Did Zuckerberg Just Have His iPhone Moment?
Last week Mark Zuckerberg unveiled Meta Platforms (NASDAQ: META) latest hardware product, Orion augmented reality glasses,
As it ventures deeper into the world of AR and wearable technology, there’s a very real possibility that this is Meta’s “iPhone moment,” revolutionizing the tech landscape as Apple’s iconic smartphone did in 2007.
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Market Commentary: Underestimate Zuckerberg At Your Peril
Long ago, a conversation between two investors about the sluggish revenues of what was then Facebook went something along the lines of this: With all those users, why isn’t Facebook making more?
To which the second investor replied, do you really think they figured out how to get a billion users on their platform and don’t know how to make money from them?
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Market Commentary: #1 Oil Stock, Period
It’s easy to get distracted by the energy sector when Buffett is snapping up Occidental Petroleum shares with abandon and already owns so much of Chevron. But arguably both should be cast aside in favor of what might well be the #1 stock in the sector, Exxon Mobil.
With a market capitalization of around $400 billion and generating revenues of $338 billion,
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1 Popular Stock To Flee Immediately
Airbnb has been on a tear since 2020 when it reported losses of $3 billion in a single quarter. Lockdowns sparked concerns that the company would not survive a world without travel but soon hope emerged that life would return to normal and the financials soon followed.
A full U-turn followed with the company growing the top and bottom lines at a rapid pace.
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How To Make 100% In Next 11 Months
The most important Federal Reserve announcement ever led to about as much excitement yesterday as two turtles racing to a finishing line.
Prior to the announcement by Chairman Jerome Powell, the market had forecast, with 68% probability, a 50bps rate cut.
That alone signaled that the market had priced in precisely what the Fed delivered and so when expectations became reality not a whole lot happened.
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Read MoreThe Ivy
1 Trillion Reasons to Buy Costco?
Costco (NASDAQ:COST) has seen enormous success with its membership-driven wholesale approach to retail shopping.
Listed as the third-largest retailer in the world behind only Walmart and Amazon, Costco is an increasingly popular option among cost-conscious shoppers looking to stretch their household budgets by buying in bulk at low prices.
Famously,
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Read MoreThe Spotlight
Will Bitcoin Rise 16.1x?
In November 2012, the first bitcoin halving cycle was recorded, and the event reduced the reward for mining new Bitcoin blocks by half. Every four years or so 210,000 blocks are mined and the rate at which new bitcoin is mined is cut by 50%.
The supply limit and increased difficulty have been instrumental in the thesis that bitcoin’s price can only rise in time to offset the inflationary effects of fiat currency.
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Read MoreThe Daily
How Immigration Affects the US Economy
Photo Illustration: 731; Photos: USA Today Network, Getty Images, Bloomberg, Reuters
Do immigrants really take jobs from Americans? And does more immigration really mean lower wages? Here’s a no-nonsense guide to one of the country’s most divisive issues.