Intel (INTC) may report another negative earnings surprise when it reports fourth-quarter results and guidance on Thursday, according to Citi. “We expect Intel to guide below the normal seasonal range for 1Q23 revenue and EPS given continued weakness in the PC and data center end markets,” Citi chips analyst Chris Danely wrote in a new…
Bet the farm on battered Tesla (TSLA) stock ahead of the company’s hotly anticipated earnings report on Wednesday, contends Canaccord Genuity analyst George Gianarikas. “Buy [Tesla stock] — it’s pretty simple,” Gianarikas said. “The stock had a pretty bad 2022 in terms of performance. That was based on multiple things, and some would attribute it…
While the big-name stocks may get the attention and the headlines, they’re not the only game in town. And sometimes, the market giants aren’t even the best place to turn for solid returns on that initial investment. There are small- to mid-cap stocks in the market that can present an unbeatable combination for income-minded investors:…
Signature Bank’s customers facilitating fiat operations with Binance will not be able to make SWIFT transfers of less than $100,000, according to the crypto exchange. “One of our fiat banking partners, Signature Bank, has advised that it will no longer support any of its crypto exchange customers with buying and selling amounts of less than…
Netflix (NFLX) is set to report fourth quarter financial results after the bell on Thursday as investors seek greater clarity surrounding the streaming giant’s profitability efforts, including its crackdown on password sharing and its recently debuted ad-supported tier. The Street will also continue to keep a close eye on subscriber numbers, which fell in each…
Oil erased an earlier drop as signs of rising US inventories vied with expectations of more robust Chinese demand. West Texas Intermediate was little changed above $79 a barrel. The American Petroleum Institute reported a 7.6 million-barrel gain in commercial stockpiles, according to people familiar with the data, reflecting the lingering impact of a December…
Apple has unveiled a host of new Macs, with what it says are dramatically faster new chips. All of the new computers are powered by the new M2 Pro and M2 Max, high-end versions of the M2 chip that were first revealed in laptops last summer. The new chips come in a variety of new…
Bitcoin plunged nearly 65% in 2022. But one billionaire investor still likes the world’s largest cryptocurrency: Mark Cuban. “I want Bitcoin to go down a lot further so I can buy some more,” Cuban said in a recent episode of Bill Maher’s Club Random podcast. Maher, who self-claims to be “very anti-bitcoin,” owns gold instead….
Homebuyers may finally catch a break this year, says one expert, as signs of fading inflation could drive mortgage rates lower as soon as this month. “Mortgage rates have declined by almost a full percentage point since they peaked in November,” told Melissa Cohn, vice president for William Raveis, a real estate brokerage firm. “I…
The green transition could spur huge economic gains as the world looks to curb climate change, a new report finds. A study from Oxford Economics and Arup estimated that green industries could add $10.3 trillion to the world’s economy — or 5.2% of global GDP — by 2050 under a net-zero scenario. The report made…