Sunnier skies are ahead for Best Buy J.P. Morgan argued on Friday. Analysts led by Christopher Horvers upgraded shares of the electronics retailer to Overweight from Neutral and raised their target for the price to $101 from $89. Last month, Best Buy topped earnings estimates, delivered financial forecasts for fiscal 2025 that were largely in line with expectations, and offered positive commentary.
Apple reported better-than-expected Q2 earnings and increased its dividend to $0.25 per share.
Bill Gates, the co-founder of Microsoft Corp. and a renowned philanthropist, has been slipping down the ranks of the world’s billionaires. Despite boasting a net worth of nearly $128 billion, Gates is at No. 9 on the Forbes Billionaire Index, a significant drop from his previous position at No. 7 a month ago. This marks his lowest ranking since 1990 when he ranked 16th. Gates has been recognized not only for his immense wealth but also for his environmental advocacy, which makes his ownership of
The company has been very clever about harnessing technology to help improve performance.
(Bloomberg) -- In a move fitting for one of the largest companies in the world, Apple Inc. just announced the biggest US buyback ever, saying its board approved an additional $110 billion in share repurchases. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaUS and Saudis Near Defe
Apple CEO Tim Cook boasted about the company's upcoming generative AI plans during the iPhone maker's Q2 earnings call.
These potential stock-split stocks could help patient investors turn a profit in the market.
AMD's new MI300X processor is expected to challenge Nvidia's AI market dominance.
(Bloomberg) -- A company tied to Intel Corp.’s expansion of computer chip factories in Arizona is selling $3.85 billion of investment-grade bonds on Thursday. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineTurkey Confirms All Trade Halt With Israel Over War in GazaHuawei Secretly Backs US Research, Awarding Millions in PrizesBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaUS and Saudis Near Defense Pact Meant to Reshape Middle EastFoundry JV Hol
Management is taking action, signaling it believes its shares are significantly undervalued.
Warren Buffett, one of the most successful investors of all time, is still going strong at 93 years old. However, he is not unaware of his eventual mortality, saying "I feel good but fully realize I am playing in extra innings." Like any good CEO, he's been thinking about his succession planning. Greg Abel, who runs Berkshire Hathaway's (NYSE:BRK) non-insurance business operations, is set to succeed Buffett as CEO when Buffett passes. While some investors in Berkshire fear that the stock will se