BoA Analysts say NVIDIA’s Transformation Is Underappreciated
BoA analysts liked a lot in NVIDIA’s latest earnings report, despite it having disappointed on guidance. Bank of America analysts wrote in a recent note, “Our positive view on Nvidia…
Al Gore’s Investment Firm Bought Alibaba And Salesforce, And Sold Cisco And Microsoft.
Generation Investment Management, London-based firm co-founded and co-chaired by former politician Al Gore, heavily bought shares of Alibaba Group Holding and cloud firm Salesforce CRM in the first quarter, as…
China Signals Stimulus for Shanghai, And Global Stocks Rise
On Monday, international stocks rose as US markets were closed for the Memorial Day Holiday, This extended a rally that made up some of this years losses. Led by shares…
Costco CEO Mentioned Possible Hike In Membership Fee
During the pandemic, as shortages stripped items from the shelves of normal grocery stores, warehouse stores like Costco and Sam’s Club became lifelines, reliably stocking items which routinely sold out…
Goldman Continues to Pour Money Into Its Single Black Women Inititiative
Goldman Sachs is investing billions of dollars into its One Million Black Women initiative. Goldman Sachs Global Head of Corporate Engagement Asahi Pompey said, “We launched about a year ago,…
Russia Is Preparing A New Bond-Payment Scheme As Default Looms
Russia is developing a new bond-payment system designed to bypass US sanctions and allow it to pay creditors, as a grace period on due payments is ticking down. Finance Minister…
Goldman Predicts Battery Metals Dropping
Goldman Sachs analysts. including Nicholas Snowdon and Aditi Rai, are predicting three key battery metals, Nickel Cobalt, and Lithium, are going to drop in value over the next two years,…
Gun Sellers Offer Buy Now Pay Later
Many firearms sellers today are partnering with finance companies, to offer buy-now/pay-later deals on firearms to encourage sales. One such company is Daniel Defense, a high-end manufacturer of AR-15 rifles.…
What To Watch For This Week
Economic Data Tuesday FHFA House Pricing Index, month-over-month, March (2.0% expected, 2.1% during prior month) House Price Purchasing Index, quarter-over-quarter, Q1 (3.3% during prior quarter) S&P CoreLogic Case-Shiller 20-City…
Have We Entered A Housing Correction?
Moody’s Analytics chief economist Mark Zandi says we have officially entered a housing correction. New data for April and May show a softening of the US housing market. New home…
