Apple’s stock had a turbulent April 7. It took two competing reports and most of a trading session to stabilize. Shares fell as much as 5% after Nikkei Asia reported engineering setbacks in the early test production phase of the company’s first foldable iPhone. Then Bloomberg‘s Mark Gurman reported that the device remains on track
Broadcom (AVGO) stock is up, trading 4.28% higher at $348.27 at the time of writing, Wednesday morning, April 8, according to Yahoo Finance. The company settled an important question for many investors, and they are reacting positively. The question is, how secure are Broadcom’s revenue streams? The company’s CEO, Hock Tan, previously addressed this question
Eli Lilly, the pharmaceutical giant, secured an important victory in the intensifying war against diabetes and obesity. Earlier this month, the drugmaker confirmed that the U.S. Food and Drug Administration (FDA) had approved Foundayo (orforglipron), a once-daily oral GLP-1pill for chronic weight management in adults with obesity and overweight conditions. The approval, which came ahead
Starbucks has spent decades owning the morning. Now it wants the afternoon, too. The company launched its new Energy Refreshers in U.S. coffeehouses on April 7, a boosted version of its existing Refreshers line that adds extra caffeine from natural sources and B vitamins. The launch is part of a deliberate push by Starbucks to
A fresh military contract just might signal momentum and stability for Boeing (BA). The U.S.-based multinational that designs and builds airplanes, helicopters, rockets, satellites, and missile systems for customers around the world also offers leasing and support services for its products. Boeing ranks among the largest aerospace manufacturers globally and is one of the top
Technology stocks have had a rough stretch. Goldman Sachs thinks that is exactly the point. In a research note published April 7, Goldman Sachs strategists led by Chief Global Equity Strategist Peter Oppenheimer, argued that the sell-off in tech has pushed valuations to levels not seen in decades, creating what they described as a buying
Most Wall Street analysts cover Nvidia with spreadsheets built on earnings estimates and price-to-earnings ratios. UBS has a different tool entirely, and what it is saying about Nvidia is striking. UBS HOLT, the firm’s proprietary cash flow-based valuation framework, says Nvidia’s share price should be 400% higher than where it currently trades. That would put
Oil prices tumbled on April 8 after the U.S. and Iran agreed to a two-week ceasefire, with Brent crude falling about 13% and West Texas Intermediate posting its biggest single-day drop since April 2020, according to World Oil. Markets reacted to the prospect of Hormuz reopening. Bank of America thinks the reaction missed the point.
During a challenging economy many American consumers cut down on luxury item spending. They might be able to justify a new car, a new TV, or some other purchase that meets a practical need, but it’s hard to make the decision to buy jewelry when you’re worried about your finances. The change was noticeable during
Most people approach retirement savings with a binary mindset: either a Roth IRA or a traditional IRA, never both at once. That either-or framework has shaped how millions of Americans save, and for many, it has left real money on the table. Vanguard, the firm managing more than $11.9 trillion in global assets, is pushing