Investors may want to consider putting money to work in a lagging part of the market.According to VanEck CEO Jan van Eck, oil stocks are getting a raw deal."The [oil] supply is there. The companies are arguably the next best cash flowing companies [compared to] the semiconductors," he told CNBC's...
Year: 2024
Inflation in December was even lower than first reported, the government says
People shop in a supermarket in the Manhattan borough of New York city on January 27, 2024.Charly Triballeau | AFP | Getty ImagesThe prices consumers pay in the marketplace rose at an even slower pace than originally reported, according to closely watched revisions the government released Friday.Updates to the consumer...
L’Oreal shares down 7% on lower-than-expected sales, slowdown in Asia
Balint Porneczi/Bloomberg | Getty ImagesLONDON — L'Oreal shares fell more than 7% Friday, before slightly paring losses, as the company reported lower-than-expected sales and pointed to a slowdown in demand in Asia.The world's largest beauty brand on Thursday reported fourth-quarter sales below estimates, rising 2.8% to 10.6 billion euros ($11.4...
Temu returns to Super Bowl ad slate as lawmaker ire swells
Jakub Porzycki | Nurphoto | Getty ImagesTemu, the controversial Chinese e-commerce giant looking to take on Amazon, is returning to the big game on Sunday with a Super Bowl ad that lawmakers are calling on Paramount Global and CBS not to run.The company, owned by PDD Holdings, skyrocketed to prominence...
Top Wall Street analysts are upbeat about these 3 dividend stocks
Investors seeking a steady stream of income in these uncertain times can consider adding some attractive dividend stocks to their portfolios.The selection of the right dividend stock involves a thorough analysis of the fundamentals of a company and its ability to sustain its dividend payments. Bearing that in mind, investors...