AI-powered technologies are revolutionizing trading strategies, risk management, and fraud detection. Let’s explore the impact of AI on the stock market.
Analysts have provided the following ratings for Microchip Technology (NASDAQ:MCHP) within the last quarter: Bullish Somewhat Bullish Indiffe...
Apple's high-yield savings account attracted as much as $990 million in deposits in the first four days of its launch, according to a report from Forbes. The successful launch helped underscore Apple's ability to further monetize its iPhone user base of more than 1 billion people. On the first day alone, Apple's new savings account attracted nearly $400 million in deposits, according to the report, which cited two sources familiar with the matter. With more than 240,000 high-yield savings accounts having been opened in the first four days of launch, that represents just 0.2% of Apple's US iPhone users, based on estimates that there are about 120 million of them. Apple launched a high-yield savings account last month as more and more consumers seek to take advantage of the high interest rate environment. The savings account is available to Apple Card customers through its partner, Goldman Sachs, and offers a yield of 4.15% with no minimum deposits, no minimum balance requirements, and
At Warner Bros. Discovery (WBD), things are so bad it's good. At least that seems to be the word on Wall Street. In a new note out Friday, Peter Supino, an analyst at Wolfe Research, upgraded shares to Outperform from Peer Perform and put a 12-month price target on the stock of $20, suggesting roughly 40% upside from current levels. Similarly, Wells Fargo analyst Steve Cahall upgraded WBD to Overweight from Equal Weight and raised his price target to $20 a share — up from the previous $13. Warner Bros. Discovery stock rose as much as 5% in early Friday trading following the upgrades, but shares pared gains amid a broader sell-off in markets. Shares of the company have gained more than 50% from lows reached in late Dec. 2022. "After a '22 rife with negative surprises around the Warner-Discovery integration & TV advertising market, and after two rounds of forecast reductions, today's expectations are attractive to underwrite," Peter Supino wrote in a new note on Friday. "Networks segment
While social issues have dominated news coverage recently, one of the most contentious and important issues in Washington never changes — tax policy. One of former President Donald Trump’s biggest victories was his 2017 tax plan that drastically reduced taxes for wealthy Americans and corporations. Now, President Joe Biden is trying to roll back some of those changes and introduce some new policies of his own. Two of the biggest proposals he introduced in his recent budget were a big increase to the long-term capital gains tax and a new tax on the wealthiest Americans. For help figuring out how these changes will impact you and your family, consider working with a financial advisor. Capital gains are money you were from selling or trading an asset — for instance, if you bought 100 shares of a stock at $10 a share and sell it five years later for $20 a share, the $1,000 you made is a capital gain. While short-term capital gains — referring to assets sold within a year of purchasing — ar