Markets

Premium Generative AI provides plenty of opportunities for well-positioned stocks. BlackJack3D/Getty Images AI stocks are still a hot topic, but there’s plenty of companies that are all talk. Evercore’s Julian Emanuel searched out the stocks best utilizing generative AI. Financials and consumer-facing companies led the bunch as they cut costs and increased brand loyalty. Where… Continue reading Evercore: Buy these 26 stocks positioned for outperformance as they unlock the power of AI

Jennifer Sor September marks the second straight losing month for stocks. Reuters / Marcos Brindicci US stocks traded mixed on Friday as a government shutdown looked increasingly likely. The session also closed out a dismal September, with the S&P 500 losing 5% to mark its worst month of 2023. For the third quarter, the benchmark… Continue reading US stocks end mixed to close out worst month of 2023 as investors brace for a government shutdown

French authorities are looking into billionaire Bernard Arnault’s dealings with a Russian businessman.  Nikolai Sarkisov bought properties in 2018 through intermediary companies, but the buyer was Arnault, reports said.  Officials alleged that Arnault paid Sarkisov about €20 million to own the assets. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Authorities are investigating LVMH billionaire Bernard Arnault in potential money laundering probe

Russia and Saudi Arabia have made billions in additional oil revenue after their production cuts lifted prices. Russia likely generated an additional $2.8 billion over the past quarter, according to Energy Aspects data. Meanwhile, Saudi Arabia has likely pulled in about $2.6 billion in extra revenue. Loading Something is loading. Thanks for signing up! Access… Continue reading Russia and Saudi Arabia have likely made close to $3 billion this quarter as OPEC+ production cuts push oil toward $100 a barrel

Dan Loeb’s Third Point is dealing with big investor outflows in 2023, the Wall Street Journal reported. Investors have pulled funds after Loeb missed out on the huge tech rally earlier this year. The WSJ report said Loeb is now betting on an eventual credit crunch amid rising interest rates. Loading Something is loading. Thanks… Continue reading Hedge fund giant Third Point reportedly facing big investor outflows in 2023 amid slumping returns

The National Association of Home Builders sounded the alarm on the risks of a government shutdown. If the National Flood Insurance Program isn’t renewed, 1,300 home sales will be affected daily. The NAHB also warned on a shutdown’s impact on home values and consumer confidence. Loading Something is loading. Thanks for signing up! Access your… Continue reading A government shutdown would impact 1,300 home sales each day as insurance program expires

Jennifer Sor Getty Images / Mario Tama US stocks jumped Friday as investors took in better-than-expected inflation. Core PCE, the Fed’s preferred inflation measure, rose 0.1% in August, below estimates of 0.2%. Eurozone prices growth also slowed, with European inflation rising at its slowest pace in two years. Loading Something is loading. Thanks for signing… Continue reading US stocks jump as investors cheer better-than-expected inflation data

Gamestop stock jumped as much as 7% Thursday after it announced Ryan Cohen as its new CEO. The billionaire investor will not receive any compensation for the role as president, chief executive, and chairman. Earlier this year, Gamestop fired CEO Matthew Furlong, a former Amazon executive. Loading Something is loading. Thanks for signing up! Access… Continue reading GameStop jumps as it taps billionaire activist investor Ryan Cohen as CEO for zero salary