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Economy, Energy

“Oil Holds Above $90 After Middle East Tensions Push Brent Higher”

“…The global benchmark Brent earlier pierced $91 a barrel, before trading little changed. The focus has shifted to a dramatic repricing of geopolitical risk, after Israel increased preparations for a potential retaliation by Tehran to a strike on an Iranian… Continue Reading…

Business

“[Amazon]… It Soared 950% Over the Last Decade and It’s Still a Top Buy”

“…Despite gaining 950% over the past decade, analysts at JPMorgan Chase still selected Amazon as their “best idea” in 2024, citing three reasons the company could create more shareholder value…” https://finance.yahoo.com/news/meet-newest-artificial-intelligence-ai-085500319.html

Business

[Soccer] “Tottenham reports record $691M revenues and says it’s ‘in discussions with prospective investors'”

“Tottenham recorded a 24% increase in total revenues for 2022-23 to reach a record 549.6 million pounds ($691 million) and said it was “in discussions with prospective investors.”… However, operating expenses including first-team costs rose by 21% to 487.9 million… Continue Reading…

Economy

“53% of Americans surveyed feel they are behind on retirement planning and savings, CNBC poll finds”

“…CNBC’s International Your Money Financial Security Survey polled about 500 people each in nine countries. Of the 498 people surveyed in the U.S., more than half (53%) said they’re behind schedule in retirement planning and savings. The poll was conducted by… Continue Reading…

Business, Stocks

“Private equity firm Silver Lake to take entertainment company Endeavor private at $27.50 a share”

“Private equity firm Silver Lake announced Tuesday that it’s acquiring entertainment company Endeavor Group Holdings for $27.50 a share. Endeavor’s stock rose more than 2% Tuesday afternoon after a brief halt ahead of the announcement. It was trading just under $26 per share. Silver… Continue Reading…

Economy

“Turkey’s inflation climbs to 68.5% despite continued rate hikes”

“Turkey’s annual inflation rose to 68.5% for the month of March, an increase on February’s 67.1% inflation read, according to the Turkish Statistical Institute’s report released Wednesday. The monthly rise in consumer prices came out at 3.16%, led by education, communication,… Continue Reading…

Business, Stocks

‘Intel shares fall after company reveals $7 billion operating loss in foundry business”

“Intel shares fell 4% at one point in extended trading Tuesday after the company revealed long-awaited financials for its semiconductor manufacturing business, commonly called the foundry business, in an SEC filing. Intel said its foundry business recorded an operating loss of $7 billion… Continue Reading…

Economy

“Canoo Stock Drops 26% After Fourth-Quarter Earnings and Sales Outlook”

https://finance.yahoo.com/m/f7d39bb4-ef0f-34db-8624-7760930e20c8/canoo-stock-drops-26-after.html Article behind paywall. Anyways, EV’s suck.They are not the future. Companies are going to figure this out the hard way it seems.

Business, Stocks

“Tesla shares fall after deliveries drop 8.5% from a year ago”

“Tesla shares fell on Tuesday after the company reported a drop in vehicle deliveries in the first quarter, the first annual decline since 2020, when the global pandemic disrupted production. Here are the key numbers: Total deliveries Q1 2024: 386,810Total production… Continue Reading…

Stocks

“Stock market…Stocks slide as oil, yields touch 2024 highs”

“…The Dow Jones Industrial Average (^DJI) closed down about 1%, or nearly 400 points, setting the blue-chip index back from a bid to reach the key 40,000 level. The S&P 500 (^GSPC) shed about 0.7%, while the tech-heavy Nasdaq Composite… Continue Reading…