A great year for Netflix keeps on getting better. The stock jumped 11% Friday morning after the streaming giant’s Q3 earnings beat Wall Street’s expectations across the board, and many analysts and portfolio managers still see plenty of room to grow. Shares are now up over 60% this year after soaring to a new all-time […]
Jerome Powell and the Fed have accidentally stalled the housing market
Jerome Powell and the Federal Open Market Committee (FOMC) have got a job to do—regardless of what the markets or consumers might want. Unfortunately for the property sector, Powell’s rates strategy has thrown a significant spanner in the works. Consumers are hanging on to properties they purchased a couple of years ago at lower mortgage […]
Trump’s pledge on autonomous EVs is good for Musk and Waymo
On the same day as Tesla’s Cybercab launch, former President Donald Trump said on the campaign trail that he would ban Chinese-made autonomous vehicles if reelected to the White House this November. “I will continue my first-term efforts to protect America from the threat of Chinese automobiles. I will stop Chinese and other countries producing […]
Meet the billionaires backing Trump and Harris in 2024
As the 2024 U.S. presidential election fast approaches, endorsements from high-profile billionaires have been pouring in from both sides of the aisle. Taylor Swift’s announcement that she will be voting for Vice President Kamala Harris marked another billionaire backing for the Democratic nominee, who currently trails former President Donald Trump in endorsements from the mega-rich. […]