Investment advisor and CEO of Gerber Kawasaki Wealth and Investment Management, Ross Gerber, has sharply criticized the new tax cut bill – One Big Beautiful Bill Act, which was passed by the House and awaits pending approval from the Senate. What Happened: In an X post, Gerber labeled it “the big ugly bill,” accusing it […]
B. Riley Cashes In $66 Million Gain With GlassRatner Sale, Refocuses On Core Business
B. Riley Financial, Inc. (NASDAQ:RILY) shares are trading higher on Friday following the announcement of a strategic divestiture. The company sold its advisory divisions, GlassRatner Advisory & Capital Group, LLC and B. Riley Farber Advisory Inc., to funds managed by TorQuest Partners for $117.8 million. This deal is expected to result in a second-quarter gain […]
Bernie Sanders Slams Job Cuts, Says AI Should Give Workers More Time Off: ‘Instead Of Throwing You Out On The Street…’
Sen. Bernie Sanders (I-VT) is advocating for a 32-hour workweek, citing the potential for advancements in artificial intelligence and automation to provide workers with more personal time. What Happened: Sanders, in a recent appearance on the Joe Rogan Experience podcast, outlined his vision for a future where AI and automation drive increased productivity and efficiency, […]
Tesla Doubles Down On US — Elon Musk Plans Another $8 Billion Investment After Spending Nearly $10 Billion In 2024
Tesla Inc. (NASDAQ:TSLA) has revealed that it pumped nearly $10 billion into its U.S. operations during the last fiscal year and plans to allocate an additional $8 billion this year. What Happened: Tesla’s investment in the U.S. is part of its long-term strategy, with the company having invested around $44 billion in U.S.-based facilities and infrastructure since its inception, […]
Mark Cuban Says Were He To Become President For A Day, He Would Make These Two Simple Moves To Overhaul US Healthcare
Billionaire entrepreneur and Cost Plus Drugs founder Mark Cuban believes that these two changes could dramatically improve the U.S. healthcare system. What Happened: On Thursday, Cuban responded to a question about what two changes he would make to fix the U.S. healthcare system, if he had full power for one day as president. Instead of […]
Nvidia Stock Could Rise Another 38%, Making Jensen Huang-Led AI Giant A Nearly $5 Trillion Company, Says Barclays
Barclays analysts have raised their price target for Nvidia Corp. (NASDAQ:NVDA) to $200. This would push Nvidia’s market capitalization to nearly $5 trillion. What Happened: This new target suggests a potential 38% increase in the company’s stock price, translating to a $4.9 trillion market capitalization, reported MarketWatch. The analysts highlighted Blackwell AI platform as a key driver of this growth […]
Roku Stock Surges On New Integration With Amazon: Details Of The Deal
Roku Inc (NASDAQ:ROKU) shares are rising Monday after the company announced a new strategic integration with Amazon Ads. What To Know: Roku entered into a new exclusive partnership with Amazon.com Inc (NASDAQ:AMZN) Ads, providing access for advertisers to the largest authenticated Connected TV (CTV) footprint in the U.S. exclusively through Amazon’s demand-side platform (DSP). The […]
This Sherwin-Williams Analyst Is No Longer Bullish; Here Are Top 4 Downgrades For Friday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Jefferies analyst Roger Song downgraded the rating for CureVac N.V. (NASDAQ:CVAC) from Buy to Hold and lowered the price target from $7 to $5. […]
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Tesla Bull Urges Investors To Do Their Own Research: ‘…CEOs Are Paid To Be Optimistic…’
December 30, 2024
The Future Fund LLC Managing Partner Gary Black on Sunday urged investors to do their own research instead of relying on comments from company management before making investment decisions. What Happened: The Achilles heel of many smart investors is they accept what company managements tell them rather than do their own independent research. Black said […]
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