With the S&P 500 already up 26% from a low point in late October, money is starting to pour into European stocks. Investors should expect that to continue. The S&P 500 has become expensive, while the Stoxx Europe 600 hasn’t. The S&P 500 is now trading at 20.7 times the per-share earnings its component companies … Read more
Are Oracle and Microsoft rivals or partners when it comes to artificial intelligence? Both, judging by their latest announcements. Oracle ’s recent earnings staked out its claim to be an AI winner as it reported strong demand for its cloud services. That has boosted its stock and helped it get an upgrade to Buy from … Read more
“‘I do think that there’s this whole vibe with Apple fanboys, which I find kind of a little funny, where it’s like a lot of people just get upset if you dare to question if Apple is going to lead in a new space.’” That was Meta META, -2.21% CEO Mark Zuckerberg talking about his … Read more
Another day brings yet another salvo in the artificial-intelligence wars. No sooner had Alphabet introduced an upgrade to its AI model than OpenAI struck back with a new video-generation tool and was reported to be taking aim at the search-engine market. Microsoft -backed OpenAI on Thursday made a buzzy public announcement of the launch of … Read more
Stock-market investors may take their cues from a series of important events in the week ahead, including the Federal Reserve’s monetary-policy meeting, a closely-watched December employment report and an onslaught of earnings from megacap technology names, which all promise insight into the state of the economy and interest-rate outlook. The benchmark S&P 500 index SPX … Read more
It is always a stockpicker’s market. You just have to pick the right stocks. If you picked the so-called Magnificent Seven last year—a group of highflying, mostly tech stocks that powered the S&P 500 index to a 24% gain—you looked in the mirror and beheld a genius. This year, it might be wise to avoid … Read more
Updated Jan. 10, 2024 9:04 am ET Western importers are reporting a steep rise in ocean-shipping rates and weekslong delays as carriers divert ships from the Red Sea to avoid Houthi rebel attacks. Some companies shipping goods on the crucial trade lane are starting to chafe at the rising prices and extra fees that ocean … Read more
Medical Properties Trust, the country’s largest hospital landlord, said it would record about $350 million of write-downs related to its largest tenant, which had fallen behind on its rent, and hired a well-known restructuring adviser. MPT, which had long supported Dallas-based Steward Health Care System, said more write-downs are possible. The news, released Thursday after … Read more
Updated Jan. 4, 2024 2:13 pm ET In its certification, Airbus was required to prove that its A350 aircraft can be evacuated in less than 90 seconds. In Tuesday’s collision in Japan, the last crew member escaped the aircraft after 18 minutes—but there were still no casualties. The sizable discrepancy, for the moment, represents a … Read more
Published: Dec. 21, 2023 at 6:13 p.m. ET By Stephen Nakrosis Industrial gas supplier Global Hydrogen Energy and blank-check company Dune Acquisition said the SPAC’s shareholders approved a deal that will see the combined company go public. Shares of the combined company, Global Gas, are expected to begin trading on the Nasdaq Capital Market under … Read more