By Dan Weil Cash was on the outs for more than a decade, as low interest rates kept investors away, sending them mainly to stocks. Cash was trash over the past 13 years, as miniscule interest rates kept investors away from the asset, pushing them large…
Fidelity Brings Bitcoin to Retirement Savings
By Rob Lenihan Fidelity Investments said it will allow investors to put a bitcoin account in their 401(k)s. The biggest game in town is giving crypto a seat at the table. Fidelity Investments said it will allow investors to put a bitcoin account in the…
Royal Caribbean Has a New Cruise Ship Coming. Here’s What We Know
By Daniel Kline It will be the first in a new cruise-ship class that won’t be the biggest in the world but might be the most innovative. Each new Royal Caribbean (RCL) – Get Royal Caribbean Group Report ship pushes the boundaries set by the previous on…
Ford Has the Perfect EV Car to Conquer The Middle Class
By Luc Olinga Veteran automaker’s new electric model may be a huge catalyst to broad adoption of EVs in America’s heartland. Ford (F) – Get Ford Motor Company Report knows that to a major extent, the broad adoption of electric vehicles in the heartland…
Cathie Wood Watch: Ark Builds Teladoc, Sells a Fintech, Defense Firm
By Dan Weil Ark also purchased an e-commerce company and sold more of an EV maker. Renowned investor Cathie Wood, chief executive of Ark Investment Management, traded a number of her familiar names Monday. Purchases included a health-care company and a…
Microsoft Earnings Preview: Azure, Cloud Growth In Focus As Global PC Market Slows
By Martin Baccardax Weaker PC markets and questions over its $69 billion acquisition of video game maker Activision will put even more pressure on Microsoft’s cloud division, including Azure, ahead of today’s third quarter earnings. Microsoft Corp. (MS…
PepsiCo Beats Q1 Profit Forecast, Lifts 2022 Sales Outlook On Snacks Strength
By Martin Baccardax Frito Lay sales growth once gain drove PepsiCo’s revenue gains despite CEO Mike Roman seeing “higher than expected input cost inflation for the balance of 2022.” PepsiCo (PEP) – Get PepsiCo, Inc. Report posted better-than-expected f…
How Rising Rates Could Influence Tech Earnings
By Scott Bauer for CME Group Rising interest rates tend to hurt growth stocks, and more specifically tech stocks due to their high price to earnings ratios and low dividend payments. However, across the last five rate hike cycles, the Nasdaq median gai…
Jeff Bezos Questions Musk Twitter Purchase Over China
By Veronika Bondarenko “Did the Chinese government just gain a bit of leverage over the town square?” the Amazon founder tweeted. By the end of the day, almost everyone’s weighed in on Tesla (TSLA) – Get Tesla Inc Report founder Elon Musk’s $44 million…
Does Elon Musk Really Support Free Speech?
By Kirk O’Neil Will Elon Musk be committed to protecting free speech as sole owner of Twitter? Elon Musk’s devotion to free speech is the reason he says he has decided to buy Twitter. At least, that’s how he frames it. But will he really be a “free spe…