Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. They say it’s better to give than to receive, and that’s especially true when clients use qualified charitable distributions. Tax law changes made by the One Big Beautiful Bill Act are quietly reshaping charitable giving…
Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. And then there were two. A pair of high-profile promotions at JPMorgan Chase on Thursday appeared to narrow the long-running Jamie Dimon succession race to just two candidates: Doug Petno and Troy Rohrbaugh, now co-presidents…
Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. Darmstadt, Germany-based Merck is taking a trip to the Twin Cities to buy Minnesota-based Bio-Techne. The $11.3 billion deal would be Merck’s biggest acquisition in more than 10 years as the drugmaker expands under new…
US stocks were volatile on Friday, with semiconductor stocks retreating after a report of a potential delay to OpenAI’s (OPAI.PVT) IPO added to the headwinds that have whipsawed markets this week. The tech-heavy Nasdaq Composite (^IXIC) was down 0.2%, while the S&P 500 (^GSPC) fell slightly, with both indexes closing out the week with losses of more…
The S&P 500 Index ($SPX) (SPY) on Thursday closed down -0.01%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.75%. September E-mini S&P futures (ESU26) rose +0.01%, and September E-mini Nasdaq futures (NQU26) rose +0.80%. Stock indexes settled mixed on Thursday, with the S&P 500 falling to a…
By Milana Vinn and Jaspreet Singh June 25 (Reuters) – ON Semiconductor Corp said on Thursday it had agreed to acquire Synaptics in an all-stock deal valued at about $7 billion, its largest acquisition to date, as the chipmaker seeks to expand its presence in AI-enabled devices and so-called physical AI. Under the terms of…
Asian refiners have reduced their spot purchases of Middle East crude for loading this month and next, following three weeks in which they had purchased millions of barrels of UAE, Saudi, and Iraqi crude. Lingering uncertainties about the navigability of the Strait of Hormuz and high freight costs have deterred Asian buyers from continuing the…
The biggest fortunes in a technological revolution are rarely made by owning yesterday’s bottleneck. They’re made by identifying tomorrow’s. The Rise of NVIDIA Five years ago, the bottleneck in artificial intelligence was compute. If you wanted exposure to AI, you bought NVIDIA (NVDA). The company built the engine that powered the AI revolution, and the…
John D. Staszak, CFA Securities Analyst: Consumer Discretionary & Consumer Staples John’s specialty at Argus includes the gaming, lodging and restaurant groups within the Consumer Discretionary sector. John earned an MBA from the University of Texas and a BA in Economics from the University of Pennsylvania. In the financial services industry, he has worked as…
Kristina Ruggeri Analyst: Generalist Kristina began working with Argus Research in 2019. She is responsible for covering selected Consumer Discretionary and Consumer Staples Stocks and has nearly 20 years of experience in the financial services industry. Kristina began her career at Price Waterhouse where she audited asset managers, broker dealers, and banks. Later she joined…
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