IBM has been the best-performing stock in the blue-chip Dow Jones Industrial Average over the past three months, climbing 27%, but according to Scott Nations, president and chief investment officer of Nations Indexes, the original tech stock has more to prove in artificial intelligence. Nations appeared on CNBC’s “Power Lunch” on Wednesday to share his views on three stocks on the move lately. He said he’s taking a wait-and-see approach to IBM after a strong run. Here were his quick takes during “Three-Stock Lunch.” IBM IBM last week reported fourth-quarter results whose earnings and revenue topped Wall Street estimates. The…
Author: usaeverydaylife
BlackRock’s gigantic ETF business has expanded into a new trillion-dollar category. The asset manager on Wednesday launched two money market ETFs — iShares Prime Money Market ETF (PMMF) and iShares Government Money Market ETF (GMMF) . Typically a sleepy corner of the investment world, money market funds have surged in popularity since the Federal Reserve began hiking interest rates in early 2022. The industry had more than $6.8 trillion in assets in the week ended Jan. 29, according to the Investment Company Institute. Of that total, roughly $5.6 trillion was in government funds, and $1.1 trillion in prime funds, which…
Everyone’s allowed to complain about their job from time to time, even those who are making millions of dollars playing a game. Spend enough time in NHL locker rooms, and you’ll hear gripes about facilities, about coaches, about teammates, about a city’s nightlife or lack thereof, about escrow, about the relentless grind of an NHL season.To give the league’s rank-and-file a chance to air out their wants and wishes and complaints, The Athletic polled 111 players in recent months on a variety of topics, granting them anonymity so they could speak freely.On Monday, we highlighted their thoughts on the 4-Nations…
Vice President Sara Duterte of the Philippines was impeached by lawmakers on Wednesday, further escalating political tensions in a strategically important American ally in Asia.Ms. Duterte faced four complaints over her alleged misuse of millions in public funds and her pronouncements that she had made plans to assassinate President Ferdinand R. Marcos Jr., his wife and the speaker of the House of Representatives, who is Mr. Marcos’s cousin.A little over three years ago, Ms. Duterte and Mr. Marcos, both scions of notorious political dynasties, joined forces to run together in a national election. They promised national unity and were elected…
In physics, the “observer effect” is an observer’s impact on the behavior of the subject being observed. Traders and investors are more than mere observers; they are participants. In such a system, it’s possible to create a feedback loop in which traders’ perceptions impact prices (or even fundamentals), which impacts their perceptions. There may be no better example of this reflexivity than the AI trade as investors move like a flock of starlings. In many instances, riding a stock’s momentum can be advisable. Intuitively, this makes sense. Ultimately, more buyers will drive a stock’s price higher, and more sellers will…
2024 Lincoln Nautilus FordDETROIT — President Donald Trump’s move to impose 10% additional tariffs on imports from China this week affects a small number of U.S. vehicles. But those tariffs are also hitting auto parts, which could increase already heightened vehicle prices for consumers.The U.S. in recent years has imported roughly $15.4 billion to more than $17.5 billion worth of transportation goods from China, including $9 billion to $10 billion in auto parts and accessories for vehicles and tractors, among other special purpose vehicles, according to the U.S. International Trade Commission.The largest impact on actual vehicles will be on on Ford…
An American Airlines plane takes off as a salvage barge with a crane is positioned near the crash site along the Potomac River after a passenger jet collided with a helicopter while landing at Ronald Reagan Washington National Airport (DCA) in Arlington, Virginia, US, on Sunday, Feb. 2, 2025. Al Drago | Bloomberg | Getty ImagesU.S. Transportation Secretary Sean Duffy said he spoke with Trump administration advisor and CEO of SpaceX Elon Musk about reforming the country’s airspace and raised concerns about the military’s use of helicopters in Washington, D.C.’s crowded airspace after a deadly collision last week.”I had a conversation…
Even 20 years later, Joe Buck remembers the nerves before the call of Super Bowl XXXIX in Jacksonville.Buck was just 35 years old in February 2005, the youngest broadcaster ever to call the Super Bowl for the lead television rights holder. In fact, the entire Fox Sports broadcast booth that night — Buck, Troy Aikman and Cris Collinsworth — were Super Bowl broadcast rookies. Collinsworth had some experience as a Super Bowl pregame host, but this was fresh (and nerve-wracking) territory for the trio.To quell his nerves on game day, Buck provided himself a couple of visual cues on his…
MicroStrategy , the software company turned “bitcoin development” firm unveiled a new name and logo ahead of its fourth-quarter earnings report. Going forward, the bitcoin proxy will now be called Strategy, the company said in a press release Wednesday. The revamp comes with a new bitcoin logo and orange brand color, as well as an online merchandise store. A spokesperson for Strategy did not immediately respond to a request for comment. Michael Saylor, the co-founder and executive chairman, is expected to discuss the rebrand on the company’s earnings call Wednesday evening. Strategy first launched as a provider of enterprise software.…
The rejuvenated Disney kept rolling Wednesday, delivering first-quarter results that beat expectations alongside reasons for optimism in the year ahead. Revenue in the three months ended Dec. 31 rose 5% on an annual basis to $24.69 billion, topping expectations of $24.62 billion, according to estimates compiled by LSEG. Adjusted earnings per share (EPS) totaled $1.76, exceeding the consensus estimate of $1.45, LSEG data showed. On a year-over-year basis, adjusted EPS jumped 44%. Shares of Disney fell about 1% to a little over $112 apiece. The stock has been volatile Wednesday. Shares were lower in premarket trading when Disney’s conference call…
