delaying key deadlines and buying themselves more time to finish a bigger funding agreement. Facing an end-of-the-week deadline, the House of Representatives passed a bill to temporarily fund one set of federal agencies through March 8 and another set through March 22.In the meantime, Congress would aim to pass packages of legislation to fund the government for the remainder of the budget year.The measure go
  
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• Nvidia’s next mission: Make even more financial history

  29-02-2024 20:20 via rocketnews.com
  Nvidia Corp. has just given the world the details of its historic financial year. Its reward: Expectations that the chip maker will accomplish something that has never been done before. When Nvidia NVDA, +2.20%wrapped up its fiscal year with an earnings report last week, the astounding numbers sent the stock to records and boosted indexes to their own all-time highs. The market capitalization of the company is hovering around $2 trillion and its stock has increased by nearly 1,900% in the last f
  
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• How the power of ‘no’ can get you exactly what you want

  29-02-2024 20:16 via rocketnews.com
  “You can spend all your time chasing the monkey — that next bright, shiny thing — or you can be hyper-focused on the one or two things that are important to you. ”In the business world, the word “no” holds significant power and serves as a crucial aspect of leadership and entrepreneurship. While it may be difficult to utter this simple two-letter word, mastering the practice of doing so takes practice and perseverance. Start with small steps if necessary, and
  
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• The stock market ‘doesn’t look very bubbly’ to billionaire investor Ray Dalio

  29-02-2024 19:53 via rocketnews.com
  “‘When I look at the U.S. stock market using these criteria, it — and even some of the parts that have rallied the most and gotten media attention — doesn’t look very bubbly.’” — Ray Dalio, founder, Bridgewater Associat …
  Article Attribution | Read More at Article Source
  [mwai_chat context=”Let’s have a discussion about this article:nn “‘When I look at the U.S. stock market using these criteria, it — and even so
  
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• Mortgage rates hit two-month high ahead of spring home-buying season

  29-02-2024 18:01 via rocketnews.com
  U.S. mortgage rates rose for the fourth week in a row to a two-month high, in a major blow to housing affordability. The 30-year fixed-rate mortgage rose and averaged 6.94% as of February 29, according to data released by Freddie Mac FMCC, +0.23%on Thursday.  It’s up 4 basis points from the previous week — one basis point is equal to one hundredth of a percentage point. A year ago, the 30-year was averaging at 6.65%. The average rate on the 15-year mortgage was 6.26%, down
  
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• Jobless claims tick up in latest week

  29-02-2024 14:42 via rocketnews.com
  The numbers: Initial jobless benefit claims roseby 13,000 to 215,000 in the week ended Feb. 24, the U.S. Labor Department said Thursday.   Economists polled by The Wall Street Journal had estimated new claims would rise to 210,000. Key details:  The number of Americans already collecting jobless benefits in the week ended Feb. 17 rose by 45,000 to 1.91million.Big picture: Claims have been bouncing around low levels. Economists detect some softening in the labor market and don&rsqu
  
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• World stock market holidays: March 2024

  29-02-2024 14:26 via litefinance.org
  
  Dear clients,Please get acquainted with upcoming changes in LiteFinance’s trading schedule this month.South Korea Independence Day — 01.03.2024Instrument Closing (GMT+2) Opening (GMT+2) USDKRW 23:00 29/02/2024 03:05 04/03/2024
  Easter and Good Friday global public holidays — 29.03.2024Instrument Closing (GMT+3) Opening (GMT+3) USDKRW 23:00 28/03/2024 03:05 01/04/2024 XAUUSD 22:59 28/03/2024 01:00 01/04/2024 XAGUSD 22:59 28/03/2024 01:00 01/04/2024 XPDUSD 17:00 28/03/20
  
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• Bank of England to have majority women voters as OECD chief economist named deputy governor

  29-02-2024 11:54 via rocketnews.com
  The Bank of England will have a majority of women on its board as the U.K. Treasury said it’s named OECD chief economist Clare Lombardelli to be the next deputy governor of the Bank of England. Lombardelli will replace Ben Broadbent, who’s served two five-year terms at the central bank, and will take up her five-year role starting in July.Other central banks have been led by women, including current European Central Bank President Christine Lagarde, and former U.S. Federal Reserve Ch
  
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• Pound is chasing leader. Forecast as of 29.02.2024

  29-02-2024 11:26 via litefinance.org
  
  Due to the slowness of the Bank of England in reducing the interest rate, the active QT implementation and the high attractiveness of UK assets, the GBPUSD bulls took the initiative into their own hands. Let us discuss the Forex outlook and make up a trading plan.Weekly Pound fundamental forecastThe strength of a currency depends not only on a strong economy but also on the attractiveness of the assets denominated in it. Just as the US dollar is supported by high demand for securities of Am
  
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• The Bud Light troubles at Anheuser Busch InBev continue as it redefines target for Argentina hyperinflation

  29-02-2024 11:17 via rocketnews.com
  The boycott of Bud Light by U.S. consumers continues, its parent company Anheuser-Busch InBev reported Thursday. Revenue fell 17.3% in the U.S. during the fourth quarter, including a 12.1% decline in sales to retailers, primarily due to the volume decline at Bud Light, the company said.Sales in the U.S. have tumbled since transgender star Dylan Mulvaney made a social-media post about a personalized can of Bud Light, triggering anger as well as confusion from its customers. Former President Donal
  
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• Science and sky lovers are gearing up for the 2024 solar eclipse

  29-02-2024 11:02 via rocketnews.com
  This article is reprinted by permission from NextAvenue.org. People in the path of the April 8, 2024, solar eclipse will be praying for a cloudless day. My husband and I’ll step out on our deck as we did seven years ago for a partial view of the 2017 eclipse. But this one is different, as we’ll be front and center for the big show, as will our southern Indiana neighbors Barbara Stahura and Ken Willingham. Our area is at 100% totality.“Watching the 2017 eclipse was an amazi
  
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• The Nissan Ariya: After owning the electric SUV for a while, here’s what we like and don’t like

  29-02-2024 11:00 via rocketnews.com
  The Nissan Ariya is the brand’s latest electric car and offers an entirely different EV driving experience than its smaller and more economical sibling, the Leaf.While the compact 2024 Nissan Leaf offers consumers a lower price ($29,280 including the $1,140 destination fee) and get-around-town zippiness, the Ariya ($43,190 plus $1,365 destination fee) provides a comfortable refuge for those longer sojourns given its roomier SUV architecture. Our time behind the wheel has given us a more in
  
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• Man Group says its trend-tracking funds suffered last year due to SVB’s unexpected collapse

  29-02-2024 10:54 via rocketnews.com
  Man Group, the world’s largest publicly traded hedge fund operator, on Thursday said its main trend-following fund saw its returns suffer in 2023 after being thrown off course by the unexpected collapse of Silicon Valley Bank in March 2023.  The London money manager said its leading AHL Alpha systematic trading fund achieved returns of just 1% last year, after the investment fund’s trend-tracking strategy was caught out by a “year that defied market expectations.”Man
  
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• SEC reportedly probing OpenAI’s Sam Altman

  29-02-2024 10:38 via rocketnews.com
  The Securities and Exchange Commission is reportedly investigating whether Sam Altman misled OpenAI’s small coterie of wealthy investors. Altman was dismissed, and then brought back, as head of the company that produces ChatGPT last year. The Wall Street Journal reported that the regulator has been seeking internal records from current and former OpenAI officials and directors. There’s also a separate criminal investigation into OpenAI, the newspaper has previously reported, and that
  
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• Treasury yields rise ahead of crucial inflation data

  29-02-2024 10:29 via rocketnews.com
  U.S. bond yields rose early Thursday as traders waited for the January personal consumption expenditure data data expected to show inflation picked up last month.What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Yadded 3.2 basis points to 4.672%. Yields move in the opposite direction to prices. The yield on the 10-year Treasury BX:TMUBMUSD10Yrose 2.4 basis points to 4.290%. The yield on the 30-year Treasury BX:TMUBMUSD30Yclimbed by 2.5 basis points to 4.431%. What’s driv
  
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• Universal Music CEO on TikTok dispute: ‘My phone is open, unfortunately, 24 hours a day.’

  29-02-2024 10:14 via rocketnews.com
  ““With regard to all of these platforms and I suppose specifically around TikTok, we like to be friendly. We’re friendly people, more than happy, my phone is open, unfortunately, 24 hours a day. And we hope that we will be able to find solutions.”” — Universal Music Chairman and CEO Lucian GrangeGrange was speaking on a call with analysts after the company’s fourth-quarter results, and discussing what the Wall Street Journal called the nuclear option, of
  
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• Short-term analysis for oil, gold, and EURUSD for 29.02.2024

  29-02-2024 08:49 via litefinance.org
  
  I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.Yesterday, EURUSD updated its February 22 low.Oil price forecast for today: USCrude analysisThe oil price updated its February 22 high, reaching the level of 79.21. After this, the price corrected. If the correction continues today, expect oil
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 29.02.2024

  29-02-2024 08:07 via litefinance.org
  
  I welcome my readers!I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.Elliott wave Bitcoin analysisThe BTCUSD market is forming wave [C] as an impulse (1)-(2)-(3)-(4)-(5), with the final wave (5) unfolding inside. Sub-waves 1-2-3-4 have completed within impulse (5). Sub-wave 5 is currently unfolding and could finish at a level of 66665.50, where impulse (5) w
  
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• Euro is anxious. Forecast as of 29.02.2024

  29-02-2024 07:52 via litefinance.org
  
  EURUSD movements may have fundamental reasons or could be caused by the closure of speculative positions and carry trades. Such processes usually occur on the eve of important events. Let us discuss the Forex outlook and make up a trading plan.Weekly Euro fundamental forecastTrends create confidence, and corrections create doubts. At the beginning of 2024, traders were betting on the discrepancy in the Fed’s forecasts for the federal funds rate with the expectations of the derivatives mark
  
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• Paramount puts up a surprise adjusted profit, as higher streaming prices boost revenue

  29-02-2024 04:38 via rocketnews.com
  Shares of Paramount Global Inc. were up after hours on Wednesday after the media and entertainment giant reported a surprise adjusted quarterly profit, as higher subscription prices fattened sales for its Paramount+ streaming platform. Adjusted for impairments and restructuring, the company — which also oversees CBS, Comedy Central and Pluto TV — reported a per-share profit of 4 cents, better than FactSet estimates for a 1 cent per-share loss. Revenue fell 6% to $7.64 billion, worse
  
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• Apple shareholders reject AI-disclosure proposal

  29-02-2024 03:21 via rocketnews.com
  Apple shareholders rejected a proposal that would require the company to disclose its activities with artificial intelligence. The proposal, brought by AFL-CIO Equity Index Funds, would have required the company to generate a report on its use of AI in operations and to disclose any ethical guidelines adopted by the company. Apple AAPL, -0.66%,disclosing the results of its annual shareholder meeting on Wednesday, said the proposal had failed.The meeting comes shortly after Apple reportedly shut
  
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• Will Apple create a better AI? Questions abound as Tim Cook hints at what’s to come.

  29-02-2024 03:17 via rocketnews.com
  Apple Inc. has reportedly shelved its electric-car project and will be moving some of those engineers to work on AI, leading to questions such as how the iPhone maker will incorporate more artificial intelligence into its products, and whether it is creating its own generative AI — i.e., its own version of ChatGPT. On Tuesday, Bloomberg reported that Apple was scrapping its much-rumored self-driving EV project, called Project Titan, after spending an estimated billions of dollars in R&
  
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• EA to lay off about 5% of its workforce, end development of some videogames

  29-02-2024 02:37 via rocketnews.com
  Videogame maker Electronic Arts Inc. said Wednesday it will cut about 5% of its workforce and plans to cancel some games in development. In a letter to employees, Chief Executive Andrew Wilson said “we are streamlining our company operations to deliver deeper, more connected experiences for fans.”He said the layoffs will affect about 5% of the company’s global workforce, which would be around 670 people, based on a staff of 13,400 as of last March, according to an SEC filing. &
  
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