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Amazon Web Services is benefiting from the AI wave. Amazon (AMZN 1.19%) may not be the first stock that comes to mind when the words artificial intelligence (AI) are mentioned. However, Amazon is more exposed to this technological wave than most people realize. Furthermore, Amazon is excelling in its AI pursuits, and I think that makes the stock a no-brainer buy right now. AWS is benefiting from two technological trends Amazon and AI are no strangers. AI has already been incorporated across Amazon’s commerce business through its online platform, advertising products, and logistics network. However, the latest wave of generative…
President proposes special incentives to US companies to rebuild Ukraine’s energy system damaged by Russian attacks.Ukrainian President Volodymyr Zelenskyy has met business representatives in the United States, seeking investments in his country’s energy sector targeted by Russian air attacks. Zelenskyy said on X on Tuesday that “the primary focus was on preparing Ukraine’s energy system for the winter” as the country fears power outages. The meeting in New York was attended by representatives from energy, finance and insurance companies, as well as the head of the US Agency for International Development (USAID), Samantha Power, and deputy secretary of state for…
By Divya Rajagopal TORONTO (Reuters) -The Canadian province of Saskatchewan has vowed to compete with China in processing and production of rare earths and become the first North American commercial alternative source for the metals, used to make magnets for electric vehicles and wind turbines. The Saskatchewan Research Council Rare Earth Processing facility is betting on demand for these magnets to jump in the next couple of years, driven by demand from original equipment manufacturers such as automakers. The Canadian province, home to , potash and uranium mines, is known for its mining prowess. China controls 95% of the global…
Apple (NASDAQ: AAPL) is the most valuable company in the world right now with a market cap of $3.4 trillion. But a closer look at the company’s recent financial performance indicates that it is finding it difficult to put its growth into a higher gear.For instance, in the third quarter of fiscal 2024 (which ended on June 29), Apple’s revenue increased just 5% year over year to $85.8 billion. Analysts are expecting this “Magnificent Seven” stock to finish the year with a 9% increase in revenue to $390 billion. Additionally, its revenue is expected to increase by just 8% in…
Image source: Getty Images Visually, the Vodafone (LSE: VOD) share price looks like it could be one of the best buys on the FTSE 100. But is that really the case? It’s safe to say the last five years have been extremely disappointing for the telecommunications giant. Its shareholders won’t be happy with its performance. During that time, the stock’s lost 53.4% of its value. But now sitting at 75.6p, could we see the stock perform a turnaround in the times ahead? Is it really cheap? It’s difficult to say whether the stock really is cheap. The stock market’s unpredictable.…
On Tuesday, Truist Securities adjusted its stance on Costco Wholesale (NASDAQ:COST), moving from a Buy rating to Hold. The firm has set a price target for Costco at $873.00. The downgrade reflects a cautious view on the stock’s current valuation despite the company’s strong market position and its success in gaining market share across various retail segments. According to Truist Securities, Costco has established significant barriers to entry in the retail sector and continues to exhibit robust business performance. “However, some changes like the shift towards scanning IDs on entry and packaging changes to their chickens could add some sls…
(This is CNBC Pro’s live coverage of Tuesday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A software giant and a home improvement retailer were among the stocks being talked about by analysts on Tuesday. Piper Sandler upgraded shares of Salesforce to overweight, with its new price target implying upside of more than 20%. Lowe’s, meanwhile, got an upgrade to outperform at Oppenheimer. Check out the latest calls and chatter below. All times ET. 6:29 a.m.: Redburn Atlantic downgraded Exxon Mobil, cites troubled oil backdrop A difficult setup for the oil industry…
By Fred Krupp / Special to Bloomberg Opinion The Inflation Reduction Act, the Biden administration’s signature legislative achievement, was intended to do more than bring prices down: It also contained smart provisions to protect the climate. Now, the fossil-fuel industry is lobbying to secure loopholes in rules on hydrogen-production incentives that will reward them but hurt the planet. This multibillion-dollar fight is rooted in the fact that hydrogen can be produced in several ways. More than 90 percent of hydrogen produced today is “gray” hydrogen made from fossil fuels; it’s very dirty and bad for the climate. But the IRA…
This investment is the envy of every public company on Wall Street — but it fails to tell the full story of what’s happening at Apple. For much of the past decade, tech goliath Apple (AAPL -0.76%) has sat atop Wall Street’s pedestal as its largest and most-influential business. It became the first public company to reach a $1 trillion market cap in August 2018, and was the first to top $3 trillion in June 2023. While a key investment that’s the envy of pretty much every other public company has played a vital role in its ascent, this mammoth…