Austin Smith - Editor for 24/7 Wall St.
Lastest Stories by Austin Smith
: 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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: Perplexity, an AI company, raised $250 million to build a better search engine than Google. AI’s potential could challenge Google’s long-standing dominance. A non-political, effective...
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: Most big companies seem overvalued, with the S&P 500 trading at high multiples. Warren Buffett’s recent stock sales hint he’s preparing for a potential market downturn. He may be waiting...
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: Google faces legal challenges and new AI competition, threatening its search dominance and market cap. Justice Department ruling and emerging search engines like Perplexity could erode Google’s...
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: ARMs are becoming attractive again with expected rate declines, offering lower initial payments. Ideal for early homebuyers, but plan for possible rate increases after the initial period. Consider...
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: Consider a pairs trade: long Microsoft, short Alphabet, due to Google’s antitrust issues. The Justice Department’s ruling could weaken Google, making this strategy potentially profitable....
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: HELOCs are a good option for homeowners, especially seniors, to access cash without selling their home. Rates are reasonable and can be used to invest in higher-yield assets. Start by checking with...
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