Author: arthursheikin@gmail.com

[ad_1] Goldman Sachs recommends gold mining stocks as one of its top trades heading into the final quarter of the year, with the investment bank expecting the precious metal will continue to rally. Spot gold has already soared 38% this year, rising above $3,600 per ounce. Goldman expects prices will rise another 14% through 2026 due to strong demand from central banks and exchange traded funds. “Gold mining stocks should rally alongside the underlying commodity,” Goldman analysts led by David Kostin told clients in a report published postmarket Friday. Mining stocks Dakota Gold , Anglogold Ashanti and Newmont have doubled…

[ad_1] Emma Jackson didn’t have much money growing up — but that didn’t stop her from buying her first home at age 25 and saving enough to pay off the mortgage two years later.The British blogger told Business Insider that, growing up, she was aware her parents were in financial difficulty after they had bad mortgage advice that left them in debt.She and her brothers started contributing to the household once they could, which helped her focus on being “really savvy” with money.”It just completely changed the financial trajectory of where my life should be versus where it is,” she…

[ad_1] A startup developing a home energy system to take on the likes of Tesla has secured $2.6 million.California-based Kora’s technology consists of a smart panel, modular batteries, a hybrid inverter, and an energy trading platform.It gives residents an energy storage platform to help them cut their energy bills, and also sell excess energy generated from solar panels on the wholesale market.”Most people have a 100-year-old technology, a metal box with some plastic switches in their homes,” Greg Connolly, the cofounder and CEO of Kora, told Business Insider. “They have no control over their circuits, no backup, no insight into…

[ad_1] Ever since Spotify launched an AI DJ, Amazon Music has been developing its own AI-powered features, including AI-generated playlists and AI-assisted search, to compete more effectively with the music giant.  Now, Amazon Music is launching a new feature called “Weekly Vibe,” designed to further personalize the listening experience. The feature is rolling out today to U.S. customers across all subscription tiers within the app on both iOS and Android. Recognizing a common challenge faced by avid music streamers—getting tired of the same songs after extensive listening—Weekly Vibe aims to keep your playlists fresh every week. Every Monday, Weekly Vibe…

[ad_1] Bank of America is sticking by Kenvue and views its most recent sell-off as a buying opportunity for investors. Analyst Anna Lizzul reiterated her buy rating and $25 price target on the stock in a note to clients, reaffirming her expectation that the stock has more than 34% potential upside. The analyst remains bullish on the stock, which she said is trading at a discount to the average of peer names in household and personal care, such as Procter & Gamble. “With a new CEO and CFO, KVUE took the opportunity to reset expectations at earnings in August. We…

[ad_1] Here are Monday’s biggest calls on Wall Street: Morgan Stanley reiterates Tesla as overweight Morgan Stanley said Elon Musk’s pay package is a “good deal” for shareholders. “While the proof is in the execution, at face value, the proposed compensation package aligns Tesla minority shareholder interest with those of Elon Musk in a way that incorporates operational milestones, profitability milestones and value creation milestones (market cap) while cementing a long-term commitment to the company.” Citi reiterates Nvidia as buy Citi lowered its price target to $200 per share from $210. “We like Buy-rated NVDA on secular AI growth opportunities.”…

[ad_1] Nvidia’s moat is under threat by other artificial intelligence chipmakers, according to Citi. Analyst Atif Malik kept his buy rating on Nvidia but trimmed his price target by $10 to $210. His new target suggests that shares of the tech giant, which are up 24.4% this year, could see 19.7% additional upside from Friday’s close. Malik’s lower target comes after Broadcom’s quarterly results last week reflected strong year-over-year growth. The company also announced a $10 billion order of custom AI chips, which the company calls XPUs, from a fourth mystery customer. On the back of these results, Malik said he…

[ad_1] American graduates are facing a tough job market, and things aren’t much different across the pond.The UK branch of the Big Four accountancy firm PwC confirmed to Business Insider that it had lowered entry-level recruitment this year.PwC will take on 1,300 entrants to its graduate and school leaver programmes, compared with 1,500 last year, the firm said.The news was first reported in an op-ed published in The Sunday Times by Marco Amitrano, PwC’s UK chief.”PwC will always be a large employer and training ground for young people in the UK,” but the impact of AI and a sluggish economy…

[ad_1] Veeva Systems appears to be a long-term winner in life sciences, according to JPMorgan. Analyst Alexei Gogolev upgraded the cloud solutions provider to overweight from neutral and lifted his price target by $40 to $330. That implies about 20.9% potential upside for Veeva, which works with customers across the life sciences industry to store data and maintain regulatory compliance. Shares of Veeva have gained more than 29% this year. JPMorgan’s upgrade comes after Veeva in late August reported a second-quarter revenue and earnings beat, which led to price target upgrades from analysts from firms such as UBS and Piper…

[ad_1] It appears the era of the “slop bowl” may be fading.Fast-casual restaurants like Chipotle, Sweetgreen, and Cava had been exceptions to the restaurant industry’s slumping sales and diminished foot traffic as consumers curbed their spending over the better part of the last year.Those days seem to be over: $20 can now get you table service with your Triple Dipper at Chili’s, and other casual and fast-food chains are ramping up their combo meal offerings. Doesn’t that muck up the slop bowl’s value proposition? Consumers seem to think so.Sweetgreen’s same-store sales fell 7.6% in the second quarter, while Chipotle reported…