Congress is inching closer toward a TikTok ban in the U.S. – offering another reason to stay invested in Club holding Meta Platforms after a year-and-half of strong stock gains. Meta’s Facebook and Instagram stand to gain if TikTok is cut off in the U.S. and users of the popular short-form video app are forced … Read more
Boeing 787 Dreamliners are built at the aviation company’s North Charleston, South Carolina, assembly plant on May 30, 2023. Juliette Michel | AFP | Getty Images Boeing told employees on Monday that it expects a slower increase in production and deliveries of new 787 Dreamliner planes because of supplier shortages of “a few key parts.” … Read more
Anna Barclay | Getty Images Former President Donald Trump is poised to receive an additional 36 million shares of Trump Media on Tuesday — an “earnout” bonus worth more than $1.25 billion, at Monday’s price. Shares of Trump Media, which owns the Truth Social app, were trading at around $35 per share midday Monday, about … Read more
Delta Air Lines jets are seen on a taxiway at Hartsfield-Jackson Atlanta International Airport in Atlanta on Dec. 22, 2021. Elijah Nouvelage | Reuters Delta Air Lines said it is raising staff pay by another 5% this year as the country’s most profitable airline prepares for the busy summer travel season. The pay increase, which … Read more
A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf. Raheb Homavandi | Reuters Crude oil futures edged lower on Monday after Iran said it will not escalate the conflict with Israel. The West Texas Intermediate contract for May lost 46 cents to … Read more
Pedestrians walking past a Tesla store in Shanghai, China, on March 14, 2024. CostFoto | Nurphoto | Getty Images Tesla shares sank in premarket trading on Monday, while China’s Li Auto plummeted to an 11-month low, after both companies slashed prices of their electric vehicles in various markets amid intense competition. U.S. EV giant Tesla … Read more
Fotografielink | Istock | Getty Images Artificial intelligence has shaken up the investing landscape since the groundbreaking launch of ChatGPT in November 2022. Since then, investors have poured money into all things related to AI as they hunt for the next big winners. In 2023, a group of major technology players dubbed the Magnificent Seven … Read more
At law school, we learned about “proximate cause,” one of the few valuable concepts you can take from three years of drudgery. It’s about who and what caused the injury and who pays for it. The current stock market lends itself to proximate causes, as in, “We have to find a cause for the pronounced … Read more
Investors should consider commodities due to a “big change” involving international expansion, according to VanEck CEO Jan van Eck. “The world economy started growing again,” van Eck told CNBC’s “ETF Edge” this week. He singles out China, the world’s second-largest economy behind the U.S., as a key driver in the expansion. “China which has been … Read more
The Iranian flag above the new Phase 3 facility at the Persian Gulf Star gas condensate refinery in Bandar Abbas, Iran, in 2019. Ali Mohammadi | Bloomberg | Getty Images If investors only looked at the price of oil at the end of this week, they wouldn’t have known that Israel and Iran, OPEC’s third-largest … Read more
