FINANCE
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2 Magnificent Stocks to Buy That Are Near 52-Week Lows
It’s been an excellent year for stocks amid a resilient macroeconomic backdrop. The S&P 500 index is up 20% year to date with several high-profile companies delivering spectacular returns heading into 2025. At the same time, not all stocks have rallied alongside the market. Looking at some of the laggards can sometimes uncover a high-quality gem that has been beaten…
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Nvidia replaces Intel on the Dow index in AI-driven shift for semiconductor industry
NEW YORK (AP) — Nvidia is replacing Intel on the Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor company that has fallen behind as Nvidia cornered the market for chips that run artificial intelligence systems. Paint-maker Sherwin-Williams will also replace chemical company Dow Inc. among the companies that make up the 30-stock average. S&P Dow Jones Indices…
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One chart shows how AI will drive another decade of US stock market dominance
US companies already dominate the global stock market when it comes to size. A new chart from JPMorgan Asset Management shows that’s largely expected to continue. The firm attributes the boom to artificial intelligence. In JPM’s 2025 Long-Term Capital Market Assumptions released on Monday, the team projected that US companies’ market cap share of the total global equity market will…
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Newmont Drops as Cost Struggles Undermine Gold Profit Surge
(Bloomberg) — Newmont Corp. shares fell after the market digested disappointing earnings results that signal the world’s top gold producer is struggling to control costs at its mines and capitalize on surging bullion prices. Most Read from Bloomberg Newmont’s stock fell as much as 4.9% in New York Thursday, a day after posting third-quarter results that missed analysts’ estimates on…
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Do millionaires keep their money in checking accounts?
The habits of millionaires are a topic of interest when it comes to financial advice. After all, unless they received a large chunk of money as an inheritance or gift, most millionaires had to be smart with their money to get where they are. Learning how millionaires accumulate wealth — and where they keep it — can provide valuable insights…
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With $900k in a Roth and $2,200 Monthly Social Security, Is Retiring at 66 Feasible?
A woman looks out of the window in her office and contemplates whether she can afford to retire at 66. SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. Imagine that you have $900,000 in a Roth IRA and collect another $2,200 per month in Social Security. Can you afford to retire at…
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Schwab soars on earnings beat as firm pays down costly debt
(Bloomberg) — Charles Schwab Corp. (SCHW) shares jumped after reporting earnings per share that topped analyst estimates and curbing some of its expensive debt — a sign the firm has moved past a bout of turbulence last year. Most Read from Bloomberg The company said adjusted earnings per share for the third quarter were 77 cents, beating analyst forecasts. Adjusted…
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The Newest Artificial Intelligence Stock Has Arrived — and It Claims to Make Chips That Are 20x Faster Than Nvidia
The artificial intelligence chipmaker Nvidia (NASDAQ: NVDA) has amassed close to a $3.2 trillion market cap, making it one of the world’s largest chipmakers. It now consumes more than 6% of the broader benchmark S&P 500 index. Over the last five years, Nvidia has grown annual revenue by 458% and the stock is up an incredible 2,009%. Given the potential…
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2 Artificial Intelligence (AI) Stocks That Could Go Parabolic
Many companies have witnessed a tremendous increase in their share prices over the past couple of years thanks to the growing adoption of artificial intelligence (AI), which is not surprising as this technology has created massive demand for both hardware and software. The good part is that AI is currently in its early phases of growth. IDC estimates that global…
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A GE spinoff’s stock is surging as it positions itself as the ‘supermarket’ for AI energy demand
The massive demand for energy as Big Tech races to build its AI infrastructure has been a tailwind for GE Vernova (GEV), the power equipment maker that spun out of iconic GE earlier this year. Shares of the Cambridge, Mass.-based company have been hovering near all-time highs, along with the broader S&P 500 Industrial ETF (XLI), as investors look to…
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