The “big beautiful bill” — championed by President Donald Trump and signed on Independence Day — is shaping up to be a windfall for Big Tech. The measure — officially called the “One Big Beautiful Bill Act,” or OBBBA for short — restores three tax provisions from the 2017 Tax …
When the tyranny of the “Magnificent Seven” ended, I always figured the money would go to the rest of tech. I also didn’t think that there would be anything left of the Mag 7 to invest in. They would all be obliterated as part of a source-of-funds move. Club name …
Hinge Health co-founders Gabriel Mecklenburg (left) and Daniel Perez (right). Courtesy of Hinge Health At digital physical therapy startup Hinge Health, CEO Daniel Perez used to recognize hard-working employees with the “Cockroach Award,” a distinction that brought with it a “cockroach squad” t-shirt and a cash payout. References to the …
Here are the biggest calls on Wall Street on Wednesday: Bank of America reiterates Spotify as buy Bank of America sees “profitability momentum” following earnings on Tuesday. ” SPOT reported a solid 1Q as gross margins and operating income were above our forecast, while revenue and [monthly active users] were …
Here are the biggest analyst calls on Wall Street on Monday: Bernstein upgrades Boeing to outperform from market perform Bernstein says the aerospace company is in the middle of a turnaround. “We upgrade Boeing to Outperform. Boeing is now making the progress it needed for the growth trajectory we expected …
Charles Coristine used to revel in working at Morgan Stanley. He loved the pace, even waking up in the middle of the night to trade in the Tokyo and London stock markets. In 2011, after nearly two decades on Wall Street, Coristine burned out. He tried multiple remedies: switching to …
President Donald Trump’s pause on sweeping global tariffs while keeping the pressure on China was good for a glorious, one-day rally last Wednesday. But, the next two sessions were divided — setting the stage for what could be more volatility this week as investors try to keep up with an …
Michael Saylor, chairman of MicroStrategy, speaks at the Bitcoin 2024 conference in Nashville, Tennessee, US, on Friday, July 26, 2024. Bloomberg | Bloomberg | Getty Images Last week, White House crypto czar David Sacks held his first press conference to discuss the future of crypto policy coming out of the …
Meta CEO, Mark Zuckerberg and Tesla and SpaceX CEO, Elon Musk Manuel Orbegozo | Chip Somodevilla | Reuters The news surrounding the power and efficiency of China’s DeepSeak roiled tech markets on Monday and landed just in time to give U.S. tech investors a reason to pay particularly close attention …
During the January Monthly Meeting on Thursday, I looked at catalysts in the year ahead for all 33 stocks in my Charitable Trust, the portfolio we use for the Club. These are specific long-term catalysts — say, six months to a year — that I expect to happen. If there …