The Daily

When it comes to quotes on moats, Warren Buffett is the GOAT.

The idea of finding companies protecting their returns on invested capital with strong competitive advantages – brands, distribution systems, intellectual property, culture – has been a recurring theme throughout his phenomenal investing career, and his writing and speaking engagements.

 » Read more about: Warren Buffett loves stocks with wide moats. But his own is narrowing  »

More than half of Americans believe the economy is heading in the wrong direction, which experts say could cost Kamala Harris come election day.

Despite inflation easing and interest rates starting to come down, polling for Newsweek as of October 6 found that 51 percent of voters think the economy is heading in the wrong direction,

 » Read more about: Bad News For Kamala Harris—Majority Say Economy Heading in Wrong Direction  »

DETROIT (AP) — Tesla’s third-quarter net income rose 17.3% compared with a year ago on stronger electric vehicle sales, and an optimistic CEO Elon Musk predicted 20% to 30% sales growth next year.

The strong performance changed the trajectory of the year for the Austin, Texas-based company, which had seen sales and profits decline in the first two quarters.

 » Read more about: Tesla posts surprise $2.17 billion third-quarter profit, up 17.3% from a year ago  »

Oct 21, 2024,06:30am EDT

How Valve Founder Gabe Newell Turned ‘Half-Life’ Into A Nearly $10 Billion Fortune“,”scope”:{“topStory”:{“index”:1,”title”:”How Valve Founder Gabe Newell Turned ‘Half-Life’ Into A Nearly $10 Billion Fortune”,”image”:”https://specials-images.forbesimg.com/imageserve/66f5b8e78e94b86c7870709f/0x0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Oct 21, 2024″,”hourMinute”:”06:30″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1729506600000},”uri”:”https://www.forbes.com/sites/stephenpastis/2024/10/21/how-valve-founder-gabe-newell-built-one-of-the-worlds-most-profitable-videogame-companies/”}},”id”:”c4g16p0a01l400″},{“textContent”:”

Oct 23, 2024,

 » Read more about: The 5 Large Cap NYSE Stocks That Just Dropped To New Lows  »

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs,

 » Read more about: Vermilion Energy Inc. (NYSE:VET): Among The 10 Oversold Canadian Stocks to Buy Right Now  »

These dividend stocks all pay yields of around 6% and higher.

 » Read more about: Want $300 in Dividends Every Month? Invest $20,000 in Each of These 3 Stocks  »

Despite succeeding in the rough and tumble world of HR management, one particular firm has also become one of the most heavily shorted stocks in the market.

Yet beneath the surface, there are signals that the stock could be on the verge of a sharp rebound—perhaps even a short squeeze that will catch many off guard.

 » Read more about: Is This Heavily Shorted Stock Set To Squeeze Bears?  »

Analysts at Goldman Sachs and JP Morgan have a pessimistic outlook for the S&P 500. With that in mind, investors might look at the FTSE 100 as a better long-term bet right now.

I can see the reasons for being wary of US stocks at the moment.

 » Read more about: With analysts pessimistic on the S&P 500, is the FTSE 100 a better choice?  »

Robin Delucia had to re-enter the workforce after initially retiring at 70 because she couldn’t live on her nest egg. And she’s not alone. Nearly a third of retirees are considering going back to work for the same reason: Their savings aren’t enough to cover their expenses. And what about Americans who are currently working and want to eventually retire?

 » Read more about: An Opportunity to Address Americans’ Retirement Savings Crisis  »

ROCHESTER, N.Y. (WROC) – Students at the Rochester Institute of Technology got a first-hand look at how new technology is transforming the fight against financial crimes.

Representatives from both the FBI, the New York State Police and a tech firm called ‘Chainalysis’ lead the discussion about various threats.

The new course educates students on block-chain analytics,

 » Read more about: RIT holds discussion on financial cryptocurrency crimes  »