Forecast for the week of October 21-25, 2024

Forecast for the week of October 21-25, 2024

Earnings next week will play a crucial role in determining the direction of the stock market. A significant number of companies are set to report their third-quarter results in the coming days, with approximately 20% of the S&P 500 index expected to release their earnings. Some of the notable names include Amazon and Tesla, which … Read more

Bank of America predicts Nvidia stock could rise by 38% due to exceptional AI opportunity

Bank of America predicts Nvidia stock could rise by 38% due to exceptional AI opportunity

Bank of America analysts recently increased their price target for Nvidia stock to $190 per share. They believe that the AI market is poised to reach $400 billion, presenting Nvidia with a significant opportunity for growth. The analysts highlighted Nvidia’s competitive advantage over its rivals, citing strong partnerships with enterprise clients as a key factor … Read more

Cuba begins gradual power restoration following widespread blackout, reports Reuters

Cuba begins gradual power restoration following widespread blackout, reports Reuters

By Dave Sherwood and Marianna Parraga Cuba has restored a trickle of power to its grid by mid-evening on Friday, officials said, hours after the island plunged into a countrywide blackout following the collapse of one of its major power plants. The vast majority of the country’s 10 million residents were still in the dark … Read more

Is a ‘full fat’ Budget unattainable – what compromises need to be made?

Is a ‘full fat’ Budget unattainable – what compromises need to be made?

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In the July election, voters demanded a responsible government that would borrow wisely, fix public services, grow the economy, and minimize tax increases. Labour promised all of this. Now in government, they have to face … Read more

Director of Google DeepMind advocates for clear and consistent AI regulations

Director of Google DeepMind advocates for clear and consistent AI regulations

In the aftermath of the California governor’s veto of extensive AI safety legislation, a Google DeepMind executive is urging for a consensus on what defines safe, responsible, and human-centric artificial intelligence. “My hope for the field is that we can achieve consistency, so we can fully reap the benefits of this technology,” said Terra Terwilliger, … Read more

Berkshire Hathaway increases investment in Sirius XM following Malone agreement

Berkshire Hathaway increases investment in Sirius XM following Malone agreement

Warren Buffett is increasing his investment in Sirius XM Holdings Inc., as Berkshire Hathaway Inc. continues to purchase more shares of the radio broadcasting company for its portfolio. According to regulatory filings, the conglomerate bought $42 million worth of shares over the course of three days last week. Currently, Berkshire Hathaway holds a stake of … Read more

North Korea Claims Recovery of Downed South Korean Military Drone, According to KCNA Reported by Reuters

North Korea Claims Recovery of Downed South Korean Military Drone, According to KCNA Reported by Reuters

North Korea claimed on Saturday that it had found the remains of a crashed South Korean military drone, indicating that it may have been on a propaganda mission as part of the ongoing tensions between the two countries involving flying objects crossing the border. According to the state news agency KCNA, the shape of the … Read more