Goldman Sachs has introduced a new concept of stock baskets based on corporate asset intensity, defined as the ratio of assets to revenues. This innovative approach has led to the creation of two distinct baskets – one consisting of asset-light stocks and the other comprising asset-heavy stocks. According to Goldman Sachs, the asset-light stocks have
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Caitlin Clark, the star player for the Iowa Hawkeyes women’s basketball team, has shattered records and made history in NCAA Division I basketball. Just two weeks after breaking the record for women’s career points, she surpassed the overall all-time scoring record for NCAA basketball, previously held by “Pistol Pete” Maravich. With 22 years of age,
Alphabet’s Waymo has received approval from the California Public Utilities Commission to expand its robotaxi service to parts of Los Angeles and the Bay Area. This approval allows Waymo to begin offering driverless passenger services in specified areas of Los Angeles and the San Francisco Peninsula. The expansion of Waymo’s service has sparked concerns among
The recent announcement of Ford electric vehicle owners being able to utilize Tesla Superchargers marks a significant shift in the strategy of Elon Musk’s Tesla. This partnership, along with a similar agreement with General Motors, signifies a departure from the exclusivity that Tesla’s charging network once held. Ford CEO, Jim Farley, expressed optimism about the
Elon Musk, the visionary behind Tesla, has once again captured the attention of the public with his bold claims about the new Tesla Roadster. Six years ago, Musk originally hyped a next-generation Roadster but failed to deliver a refreshed version. However, he is now promising a new Roadster that will surpass all expectations. Musk has
In a surprising turn of events, Donald Trump has secured a victory in the Michigan Republican presidential primary, triumphing over his last primary rival, Nikki Haley. This latest win solidifies Trump’s position as the clear frontrunner for the GOP nomination, paving the way for a potential rematch with President Joe Biden in the general election.
President Joe Biden expressed his hopes for a cease-fire in the Israel-Hamas conflict by the following week during a press conference in New York City. He mentioned that his national security advisor has informed him that the negotiations are close, but not yet finalized. The White House has been actively engaging in cease-fire negotiations, with
Zoom shares saw a significant 13% increase in extended trading following the release of their fiscal fourth-quarter results, surpassing analysts’ expectations. The company reported earnings per share of $1.22, adjusted, outperforming the anticipated $1,15. Revenue also exceeded estimates at $1.15 billion, compared to the expected $1.13 billion. Despite a slight revenue increase of less than
The stock market is currently experiencing a period of growth, with major indices such as the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite reaching new record highs. Berkshire Hathaway, under the leadership of Warren Buffett, has seen its shares reach a 52-week high, fueled by an 8.7% increase this month and a 17%
The U.S. military is currently keeping a close eye on an unidentified “small” balloon flying at high altitudes over the western part of the country. This mysterious balloon, floating between 43,000 to 45,000 feet, caught the attention of officials when it was spotted over Utah earlier today. Despite its unusual presence in the sky, officials