Austin Smith - Editor for 24/7 Wall St.
Lastest Stories by Austin Smith
: Google faces a possible breakup due to an antitrust case, which could impact its market power. The Pixel 6, featuring advanced AI, struggles against the iPhone due to low market share. Investors...
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: 23 NATO members now meet the 2% defense spending target, including the U.S., U.K., and Greece. Poland leads with over 4%, and the Baltic states have significantly increased spending due to...
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: Major NATO members falling short of the 2% target include Canada, Italy, Spain, and Belgium. Reasons include Canada’s low urgency, Italy’s high debt, and Spain’s historical reluctance....
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: House and Senate results will shape U.S. support for Ukraine and Taiwan. Bipartisan support exists, but deals will be challenging. A divided government may slow, but not stop, international...
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: NATO members committed to 2% GDP defense spending in 2014; now 23 of 32 meet the goal. U.S., U.K., and Greece were initially the only countries meeting this target. The Russia-Ukraine conflict has...
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: Starbucks struggles with high prices and competition, even under new leadership. The new CEO faces challenges and progress is expected to be slow. Concerns over the CEO’s decision to work from...
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: A Trump victory may push for a peace deal with Ukraine ceding territory to Russia. Trump criticized Biden’s support for Ukraine’s cross-border actions. European nations also limit military aid...
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: Walgreens faces challenges after overexpanding, including buying Boots in Europe. They cut their dividend and may need to do so again unless they sell assets. Walgreens is laying off staff and...
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: Warner Brothers struggles against tech giants like Netflix, Apple, and Amazon in the movie and streaming industry. Tech companies’ vast resources outmatch traditional studios, making Warner’s...
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: Palantir, originally focused on government data, is now expanding into AI and other sectors, driving recent stock gains. Earnings jumped 27%, with AI hype boosting its valuation. The company is...
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: The U.S. is NATO’s largest financial contributor. Trump proposes a “two-tier” NATO, limiting U.S. protection for non-contributing members. A Trump victory could increase pressure on NATO...
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: CNN, owned by Warner Brothers Discovery, struggles with declining viewership as people shift to online news. Once respected, CNN now ranks third among cable networks, despite multiple reinventions....
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: The AT&T and Discovery merger has been a financial disaster, leading to major losses and a $9.1 billion write-off. Promised synergies haven’t materialized, and traditional media assets are...
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: Annuities have high fees and low liquidity; they’re often better for brokers than investors. Consider low-cost mutual funds or treasury funds for more flexibility. Avoid annuities unless...
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: Warren Buffett sold half of his Apple stake and now holds $277 billion in T-bills, earning $12-13 billion annually in interest. His move suggests he sees limited value in the current market, with...
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