Broadcast and cable TV usage dropped below 50% for the first time ever, according to recent findings from Nielsen.
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August 16, 2023August 16, 2023Technology
Hindenburg Research targets $4.6 billion Kazakh brokerage for allegedly helping Russian oligarchs evade sanctions
Kazakhstan’s Freedom Holding is helping Russian oligarchs evade sanctions and launder funds, according to a report from short seller Hindenburg Research.
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August 16, 2023August 16, 2023Technology
A.I. startup founder charged with defrauding investors, manipulating documents
Michael Brackett defrauded an investor and manipulated financials to raise money for his artificial intelligence startup, Manhattan prosecutors alleged.
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August 16, 2023August 16, 2023Technology
Apple reverses course, moves iPhone ‘end call’ button back to middle in latest beta
The move reverses a change that Apple had been considering over the summer, as CNBC reported last week.
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August 16, 2023August 16, 2023Investments
MercadoLibre’s Earnings Soar: Robust Growth Story in the Making
Key Points Uruguay-based MercadoLibre boasts a bullish chart and stellar earnings estimates. Analysts expect earnings to more than double this year. MercadoLibre’s Q2 fintech revenue increased by 24%. The company’s three-year revenue growth rate is 63%. Several top analysts recently raised their price targets on the stock. 5 stocks we like better than MercadoLibre There’s...
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August 16, 2023August 16, 2023Investments
DraftKings Proves a Strong Offense is the Best Defense
Key Points Digital sportsbook and iGaming platform Draft Kings beat Q2 2023 forecasts and raised estimates. Its Q2 2023 earnings went non-GAAP positive at 14 cents per share, beating consensus estimates for a loss by 35 cents. Revenues continued to spike nearly 88% as paying users rose 44% to 2.1 million average monthly unique payers...
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August 16, 2023August 16, 2023Investments
The Fed is Likely Done Hiking – What’s Next?
Economic readings continue to point to a “soft landing” through the next few months, characterized by low and falling inflation and a resilient labor market. Consequently, the Fed raised interest rates for what is probably the last time during the current cycle. The concern for markets this week shifted to the sustainability of continued fiscal...
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August 16, 2023August 16, 2023Investments
Retiring in California: A Comprehensive Guide to Achieving Your Dream Retirement
California appeals to older adults as the perfect place to reconcile as they near their golden years. However, this thought may unsettle you a bit, given that the state is costly to live in! Knowing how to budget your retirement defines your freedom to cherish the vibrant life in California. After toiling your entire life...
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August 16, 2023August 16, 2023Investments
As Exxon Mobil Consolidates, Is A New Rally Bubbling Up?
Key Points Exxon Mobil has been struggling below resistance near $119 for the past six months, but the stock rallied in recent weeks. An area of price consolidation often sets up a stock for fresh gains. Exxon Mobil’s CEO said in June that he expects Permian Basin shale production to double in the next five...
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JPMorgan hikes EM default forecast as Country Garden drives China contagion fears
JPMorgan expects the China property sector to account for nearly 40% of all high yield default volumes in emerging markets in 2023.