These stocks have led the Dow Jones Industrial Average higher in August, and investors believe all but two of them are poised for more upside. This comes as the month has been a volatile one for stocks. In early August, lackluster jobs data for July sparked fears that the U.S. economy was headed for a recession, sending the market into chaos. That global market sell-off saw the Dow post its worst day in almost two years , dropping more than 1,000 points. The session marked the biggest daily loss since September 2022 for the blue-chip index, as well as the…
Author: usaeverydaylife
Mike Tirico is seen on the set of NBCUniversal Paris 2024 Olympics coverage on August 04, 2024 in Paris, France. Kristy Sparow | Getty ImagesComcast’s NBCUniversal has a longstanding bet on the Olympics, but this summer the company threw all of its resources at the Games in a bid to grab more viewership — especially for its growing streaming platform, Peacock.It appears to have paid off so far — more than 30 million people tuned in to NBC’s TV and streaming platforms to watch the games, and a record $1.2 billion in advertising revenue was generated.NBC executives, having touted the Olympics…
As the second-quarter earnings season wraps up, Goldman Sachs has its eyes on a collection of internet stock picks that the Wall Street bank is optimistic on following their latest results. Goldman noted several key themes that drove the earnings season, including the return on invested capital (ROIC) for stocks tied to artificial intelligence spending, as well as the health of U.S. consumer spending. Looking ahead, Goldman thinks the visibility of profits on AI-related investment is murky, at the same time as online consumer spending is slowing and more focused on necessities. Against this backdrop, Goldman listed a collection of…
A sign that reads “Epic Intergalactic Headquarters” on campus.Epic SystemsDorothy Gale was right — the Land of Oz is not in Kansas. Rather, it’s nestled within the rolling green fields of Verona, Wisconsin, a town of nearly 16,400 people located about 10 miles southwest of the capital city of Madison.Verona is home to the whimsical, sprawling 1,670-acre headquarters for Epic Systems, one of the biggest privately held U.S. tech companies. Epic’s software is seemingly ubiquitous across hospitals and clinics, storing the medical records of more than 280 million people in the U.S.While the company’s workforce is tasked with the hefty…
PDD ‘s tumble of nearly 30% last week on disappointing quarterly results is a reminder that China’s consumer has largely moved on from its years of double-digit growth. The slowdown shows few signs of turning around soon. That doesn’t mean it’s a sell across the board. PDD’s revenue grew by nearly 90% from a year ago, while profit more than doubled, pointed out Charlie Chen, managing director, head of Asia research, at China Renaissance Securities. “The reaction of its stock price is out of touch with its fundamentals,” he said in Mandarin, translated by CNBC. “The entire Chinese consumer market…
With the Federal Reserve expected to cut interest rates in September, dividend-paying stocks could be set to outperform.That is because the dividend yields on these names will look more attractive compared to the returns offered by other income-generating assets, including bonds.Given the vast universe of companies paying dividends, it could be difficult for investors to select the right stocks. Investors may want to consider top analysts’ recommendations as they select attractive dividend stocks with strong financials.Here are three dividend stocks, highlighted by Wall Street’s top pros on TipRanks, a platform that ranks analysts based on their past performance.EPR PropertiesThis week’s first dividend stock…
Many hotel chains are racing to replace the plastic room key with digital options, including Apple Wallet and Google Wallet apps. Plastic hotel key cards have had a rough few years. During the pandemic, touch was taboo, so touchless trends accelerated. And cybersecurity concerns have mounted around hotel key technology. Earlier this year, researchers found a vulnerability in plastic hotel keys that could render up to three million keys easy prey for hackers and take years to fix.Cybersecurity and safety issues have prompted many hotel chains to accelerate plans to transform hotel room door locks. While major U.S. chains have had the digital…
Owning isn’t always what it’s cracked up to be.For many reasons — including affordability — more Americans are choosing to rent everything from cars and apartments to clothing and furniture these days, according to a report by Intuit Credit Karma.Far beyond the traditional tuxedo, the rental industry has expanded in recent years to include power tools, musical instruments, designer handbags, baby gear and even funeral caskets.Now, 28% of adults routinely rent goods and services, Credit Karma found. However, when factoring in housing, that percentage jumps to 47%. The growing share of renters is largely due to higher prices, although some people…
Rachel Goldberg and Jonathan Polin, parents of Hersh Goldberg-Polin who was taken hostage in the Oct. 7 Hamas attacks, attend a demonstration by the families of people taken captive calling for their release, near Kibbutz Nirim in southern Israel by the border with Gaza on Aug. 29, 2024.Jack Guez | AFP | Getty ImagesHersh Goldberg-Polin, an Israeli American taken hostage in the Oct. 7 Hamas terror attacks, is among six hostages whose bodies were recovered Saturday.”With broken hearts, the Goldberg-Polin family is devastated to announce the death of their beloved son and brother, Hersh. The family thanks you all for…
Japan lodged a protest with China after one of its naval survey vessels entered Japanese waters on Saturday, the second incursion into its territory by the Chinese military in less than a week.An uptick in Chinese military activity near Japan and around Taiwan in recent years has stoked concerns in Tokyo. Japan has responded with a defense buildup that it says aims to deter Beijing from using military force to push its territorial claims in the region.The ship was detected off the coast of Kagoshima Prefecture, in Japan’s southwest, at around 6 a.m. local time (2100 GMT Friday), and departed…
