Author: News Room
Investment Thesis I believe that Qualcomm’s (NASDAQ:QCOM) recent advancements in on-device AI chip functionality are a game changer. With their deep integration into the supply chains of major smartphone manufacturers and a growing demand for AI-capable devices, the company is poised to capitalize extensively on upcoming tech trends. In particular, smartphones with AI capabilities will change personalization, efficiency, and utility, and will drive consumer demand for upgrades and new purchases. Qualcomm’s recent financial disclosures demonstrate these changes, highlighting a surge in demand for their AI chips, particularly in the Chinese market, where consumers are increasingly favoring high-end devices with AI…
Tesla’s controversial CEO Elon Musk, and his massive wealth, are front and center in a shareholder vote this coming week. Five months ago, a Delaware judge threw out the largest pay package in history, then worth more than $50 billion, that Telsa’s very friendly board had given Musk in 2018. Now, Musk and the board want Tesla shareholders not only to vote again to give him back those stock options, but to relocate Tesla away from the judge’s state entirely. And his board is threatening if they don’t do so, they won’t get the attention they need from Musk to…
When your job is to write a commentary about the stock market you start with a blank Word document. It stares at you and says, “Come up with something noticeable that makes sense of the market.” Right at that moment, the inception, you can go either way. You can detect a pattern that points to an absurdity, let’s say a warning about a two-track bias, one with light volatility and the other with craziness. Or perhaps a simple jeremiad flagging a dangerous oddity of mega-caps versus non-mega-caps that bemoans, or worse, causes worry that might tempt people to “get out…
Populist, far-right parties have won record support in this year’s European Parliament elections, early exit polls indicated Sunday.The far-right Identity and Democracy group made major gains, while the right-wing European Conservatives and Reformists saw a slight uptick in votes, according to the first official projection released by the EU at 8:30 p.m. local time.The center-right European People’s Party is once again projected to win the most parliamentary seats, with a marginally bigger lead than before.The projection is based on exit polls, national estimates and pre-election polling data, and follows a four-day, EU-wide vote.The liberal Renew Europe and the Greens/European Free…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 7.000% as of May 13, which is unchanged from Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.375%, which is also unchanged from Friday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…
Seven decades after he became addicted to Superman, Gary Prebula’s collection of graphic novels and comics has a permanent home at the University of Pennsylvania library. It took a team effort. By Kelly Phillips Erb, Forbes Staff Gary Prebula blames his mother for his seven-decade-long comic book obsession. He was three when his parents ventured out on New Year’s Eve, leaving him with his grandfather. His mother bought a Superman comic book to keep the precocious toddler, who had just started to read, occupied. When his parents returned home just after 1:00 a.m. they found Prebula still awake, rereading that…
A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. Theodore Roosevelt carefully crafted his image of rugged manliness. The wealthy heir became a Badlands cowboy and a volunteer Rough Rider and war hero. A populist and a reformer as president, Roosevelt enjoyed incredible popularity during his lifetime – and he nearly remade the American political system when, frustrated by the direction of the Republican Party after his presidency, he splintered off as a third-party candidate and nearly won election as a Progressive “Bull Moose” in 1912. But that…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Israel’s military freed four hostages in Gaza on Saturday after a daylight operation in Nuseirat in the centre of the enclave that Hamas said killed dozens of Palestinians.The rescue of one woman and three men — Noa Argamani, Almog Meir Jan, Andrey Kozlov and Shlomi Ziv — brings the number of hostages brought back alive by Israel’s military to seven. It was the largest rescue operation since the start of the war against Hamas.The four were kidnapped from the Nova music festival…
By Lynn Song Weak confidence continued to drag growth China saw a mixed bag in terms of data releases over the past month, but most indicators came in weaker than market forecasts. The key theme for the month was both the private sector and households remaining cautious. Credit data showed that aggregate financing declined for the first time since 2005, and M2 growth also fell to record lows. After a strong 2023, credit contracted sharply in 2024. Our view is that real interest rates remain too high for the current state of the economy, and believe there are rising odds…
Apple is on the verge of kicking off perhaps its most important event in years as it faces a gauntlet of challenges. At its annual Worldwide Developers Conference starting Monday, the company is widely expected to announce a partnership with ChatGPT maker OpenAI and unveil the first batch of generative AI tools coming to its mobile operating system. A big push into AI could spur growth for iPhone sales and services for years to come, as users are now waiting longer to upgrade their devices and an uncertain economic environment weighs on consumers, particularly in China. The company also faces…
