MONTREAL — When Austin Kaiser arrives at a PGA Tour stop, he first does his homework: He walks every inch of the golf course for his player, Xander Schauffele. Maybe he talks to a few other caddies along the way, chatting with a buddy or two as he scribbles notes and maps greens in his yardage book. But if Kaiser finds something — a particular yardage that might be useful, a piece of relevant information about the 18-hole conundrum ahead — he resists the urge to share it. Kaiser, now a two-time major-winning caddie, has learned to keep his lips…
Author: usaeverydaylife
Look to a few major mythological characters in the Greek pantheon that are marvelous representations for the world’s economic superpowers: Atlas, Sisyphus and Narcissus. This summer, the World Bank raised its forecast for global growth to 2.6% from 2.4% this year. The increased growth estimate was the result of expectations for the U.S. to grow 2.5%, compared to an estimated 1.6% rate at the beginning of 2024. That bump in expected U.S. growth accounted for 80% of the upgrade to global expansion prospects. In short, the world is standing on the shoulders of the United States as America acts as…
What’s good for memory chipmaker Micron Technology is good for stocks tied to data centers and AI-enabled consumer electronics — two tech trends with robust representation in the Club portfolio. Shares of Micron soared on Thursday following after-the-bell quarterly beats on earnings and revenue and rosy guidance. The Micron pop led to broad-based early strength in semiconductor stocks and other tech names. Despite a cooling off of that rally in afternoon trading, the reasons for the move remain sound: the artificial intelligence boom is driving business at Micron. While not in the portfolio, we’re looking at Micron and its various…
ATHENS, Ga. — The fans walking into a Georgia baseball game on an April afternoon cannot look in on the football practice taking place across from the stadium. But there is no escaping the booming, amplified voice radiating over Rutherford Street.“Take his f—ing job!”“His ass wants to quit!”“Do it again! Get it right!”Kirby Smart roams the practice field holding a microphone, peppering his players with … feedback between each rep. Several dozen visitors, including donors, high school coaches and recruits, are treated to a colorful two-hour soundtrack of Smart’s gravelly South Georgia accent.Nick Saban had his straw hat. Jim Harbaugh,…
Nvidia might have to look outside of its artificial intelligence empire to acquire some key data center-related technologies, according to Susquehanna Financial Group. Analyst Christopher Rolland said Nvidia has “two glaring holes” for potential acquisition within optical and analog networking. “As NVIDIA attempts to further solidify its lead in both systems and networking, we believe it may increasingly look to insource or acquire optical and/or analog interconnect technologies, companies, or divisions,” Rolland said in a Thursday note to clients. “As GPU clusters scale linearly, the need for interconnections grows exponentially.” Optical technologies in data centers have a variety of purposes…
Check out the companies making headlines in midday trading. Micron Technology , chip stocks — Shares surged nearly 13% after the memory chipmaker issued strong guidance as the rise of AI heightens demand for its products. Other chip stocks rose alongside, with Applied Materials , ASML Holding and Lam Research last up about 4% each. Super Micro Computer — Shares plummeted more than 12% following a report from The Wall Street Journal that the Justice Department has opened a probe into the AI server maker. Southwest Airlines — The airline jumped 11% after it raised its third-quarter revenue forecast and…
Jaque Silva | SOPA Images | Lightrocket | Getty ImagesSuper Micro Computer shares fell more than 12% on Thursday after the Justice Department reportedly opened a probe into the company, which has been a major beneficiary of the artificial intelligence boom.The probe is in its early days, according to a report from The Wall Street Journal, and it comes after Hindenburg Research disclosed a short position in the company in late August. Hindenburg said it identified “fresh evidence of accounting manipulation,” according to its report. CNBC could not independently verify Hindenburg’s claims. Super Micro makes computers that companies use as servers for websites, data…
Major League Baseball didn’t ask for Hurricane Helene to interrupt what is shaping up to be two fantastic wild-card races. But the league isn’t blameless in avoiding the worst-case scenario announced Wednesday: the potential for the Atlanta Braves and the New York Mets to play a doubleheader Monday, the day before postseason play begins.The ripple effects of the announced postponement of Wednesday’s and Thursday’s games, a series that could decide both teams’ seasons, are enormous. The competitive disadvantages of playing 18 innings before a Wild Card Series can’t be overstated. (Though if, somehow, one or both games aren’t needed then…
U.S. investors have heard the investment adage “Don’t fight the Fed,” which suggests investors should not make investments contrary to the policy objectives of the nation’s central bank. This is because monetary policy, whether through interest rates or asset purchases (aka “quantitative easing” or, effectively, money printing), has profound implications for asset prices, borrowing costs, and market sentiment. The Fed effectively cut rates to zero during the pandemic plunge, and the S & P had an extraordinary bull market. The Fed began raising rates in early 2022 (an action the market had anticipated due to persistently high inflation), and the…
Former mayor of New York City and former Trump lawyer Rudy Giuliani reacts at the Nassau Veterans Memorial Coliseum during a rally held by Republican presidential nominees and former U.S. President Donald Trump, in Uniondale, New York, U.S., September 18, 2024. Brendan Mcdermid | ReutersFormer New York City Mayor Rudy Giuliani is officially disbarred from practicing law in the nation’s capital over his efforts to overturn Donald Trump’s 2020 election loss based on false claims of widespread fraud, a court ruled Thursday.The decision by a three-judge panel on the District of Columbia Court of Appeals was just the latest blow for…
