Given the secular increase in the acceptance of worldwide electric vehicle sales, EV stocks remain a major concern for the investing world. Estimates for 2024 show that EV sales might reach over 17 million units—more than 20% of all cars sold worldwide. Under current legal circumstances, electric vehicles are expected to make up around 55%
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As more investors take some AI stock profits off the table, those seeking to bet on the next boom phase may just have an opportunity to do so at a slight discount. Of course, buying dips and braving corrections can come with near-term risks. Some edge AI stocks seem to be a better deal today
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The Wall Street Journal reported on July 16 that the investment banking revenue of multiple Wall Street banks rose by double-digit percentage levels last quarter. As a result of increased economic stability in the U.S., the firm’s corporate clients utilized more banking services, including deal advisory and debt offerings. Moreover, many firms’ asset-and-wealth management revenue
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Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman is postponing the highly scrutinized listing of Pershing Square’s U.S. closed-end fund, according to a notice on the New York Stock Exchange’s website. The initial public offering of Pershing Square USA Ltd, with the ticker PSUS, has
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Leading contract chip manufacturer Taiwan Semiconductor Manufacturing (NYSE:TSM) has undeniably been a market darling so far in 2024. The stock’s ascent to an all-time high of $193.47 on July 11 shows its dominant position in the global chipmaking landscape. TSM stock has surged over 50% year-to-date (YTD). It has significantly outperformed the Philadelphia Stock Exchange
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Tech stocks comprise many of the S&P 500 and the Nasdaq Composite. This sector features many high-growth companies that can scale their revenue and profits over time. Many corporations within the industry have annual recurring revenue models. However, a major weakness of most tech stocks is that they amass high valuations. Many investors get excited
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