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    Proposals to tax unrealized capital gains would ‘kill the stock market,’ billionaire investor Mark Cuban says

    by skolnes September 5, 2024
    September 5, 2024

    BRENDAN SMIALOWSKI/Getty Images Mark Cuban said that taxing unrealized capital gains would “kill the stock market.” President Joe Biden proposed taxing unrealized gains for people worth over $100 million. Kamala …

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    Broadcom Slides After Sluggish Non-AI Sales Hurt Forecast

    by skolnes September 5, 2024
    September 5, 2024

    (Bloomberg) — Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, fell in late trading after delivering a disappointing sales forecast, hurt by the portion of …

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    Broadcom Stock Falters After Company Reports Loss, Disappointing Revenue Outlook

    by skolnes September 5, 2024
    September 5, 2024

    Investopedia / Photo Illustration by Alice Morgan / Getty Images Key Takeaways Broadcom posted a loss in its fiscal third quarter, primarily due to acquisition-related amortization costs. The company is …

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    Intel Is Exploring Sale of Part of Stake in Mobileye

    by skolnes September 5, 2024
    September 5, 2024

    (Bloomberg) — Intel Corp. is considering options for its stake in its struggling automated driving systems provider Mobileye Global Inc. as part of a major strategy overhaul, people with knowledge …

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    Broadcom raises annual AI revenue estimate on demand for custom chips

    by skolnes September 5, 2024
    September 5, 2024

    (Reuters) -Chipmaker Broadcom (AVGO) raised its forecast for fiscal 2024 artificial intelligence revenue, citing higher demand for networking equipment and growing orders for its custom chips business. However, the company …

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    The US economy may be on ‘thinner’ ice than investors think

    by skolnes September 5, 2024
    September 5, 2024

    Investors are increasingly confident the US economy will achieve a “soft landing,” a scenario in which higher interest rates lead to lower inflation without a major hit to economic growth. …

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    If I Buy A $100,000 Annuity, How Much Cash Will It Pay Me Each Month?

    by skolnes September 5, 2024
    September 5, 2024

    If I Buy A $100,000 Annuity, How Much Cash Will It Pay Me Each Month? An annuity is like a personal pension plan you buy for yourself. You give an …

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    Why Nio Stock Jumped More Than 10% Today

    by skolnes September 5, 2024
    September 5, 2024

    Nio (NYSE: NIO) stock had one of its best days in recent weeks today, flying 12% higher as of 12:40 p.m. ET Thursday. After losing more than 50% value in …

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    US scrutinizes top airlines’ frequent flyer schemes for unfair practices

    by skolnes September 5, 2024
    September 5, 2024

    By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department (DOT) said on Thursday it is opening an inquiry into the four largest U.S. air carrier rewards and frequent flyer programs …

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    Tesla announces plans to launch full self-driving technology

    by skolnes September 5, 2024
    September 5, 2024

    Tesla plans to launch full self-driving technology in China and Europe in the first quarter of next year. The advanced driver assistance system is currently pending regulatory approvals with the …

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