It’s no secret that Artificial Intelligence (AI) stocks have dominated the market for the last few years. With firms like PwC — one of the “big four” accounting firms — making claims that AI could add $15.7 trillion to the global economy by 2030 — the hype makes sense.The revolution’s poster child, Nvidia (NASDAQ: NVDA), saw its stock skyrocket nearly 1000% from late 2022 to today, but the last few months have not been as kind. After reaching its highest peak in June, shares of Nvidia are down about 10%. More significant market fears mixed with slower growth have caused…
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Loop Media, Inc. (OTC Pink: LPTV), a provider of video services, has announced a series of executive changes, including the departure of its Chief Financial Officer (CFO) and three board members, effective September 30, 2024. The company confirmed the resignation of Directors Jon Niermann, David Saint-Fleur, and Sonya Zilka, stating that their departures were not due to disagreements on company operations, policies, or practices. Niermann will continue his role in sales and distribution within the company’s management team. Neil Watanabe, the outgoing CFO, left to pursue other opportunities after his employment agreement expired. Under a separation agreement effective October 4,…
The recent market volatility has created a golden opportunity for investors eyeing two tech giants: Alphabet Inc. (GOOGL) and Advanced Micro Devices, Inc. (AMD). Both companies have seen their stock prices fall considerably from their recent highs. While that might seem worrying, this dip offers an attractive entry point for investors, especially given the long-term growth potential of both companies, driven by advancements in artificial intelligence (AI) and data centers. With that in mind, let’s explore the fundamentals of these stocks in detail: Alphabet Inc. (GOOGL) With a current market cap of $2.04 trillion, Google’s parent company is known for…
Eightco Holdings Inc. (NASDAQ:OCTO), a short-term business credit institution, has announced a change in its independent registered public accounting firm, as detailed in a recent 8-K filing with the Securities and Exchange Commission. On September 30, 2024, Morison Cogen LLP resigned from its role as the independent auditor for Eightco Holdings. The resignation came as Morison Cogen ceased providing audit services to publicly traded companies. The company’s Audit Committee approved this change. Morison Cogen’s departure was also marked by the transition of the audit partner and manager responsible for Eightco Holdings’ audit to Stephano Slack LLC, which has since been…
Tesla, Inc. (TSLA) reported its third-quarter delivery numbers on October 2, falling short of what some analysts were expecting, causing the stock to drop over 6%. The EV maker delivered 462,890 vehicles between July and September, up 6.4% year-over-year. While this number marginally beat the average estimate of 462,000 vehicles, it didn’t quite meet higher expectations from Barclays and UBS, which had forecasted 470,000. Tesla’s Q3 numbers were also ahead of the 435,059 vehicles delivered in the same period last year and slightly better than Q2’s total of 443,956 deliveries. Of the 462,890 deliveries, 439,975 were for Tesla’s popular Model…
Shake Shack Inc . (NYSE:) Chief Financial Officer Katherine Irene Fogertey has sold a total of $66,824 worth of company stock, according to a recent SEC filing. The transactions, which took place on October 2nd and 3rd, involved shares of the company’s Class A common stock being sold at prices ranging from $101.585 to $104.8433. The sales were conducted under a Rule 10b5-1 trading plan, which was established by Fogertey on March 13, 2024. This plan allows corporate insiders to set up a predetermined trading arrangement for selling stocks at a time when they are not in possession of material…
A Wealth of Well-Being: A Holistic Approach to Behavioral Finance. 2024. Meir Statman. John Wiley & Sons. In A Wealth of Well-Being, Meir Statman, the Glenn Klimek Professor of Finance at Santa Clara University and a prominent thought leader in behavioral finance, explores how financial well-being can lead to life well-being through the third generation of behavioral finance. The first generation describes people as “irrational,” whereas the second generation describes them as “normal.” Statman likewise describes people as “normal” but broadens the lens of finance to see them as whole persons and show them in life well-being domains, including dating/marriage,…
Even when cities decide they want to make a dangerous, wide street safer, too often state highway departments veto it in the name of moving vehicles, writes Henry Grabar. (Slate) Statistics aren’t enough to change minds. We should build a national memorial to all the lives lost to car crashes. (Next City) A new study confirms that the number of curb cuts on an arterial road corresponds to pedestrian injuries and deaths. (Findings) Fighting for transit means fighting for economic growth, the climate and a better quality of life. (Otherwords) Like a lot of things, in the long run “pausing”…
By Daniel Wiessner(Reuters) – The U.S. Supreme Court agreed on Friday to decide whether it should be more difficult for workers from “majority backgrounds,” such as white or heterosexual people, to prove workplace discrimination claims.The justices took up an appeal by Marlean Ames, a heterosexual woman, seeking to revive her lawsuit against the Ohio Department of Youth Services in which she said she lost her job to a gay man and was passed over for a promotion in favor of a gay woman in violation of federal civil rights law.The Cincinnati, Ohio-based 6th U.S. Circuit Court of Appeals decided last…
Coupang, Inc. (NYSE:CPNG) has reported that one of its top executives, identified as Vice President of Search and Recommendations, has recently sold a portion of their company stock. According to the latest filings, the executive sold 956 shares of Class A Common Stock for a total of $23,163, with the shares being priced at $24.23 each. The transaction was conducted on October 2, 2024, and was disclosed in a filing dated October 4. The filing also noted that the sale was made to satisfy certain tax obligations related to the vesting and settlement of Restricted Stock Units that the executive…