I have always loved that quote from the famed investor and CEO of Berkshire Hathaway Mr. Warren Buffett. Over the years, I have written time and again that betting on your “gut” to pick individual winners in the stock market was more about vanity than the real experience. I consider this quote from Buffett,
» Read more about: CAPITAL IDEAS: What can investors learn from Warren Buffett’s biggest mistakes? »
Tesla has had a difficult start to the year, leaving some questioning whether Elon Musk is the right person to lead the EV giant.
In early May, The Wall Street Journal reported that members of Tesla’s board had reached out to recruitment firms to begin the search for a new CEO.
» Read more about: Here's who could replace Elon Musk if he ever steps down as Tesla CEO »
Wedbush analyst Dan Ives, who has been one of Wall Street’s biggest bulls on tech stocks, plus Tesla, called the weekend trade talks a positive step.
In a note on Sunday, Ives said he expects the Trump administration’s 145% tariff on imported China goods to “go to a much lower level with potentially a freeze on some of these China tariffs while more talks continue and a framework for a deal becomes clearer.”
The talks between senior administration officials and senior Chinese negotiators concluded on Sunday with Treasury Secretary Scott Bessent noting “substantial”
» Read more about: Wall Street's Ives Sees China Tariffs Heading Lower After Talks »
In his first week as a freshman at Columbia University, Jordan Cancel, a Floridian who was then 18, saw just how competitive a career path to finance would be.
Outside the iconic Butler Library, known for its Neoclassical columns, mobs of students were clamoring to get to informational booths set up by the college’s finance and business clubs.
» Read more about: How student finance clubs seized control of the path to Wall Street »
The Pakistan Stock Exchange recorded an 8.8 per cent climb on Monday, forcing a temporary halt in trading as investor confidence rose on news of the Pakistan-India ceasefire holding and the IMF greenlighting another $2.4bn tranche of lending.
The country’s benchmark KSE-100 index on Monday gained 9,475 points, the highest day-on-day increase in points,
» Read more about: US-China trade war latest: Global markets lifted by Geneva talks »
The United States and China said Monday they had agreed to a 90-day pause on most of the tariffs they have imposed on each other since last month, in a major step toward easing a trade war between the two powers that has rattled the global economy.
U.S.
This year headlines blared about the S&P 500 entering correction territory and the Nasdaq dipping into a bear market. For newer investors, it may feel like the sky is falling but seasoned traders know better, it’s just another chapter in a very old playbook.
The truth is, if you think this year has been rough,
Global technology and chip stocks rallied on Monday after the U.S.
» Read more about: Global chip and tech stocks rally as the U.S. and China agree to slash tariffs »
U.S. tech stocks, along with the broader stock markets, seemed ready to start the day with a high, as the United States and China on Monday agreed to temporarily cut reciprocal tariffs for 90 days.
Per the deal, reached in Geneva, the U.S. would temporarily shelve the 145% reciprocal tariff on goods imported from China,
» Read more about: Tech stocks look set to jump as U.S. and China pause reciprocal tariffs »