Author: arthursheikin@gmail.com
[ad_1] Tuesday’s cooler inflation print could mean it’s finally time to pivot into small caps and lower-quality stocks, according to Morgan Stanley. The Bureau of Labor Statistics reported that the consumer price index showed a year-over-year increase of 2.7% in July , less than a Dow Jones consensus for 2.8% expansion. The report soothed stagflation fears and added to hopes that the Federal Reserve could actually cut more times this year than previously anticipated. The central bank is now projected to make three quarter percentage point cuts this year, up from two, according to the CME FedWatch Tool . If…
[ad_1] Self-driving truck maker Waabi has hired autonomous vehicle industry veteran and Uber Freight CEO, Lior Ron, to step in as chief operating officer, as the startup looks to scale its commercial operations ahead of its planned launch of driverless trucks on public highways later this year. Rebecca Tinucci, who previously spent six years building Tesla’s charging network before the automaker gutted its charging staff last year, will take over as head of Uber Freight. Ron will stay on as Uber Freight’s chairman. “[Ron] will lead the go-to-market strategy, expanding key partnerships, and really bringing Waabi from the phase that we’ve…
[ad_1] Crocs got hammered — down nearly 30% after the Thursday report — after cautious guidance tied to the macro backdrop overshadowed an earnings beat. Sure, uncertainty is everywhere right now, but such a flush on a name that still topped earnings looks overdone. Analyst views are mixed, yet even the downgrades (Stifel, Barclays, BofA, KeyBanc) carry price targets in the $80–$100 range — still above where CROX is trading. I’m not expecting fireworks here, but the setup I like only needs CROX to trade around $77 —about 50 cents from current levels — to deliver a 100% return on…
[ad_1] Real estate has been a top investment choice through all kinds of economic cycles, prized for its resistance to inflation and its ability to generate steady cashflow — but you might want to think twice about diving into property investing in this climate, Ray Dalio says. The founder of Bridgewater Associates, Dalio has been known most recently for his grim outlook for America’s fiscal situation.In an August 11 X post, Dalio turned his eye to the real estate market and laid out why he believes people should avoid buying and holding real estate assets in the current economy. He…
[ad_1] Tesla CEO Elon Musk’s threat of legal action against Apple over its App Store rankings could hurt the larger company, according to prominent tech analyst Dan Ives. Elon Musk, who’s also the CEO of xAI, the startup behind AI chatbot Grok, on Monday threatened to sue Apple over alleged antitrust violations tied to rankings of Grok’s app. Musk accused the iPhone maker of favoring other artificial intelligence competitors in its App Store. “It’s a massive headache and headwind for Apple,” Ives, global head of tech research at Wedbush Securities, said on CNBC’s “Worldwide Exchange” early Tuesday. “The last thing you…
[ad_1] Good morning. In a flurry of tweets late on Monday night, Elon Musk threatened to sue Apple. He said xAI would take “immediate legal action” against Apple for what he says is a bias toward OpenAI on the App Store. “Are you playing politics? What gives? Inquiring minds want to know,” Musk wrote.In today’s big story, it’s 2025, and cannabis-infused beverages are still on the cusp of becoming the next big thing.What’s on deck:Markets: An investing legend shares how his hedge fund is using AI.Tech: Artists and philosophers can make it big in Big Tech. Here’s how.Business: What the…
[ad_1] Shares of Clearwater Analytics are poised for a comeback, helped by free cash flow in the core business that is growing by more than 02% annually and a planned conference with investors set for early September, according to Goldman Sachs. The Wall Street investment bank upgraded Boise, Idaho-based Clearwater to buy from neutral but kept its price target at $27, implying more than 46% upside from Monday’s close. Clearwater, a provider of investment portfolio accounting and other business tools, has tumbled 33% so far in 2025. Much of the decline was caused by concerns tied to the quality of…
[ad_1] On my first day in Kuala Lumpur, I posted the view from my apartment on my Instagram story and replied to messages from “jealous” friends.Then, I put my phone down and realized I didn’t know a single person in the city.I got bit by the travel bug during a working holiday in Australia in 2017, where I started dabbling in online writing. When I got back to my home in the UK, I kept freelancing. With no office or set hours, I started to consider working abroad.I thought being a digital nomad would offer unlimited freedom and the ability…
[ad_1] The year-over-year inflation rate held at 2.7% in July, below the expected 2.8% but still elevated.The consumer price index increased 0.2% over the month, matching the forecast but below June’s 0.3% rise.Core CPI, which excludes volatile food and energy prices, rose 3.1% over the year in July, above the 3% forecast and June’s 2.9%. The core rate rose as expected over the month to 0.3%, above June’s 0.2% increase.New tariffs on copper products and dozens of countries went into effect in early August, adding to the ones already applied during Trump’s second presidency so far. On Monday, Trump extended…
[ad_1] Freight management startup GoodShip has raised $25 million in Series B funding. The company seeks to use AI to overhaul the trillion-dollar shipping industry.The round was led by Greenfield Partners and featured participation from returning backers Bessemer Venture Partners, Ironspring Ventures, Chicago Ventures, and FUSE VC.Three-year-old GoodShip, based in Bellevue, Washington, has raised $40.4 million across four funding rounds, CEO Ryan Soskin told Business Insider.Cofounded by Convoy alums Soskin and CTO David Tsai, GoodShip is an operating system to help clients buy and manage their freight.The platform unifies a company’s internal data using AI to track its shipping networks…