- U.S. inflation eased and retail sales increased in May. And the Federal Reserve said it expects to cut rates once this year.
- The S&P 500 hit a record high. Economist Harry Dent predicted a “crash of a lifetime” next year.
- U.S. gasoline prices dropped despite summer travel. Used car prices also declined. The IEA warned of an oil glut by 2030.
- Apple unveiled its AI strategy at WWDC and its stock hit an all-time high. Broadcom beat earnings estimates and announced a 10-for-1 stock split.
- Tesla shareholders voted to reinstate Elon Musk’s pay package. Musk dropped a lawsuit against OpenAI but is being sued for sexual harassment.
- The European Union announced tariffs on Chinese EVs. Chrysler and Kia recalled vehicles.
- Activist investor Elliott took a big stake in Southwest Airlines. Paramount-Skydance merger talks ended. Johnson & Johnson reached a talc settlement with states. An Alzheimer’s drug got an FDA endorsement. Meta plans to cut the number of its VP positions.
Price Prediction: Nvidia Will Hit $150 by the End of Summer After Its Stock Split
See why, after its stock split, Nvidia Corp. (NASDAQ: NVDA) will continue to head higher and why its recent share price gains reflect Wall Street fully appreciating just how much money the company will make in the coming years.
10 Life Lessons From Warren Buffett Every Person in Their 70s Should Hear
Warren Buffett’s philosophy is built on core principles of lifelong learning and a focus on living well, two things anyone in their golden years can get behind. Check out these Buffett life lessons that anyone in their 70s should hear.
One Magnificent 7 Stock Has 25% Upside, According to Wall Street
The Magnificent 7 stocks have been driving the markets higher in 2024, and the clear leader has been Nvidia Corp. (NASDAQ: NVDA), whose market cap just crossed the $3 trillion threshold. If the most bullish of Wall Street estimates are right, its shares have another 25% upside potential.
Forget Intel: This Stock Is the Next Millionaire Maker
Once overshadowed by its rival, Advanced Micro Devices Inc. (NASDAQ: AMD) is now a disruptive force poised to capitalize on its competitor’s missteps. AMD offers a high-risk, high-reward opportunity to become a millionaire-maker stock.
Five Safe Warren Buffett Dividend Stocks to Buy for a Potentially Scary Summer
With the stock market horribly overbought and likely poised for a severe correction, Bank of America Corp. (NYSE: BAC), Coca-Cola Co. (NYSE: KO), and these other Berkshire Hathaway holdings make sense for investors now, as they all have big, dependable dividends.
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