If you're on the lookout for a sector to invest in as 2024 comes to a close, healthcare could be a smart choice. Historically, the Health Care Select Sector SPDR Fund (XLV) has seen November gains in eight out of the past ten years. Moreover, it has moved upwards in December in four of the last five
Hurricane Milton is making waves in the insurance industry. Though it's lost some steam, dropping to a Category 4 storm, experts warn that it's still a major threat. The hurricane is expected to hit Florida's west coast sometime on Wednesday or Thursday. Analyst Paul Newsome from Piper Sandler says
Jim Cramer, a financial expert from CNBC, advised investors not to be swayed by stock downgrades or daily market fluctuations. He emphasized the importance of sticking with strong companies even when their share prices fluctuate. Cramer recalled the history of the long bull market, noting how downg
PepsiCo has adjusted its expectations for 2024, forecasting a smaller increase in organic revenue due to several issues. Problems like recalled Quaker Foods products, reduced U.S. demand, and international business disruptions have led to weaker-than-expected sales. Pepsi now expects a low-single-di
Early morning trading was a rollercoaster ride for investors. Many US-listed Chinese stocks like online video giant Bilibili crashed by over 13%, with automaker Nio and e-commerce giants JD.com and Alibaba also taking heavy hits. The reason? China's state planner didn't announce any new stimulus pla
Samsung has hit some bumps in the road with its foundry business. Despite trying to catch up to TSMC, the company is struggling with poor yields, especially for its 3nm GAA wafers. Rumors swirled that Samsung might spin off its foundry and logic chip designing operations. But a Samsung executive has
Samsung is having a rough patch in the AI chip market, especially with its HBM segment. The company admitted it couldn't land a major client like NVIDIA. This delay, along with increased competition from rivals like SK hynix and TSMC, hurt Samsung's earnings. Samsung blames its late entry into the
Picture a mining helmet from Rio Tinto. Now, imagine this global giant is eyeing a big purchase – the U.S. lithium producer Arcadium. Both companies have confirmed they're in talks, but details are still under wraps. Arcadium is no small fish. It's valued at around $3.31 billion and saw its Aus
"This weekend, the much-anticipated 'Joker: Folie à Deux' didn’t quite hit the mark it was hoping for. The domestic weekend opening was even lower than initially expected, raking in $37.8 million. Sunday’s earnings dipped by 45% compared to Saturday's $11.3 million. With a production budget of over
The job numbers for September came as a huge surprise. The U.S. Labor Department reported 254,000 nonfarm payroll jobs added—way more than anyone expected. Economists had guessed around 150,000. That's almost like if you were expecting a few extra dollars in your pocket and found a whole twenty inst
