Data-mining software company Palantir Technologies is popular among retail investors, but Bank of America said it’s still misunderstood by many on Wall Street. In a note on Tuesday, analysts pointed out that a 1980 estimate of cell phone users by 2000 was just 900,000. The actual number of mobile subscriptions that year was more than…
Another company has some points in common with Coca-Cola. Coca-Cola (KO 0.94%) is not the biggest position in Warren Buffett’s portfolio, but it is one of the billionaire’s favorites — and one that likely will remain there at current levels. Buffett started buying shares of the world’s biggest nonalcoholic beverage maker in 1987 and continued…
We recently compiled a list titled Jim Cramer’s Latest Watchlist: 10 Stock Picks You Need to Know. In this article, we will look at where Oracle Corporation (NASDAQ:ORCL) stands among other stock picks in Jim Cramer’s latest watchlist. In a recent episode of Mad Money, Jim Cramer advised investors to hold onto their stocks, anticipating…
The world economy’s tectonic plates will shift this week when a US easing cycle begins, just as officials from Europe to Asia set policy against a backdrop of brittle markets. A 36-hour monetary rollercoaster will start with the Federal Reserve’s probable decision to cut interest rates on Wednesday, and finish on Friday with the outcome…
Hotter-than-expected readings on consumer prices — and on some wholesale prices — this week led markets to price in a higher likelihood that the Federal Reserve will opt for a smaller, more conservative interest rate cut at its September meeting. But a confluence of events later in the week once again revived bets of a…
Palantir (NYSE: PLTR) has emerged as one of the stock market’s artificial intelligence (AI) darlings. The tech company is known for its complex data analytics platforms. It got its start in the aftermath of 9/11 by providing software to federal intelligence agencies that helped them sift through mountains of data and make connections that could…
CNN — Former President Donald Trump lashed out at Nasdaq over a routine trading halt in shares of his social media company and even threatened to move the listing to the New York Stock Exchange. “Why is NASDAQ halting the sale of DJT?” Trump said Friday on Truth Social, referring to the ticker symbol of…
One of the most important dates in modern history is Nov. 30, 2022 — the day that OpenAI released ChatGPT to the public. It didn’t take long for people all over the world to become totally enamored by the potential of generative artificial intelligence (AI). Perhaps no company has benefited as much from the AI…
Microsoft co-founder Bill Gates leaves the “AI Insight Forum” in the Russell Senate Office Building on Capitol Hill on September 13, 2023 in Washington, D.C.Photo: Chip Somodevilla (Getty Images) Despite co-founding one of the most successful companies in the world, Bill Gates says he isn’t ready to stop working. The Microsoft co-founder said he hopes…
The paper fortune that former President Donald Trump amassed by taking a nascent media startup public is shriveling, and a race to the exits that begins as soon as Sept. 19 could shrink it even more. Trump Media & Technology Group Corp., which owns the X-lookalike social media platform Truth Social, has shed nearly $6…