Utilities are emerging as a hot play in 2025 as investors take notice of their role in powering the artificial intelligence movement – and many of the names also happen to pay attractive dividends. As the broader S & P 500 retreated on Tuesday, the Utilities Select Sector SPDR Fund (XLU) touched a fresh record….
Key Points Smart glasses look to be the most important growth pillar for EssilorLuxottica in the medium term, Citi analysts said as they reiterated their buy rating. Luxottica is developing smart glasses with Meta that can play music, take photos, and translate, using a neural wristband to interact with the device through hand gestures. The…
CNBC’s Jim Cramer argued that President Donald Trump’s deal with semiconductor giants Nvidia and AMD isn’t necessarily unprecedented. “There’s nothing novel at all about taking a 15% cut. It’s not like Trump’s collecting this money personally…that 15% goes straight to the Treasury,” he said. “To take a 15% cut on their Chinese sales is basically…
Key Points Investor scrutiny is set to increase this year as AI foundation model developers chart their way to becoming public companies, analysts said. It will be a “make or break” year for such companies, and OpenAI looks particularly “extended,” according to a Deutsche Bank note. “The key question is whether enterprise monetization, pricing power,…
Wells Fargo Securities’ bull case for gold calls for an eyewatering surge to $8,000, after bullion’s breakdown last month. Gold was among the hottest momentum plays of the year, before its tumble last month following the start of the U.S.-Iran war. In March, gold futures dropped nearly 11% — their worst month since June 2013….
JetBlue Airways is moving forward with its flight plans at Fort Lauderdale–Hollywood International Airport, its president said, regardless of whether the airport’s No. 1 carrier, Spirit Airlines, gets a government bailout. JetBlue, United Airlines, Frontier Airlines, Breeze Airways and others added flights last year at Fort Lauderdale, which is Spirit’s home hub, as well as…
If you’re looking to save some cash, you have a small window of opportunity to lock in a guaranteed, inflation-beating return before savings rates fall further. Why’s that? The Federal Reserve is meeting next week to decide if there will be another rate cut and it’s pretty much a given. After weakening jobs data, the…
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NEW YORK — Three authors who demonstrated how scientific research can be wedded to literary grace have been awarded $10,000 prizes. On Wednesday, the National Book Foundation and the Alfred P. Sloan Foundation announced the winners of the fifth annual Science + Literature awards. The books include Kimberly Blaeser’s poetry collection, “Ancient Light,” inspired in…
A Spirit Airlines aircraft undergoes operations in preparation for departure at the Austin-Bergstrom International Airport in Austin, Texas, on Feb. 12, 2024. Brandon Bell | Getty Images Spirit Airlines has warned of going-concern doubts, just months after emerging from bankruptcy, as weak domestic demand and dwindling cash reserves strain its operations. Adverse market conditions such…
