Nearly 70 companies, including 29 S&P 500 members and several major bellwethers, are scheduled to report this week as analysts’ earnings forecasts continue to rise.
Berkshire Hathaway’s shares have recovered some ground in June, yet the company still lags the S&P 500 by a wide margin as the year moves into its second half.
Gold hit a new record early on Wednesday before retreating as traders started to take profits from this week’s rally.
Spot gold reached an all-time high of $2,758.49 per ounce, besting its previous record reached the day before by approximately $1. Other precious metals followed closely, with silver surging to...
Analysts at banking giant Goldman Sachs believe gold is the best long-term investment for the future while predicting the continuation of the recent rally for the precious metal.
In a recent research note, Goldman Sachs put a 2025 target price for gold at 2,700 per ounce compared to this week’s...
Production firm Skydance Media has struck a new deal to acquire entertainment conglomerate Paramount Global according to a report by The Wall Street Journal. The news comes just several weeks after Paramount’s controlling shareholder, Shari Redstone, walked out of a previous agreement with Skydance.
Reportedly, Skydance will buy Redstone’s National...
United Airlines Holdings Inc announced on Thursday its intention to invest $15 million in Eve Air Mobility, a subsidiary of Brazilian aerospace company Embraer. The major U.S. carrier also revealed that it will order 200 aircraft from the air taxi maker. An option for an additional order of 200...
Netflix stock (NFLX) isn't the hottest commodity these days and it might be even less desirable after it received a downgrade from Goldman Sachs. In a recent note to clients, Goldman's analyst Eric Sheridan said that his team has various concerns related to NFLX while changing the stock's rating...
Internet's favorite entrepreneur Elon Musk recently shared some advice to investors looking for the best approach in times of high inflation. Discussing the issue on Twitter, the CEO of Tesla recommended investing in "physical things".
According to Musk, it is "generally better to own physical things like a home or...
The stock of sports betting and daily fantasy sports provider DraftKings continued its free fall this week, prompting its CEO Jason Robins to speak out publicly about the issue. Robins addressed the plummeting stock on Twitter, writing that the investors who sold their DKNG stock will "regret that decision."
"If...
Chinese e-commerce giant Alibaba saw its stock (NYSE:BABA) take a significant drop this week after the company released its quarterly results. BABA lost 15.51 percent of its value in the past five days and has been trading around 105.80 at the moment.
According to the report, Alibaba's earnings per share...