In a show of support for his successor, James Gorman said he would step down as board chair from Morgan Stanley at the end of this year. Gorman led the company for 14 years and retained his chairman role when he retired as CEO. Ted Pick took over.
Financial analyst and YouTuber Kevin Paffrath ("Meet Kevin") joins Market Domination to discuss Tesla's valuation as CEO Elon Musk touted the company's AI initiatives at Thursday's shareholder meeting. Paffrath believes there is a large difference between what Tesla is going to deliver versus what Elon Musk promises. He states that compared to Toyota (TM), Tesla has been on a downward trend: "The difference between the two companies is growth. I value Tesla at a PEG ratio [Price/Earnings-to-Growth] of 1.67, assuming we can get about 30% growth once we bottom out from here. Toyota's growing, in some years, it's projected to grow negatively, but more reasonably, it's growing somewhere between 5-6%, which is barely above the rate of inflation. So that's one of the reasons you see the valuation disparity." He adds, "I think you can go short, and people get mad at me for saying this, but it's just a hedge. It's a macro hedge. You go short bitcoin, you could use a fund like BITI (BITI). I'm not affiliated with them. It's a negative one. The reason for that is when risk assets sell off, Tesla goes down... you don't want to short the whole market for a hedge because that's not going to work. You specifically want an offsetting risk hedge." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl Catch up on Yahoo Finance's coverage of all things Tesla, Elon Musk, and his pay package saga: EV competitors like Ford, GM are 'scared' of Tesla: Investor 'Don't fire Steve Jobs': Tesla analysts react to approval of Elon Musk's pay package 'Hold on Tesla and wait,' don't buy right now: Strategist Tesla is in 'incredibly enviable' position for real-world AI Tesla is biggest market bubble in world history: Short seller Don't bet against Elon Musk: Dan Ives talks $1T Tesla call Elon Musk wins Tesla shareholder battle to keep his record-breaking pay Elon Musk has been integral to Tesla's growth, AI: Cathie Wood Musk's pay battle is not over. Here's why.
A Father’s Day message followed a public appearance on Saturday by the Princess of Wales, alongside William and the King
Thousands of Dutch and Polish fans are in the city ahead of today’s 2pm kick-off in Group D
Evening Standard analysis of key seats in London for the July 4 General Election
It's time to find out who will be on Team USA. Here's how to watch the 2024 U.S. Olympic Diving Trials.
She’s relying on that rent to put her son through college.
Disgraced police officer Michael Holman, a suspect in the slaying of librarian Patricia Jeschke, died in 2015
They aren’t in areas you might expect.
With Pride Month in full gear, U.S. shoppers can find the usual merchandise many stores stock for the June celebration of LGBTQ+ culture and rights. This year's Pride Month is unfolding amid a sea of legislation and litigation over LGBTQ+ rights, especially the ability of transgender young people to participate in sports or receive gender-affirming care. Against this backdrop, Target reduced the number of its stores carrying Pride-themed products this year after getting backlash in 2023.
As the housing market continues to face an affordability crisis, LegalShield Provider Lawyer & Managing Partner of Fiffik Law Group Michael Fiffik joins Wealth! to discuss how homebuyers can best set themselves up for success when navigating the market. "Do your homework if you're going to be a buyer. Before you get started, I would assemble your team — a realtor, a lawyer that is experienced in real estate work, and a lender — and have a game plan before you start looking for a home, because it is very expensive and it's more complicated anymore these days than it's ever been," Fiffik says. He explains that having a team set up beforehand will provide a significant advantage in an already complicated housing market. He adds that having an experienced team by your side can come in handy if issues arise with the title or home inspections. A realtor and lawyer can work together to assess the significance of these issues and even negotiate a deal. Fiffik encourages homebuyers to get as much information from the seller as possible to avoid any surprises after they move in as well as any unexpected additional expenses. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
The royal family photo was taken by Kate Middleton and shared on social media for Father's Day on June 16
‘Succession’ star argued that politicians are not sufficiently acknowledging the effects of leaving the EU
Minister demands explanation from Surrey Police after cow run down in Staines street
The year’s first significant heat wave is expected to roast a large portion of the central and southern United States on Father’s Day Sunday with potentially record-breaking high temperatures, four days away from summer’s official start.
A new private university, set to open with 100 students this fall, hopes to raise $5 million in the endowment for the general fund.
A Tory colleague says detail of expenses messages must be understood "before appropriate action".
Actress Elle Fanning rocks a vintage Galliano, nude maxi dress with spaghetti straps and floral detailing to a Roku Gin event
The new photo comes just one day after the Princess of Wales made her first public appearance in six months.
Maybe it depends on how you define "in style."
The family of Keaton Slater say he was a "fun-loving little comedian" who enjoyed making people laugh.
Yahoo Finance