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With the minutes of the latest Fed meeting showing that interest rates will keep increasing this year, the economy is widely expected to enter a recession. Amid the expected downturn this year, it could be wise to buy biotech stock Gilead Sciences (GILD) due to its solid growth prospects and dividend yield. Read more…. shutterstock.com…
Construction equipment manufacturer Caterpillar (CAT) delivered solid top-line growth in its last reported quarter. The company’s growth prospects look bright, thanks to healthy demand and increased federal infrastructure spending. The stock recently hit its 52-week high and outpaced the broader market by gaining more than 35% over the past six months. However, given macro headwinds…
The major market indexes endured a difficult time last year amid high inflation and the Fed’s rate hikes. With the Fed stating that high-interest rate hikes will continue through 2023, the market could remain under pressure. Therefore, it could be wise to buy trending stocks Salesforce (CRM), Altria Group (MO), and General Motors Company (GM)…
Leading chocolate manufacturer Hershey’s (HSY) shares have gained more than 14% over the past year, compared to the broader S&P 500 index’s 18% decline. The company reported impressive third-quarter results and raised its full-year financial outlook, reflecting higher-than-anticipated consumer demand and favorable price elasticities across its segments. Given HSY’s strong momentum, robust profitability, and reliable…
Hey y’all! Happy 2023! I hope everyone is ready to ring in the new year with happiness and positivity. Unfortunately, there’s a chance the stock market (SPY) is planning to do the exact opposite. Let me walk you through what I’m seeing. shutterstock.com – StockNews (Please enjoy this updated version of my weekly commentary published…
Alan Greenspan is 96. He served five terms as the Federal Reserve chair over 19 years and under four presidents. So when he doubts the Fed’s recent rate hikes, plenty of people listen. Bloomberg | Getty ImagesAlan Greenspan in 2019. As CNN reports, Greenspan is an economic adviser to Advisors Capital Management. On Tuesday, the…
Educators concerned that the viral popularity of OpenAI’s ChatGPT will lead to waves of generic-sounding, mostly AI-written essays might have reason to relax. Princeton student Edward Tian devoted a portion of his holiday to writing GPTZero — an application that can identify text authored by artificial intelligence. NurPhoto | Getty Images Tian posted a couple…
According to Salesforce co-CEO Marc Benioff, the company is cutting up to 10% of its current staff. In an email noted by Business Insider, Benioff blames mid-pandemic hiring practices. Bloomberg | Getty Images The business “environment remains challenging,” Benioff wrote in the email sent January 4, “and our customers are taking a more measured approach…
How’s this for a plot twist? In 2020, romance book author Susan Meachen’s daughter announced on Facebook that her mom had committed suicide. Meachen was much admired in the indie romance book community, and the thoughts and prayers poured in. Meachen published ten romance novels. Her “final” book, Love To Last A Lifetime, was supposedly…
Opinions expressed by Entrepreneur contributors are their own. As I walk the CES show floor each year, I’m awed by the world-changing innovations put on display by our country’s top entrepreneurs, inventors and businesses. While innovation can happen anywhere and exhibitors join us from around the globe, it’s not just our Las Vegas location that…