There’s a 12% correction looming for the stock market by the end of the year, Stifel says
Investors should prepare for a sharp and quick correction in the stock market before the end of the year, according to Stifel. In a note on Thursday, chief equity strategist Barry Bannister of Stifel warned that the S&P 500 could trade 12% lower in the fourth quarter. “Our instruments tell us to expect an S&P…
Ikea’s fleet of 250 autonomous drones takes stock of warehouse inventory without any human intervention
Ikea has a fleet of 250 drones across its dozens of warehouses. Three years ago, a drone took flight at an Ikea warehouse in Switzerland for the first time. More than 250 drones now operate across 73 Ikea distribution centers in nine countries. They take stock of inventory and capture images of missing or misplaced…
Here’s what Google’s new finance chief will need to do to keep investors happy
Google’s new chief financial officer Anat Ashkenazi Google’s new chief financial officer, Anat Ashkenazi, has only been on the job for a few weeks, and Wall Street analysts already have some pointers for her. Ashkenazi, who was previously CFO at Eli Lilly and Company, took the reins from Alphabet’s previous finance chief, Ruth Porat, in…
Apple’s new iPhone 16 just hit stores. Customers told us why they bought it.
Apple’s new iPhone 16 hit stores Friday. Thousands upon thousands of people descended on Apple stores around the world on Friday morning to get their hands on the new iPhone 16. B-17 spoke with customers who lined up at Apple’s flagship Fifth Avenue store in New York to hear why they’re getting the new device.…
Elon Musk says the FAA should make Boeing pay for putting the Starliner astronauts at risk, not fine SpaceX ‘for trivia’
Elon Musk said the Federal Aviation Administration (FAA) should punish Boeing for its Starliner failures rather than impose “petty” fines on SpaceX. In a Thursday X post, Musk expressed his displeasure with the FAA’s proposed $633,009 fine for SpaceX. The regulator on Tuesday accused SpaceX of violating the terms of its launch licenses during two…
Amazon RTO push is like ordering a new dish at a restaurant, only to realize you like your usual order better, says ex-Google HR boss
Laszlo Bock is the CEO and cofounder of Humu. Amazon’s new five-days-a-week return to office policy is “a triumph of traditional management over innovative management,” a former top Google executive says. Laszlo Bock told Fortune that by mandating full-time office attendance for office-based employees, Amazon is returning to familiarity instead of favoring innovation. Bock led…
Mark Cuban says Trump’s billionaire backers know they can manipulate him because he’s ‘so transactional, and so devoid of core values’
Mark Cuban said Donald Trump lacks character. Mark Cuban has a take on why former President Donald Trump has some big backers out in Silicon Valley — and it has a lot to do with Trump’s character, he said. The billionaire investor and “Shark Tank” star discussed Trump’s politics in an interview with YouTuber Brian…
Stock market today: Indexes edge down as traders hit pause after rally to record highs
US stocks traded sightly lower on Friday as investors pressed pause on the ongoing rally to record highs. The muted trading activity on Friday followed Thursday’s trading session, which saw the S&P 500 and Dow Jones Industrial Average indexes leap to record highs, while the Nasdaq 100 surged nearly 3%. Those gains were sparked by…
An under-the-radar corner of the stock market has the green light for a ‘powerful’ catch-up rally, Goldman Sachs portfolio manager says
An overlooked part of the stock market is poised for big gains. That’s according to Greg Tuorto, a portfolio manager at Goldman Sachs Asset Management who says he sees a big “catch-up” rally coming for small-cap stocks. He told CNBC in an interview on Thursday that that’s due to a confluence of bullish factors, including…
