Alphabet investors were in for a rollercoaster ride as the tech giant reported its second-quarter earnings. While the company managed to exceed expectations, the news of lower-than-expected YouTube advertising revenue sent shares tumbling by about 5%. This decline was further exacerbated by Alphabet’s announcement of plans to significantly increase capital expenditures in order to meet
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The recent success of the Dormitory Authority of the State of New York (DASNY) in selling $1.2 billion of revenue bonds is a testament to the robust demand for highly rated state bonds in a calm market environment. According to DASNY spokesperson Jeffrey Gordon, last week’s bond sale was a success due to the favorable
One of the companies set to report financial results in the coming days is Starbucks, a popular coffee chain that has faced some challenges leading up to its earnings release. Analysts have revised their earnings estimates for Starbucks downward a total of 43 times in the past three months, indicating a lack of confidence in
Willow Bay and Bob Iger have recently acquired a controlling stake in Angel City Football Club, the most valuable women’s professional sports team in the world. This investment, whose exact amount remains undisclosed, has put the team’s value at an impressive $250 million. In addition to this initial investment, Bay and Iger have committed to
The landscape of the senior housing industry is poised for significant growth as the American population continues to age. Bank of America analysts have highlighted the potential for senior housing stocks to thrive in the coming years. Among these promising names is Ventas, a real estate investment trust that offers investors a dividend yield of
With over 10,000 Olympic athletes gearing up for the upcoming games in Paris, the city is set to be a hub of sportsmanship and competition. However, while athletes may be excited to showcase their talents, it seems that potential tourists are less enthusiastic about visiting Paris during this time. Delta Air Lines has reported a
Bybit, the world’s second-largest web3 platform by trading volume, has recently announced its partnership with Beach, Please! – Romania’s biggest hip-hop festival. This collaboration aims to offer festival-goers a range of exclusive perks that not only enhance their festival experience but also introduce them to the world of cryptocurrency. One of the exclusive perks offered
Artificial Intelligence (AI) has been a hot topic in the stock market, with leading AI chipmaker Nvidia soaring by nearly 155% this year. While semiconductor stocks and technology giants like Amazon have reaped the benefits of the AI trend, RBC Capital Markets is highlighting some alternative ways to play the theme. RBC Capital Markets views
As we head into the second half of 2024, BTIG has recently updated its list of top stock picks for investors to consider. With the market dynamics constantly evolving, it’s important to stay on top of the latest trends and insights from experts in the field. Let’s take a closer look at some of the
Evercore ISI has carefully curated a list of top stock picks for the second half of 2024 based on market trends and potential growth opportunities. The first half of the year saw significant gains in the equity markets, especially in the technology sector driven by the artificial intelligence boom. While the S&P 500 advanced by