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Business

“Salt water is making electric cars blow up after Hurricane Helene”

“…Salt water exposure can damage the battery components in electric vehicles, potentially leading to dangerous chemical reactions that could cause the vehicle to catch fire. Residents who may have left electric vehicles behind when they evacuated from affected areas are… Continue Reading…

Stocks

“Major global chip stocks rally on Micron’s surge; ASML up 4%”

“Global chip stocks rallied on Thursday after U.S. memory semiconductor maker Micron posted revenue guidance that topped expectations and boosted its share price. Samsung Electronics and SK Hynix both saw their shares rise on Thursday in South Korea. Dutch semiconductor… Continue Reading…

Business

“U.S. considers a rare antitrust move: breaking up Google”

“A bid to break up Alphabet Inc.’s Google is one of the options being considered by the Justice Department after a landmark court ruling found that the company monopolized the online search market, according to people with knowledge of the deliberations…”… Continue Reading…

Economy, Predictions, Opinions, & Comments, Stocks

Now They’re Scared: “The Fed warns of social media ‘echo chambers’ that pump up meme stocks.”

“…“To date, the broad financial stability implications of changes in retail equity investor characteristics and behaviors have been limited,” the Fed said. The central bank specifically assessed what happened to shares of AMC Entertainment and GameStop in January, noting that activity and… Continue Reading…

Economy

“The US debt is about to hit $35 trillion. It didn’t come up at the GOP convention.”

“…Outstanding government debt stood at $34.9 trillion ($34,940,154,000,000 to be somewhat more precise) as of Tuesday, according to the latest data from the Treasury Department. That’s a debt load that now represents over 120% of GDP. Earlier this year, the cost… Continue Reading…

Stocks

“Vanguard’s Top ETF Is Up 24% This Year. Here’s Another ETF Up Twice As Much.”

“…Most investors would probably be happy with these returns. However, those who want even bigger gains might want to check out the VanEck Semiconductor ETF (NASDAQ: SMH). This ETF has soared a whopping 48% year to date… This year’s big returns aren’t… Continue Reading…

Stocks

“3 “Magnificent Seven” Stocks That Can Plunge Up to 86%, According to Select Wall Street Analysts”

“Meta Platforms: Implied downside of 24%… Nvidia: Implied downside of 31%… Tesla: Implied downside of 86%…” https://finance.yahoo.com/news/3-magnificent-seven-stocks-plunge-090600935.html This is not hard to predict. When the market crashes tech stocks will take a major hit. Personally I don’t like either Meta… Continue Reading…

Stocks

“Bank of America Predicts up to ~200% Surge for These 2 ‘Strong Buy’ Stocks”

“Sutro Biopharma (STRO)… “We think that luvelta has the potential to treat up to 80% of PROC patients, a significant improvement over the ~30% eligible for AbbVie’s Elahere (approved FolRα ADC)… Overall, the Strong Buy consensus rating on STRO is based… Continue Reading…

Business, Stocks

“Trump Media is up 92% since launching a crusade against short sellers”

“…The parent company of Donald Trump’s Truth Social released a press release on Monday, explaining to its retail investor base how to recall shares from short-sellers. “TMTG wants to clarify that if shares are currently on loan by brokerage firms to facilitate… Continue Reading…

Stocks

“Apple stock will soar 36% as it gears up to launch an AI-enable iPhone, BofA says”

“…Apple stock is a “top pick” for 2024 and has potential upside of 36% as it gears up for the launch of an AI-enabled iPhone, according to Bank of America. The bank reiterated its “Buy” rating and $225 price target for… Continue Reading…