X, the social media site led by Elon Musk, is cooking up something new called "Smart Cashtags. " This feature, set to launch next month, will let users keep an eye on the ups and downs of crypto and stock prices as they happen. One sneak peek of this feature even hints at a big change: buying and s
You might not think about it, but hot weather can actually affect your investments. A recent study found that extreme heat waves since 1979 have led to a drop in stock prices by up to 3. 1%. Europe tends to experience more severe heat waves than the U. S. , but Americans are more concerned about rec
In a recent internal memo, Microsoft has decided to press pause on hiring within its U. S. consulting unit. This move is part of the tech giant's bigger plan to tighten its belt and cut costs. Just last week, Microsoft announced it would be letting go of some employees, a move that will affect less
When Brian Thompson, CEO of UnitedHealthcare, was killed in Manhattan, it made headlines worldwide. Yet, the stock market seemed unfazed. UnitedHealth's stock barely moved on the day of the tragedy, only dipping later. This could suggest that the company's success isn't tied to one person. UnitedHea
Have you ever wondered how well stock prices and trading volume can be analyzed together? Scientists have come up with a tweaked version of an existing model, called the Barndorff-Nielsen and Shephard stochastic volatility model. Instead of trying to figure out instantaneous variance, which is hard
Tech giants like Microsoft, Meta, Amazon, and Apple are splashing out billions on artificial intelligence (AI). It's not just about making more money; they're investing heavily in AI development. Meta, for example, plans to spend $40 billion on AI next year alone. Even Microsoft is cautious, warning
In a surprising turn of events, a federal bankruptcy judge in Delaware admitted an error in a previous ruling on Yellow Corp’s pension claims. The company, which filed for bankruptcy in August 2023, was initially told that its shareholders might have to pay out more than expected for pension claims.
Yesterday, SS&C Technologies Holdings (SSNC) caught the attention of Wall Street again. Analyst James Faucette from Morgan Stanley took a close look and decided to maintain a Hold rating on the stock. He set a price target of $70. 00. But why the Hold rating? Let's dive in. SS&C Technologies is doi
Tesla is making investors happy again after a dip. Shares jumped 16%, one of the best performances ever. Analysts from Bank of America and Goldman Sachs are sharing insights into Tesla's impressive earnings report. Tesla's auto gross margin, excluding regulatory credits, was 17. 05% in the last qua
CVS Health is facing a challenge. Their stock prices are falling, and healthcare costs are skyrocketing. The money coming in from their pharmacy services isn't enough. To tackle this, they're thinking about a significant change: splitting their retail stores from their health insurance business. The
