Tesla Showed Humanoid Robot Optimus on Friday Night at AI Day 2022 Tiger Newspress 2022-10-01 11:37 Tesla Motors +0.31% Post Tesla Inc. AI Day 2022 is slated to get started “precisely” at 09:15 p.m. ET, according to Elon Musk. Musk along with other executives, including Tesla Director of Autopilot Software Ashok Elluswamy would likely make presentations. Notable updates expected out of the event are related to the Optimus Tesla bot, the full self-driving software, the Dojo supercomputer, Tesla’s neural network training supercomputer and possibly Robotaxis. Musk is hoping to use the event to hire the best AI talent who could drive innovation in that arena. Musk gets started with a reference to Optimus and reminds people that Tesla is a public company. He jestingly remarks even he is not imm

Oil Jumps More Than 3% Ahead of OPEC+ Meeting on Supply Cuts Reuters 2022-10-05 08:45 Brent Last Day Financial - main 2212 -0.23% Light Crude Oil - main 2211 -0.20% NEW YORK - Oil rose by nearly US$3 a barrel on Tuesday on expectations of a large cut in crude output from the Opec+ producer group and as a weaker US dollar made oil purchases less expensive. The Organization of the Petroleum Exporting Countries and its allies, known as Opec+, look set to cut output when they meet on Wednesday. The move would squeeze supply in an oil market that energy company executives and analysts say is already tight due to healthy demand, a lack of investment and supply problems. Brent crude settled at US$91.80 a barrel, up US$2.94, or 3.3 per cent. US West Texas Intermediate (WTI) crude closed US$2.89, o

If Not The Bottom, Then What?Seeking Alpha2022-09-26 16:51DJIA-1.62%NASDAQ-1.80%SummaryLeading central bank interest rates, set by to fight inflation, are attempting to peak in the near future.With sub-4% rates for US Treasuries, 10-year high-grade corporates at 4.6%, and medium-grades at 5.23%, the premium for government paper appears to be in place. However, it’s insufficient if demand curtailment works and drives up defaults.Did Friday’s stock market decline signal a bottom? Possibly, but it did not completely fit historical patterns.CaveatWe admit we don’t know what the future holds for us. I am falling back on my instinct to view things as bets with their own uncertain odds.Investment Markets Decline on September 23rdLeading central bank interest rates, sertt by to fight inflation, ar

5 Struggling Stocks to Buy at a DiscountMotley Fool2022-09-19 15:10Amazon.com-0.46%Walt Disney-0.30%KEY POINTSMoney can be made in bull markets, but fortunes are made in bear markets.So goes the Wall Street adage that's been proven right time and again.Long-term investors should focus on five years down the road -- not five weeks or months.Looking back at investing articles from 2009 and 2020, the worst years for stocks of the Great Recession and the pandemic, the fear in the market was palpable. But there were some brave souls with the foresight to look past the headlines -- those who did have been richly rewarded, as has been the case in every market correction. Forget timing the bottom; that's a fool's errand. Incrementally buying during those down times was ridiculously profitable.What

Should you buy index fund or individual stock right now?$Vanguard S&P 500 ETF(VOO)$ $SPDR S&P 500 ETF Trust(SPY)$ BullishInvesting in the stock market is one of the easiest and most effective ways to build long-term wealth, but choosing the right investments is critical.There are seemingly endless options, from low-cost index funds to individual stocks. There's not necessarily a right or wrong answer when it comes to where you invest, as it will largely depend on your personal preferences. Here's how to decide whether S&P 500 index funds or individual stocks are a better fit for your portfolio.S&P 500 index funds: What you need to knowAn S&P 500 index fund is a type of investment that aims to track the S&P 500 index itself. In other words, it includes the same stock

US STOCKS-Wall Street Ends Lower, Dow Confirms Bear MarketReuters2022-09-27 07:01DJIA-1.11%NASDAQ-0.60%Fed rate hikes have investors 'throwing in the towel'Casinos jump as Macau allows tour groups after nearly 3 yearsIndexes: Dow -1.11%, S&P 500 -1.03%, Nasdaq -0.60%Sept 26 (Reuters) - Wall Street slid deeper into a bear market on Monday, with the S&P 500 and Dow closing lower as investors fretted that the Federal Reserve's aggressive campaign against inflation could throw the U.S. economy into a sharp downturn.After two weeks of mostly steady losses on the U.S. stock market, the Dow Jones Industrial Average confirmed it has been in a bear market since early January. The S&P 500 index confirmed in June it was in a bear market, and on Monday it ended the session below its mid-Ju

Singapore mayimposemore taxes on the wealthy as it seeks more inclusive growth, its next prime minister Lawrence Wong signaled in an interview with Bloomberg News Editor-in-Chief John Micklethwait on Monday.The Southeast Asian financial hub, which has been a magnet for the well-to-do thanks to its low tax rates and modern infrastructure, is already planning toraise income taxesfor its richest residents, as well as duties on high-end property and luxury cars.Wong, who is also the city-state’s finance minister and deputy premier, has indicated the government needs to do more to tacklewealth inequalityas core inflation surges to a 14-year high.Yet it’s a fine balancing act. Overtaxing the wealthy could make the city less competitive with other nations looking to lure top talent and assets fro

3 Reasons Apple Stock Is a Great Buy Today Motley Fool2022-10-14 22:31 Apple -0.22% Post Apple is down less than the S&P 500 year to date, and some investors may be overlooking it as a good investment opportunity today. Instead, they may be searching for stocks that have seen worse declines. Investors may conclude that a rebound in the stock price will likely be less impressive than it will be for stocks that have seen steeper drops. But there's a reason the tech-giant's shares have been resilient: Apple is an outstanding business with strong long-term growth prospects. Here are several reasons why investors may want to consider buying shares of the tech company today while they're down about 20% year to date. 1. Apple generates massive amounts of cash One thing that may keep some inve

3 Stocks That Warren Buffett, Cathie Wood, and Wall Street All Like Right Now Motley Fool2022-11-06 10:51 Amazon.com +1.98% Post BYD Co., Ltd. -0.49% Red, white, and turquoise. Sausage, egg, and chocolate. Mickey Mouse, Donald Duck, and Wolverine. All three are unlikely trios. I'll add another to the mix: Warren Buffett, Cathie Wood, and Wall Street analysts. They aren't on the same page very often. But that doesn't mean they don't have any areas of agreement. Here are three stocks that Buffett, Wood, and Wall Street all like right now. 1. Amazon Berkshire Hathaway (BRK.A 0.75%) (BRK.B 1.27%) opened a position in Amazon (AMZN 1.88%) in 2019. Granted, it was other investment managers doing the buying rather than Buffett himself. However, Buffett clearly likes Amazon, referring to himself as

TSMC Chief Says Penny Chips Are Snarling Supply Chain Segments(Bloomberg) -- An endemic shortage of chips costing anywhere from 50 cents to $10 is slowing down swathes of the $600 billion semiconductor industry, Taiwan Semiconductor Manufacturing Co.’s top executive warned Tuesday.The persistent deficit of such low-end chips is holding up production in key segments of the supply chain, Chief Executive Officer C. C. Wei told attendees at a tech symposium. ASML Holding NV of the Netherlands is struggling to obtain $10 chips for its extreme ultraviolet lithography systems, or EUVs, he said. TSMC has dozens of the machines, which are critical for packing more power onto smaller slivers of silicon. Elsewhere, a 50-cent radio chip has been holding up the production of $50,000 cars, Wei said, wit