Author: arthursheikin@gmail.com

[ad_1] (Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) On-line sports betting company DraftKings (DKNG) has yet to recoup its losses associated with the stock market’s tariff-related sell-off. DKNG peaked in mid February (same as the S & P 500 Index) and then sold off hard, until ricocheting in early April (same as the S & P 500 Index) but has yet to make new highs (the S & P 500 Index is above its pre-sell-off February peak). Our thinking here is to play DraftKings for a catch-up trade; we believe the stock is headed back to…

[ad_1] 2025-08-15T17:20:40Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Tech job postings have plunged 35% since early 2020, with some roles seeing radically lower demand. The decline began post-pandemic and continued after ChatGPT’s release in late 2022. AI and machine learning roles are in demand, while junior positions require more experience. Tech hiring has fallen dramatically in…

[ad_1] Just a handful of companies reporting earnings next week have a track record of beating Wall Street’s expectations. Palo Alto Networks and Intuit are on that list. Second-quarter earnings have assuaged investors’ fears about slowing economic growth. More than 80% of S & P 500 companies that have reported so far have posted a positive earnings surprise for the second quarter, which is above the five-year average, according to FactSet data. More often than not, stocks can get a boost from strong earnings results. With this in mind, CNBC Pro screened data from Bespoke Investment Group for companies due to…

[ad_1] From the moment he became de facto head of the Department of Government Efficiency, Elon Musk seemed intent on carving up the federal bureaucracy like a Thanksgiving turkey. Thousands of federal employees were laid off, entire departments folded, and contracts worth billions of dollars were scrapped.That mayhem created a lucrative opening for one startup.In the first half of this year, Legalist, a San Francisco lender founded by one of tech billionaire Peter Thiel’s fellows, extended more than $100 million to dozens of government contractors scrambling for cash. Founder Eva Shang says that’s about twice what it deployed in the…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is a managing director at Frontline Analysts and the author of ‘The Unaccountability Machine’One of the episodes from my career as an equity analyst that has stuck in my mind was the time I went to Dublin, back in the innocent days of the so-called Celtic Tiger era of the 1990s and 2000s. I was there to talk to banks about what was, in those days, referred to as the real estate “boom” rather than “bubble”. The pair of…

[ad_1] Intel’s underlying problems won’t be solved by the U.S. government purchasing an equity stake in the struggling chipmaker, Bernstein warned clients in a note published Friday. The Trump administration is in talks with Intel to buy a stake in the company to help fund a delayed manufacturing hub in Ohio, people familiar with the plan told Bloomberg News . It is the latest example of President Donald Trump’s interest in building government-backed national champions in strategic industries, in a stark departure from the free-market orthodoxy of previous administrations. Investors welcomed the prospect of government intervention with Intel’s stock gaining…

[ad_1] Some people pursue Ph.D.s to work in academia or to attain lofty research positions. The CEO of Rivian got his so people would take him seriously.RJ Scaringe founded Mainstream Motors — later renamed Rivian — in 2009. It took over a decade to collect capital, build manufacturing capabilities, and eventually distribute the company’s first consumer electric vehicle, the R1T.When pitching his EV company to investors, Scaringe had a résumé perk: his Ph.D. from Massachusetts Institute of Technology. On the “Tosh Show,” Scaringe said that he figured the degree would put him in good standing in investor rooms.”I thought, ‘I’ll need a…

[ad_1] ChatGPT’s mobile app is raking in the revenue. Since launching in May 2023, ChatGPT’s app for iOS and Android devices has reached $2 billion in global consumer spending, according to a new analysis by app intelligence provider Appfigures. That figure is approximately 30-times the combined lifetime spending of ChatGPT’s rivals on mobile, including Claude, Copilot, and Grok, the analysis indicates. So far this year, ChatGPT’s mobile app has made $1.35 billion, up 673 percent year-over-year from the $174 million it made during the same period (January-July) in 2024, per the data. On average, the app is generating close to…

[ad_1] The AI capex spending race is so massive that it’s lifting up the entire US economy.Researchers at Pantheon Macroeconomics found that AI-related spending accounted for a 0.5 percentage point difference in annualized GDP growth for the first half of the year. Without AI spending, Pantheon estimated the US economy would have grown at less than 1%, a sign that tech companies are propping up a not-so-great economy.”Hidden behind the surge in AI-related spending, however, investment elsewhere in the economy is far softer than headline numbers suggest,” Samuel Tombs, Pantheon’s chief US economist, and Oliver Allen, Pantheon’s senior US economist,…

[ad_1] Morgan Stanley is getting more optimistic on Apple stock. “We think the Apple story could be turning the corner,” analyst Erik Woodring wrote in a Thursday note. To back this up, Woodring pointed to potentially stronger-than-expected iPhone builds in China and the possibility for estimates to be revised higher, which will allow the stock’s multiple to expand and drive shares up. Morgan Stanley’s China team recently raised its iPhone builds estimate for September by 8%, saying iPhone sales were stronger than expected in the June quarter, which means supply will need to be replenished. “These positive revisions are a…