Author: Money Mechanics

Key Takeaways BCA researchers in a note this week recommended shorting the stocks of U.S. hyperscalers and going long Asian chipmakers in anticipation of an AI stock pullback.There’s a good chance Big Tech’s massive AI investments deliver subpar returns on investment, BCA says, which it believes will depress their stock valuations even if their profits continue to grow. The boom-bust cycle that has lately powered a pullback in cryptocurrencies and precious metals is coming for AI stocks, according to BCA Research. And they have an idea for how to play it. BCA’s analysts this week recommended going long Korean and…

Key Takeaways Block shares tumbled Friday after the payments provider posted weaker-than-expected earnings and higher expenses.Cash App remains a big source of growth for Block, outpacing Square’s gross profit gains for the third quarter. Block (XYZ) shares slumped Friday after the fintech company’s quarterly results fell short of Wall Street’s expectations on the top and bottom lines. The stock was down about 10% in recent trading, leading decliners in the S&P 500. Read Investopedia’s full daily markets coverage here. Block reported adjusted earnings of 54 cents a share on revenue that rose about 2% year-over-year to $6.11 billion in the third quarter. Both figures…

To help you understand the trends surrounding AI and other new technologies and what we expect to happen in the future, our highly experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts. (Get a free issue of The Kiplinger Letter or subscribe.) You’ll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest…It’s not easy to make sense of the artificial intelligence arms race. Astronomical sums are being spent on building AI data centers, with circular financing deals…

It all started sixteen years and $50,000 ago. I needed an excuse to get my infant daughter to sleep and couldn’t admit complete failure by driving around aimlessly.So I strapped her into the car seat, hopped in the SUV, and hit the Starbucks drive-thru. I’m a new mom — who doesn’t need caffeine? And if she falls asleep…She was conked out by the time I had my drink in hand, and I spent the rest of her nap in the driveway, working in my car. From just $107.88 $24.99 for Kiplinger Personal Finance Be a smarter, better informed investor. CLICK…

Key Takeaways The University of Michigan Consumer Sentiment Index fell to 50.3 in November, the lowest level since June 2022, while its survey results on current economic conditions were at the lowest point in the report’s 73-year history.While consumers had previously brushed off the government shutdown, this month’s results showed that the budget battle was weighing more heavily on people’s perception of the economy.  Consumers have been relatively unfazed by the U.S. government shutdown up until now, a closely watched survey revealed Friday. The Michigan Consumer Sentiment Index fell to 50.3 in the preliminary reading for November, a low not seen…

If you bought or leased a Toyota, Lexus or Subaru in the past few years, it may be worth checking whether your vehicle is part of a new safety recall. Many models with advanced camera systems are affected.Toyota and Lexus have recalled more than one million vehicles due to a software issue in the Panoramic View Monitor. Subaru models using the same system are included. The problem can cause the rear camera image to freeze or go blank when reversing.This matters because rear visibility is a required safety feature. Even a brief loss of the back up camera image can…

Key Takeaways Elon Musk said Tesla would need a “gigantic” semiconductor fabrication plant to support its AI ambitions and that he’s considering working with Intel to make new chips.Such a deal would likely boost Intel’s stock and sentiment around its trajectory. It could also buy some political goodwill for Tesla. After a string of recent high-profile deals for Intel, could one with Tesla be next? The question became inevitable after Tesla (TSLA) CEO Elon Musk told investors at the electric vehicle maker’s shareholder meeting yesterday that the company, which has increasingly shifted its focus on AI and robotics, would need…

Recently I was stopped in my tracks by a newspaper column headlined “I Was Terrible at Money. My Daughter Should Learn From My Mistakes.”The young woman columnist went on to say her own mother had taught her that it was “vulgar to talk or even really think about money.” As a result, she laments, “I am somehow terrified of anything to do with finances.” And she “sometimes worries about passing along these extraordinarily unhelpful attitudes to my own children.”As someone who has been writing about women and money for more than two decades, I find that both disheartening and frustrating.…

Tesla Shareholders Back Elon Musk’s Big New Pay Package 36 minutes ago The fate of Tesla—or, at least, the answer to the question of whether its chief Elon Musk stays or walks—may have been settled at today’s shareholder vote. A preliminary tally on this year’s 14 proposals, which include giving Musk greater control over Tesla (TSLA) as well as a trillion-dollar pay package, was rolling in late Thursday at a shareholder meeting that started after the close of trading. In that vote, the company said, more than 75% of voters moved to approve the proposal. The crowd assembled for the meeting cheered…

Thank you, President Nagel and the Bundesbank, for the opportunity to meet with you today.1 I am excited to be here. I cherish opportunities to talk with groups of young people such as this. I spent most of my career as a professor and university administrator. I am glad to return to those roots a bit today. I will make sure I leave plenty of time for questions. But I would like to start by speaking with you about a topic that’s been on my mind, and I bet it has been on many of yours: artificial intelligence (AI). Often,…