Image source: Getty Images When I look at how far the boohoo (LSE: BOO) share price has crashed in the past few years, I tend to forget I’m a victim of the fall. Maybe it’s some sort of mental protection mechanism. Brokers’ price targets vary depending on who we ask. But the average target for the next 12 months now looks to be about 36p. The shares are trading at just 29.4p at the time of writing, so that would be a 22% increase. Maybe there’s hope for us yet. What do we need? I’ve seen false hopes before though.…
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A recent report from UBS Global Wealth Management estimates that artificial intelligence revenue will reach $1.2 trillion by 2027. The analysts believe “AI will be the most profound innovation and one of the largest investment opportunities in human history.”The report breaks the investment opportunity into three layers: (1) the enabling layer, (2) the intelligence layer, and (3) the application layer. Listed below are three brilliant AI stocks (one for each layer) that billionaires were buying in the second quarter.Andreas Halvorsen of Viking Global Investors bought 1.3 million shares of Nvidia (NASDAQ: NVDA).Ken Griffin at Citadel Advisors bought 1.1 million shares…
The BMW K-series models, once overlooked by custom builders, have evolved into highly desirable canvases for unique creations. The K 1100 RS, in particular, has proven to be a popular choice, as evidenced by the stunning neo retro cafe racer crafted by Croatia’s Incerum Customs. This meticulously built machine, dubbed “Crni,” is a testament to the workshop’s skill and passion. The “Crni” is a testament to the versatility of the BMW K-series models, which were once overlooked by custom builders. The K 1100 RS, in particular, has proven to be a popular choice for custom builds, and the “Crni” is…
David Hester inspects damages of his house after Hurricane Helene made landfall in Horseshoe Beach, Florida, on September 28, 2024. Chandan Khanna | Afp | Getty ImagesHurricane Helene is ravaging communities across the southeastern United States as mass flooding and brutal winds descend on Florida, Georgia, North Carolina, South Carolina and Tennessee.As of Saturday, the Category 4 storm had killed at least 52 people, according to the Associated Press. Millions more have been left without electricity and some have been displaced from their homes, as trees get ripped from their roots and the torrent destroys people’s property.Evacuations began before the storm…
By Maayan Lubell and Maya Gebeily JERUSALEM/BEIRUT (Reuters) -Israel killed Hezbollah leader Sayyed Hassan Nasrallah in a powerful airstrike in Beirut, dealing a heavy blow to the Iran-backed group as it reels from an escalating campaign of Israeli attacks. The Israeli military said on Saturday it had eliminated Nasrallah in the strike on the group’s central command headquarters in Beirut’s southern suburbs on Friday. Hezbollah confirmed he had been killed, without saying how. Nasrallah’s death is a major blow to both Hezbollah and Iran, removing an influential ally who helped build Hezbollah into the linchpin of Tehran’s network of allied…
New Biden administration regulations could force automakers to consider pedestrians’ safety in crashes and finally put the brakes on “car bloat,” the ever-increasing size of trucks and SUVs. (Fast Company, Streetsblog) A new report reiterates that more people will bike if bike lanes are protected. (Streetsblog USA) A federal judge in Kentucky appears poised to strike down a U.S. DOT policy giving minority-owned businesses an edge for contracts. (Washington Post) New York Gov. Kathy Hochul wants to spend $1.3 billion on an upstate highway widening project that would save the average driver a max of six minutes. (Route Fifty) Denver’s…
Artificial Intelligence (AI) prodigy Nvidia (NVDA), the world’s third-highest-valued stock, experienced a material decline in market capitalization following its Q2 earnings in late August. However, NVDA stock has shown some vigor again, rising 5% in the last week. After temporarily surpassing the $3 trillion milestone earlier this year, investors are wondering what the future will hold. My thesis remains unchanged — I’m bullish on NVDA shares as an investment due to its clear AI supremacy and exponential growth potential.NVDA’s Long-Term AI-Driven Growth Trajectory Remains IntactIt is well known that NVDA is positioned for a long runway of growth with top-notch…
Interest rates move markets worth trillions of dollars, influence politics, impact the value of currencies, and even affect our grocery bills. Central bank press conferences announcing rate decisions attract large audiences and make captivating headlines such as, “Rates Lift Off.” And pundits use jargon such as “soft landing” and “hard landing” to describe the expected consequences of central bank policy decisions. But in a perfect world, where exactly should we be landing? Economists and practitioners alike have been wondering about this since the 19th Century, when Swedish economist Knut Wicksell came up with the idea of the natural rate of…
The automotive industry is undergoing a seismic shift, and the future of European automakers hangs in the balance. While American and South Korean brands dominate the market with innovative electric vehicles, European manufacturers find themselves struggling to keep pace. Even iconic brands like BMW are forming partnerships with Japanese automakers to develop alternative powertrains. One example of this trend is Lucid Motors, a US based electric vehicle company partially controlled by Saudi Arabia’s Public Investment Fund. Despite initial success with its Air sedan, Lucid faced challenges in building a strong customer base and ultimately sought external investment. The Saudi partnership…
The group of $1 trillion market cap stocks is tiny, and pharmaceutical giant Eli Lilly (NYSE: LLY) isn’t a member yet, though it is within striking distance at about $820 billion.However, the drugmaker’s prospects look so strong that not only should it soon join the $1 trillion club, but it could even be a member of the more exclusive $2 trillion club by 2030. Here’s why.The tirzepatide tailwindWhat’s considered “solid” growth in revenue for a corporation? The answer depends on the industry. Top-line increases in the high single-digit and low double-digit percentages are pretty good for pharmaceutical companies, particularly large…