STORY: Ball said it's probably "not a good idea to invest in the biggest name tech stocks. The FAANG stocks have rebounded off a very low base and they probably run their course that way. They're so big and they're great companies, they can't grow that rapidly."
He added there are smaller technology stocks that may have more upside potential including Opendoor Technologies and Teladoc which he gave as examples.
The company now expects 2024 operating profit of $6.2 billion to $6.6 billion, compared with its earlier forecast of $6 billion to $6.5 billion. Since then, Wall Street analysts have been bullish on the prospects of the aerospace business, with some citing the dominant lead of CFM International, GE's joint venture with Safran, as a supplier to Airbus' A320neo family of jets, over competing engine maker Pratt & Whitney. CFM is also the sole supplier to Boeing's 737 MAX family of jets, which are currently being produced at a lower rate due to an ongoing safety crisis.
Spotify reported first quarter earnings before the bell on Tuesday. Here's what to know.
EXCLUSIVE: The BBC has apologized after suggesting that J.K. Rowling’s remarks about transgender women could put her on the wrong side of a new hate crime law in Scotland. In an April 2 story that centered on the Harry Potter author, BBC Scotland reported that the Hate Crime and Public Order (Scotland) Act 2021 means …
Indian nurse Nimisha Priya will be executed unless the victim's family accepts "blood money" to pardon her.
David Ellison, 41, would not be the first rich guy to arrive in Hollywood with a fat bank account and dreams of making movies, though the son of billionaire Oracle founder Larry Ellison boasts the rarest of attributes for a budding media mogul: a Silicon Valley pedigree. In an industry where many get their start fetching coffee or moving props, Ellison spent summers writing computer code for his father's software company and getting insights on the movie business from Pixar Animation Studios co-founder Steve Jobs. Ellison is orchestrating a multi-step transaction that would result in the merger of his independent studio, Skydance Media, with Paramount.
There are a lot of benefits to living in a city but it can be harmful for your health
LVS Advisory, a New York City-based full-service investment firm, recently released its first-quarter 2024 investor letter. A copy of the letter can be downloaded here. The LVS Event-Driven portfolio declined (1.4%) (net of all fees and expenses) in the first quarter compared to a 1.6% gain for its benchmark High-Yield Bond Index. On the other […]
Data showing British businesses recorded their fastest growth in activity in nearly a year helped the pound steady against the dollar on Tuesday, after touching its lowest in five months the day before, but it remained under pressure against the euro. European data was also better than expected and the common currency at one point rose 0.2% against the pound to 86.43 pence, matching its previous day's three-month high, though these moves also failed to hold. Euro/sterling has traded in a tight range for months, but broke out on Friday when the euro climbed 0.65% after Bank of England Deputy Governor Dave Ramsden said the risk of British inflation getting stuck too high had receded and it might prove weaker than the BoE's most recent forecasts.
It will be wearable yet sophisticated, and is shoppable in just a few weeks
Donald Trump is set to secure on Tuesday a stock bonus worth $1.3 billion from the company that operates his social media app Truth Social, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares. The award will take the former U.S. President's overall stake in the company, Trump Media & Technology Group (TMTG), to $4.1 billion. While Trump has agreed not to sell any of his TMTG shares before September, the windfall represents a significant boost to his wealth, which Forbes pegs at $4.7 billion.
An adult female was pronounced dead after being shot outside a West Richland, WA. school on April 22
There will be tears.
Victoria Beckham releases new collaboration with Mango — Joe Bromley has the key pieces to shop before summer
Hannah Snellgrove is in the condition of her life heading to the Semaine Olympique Francaise and knows the event will act as her biggest marker ahead of her Olympic debut.
Fans in Brooklyn have accused ‘Like a Prayer’ singer and Live Nation of ‘false advertising’
Markets currently rate the chance of a Bank of England interest rate cut in June as about 50-50
The U.S. Federal Trade Commission (FTC) is expected on Tuesday to approve a rule that would ban agreements commonly signed by workers not to join their employers' competitors, which it says limit worker mobility and suppress their pay. The five-member FTC, which enforces antitrust laws and currently has a Democratic majority under President Joe Biden, is scheduled to meet later on Tuesday to vote on the rule first proposed in January 2023. The FTC, Democrats and worker advocates who support the rule say it is necessary to rein in the increasingly common practice of requiring workers to sign so-called "noncompete" agreements, even in lower-paying service industries such as fast food and retail.
Demonstrators at NYU and Yale are arrested while Columbia cancels in-person classes for safety.
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