Home Authors Posts by Financial News Editor

Financial News Editor

Financial News Editor
1892 POSTS 0 COMMENTS
news-18102024-085331

Intel Seeks Investment for Minority Stake in Altera Business

Intel Corporation, under the leadership of CEO Pat Gelsinger, is considering selling a minority stake in its Altera unit to raise much-needed cash for the struggling chipmaker, according to sources familiar with the matter....
news-17102024-143542

ALPS Smith Core Plus Bond ETF One Year Anniversary (NYSEARCA:SMTH)

The ALPS Smith Core Plus Bond ETF, with the ticker symbol SMTH, is celebrating its one-year anniversary this December. This ETF aims to provide above-average total return through current income and capital appreciation by...
news-17102024-143508

Lucid Motors Stock Plummets After 262.5 Million Share Public Offering

Lucid Motors, an electric vehicle startup, recently saw its stock plummet by more than 10% in after-hours trading. This drop followed the company's announcement of a public offering of approximately 262.5 million shares of...
news-17102024-083258

MARA Holdings Stock Analysis: Addressing Fundamental Issues in Mining Operations (NASDAQ:MARA)

Marathon Digital Holdings (NASDAQ:MARA) has been facing some fundamental challenges in its mining operations. The company's pivot to Kaspa mining has not been as profitable as anticipated, with mining difficulty increasing alongside a 25%...
news-17102024-083229

Stanley Druckenmiller Reflects on Selling Nvidia Too Soon: ‘Licking My Wounds’

Billionaire investor Stanley Druckenmiller recently admitted that selling his stake in Nvidia earlier this year was a major mistake. During an interview with Bloomberg, Druckenmiller confessed that he sold all his Nvidia shares when...
news-17102024-023152

Kingsway Financial Services CEO John T. Fitzgerald Hosts Image Solutions LLC Acquisition Conference Transcript

Good evening, everyone. Thank you for joining us today for Kingsway Financial Services Inc.'s conference call regarding the acquisition of Image Solutions LLC. I am John T. Fitzgerald, the CEO of Kingsway, and I...
news-17102024-023124

Exploring Alternatives: Auto Giants Shift Focus as Solid-State Battery Hype Fades

The hype surrounding solid-state batteries for electric vehicles (EVs) has been prevalent, with experts touting them as a game-changer in sustainable driving. These batteries, which utilize a solid electrolyte instead of a liquid one,...
news-16102024-203116

GM’s Q3 Earnings Report: Crucial Moment for (NYSE:GM)

General Motors (NYSE:GM) recently released its third-quarter earnings report, and investors are keeping a close eye on the numbers. As a journalist, it is crucial to analyze the financial performance of the company and...
news-16102024-203039

Amazon to Invest $500 Million in Small Modular Reactors

Amazon Web Services, a subsidiary of Amazon that specializes in cloud computing, is making a significant investment of over $500 million in nuclear power. This investment is aimed at supporting the increasing need for...
news-16102024-142921

United Airlines Initiates $1.5 Billion Share Buyback, Expects Strong Q4 Earnings

United Airlines recently announced that it has initiated a $1.5 billion share buyback program following a period of strong earnings and anticipated robust results for the final quarter of the year. The airline expects...
news-16102024-082608

Trump PAC Raises $7.5 Million in Crypto Donations: A Breakdown

A political action committee supporting former President Donald Trump has raised about $7.5 million in cryptocurrencies. Contributors to the Trump 47 joint fundraising committee donated bitcoin, ether, XRP, tether, and USDC to the GOP...
news-15102024-200808

Potential Stock Market Crash Warning Signs: Nvidia, Mag 7 Flash Analysis

The stock market is currently showing signs of potential trouble, as indicated by the recent behavior in the bond market. Following the Federal Reserve's decision to cut rates, the 10-year government bond has experienced...
news-15102024-200738

ASML Stock Drops 15% on Warning of Weaker China Sales

Shares of semiconductor equipment maker ASML took a significant hit on Tuesday, dropping by 15.6% following the release of disappointing sales forecasts. The Dutch company revealed that it expects net sales for 2025 to...
news-15102024-140509

Navigating the Challenges of GOF’s Rising Valuation: A Closer Look

Investors have been closely watching the valuation of GOF, trying to navigate the challenges that come with its rising price. Analysts have disclosed their beneficial long positions in shares of PTY and RLTY, whether...
news-15102024-140438

Bank of America Exceeds Expectations with Strong Trading Revenue

Bank of America's third-quarter profit and revenue exceeded expectations due to strong trading results. The company reported earnings of 81 cents compared to the estimated 77 cents and revenue of $25.49 billion versus the...
news-15102024-080010

Caution urged by Fed Governor Waller for future interest rate cuts

Federal Reserve Governor Christopher Waller recently expressed caution regarding future interest rate cuts during a Fed Listens event in Washington, D.C. He mentioned that upcoming rate cuts might not be as aggressive as the...
news-15102024-015955

Tower Semiconductor (TSEM) Shines with AI-Driven Growth and Strong Balance Sheet

Tower Semiconductor (TSEM) is making headlines with its impressive growth driven by artificial intelligence (AI) technology and a solid balance sheet. The company's stock has been performing well, catching the attention of investors and...
news-15102024-015844

Nvidia Sets Record with Market Cap Exceeding $3.4 Trillion

Nvidia, the renowned chipmaker company, has broken records with a market capitalization exceeding $3.4 trillion. The company's shares closed at an all-time high of $138.07, marking a 2.4% increase from the previous peak. This...
news-14102024-195915

7 Sustainable Dividend Dogs to Buy from Barron’s October 100 List

Barron's recently released their seventh-annual ranking of sustainable companies, focusing on the top 1,000 largest publicly traded companies by market value. These companies were evaluated based on their performance for five key constituencies: shareholders,...
news-14102024-195757

Support for Black Entrepreneurs: Harris Suggests 1 Million Forgivable Loans as Trump Gains Traction

Democratic vice president and U.S. presidential nominee Kamala Harris revealed a new plan to support Black men with an "Opportunity Agenda." The proposal includes offering 1 million forgivable loans to Black entrepreneurs and creating...
news-14102024-135842

Exploring the Future: The Eventual Colonization of Mars

SpaceX, led by Elon Musk, recently achieved a groundbreaking milestone in space exploration by catching a rocket midair. This remarkable feat, which involved the use of mechanical arms called "chopsticks," demonstrates SpaceX's progress towards...
news-14102024-135703

2024 Nobel Prize in Economics Awarded to Daron Acemoglu, Simon Johnson, and James Robinson

The Nobel Committee announced the winners of the 2024 Nobel Prize in Economic Science during a press conference at the Karolinska Institute in Stockholm, Sweden, on October 14, 2024. This year, the prestigious award...
news-14102024-014739

Descartes System Stock Rating Upgraded to Strong Buy on TSX:DSG:CA

Descartes System's stock rating has recently been upgraded to a strong buy on the TSX:DSG:CA. This news comes as a positive development for investors looking to capitalize on the potential growth of the company...
news-14102024-014706

Unlocking the Potential of Offshore Wind Power with South Fork Wind: A Promising Solution

Offshore wind power is gaining momentum in the U.S., with the South Fork Wind farm off the coast of Montauk, New York, leading the way as the first commercial-scale offshore wind farm in the...
news-13102024-194705

Invest $153,000 for $1,000 Monthly Income: A Complete Guide

Investing in real estate can be a lucrative way to generate passive income. One strategy that some investors use is to buy a property and rent it out to tenants. By doing so, they...
news-13102024-194630

SpaceX Starship Rocket Successfully Completes Fifth Test Flight and Lands Booster in Dramatic Catch

SpaceX made a significant achievement by successfully completing the fifth test flight of its Starship rocket and landing the booster in a dramatic catch on October 13, 2024. This milestone brings the company closer...
news-13102024-070537

The Impact of Politics on Market Trends: Analysis on 10/13/24

Politics has always had a significant impact on market trends, and this influence was particularly evident on 10/13/24. The forum for daily political discussion on Seeking Alpha highlighted the connection between political events and...
news-13102024-070459

Luxurious Multimillion-Dollar Homes: Abandoned High School Turned $3.3M Apartment Complex & More

Would you go to great lengths for your dream home? Would you consider moving to another country or transforming an unconventional space into a luxurious living area? For many Americans featured in a recent...
news-13102024-010423

Ulta Beauty: Potential Value Trap and Reversal Indicators

Ulta Beauty has been a popular investment choice for many, but there are indicators that suggest it may be a potential value trap. Analysts have pointed out that the stock has been trading at...
news-13102024-010352

Why Elon Musk Is Poised to Hit Trillionaire Status by 2027

Elon Musk is well on his way to becoming the world's first trillionaire by 2027, as reported by Informa Connect Academy. Starting with a net worth of $28.5 billion in 2020, Musk's wealth skyrocketed...
news-12102024-190246

Trump Administration to Expedite Tariffs, According to Wall Street Report

The former US trade representative, Robert Lighthizer, has reportedly been discussing the possibility of implementing significant tariffs under a potential second term of President Donald Trump. Lighthizer has been meeting with investor groups and...
news-12102024-130217

10x Genomics Stock Analysis: Q3 Earnings Breakdown (NASDAQ:TXG)

10x Genomics (NASDAQ:TXG) recently released its third-quarter earnings report, and investors are eager to understand the company's performance and potential for growth. As an analyst with a beneficial long position in TXG, I have...
news-12102024-130126

Chinese Finance Minister Hints at Increasing Deficit in Highly Anticipated Briefing

China's Finance Minister, Lan Fo'an, hinted at the possibility of increasing the deficit during a press briefing on Saturday. He mentioned that there is room for a deficit increase, and discussions are ongoing regarding...
news-12102024-065730

Wall Street Rebound: U.S. Insurers Optimistic Despite Dire Milton Forecast

Shares in several US insurers saw a positive turn after a tough start to the week, as the impact of Hurricane Milton was not as bad as expected. AccuWeather's preliminary estimates suggest that the...
news-12102024-065613

The Federal Reserve Achieves 2% Inflation Target

The Federal Reserve has been striving to reach its 2% inflation target, and recent data suggests that it may be getting closer to achieving that goal. Both consumer and producer price indexes for September...