Last year, Ark Investment Management CEO Cathie Wood said software companies will be the next big opportunity in artificial intelligence (AI), predicting they will eventually generate $8 in revenue for every $1 spent on chips from leading suppliers like Nvidia. Ark operates several funds (both private and exchange-traded) that reflect that stance. Using the Ark […]
Pfizer (NYSE: PFE) can be a polarizing stock to own right now. Its future remains hazy given that it is facing some troubling patent cliffs and revenue from its COVID-19 vaccine is dwindling. But at the same time, the shares look cheap, and they could possess a lot of upside in the long run. Investors, […]
The first half of 2024 is officially in the books, and the bulls remain in firm control on Wall Street. Since this year began, the iconic Dow Jones Industrial Average, benchmark S&P 500, and widely followed Nasdaq Composite have all leaped to fresh, all-time highs. While specific trends have been singled out as clear-cut catalysts […]
Many might hesitate before buying a used car that has already got 100,000 kilometres or far more on the odometer. But think twice, as a higher mileage is not necessarily bad news, says a German car association. Rather, look twice if you are considering an older car that seems to have been driven remarkably little, […]
People call it “The Pit.” It’s a massive, unsightly hole in the ground — the site of a construction project in downtown Carmel-by-the-Sea whose previous owners ran out of money six years ago, leaving behind nothing but concrete, rebar and hard feelings. In 2020, The Pit was purchased by Patrice Pastor, a billionaire real estate […]
The younger generations don’t have the patience to grow wealth the ordinary way. From alternative music and alternative cinema, millennials and Gen Z have moved on to alternative assets. And they’re hoarding their way over the recommended amount. A mind-blowing 31% of their portfolios are in alternatives, which would make most financial advisors gasp for […]
ARLINGTON, Va. (AP) — Boeing announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion, a move that it says will improve plane quality and safety amid increasing scrutiny by Congress, airlines and the Department of Justice. Boeing previously owned Spirit, and the purchase would reverse a longtime Boeing strategy of outsourcing key work […]
The S&P 500 has set one new all-time high after another in 2024, but not every stock has participated in the current bull market. Some stocks remain beaten down, well below the highs reached in late 2021 and early 2022. Some of the companies behind those stocks benefited from the behavior changes ushered in by […]
TAMPA, Fla. (WFLA) — A lucky Tennessee man vowed to never eat bologna again after he turned a $20 lottery ticket into a $1 million jackpot earlier this month. According to the Kentucky Lottery, Jody, who requested not to share his last name, claimed the first top prize from the “$1,000,000 Casino Nights Kentucky Lottery […]
Nvidia (NASDAQ: NVDA) has seen the value of its shares skyrocket over the past two years as the biggest chip supplier in the race for artificial intelligence (AI) supremacy. Several hedge fund managers spotted the potential for Nvidia in AI early and made considerable bets on the semiconductor stock. Stan Druckenmiller accumulated a sizable position […]
Nvidia (NASDAQ: NVDA) is one of the hottest stocks on the market — especially after its 10-for-1 stock split made it easier for smaller investors to experience the artificial intelligence (AI) boom that sent its shares up 150% this year alone. But while stock splits are exciting, they don’t change a company’s market cap (the […]
The Fort Collins urban renewal board officially opened the door to buy the former Albertsons grocery store on North College Avenue without the cooperation of the property owner. On Thursday, the Fort Collins Urban Renewal Authority board of commissioners authorized the use of eminent domain to acquire the property, which it has determined is blighted […]