Yahoo Finance New Hertz CEO Bets $1 Million on the Battered Stock
Gil West, who became the head of car-rental firm Hertz April 1, just bought a large block of stock on the open market.
Gil West, who became the head of car-rental firm Hertz April 1, just bought a large block of stock on the open market.
Here's what he predicts for Nvidia.
The Federal Reserve held interest rates at a 23-year high Wednesday while scaling back its estimate of rate cuts this year to one.
The project is expected to be completed by the third quarter of 2027.
Nvidia and a handful of other U.S. stocks have become almost synonymous with artificial intelligence. But investors willing to venture into emerging markets can find companies that are also critical for making AI a reality—at bargain prices compared with many stateside options. Companies cashing in on AI include those in Taiwan, South Korea, and parts of southeast Asia. “If you are looking for AI, emerging markets is the place to look,” says Anthony Sassine, senior investment strategist for Krane Funds Advisors.
Loo’s latest purchase brings his total stake (direct and deemed interest) in Raffles Medical Group to 54.58%.
Berkshire Hathaway CEO Warren Buffett appears to be taking advantage of a drop in the price of the energy company’s shares.
After a cooler-than-expected inflation reading on consumer price increases in May, investors are turning focus to the Federal Reserve decision at 2 p.m. ET.
A tough new raft of U.S. sanctions sent jitters rippling through the Russian financial system Thursday and forced Moscow’s main financial trading platform to halt dollar and euro transactions, further raising the cost of President Vladimir Putin’s war against Ukraine. The sharp escalation in sanctions by the Treasury Department prompted former Russian president and prime minister Dmitry Medvedev, now a senior security official, to call on the population to “inflict maximum harm” on Western socie
Tesla says shareholders have again approved a record-breaking pay deal for billionaire Elon Musk.
Investors are continuing to weigh signs of cooling inflation and a hawkish shift in the Fed's view on rate cuts.
(Reuters) -Apple has become the first brand to cross $1 trillion in brand value, a 15% jump from last year, while chipmaker Nvidia's value has nearly tripled, a global ranking by Kantar's BrandZ showed on Wednesday. The iPhone maker retained its crown as the world's most valuable brand for the third straight year in 2024, followed by Alphabet's Google at $753 billion and Microsoft at $713 billion, Kantar said. Earlier this week, Apple unveiled new AI features, which are expected to rekindle demand for iPhones and reverse a sales decline for its biggest-selling product due to choppy consumer spending and resurgent tech rivals.
Apple stock is soaring this week, thanks to the artificial intelligence strategy the tech company announced Tuesday. Hedge funds might be helping, too—and both factors can push Apple shares even higher.
Citron Research no longer has a short position in retail traders' favorite GameStop, the short seller said on X.com on Wednesday, days after taking a bearish position in the company. Andrew Left, Citron Research's founder, had said last week he was again betting against GameStop, although his position was "significantly lower" from 2021 when he was forced to close his position after retail traders banded together in online forums and drove an eye popping rally in the stock, squeezing hedge funds. Left told Reuters he would short GameStop again if the stock reached a $45-$50 level.
(Reuters) -Broadcom raised its annual forecast for revenue from chips that help in artificial intelligence work by 10% on Wednesday, and announced a stock split to take advantage of a rally in its shares this year. The company expects $11 billion in revenue from AI-linked chips in 2024, up from its previous forecast of $10 billion. Broadcom manufactures advanced networking chips that help move around vast amounts of data used by AI applications such as OpenAI's ChatGPT, making it one of the beneficiaries of businesses heavily investing in the boom.
Here are three favorably valued top-rated tech stocks to consider after being added to the Zacks Rank #1 (Strong Buy) list on Wednesday.
Tesla shareholders voted in favor of a huge compensation package for CEO Elon Musk, endorsing the potential windfall after a Delaware court invalidated it, a company official said Thursday.The package was originally approved by investors in 2018, but a Delaware court struck it down in January 2024, prompting Tesla to launch a campaign to revive it.
Gold prices could surge up to $3,000 over the next 12 months, Citi analysts said, as a combination of strong physical demand, central bank purchases, and macroeconomic factors continue to support a bullish outlook for the yellow metal.
In recent developments, the global financial landscape is witnessing significant technological advancements, as illustrated by major banks like Santander rolling out sophisticated cloud-based platforms. This trend underscores the importance of innovation and adaptability in today's dynamic market environment. In this context, selecting dividend stocks that not only offer attractive yields but also demonstrate resilience and strategic foresight in adapting to new technologies is crucial for...
Gamestop's highly-anticipated shareholder meeting ran into a technical problem Thursday — resulting in many eager investors being unable to log on to the livestream. A spokesperson for Computershare, the company hosting the webcast, confirmed that “unprecedented demand" from shareholders looking to access the meeting led to a “technical issue” that prevented some from getting through. “We’re really sorry that this happened and are working with our supplier to ensure that it does not happen again,” the spokesperson said in a statement sent to The Associated Press Thursday afternoon.
May's CPI showed inflation is cooling, raising investor hopes for Fed rate cuts.