Another earning season is over. The winners? Most of our stocks. Twenty-three out of 33 portfolio names delivered third-quarter reports were deemed good or great by the Investing Club, thanks partly to a still-strong consumer and largely to the massive build out of all things AI. Case in point:...
Friday, December 27, was supposed to be the start of a relaxing holiday weekend. But it was chaos for thousands of small business owners who use Bench, an accounting and tax startup based in Canada that raised $113 million from investors like Bain Capital Ventures and Shopify. That morning, they found...
Check out the companies making headlines in midday trading. Rivian Automotive – Shares popped 19% after the electric vehicle maker's vehicle production and deliveries for 2024 met the company's previously announced guidance. This comes after the company had lowered its production target for the full year in October. U.S....
Rivian electric vehicles (EV) are parked at the Rivian Venice Hub on November 13, 2024 in Venice, California. Mario Tama | Getty ImagesRivian Automotive's 2024 vehicle production and deliveries were in line with the company's previously announced expectations.The electric vehicle maker on Friday said it produced 49,476 vehicles last year,...
Employees works on the production floor of the SUSTAINera Circular Economy Hub at Stellantis NV's Mirafiori complex in Turin, Italy, on Thursday, Nov. 23, 2023. Bloomberg | Bloomberg | Getty ImagesVehicle production by car maker Stellantis in Italy fell by 37% last year, hit in particular by a steep plunge in...
Check out the companies making headlines before the bell. U.S. Steel — U.S. Steel shares slid nearly 8% after President Joe Biden blocked Japanese company Nippon Steel's $14.9 billion takeover of U.S. Steel, saying : "U.S. Steel will remain a proud American company." Biden said the domestic steel industry is a...
Warren Buffett's Berkshire Hathaway outperformed the S & P 500 in 2024 and pulled off its best year since 2021. Class A shares of the Omaha-based conglomerate rallied 25.5% last year, beating the S & P 500's 23.3% return. Berkshire shares topped $700,000 during the year and posted their...
Check out the companies making headlines in midday trading: Tesla — The electric vehicle maker slipped 5% after reporting its first ever annual vehicle deliveries decline . Tesla delivered 1.79 million vehicles in 2024, a drop from 1.81 million in 2023. Constellation Energy — Shares jumped 7% after the...
Tesla posted its fourth-quarter vehicle production and deliveries report on Thursday. Here are the key numbers:Total deliveries Q4 2024: 495,570Total production Q4 2024: 459,445Total annual deliveries 2024: 1,789,226Total annual production 2024: 1,773,443Results for the quarter represented the first annual drop in delivery numbers for Tesla, which reported 1.81 million deliveries in...
Check out the companies making headlines in premarket trading. Synaptics — The semiconductor company climbed 5.9% after announcing a partnership with Google on Edge AI. Through the collaboration, Google's machine learning core will be integrated on Synaptics' Astra hardware. Nvidia — Shares of the chip maker popped 1.7%, marking...
Friday, December 27, was supposed...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
Bill Gates and Warren Buffett speaking at Columbia University.Spencer Platt | Getty Images News | Getty ImagesLegendary value investor Warren Buffett said he has no expertise in artificial intelligence whatsoever, but thanks to Bill Gates, he took a crack at the buzzy chatbot ChatGPT."I think it's something I don't...
Paul Morigi | Getty Images Entertainment | Getty ImagesWarren Buffett said Americans should not be concerned about their bank deposits in the wake of the latest financial shock in the sector and the government would ensure no depositor in this country lost a dime."People shouldn't be worried about losing...
Scientific Financial Systems was proud to attend the CFA Society of Boston’s Annual Market Dinner event in Boston last night. It was a great turnout from the Boston investment community.Morgan Housel delivered an excellent keynote talk about market risk and investor behavior. His talk built on the major themes...
Warren Buffett 's Berkshire Hathaway has snapped up more shares of Occidental Petroleum , taking advantage of sliding oil prices amid the spreading banking crisis. The Omaha, Nebraska-based conglomerate bought 7.9 million shares in multiple trades on Monday, Tuesday and Wednesday, a new regulatory filing showed. The average price...
