Here are the biggest calls on Wall Street Monday: Jefferies reiterates Nvidia after buy Jefferies raised its price target on Nvidia to $150 a share from $135. “NVDA remains the king and maker – for example, we still see growth for MRVL and ALAB alongside NVDA, but NVDA’s decisions for each generation could change that … Read more
Former President Donald Trump received the endorsement of another high-profile member of the business community — sort of. ARK Invest CEO Cathie Wood said she plans to vote for Trump because of his record on the economy — the single most important issue to her, she said during an interview with YouTuber Kevin Paffrath. Wood … Read more
By Ankika Biswas, Lisa Pauline Mattackal and Carolina Mandl (Reuters) – The Dow rose to a one-month high on Monday, while the Nasdaq fell more than 1% as investors turned away from AI-related stocks and added some holdings to their portfolios, betting on rate cuts of Federal Reserve interest this year. The S&P 500 and … Read more
Hispanolist | E+ | Getty Images The average 401(k) savings rate — including employee deferrals and company contributions — has maintained historic levels as plans make it easier for workers to put money away. In 2023, the average combined savings rate was about 11.7%, matching a record high from 2022, according to Vanguard’s annual analysis … Read more
To gain an advantage, this is what you need to know today. AI Rally Course Please click here for an expanded table of Micron Technology Inc smack. Note the following: This article is about the big picture, not an individual stock. The MU stock chart is being used to illustrate this point. Micron’s … Read more
SAN FRANCISCO (AP) — Meme stocks like GameStop are hot again, rekindling memories of early 2021 when they turned into a craze that ended up burning many investors along with Robinhood Markets. Online brokerage was especially popular among younger generations and helped fuel the boom in meme stocks until it became so overcrowded that it … Read more
LONDON (AP) – European Union regulators on Monday issued their first charges under the bloc’s new law regulation of digital competitionaccusing Apple of preventing app creators from directing users to cheaper options outside of its App Store. The European Commission said that according to preliminary findings of its investigation, restrictions the iPhone maker places on … Read more
Amazon is working on an AI chatbot to directly compete with OpenAI’s ChatGPT, Business Insider has learned. The secret internal project is codenamed “Metis”, likely a reference to the Greek goddess of wisdom. The new service is designed to be accessed from a web browser, similar to how other AI assistants work, according to people … Read more
Apple is imposing unfair restrictions on app developers for its App Store in defiance of a new European Union law aimed at encouraging competition in the technology industry, regulators in Brussels said on Monday. Apple is the first company to be accused of violating the Digital Markets Act, a law passed in 2022 that gives … Read more
How CDK’s cyberattack is affecting Michigan car dealerships How CDK’s cyberattack is affecting Michigan car dealerships 02:03 CDK Global is now calling cyber attack that destroyed its software platform for its car dealership customers “a rewarding event”. In a note to clients on Saturday, CDK admitted for the first time that hackers who created its … Read more