Author: arthursheikin@gmail.com
[ad_1] Federal Reserve Chair Jerome Powell’s Friday speech showed the central bank was increasingly dovish, which can mean good news for small-cap stock performance, according to Tom Lee, head of research at Fundstrat. “The Fed acknowledging that the risks now are tilted to the labor market to be softening … especially because they don’t think that tight labor markets are going to create inflation, that’s a very good sign,” Lee said on CNBC’s “Squawk on the Street” Friday morning. “I think it means we have a dovish Fed again,” Lee added. “That’s kind of a green light for small caps.”…
[ad_1] This week, Gap released a new ad for its denim line featuring girl group Katseye dancing to Kelis’s “Milkshake.” The ad is undeniably fun to watch (and rewatch) and has gone viral online with an outpouring of positive responses. There’s a lesson here: playing it safe and sticking to a formula that works — while adding a trendy twist — pays off.Gap’s competitors, American Eagle and Lucky Brand, also recently released celebrity-endorsed ads — but with Sydney Sweeney (to some, ahem, controversy) and Addison Rae, respectively. My colleague Jordan Hart reports that the social media engagement on Gap’s Katseye…
[ad_1] As AI technology makes its way into the enterprise, Apple is rolling out new tools that will give businesses more granular control over where and how their employees can tap into artificial intelligence. With the release of Apple’s software updates arriving in September, the tech giant is adding another option for enterprise customers: the ability to configure the use of an enterprise version of OpenAI’s ChatGPT. Apple has already seen the demand for ChatGPT for Enterprise, which OpenAI says now has over 5 million business customers. These companies use the AI service to connect with their own internal data…
[ad_1] BlackRock’s Mitchell Garfin is still finding areas of opportunity in a high-yield bond market that looks expensive. Some investors, like Pimco chief investment officer Dan Ivascyn , have been moving into higher-quality bonds amid economic uncertainty and what they see as the lack of reward for taking on risk. “I’m not too concerned about the overall state and health of the economy,” said Garfin, co-head of U.S. leveraged finance at BlackRock. “Clearly we’re going to need to see what the data looks like over the next few months, next few quarters. But given what we know now, we’re still…
[ad_1] This as-told-to essay is based on a conversation with Brett Heyman, founder of Flower by Edie Parker. It has been edited for length and clarity.I started the lifestyle brand Edie Parker in 2010, and by about 2017, I was ready to expand. We had made a name for ourselves with handbags and home accessories. I considered expanding into shoes or jewelry, but I felt there was already enough of that in the world.But there was an area of the market I felt was underserved: cannabis and cannabis accessories. I’m from LA, and though I live in New York City…
[ad_1] Everyone is talking about who has the best jeans … ad.Gap, American Eagle, and Lucky Brand each dropped new star-studded denim campaigns in the last month that are going viral. While American Eagle’s controversial ad with Sydney Sweeney sparked online debate, Gap and Lucky Brand are being praised for their dance ads and style.American Eagle started the jeans war in July with its campaign, “Sydney Has Great Jeans.” Critics suggested it was a nod to eugenics and the idea of racial supremacy. Others, including President Donald Trump, praised Sweeney and American Eagle, or said people were reading too much…
[ad_1] A widespread case of cold feet is hitting the housing market this summer. Homebuyers bailed on home purchases at a historic pace in July, according to a new Redfin analysis of real estate listings data, which found that 58,000 pending home purchases fell through last month. That number represents about 15.3% of all pending home purchases in the US, and is the highest proportion of home-purchase cancellations seen in the month of July in at least eight years, the real estate listings site said. Home-purchase cancellations were the most common in San Antonio, Texas, where 22.7% of pending home…
[ad_1] OnlyFans has more fans than ever.The subscription content platform, known for its pornographic content, had 377.5 million users at the end of 2024, according to newly published financial filings for its parent company Fenix International. That number is up 24% from the same time in 2023.And those users are spending money: Payments through the platform grew 9% last year, hitting $7.2 billion in the 12 months ending November 30, 2024. As potential earnings on the platform flowed, the number of creators on OnlyFans surged 13% during the period to 4.6 million.That influx of creators and fans drove up the…
[ad_1] Apple is falling behind in the race to transform Siri into an AI assistant that’s as powerful as its competitors. As consumers grow more impatient, Apple is considering using another company’s tech instead of developing its own. Apple is now exploring a partnership with Google, its most direct competitor in the smartphone business, according to Bloomberg editor and Apple insider Mark Gurman. The company previously approached OpenAI and Anthropic for similar discussions about using their technology to power Siri, and reportedly, Google has begun training a model that could run on Apple’s servers. Apple is not expected to make…
[ad_1] Lyft (LYFT) , having declined from $70 to $10 in 2021-2022, has been bottoming out ever since, and it’s trading in a three-year range between $10 and $21 ever since. Currently at $16 a share, the stock is in a position to advance to the top of the range, and even higher. A major bottoming-out formation is taking place. On top of that, the stock is starting to move above an important five-year downtrend line — and an important break above said line. LYFT has been rangebound for four years between $10 and $21. We think the stock is on its way…