A vehicle refuels at a Phillips 66 gas station in Rockford, Illinois, U.S., on Monday, July 29, 2019.Daniel Acker | Bloomberg | Getty ImagesCompany: Phillips 66 (PSX)Business: Phillips 66 is an energy manufacturing and logistics company. It operates through the following segments: midstream, chemicals, refining, and marketing and specialties. The...
Category: Investing
Top Wall Street analysts like these stocks into the new year for their growth potential
The logo of Uber is seen at a temporary showroom at the Promenade road during the World Economic Forum 2023, in the Alpine resort of Davos, Switzerland, on Jan. 20, 2023.Arnd Wiegmann | ReutersThe Federal Reserve's forecast for three rate cuts in 2024 has lifted investor sentiment, but macro uncertainty...
Top Wall Street analysts favor these 3 dividend stocks for the long haul
A person walks by a CVS pharmacy store in Manhattan, New York, U.S., November 15, 2021.Andrew Kelly | ReutersSeveral dividend stocks had a rough year due to elevated interest rates. With the Federal Reserve signaling rate cuts in 2024, dividend stocks are expected to regain their shine.Keeping a long-term investment...
Generative AI has landed on Wall Street. Here’s how it can help propel ‘massive’ revenue growth
Yuichiro Chino | Moment | Getty ImagesLike it or not, generative artificial intelligence has arrived on Wall Street — and experts expect it to transform the way firms do business.To be clear, artificial intelligence, like natural language processing and machine learning, has been used by wealth management and asset management...
Asia’s family offices have been betting big on risk — but that could be changing
Singapore city skyline on September 18, 2016.Rustam Azmi | Getty Images News | Getty ImagesAsia's family offices used to have a far bigger appetite for risks compared to their global counterparts — but that could be changing, according to a recent survey.A Citi Private Bank global survey in the third...