Goldman Sachs recently introduced two new stock baskets based on corporate asset intensity, a metric that measures the ratio of assets to revenues. The firm’s strategy has focused on identifying lean companies with low asset intensity ratios, which have shown strong growth and outperformance in the market. In contrast, asset-heavy companies with higher asset intensity
US
Caitlin Clark, the star player for the Iowa Hawkeyes, made history in NCAA Division I basketball by becoming the overall top scorer, surpassing “Pistol Pete” Maravich’s record of 3,667 career points. Just two weeks after breaking the record for women, Clark achieved this milestone in a game against the Ohio State Buckeyes. This remarkable achievement
Waymo, a unit of Alphabet, recently obtained approval from the California Public Utilities Commission to broaden its robotaxi service to various parts of Los Angeles and the Bay Area. This significant development marks a crucial step in the advancement of autonomous vehicle technology in California. Waymo’s Approval for Expansion Waymo has been given the green
Ford electric vehicle owners in North America, including those with the Mustang Mach-E and F-150 Lightning, now have the ability to power up using Tesla Superchargers. Ford CEO Jim Farley mentioned in a LinkedIn post that this charging partnership, which involves fast-charging adapters, aims to enhance the overall EV ownership experience for Ford EV drivers.
Elon Musk, the visionary entrepreneur behind Tesla, first introduced the concept of a next-generation Roadster six years ago. Despite never materializing, Musk recently reignited excitement by promising a new Roadster that would surpass all expectations. In a series of posts on social media, Musk declared that the new Tesla Roadster would redefine the automotive industry,
In a significant victory, Donald Trump has emerged as the winner of the Michigan Republican presidential primary, as projected by NBC News. This victory once again solidifies Trump’s position as the frontrunner in the GOP, leaving his last primary rival, former United Nations ambassador Nikki Haley, trailing behind. Despite Haley’s determination to continue campaigning through
President Joe Biden recently expressed his hopes for a cease-fire in the Israel-Hamas war, indicating a strong desire to see an end to the ongoing conflict. During a visit to New York City, Biden stated that he is optimistic that a cease-fire could be achieved by the following week. The President’s national security advisor has
Zoom shares experienced a significant surge, climbing up to 13% in after-hours trading on Monday following the announcement of its fiscal fourth-quarter results. The company managed to surpass analysts’ expectations on several key metrics, with adjusted earnings per share coming in at $1.22 compared to the anticipated $1.15, and revenue reaching $1.15 billion versus the
The stock market has experienced significant upward momentum, with Warren Buffett’s Berkshire Hathaway reaching a 52-week high. This surge in stock prices is fueled by the recent announcement of Nvidia’s blockbuster earnings, which has propelled the market to new heights. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite have all seen substantial gains,
Recent reports indicate that the U.S. military has been closely monitoring an unidentified “small” balloon flying at high altitudes over the western region of the country. After being spotted over Utah, a fighter aircraft was dispatched to observe the balloon, which is hovering at an altitude between 43,000 to 45,000 feet. Despite its presence, officials