Goldman Sachs latest Wall Street bank to see stock gains next year
November 16th, 2023 07:27
The team, led by David Kostin, joins others who have turned more positive about the outlook for equities, like Morgan Stanley's Michael Wilson. Meanwhile, Bank of America Corp.'s Michael Hartnett has said investors have moved to overweight positions in stocks and bonds.
Nvidia's record rally may be showing signs of overheating
November 16th, 2023 07:27
Shares of the Santa Clara, California-based company have climbed 22% during their latest surge, adding about $220 billion in market value, according to data compiled by Bloomberg. This has propelled their relative strength index, a 0-100 gauge of bullish and bearish price momentum, above 70 on Tuesday.
Elon Musk denies report of potential Starlink IPO in 2024
November 16th, 2023 07:27
The billionaire entrepreneur has previously said he intended to list Starlink when revenue growth and cash flow became smooth and predictable. Earlier this month, he said Starlink had achieved cash-flow breakeven.
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