CashNews.co When it comes to your finances, sports betting may be one gamble you don’t want to take. Wagering on sports can lead to poorer debt management and worse credit scores. Bettors are also more likely to increase their spending and shrink their investments, according to a pair of recent studies. The consequences are biggest […]
CashNews.co For the 33rd year, Daniels College of Business students in the class, “An Organized Walk Down Wall Street” recently spent five days immersed in the epicenter of the financial world: Wall Street, New York City. The students—who are both undergrads and grads—toured brokerage firms, investment banks, commercial banks and asset management companies, visited the […]
CashNews.co Microsoft (MSFT) received a rare Wall Street downgrade on Monday over concerns the tech giant’s artificial intelligence lead is diminishing and that it has become too reliant on Nvidia (NVDA) for its AI infrastructure. Analysts at D.A. Davidson downgraded the stock to Neutral from Buy, keeping their price target unchanged at $475, which still […]
CashNews.co Kmart is closing its last big-box store in the contiguous U.S., employees with the company told CBS MoneyWatch, capping the retreat of what was once America’s dominant discount retailer. Kmart will shutter its location at Bridgehampton Commons mall in Bridgehampton, New York, on October 20, two workers at the store said. The location is […]
CashNews.co It doesn’t take an investing genius to know that Nvidia (NASDAQ: NVDA) has been a huge winner from the artificial intelligence (AI) boom. The surging demand for graphics pressing units (GPUs) — driven largely by AI — has made Nvidia one of the largest companies on the planet. Can Nvidia grow even bigger? Yep. […]
CashNews.co NEW YORK (AP) — When Mykail James was 19 and working a holiday job at Victoria’s Secret, she took out a store credit card with a $2,000 credit line. When her school break was over, she realized she could no longer afford the payments. After missing a few, she paid off the card only […]
CashNews.co Few companies have attracted more attention this year than Nvidia. The chipmaker is on a roll thanks to the rapid rise of artificial intelligence, and its revenue, earnings, and stock price continue to grow incredibly fast. Nvidia’s shares are up by 137% this year. Some companies have performed even better, including one many investors […]
CashNews.co Stan Druckenmiller saw the potential for the next wave of artificial intelligence fairly early. That led him to take a big position in Nvidia in the fourth quarter of 2022. He added Microsoft in the first quarter of 2023, after it upped its stake in generative AI leader OpenAI. At the start of this […]
CashNews.co Alibaba Group Holding (BABA, 9988.HK)’s cloud computing services unit and semiconductor powerhouse Nvidia (NVDA) are collaborating on an artificial intelligence initiative that will enable Chinese automakers to advance the autonomous driving experience for smart vehicle owners. Alibaba Cloud, the digital technology backbone of the e-commerce giant, on Friday announced that collaboration, as it unveiled […]
CashNews.co My financial advisor says I shouldn’t pay 100% cash for a house — is it better to take out a mortgage and invest in the S&P 500 instead? If you have a lot of cash and are considering buying a property, you may be tempted to pay for the home outright. After all, not […]