(Reuters) -A trio of Federal Reserve policymakers on Monday expressed support for gradual U.S. interest-rate cuts, citing the strength of the economy and an uncertain outlook. The remarks — from Kansas City Fed President Jeffrey Schmid, Minneapolis Fed President Neel Kashkari and Dallas Fed President Lorie Logan — feed into what’s expected to be a broad debate of the appropriate path for policy at the Fed’s upcoming policy meeting, on Nov. 6-7. After Friday, U.S. central bankers will observe a communications blackout — abstaining from any public comments on their monetary policy views — until the Fed announces its policy…
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They clearly took one analyst’s bearish new research note to heart. American Express (AXP -2.19%) stock wasn’t putting any investor on the fast track to wealth on Monday. The market continued to be bearish on the credit card company following its Friday morning release of third-quarter results, and news of a bearish new research note didn’t help. Ultimately, AmEx’s shares closed down by more than 2% on the day, comparing not so favorably to the S&P 500 index’s 0.2% dip. The bears continued to growl AmEx’s quarterly performance wasn’t bad at all, with decent year-over-year rises in both revenue and…
Electric vehicle makers are facing multiple headwinds, including slowing demand due to macro pressures, intense competition, and additional tariffs on imports by certain countries. Nonetheless, Wall Street is optimistic about certain EV stocks due to their resilient performance in a tough business backdrop and improving financials. We used TipRanks’ Stock Comparison Tool to place Nio (NIO), Li Auto (LI), and Tesla (TSLA) against each other to pick the EV stock with the highest upside potential, according to Wall Street analysts. Shares of Chinese EV maker Nio are down more than 42% year-to-date even after witnessing a solid rally in September…
Despite its failed car project, Apple’s ambitious venture into the automotive industry left a lasting impact on the electric vehicle world. The company’s partnership with BYD, a little-known Chinese automaker at the time, proved to be a pivotal moment for both companies. BYD, leveraging Apple’s advanced battery technology and design expertise, rapidly emerged as a global leader in electric vehicle manufacturing. The partnership between Apple and BYD was more than just a business arrangement; it was a collaboration that pushed the boundaries of what was possible in battery technology. Apple’s deep understanding of product design and its commitment to innovation,…
Leslie J. Kilgore, a director at Netflix Inc. (NASDAQ:), recently sold shares of the company’s common stock valued at approximately $273,870. The transaction, which took place on October 18, involved the sale of 358 shares at a price of $765 each. The sale was part of a pre-arranged trading plan under Rule 10b5-1, which Kilgore adopted on January 29, 2024. On the same day, Kilgore also exercised options to acquire 358 shares at a price of $174.74 per share, totaling $62,556. Following these transactions, Kilgore holds 35,262 shares of Netflix common stock. In other recent news, Netflix has been the…
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Macroeconomic uncertainties, mounting geopolitical tensions and a desire to hedge against inflation have given gold — the classic “safe haven” asset — a blistering rally. Spot gold prices have soared above $2,700 an ounce, rallying for the fifth day on Monday to hit another record high of over $2,733 an ounce. Year-to-date, spot gold is up over 30%. And Michael Widmer, head of metals research at Bank of America, says it has further to go. ‘If gold doesn’t rally now, then I’m not sure when it ever will. Actually, I think the fundamental backdrop looks actually quite good,” he told…
Jeff Horing, a director and significant shareholder of nCino, Inc. (NASDAQ:NCNO), has sold a substantial portion of his holdings in the company. According to a recent SEC filing, Horing disposed of 1,833,975 shares of common stock on October 18, with prices ranging from $36.50 to $36.65 per share. This transaction amounted to a total value of approximately $67.17 million. Following this sale, Horing continues to hold a significant position in nCino, with 12,513,467 shares remaining under indirect ownership. The transactions were conducted under a pre-arranged Rule 10b5-1 trading plan, which was adopted on April 10, 2024. In other recent news,…
Karole Morgan-Prager, Chief Legal and Administrative Officer at BlackLine, Inc. (NASDAQ:), has recently sold a significant portion of her holdings in the company. According to a recent SEC filing, Morgan-Prager sold 27,079 shares of common stock on October 18, 2024, at an average price of $60.06 per share, resulting in a total transaction value of approximately $1.63 million. In addition to the sale, Morgan-Prager exercised stock options to acquire a total of 27,079 shares at a price of $14.00 per share. These transactions were conducted under a Rule 10b5-1 trading plan that Morgan-Prager adopted earlier in the year, ensuring that…
Investing.com — AI-darling NVIDIA’s (NASDAQ:) stock closed at another new all-time high on Monday as it continued its meteoric rise. The stock closed up 4.14% to $143.71 and is now up 190.2% year-to-date. Gains come after Taiwan Semiconductor Manufacturing (NYSE:), which counts NVIDIA as one of its largest customers, said late last week that AI demand is “real” and “sustainable”. TSMC said they now see the revenue contribution from server AI processors to more than triple this year, and account for mid-teens percentage of their total revenue in 2024. In addition, large client Microsoft Corporation (NASDAQ:) is said to have increased its…