(Bloomberg) — The lone analyst with a sell rating on Fiserv Inc. ahead of the company’s crushing stock selloff says the writing was on the wall for months.
For a large chunk of Wall Street,
» Read more about: Fiserv’s Only Bear Is a 26-Year-Old Analyst Who Beat Wall Street »
Good morning and welcome to First Trade. Move over, Saudi Aramco, there’s a new giant IPO in town. OpenAI is weighing a public offering next year at a $1 trillion valuation.
Rundown
» Read more about: Stock investors are telling tech titans to stop throwing so much money at AI »
Get the best of both worlds with these stocks: a high yield and the potential to secure a good return in the long run.
Buying dividend stocks at low prices can have two positive benefits. The first is that if you’re buying low, the yield can be higher than normal. It can provide you with some high dividend income right out of the gate.
» Read more about: 3 Absurdly Cheap Dividend Stocks to Buy for Less Than $100 »
Legendary investor Warren Buffett took the helm of the holding company Berkshire Hathaway in 1965,
John Cena’s final WWE appearances ahead of his retirement are nearly upon us, and his creative for his last matches is seemingly taking shape.
Cena’s last match will take place on Dec. 13 in Washington, D.C. at Saturday Night’s Main Event, with major appearances in Boston, New York, and at Survivor Series in San Diego set for the road up to that.
» Read more about: Latest Update On John Cena's WWE Creative Plans Ahead Of Retirement »
(CNN) – The Congressional Budget Office is warning the United States economy could lose billions of dollars due to the government shutdown.
A report finds the shutdown will lower GDP growth for the quarter by 1 to 2 percentage points.
Most of the decline will be recovered however depending on how long the shutdown continues,
» Read more about: US economy could lose $15 billion from government shutdown »
A version of this article first appeared on TKer.co
It’s not hard to argue that stock market valuations are high.
According to FactSet, the forward price-earnings (P/E) multiple for the S&P 500 is 22.9x,
» Read more about: What happened the last time the S&P 500's forward P/E was this high »
(Bloomberg) — A dramatic rebound in clean-tech stocks has investors in the green economy hoping they can finally turn the page on years of punishing underperformance.
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring, even as inflation stays elevated.
“Job gains have slowed this year, and the unemployment rate has edged up but remained low through August,” the Fed said in a statement issued Wednesday.
» Read more about: Federal Reserve cuts key rate as government shutdown clouds economic outlook »
NSD (TSE:9759) reported a net profit margin of 10.9%, up from 10.4% last year, as earnings grew by 14%, edging out its own five-year average of 13.3% annual gains. Revenue and earnings are both forecast to grow faster than the Japanese market, supported by a history of rising profitability and stable margin improvement.