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
The stock market is supposed to be efficient, discounting all available information into corporate valuations immediately. It’s pretty good at being efficient, but not everything makes sense all the time. Take the multi-trillion-dollar car industry. It isn’t easy to square how shares of different auto makers are valued. Start in the U.S. General Motors and … Read more
Both interest rates and the stock market have risen handily in 2023, despite the former being a headwind to the latter. The question is how long it will be before one or the other blinks. Although the returns on cash and bonds can’t really compare to equities longer term, it’s easy to see why higher … Read more
The latest and final stock sale of Madison Square Garden Entertainment by its former parent, Sphere Entertainment Group, is clearing an overhang and looks bullish for the owner of the Madison Square Garden arena in Manhattan. Madison Square Garden Entertainment (ticker: MSGE) said Monday that Sphere Entertainment Group (SPHR) had begun a sale of 7.15 … Read more