Environmentalists protest as Biden administration approves huge oil export terminal off Texas coast

WASHINGTON (AP) — In a move that environmentalists called a betrayal, the Biden administration has approved the construction of a deepwater oil export terminal off the Texas coast that would be the largest of its kind in the United States. The Sea Port Oil Terminal being developed off Freeport, Texas, will be able to load … Read more

4 REITs With Recent Analyst Downgrades

4 REITs With Recent Analyst Downgrades It’s always interesting to see the timing of analyst downgrades. The best downgrades usually come after a lengthy price runup that looks unsustainable, but sometimes an analyst will downgrade a stock after a sizeable pullback in price. When that happens, some investors see it as a contrarian indicator, speculating … Read more

David Ellison, son of the world’s 9th-richest man, is poised to become a Hollywood power player as he closes in on buying Paramount

The production company behind Top Gun: Maverick might fly to the top of Paramount’s mountain of content. Skydance Media, the production studio owned by Larry Ellison’s son David, is in advanced negotiations to take a significant stake in Paramount Global. The exact nature of the deal has not yet been defined, including whether or not … Read more

Apple Stock: AI iPhone Could See 5G-Like Upgrade Cycle

Apple (AAPL) stock could be due for a rerating when the consumer electronics giant comes out with its rumored AI-enabled iPhone this fall, a Wall Street analyst says. X Hedge fund investors are starting to warm to Apple stock, despite the company’s deteriorating fundamentals near term, JPMorgan analyst Samik Chatterjee said in a client note … Read more

Investors should immediately buy the stock market’s post-CPI dip with a June rate cut still on the table, Fundstrat says

Tom Lee was formerly JPMorgan’s chief equity strategist.Brendan McDermid/Reuters Investors should take advantage of the inflation-induced market sell-off and buy stocks, according to Fundstrat. Fundstrat’s Tom Lee said there was real progress made in the March CPI report, suggesting that disinflation will continue. Lee also sees a strong possibility of a Fed interest rate cut … Read more

Dow Jones Futures: Market Rally Signals New Run As Nvidia, AI Stocks Hit Buy Areas

Dow Jones futures tilted higher after hours, along with S&P 500 futures and Nasdaq futures. JPMorgan Chase (JPM), Wells Fargo (WFC) and Citigroup (C) report early Friday. X The stock market rallied generally as investors shrugged off a mixed March PPI inflation report following Wednesday’s hot CPI inflation reading. The Nasdaq powered to a record … Read more

Here’s How Much $1,000 In Bitcoin Will Be Worth If Cathie Wood’s BTC Prediction Is Correct

Here’s How Much $1,000 In Bitcoin Will Be Worth If Cathie Wood’s BTC Prediction Is Correct Ark Invest, led by CEO Cathie Wood, has quickly grown into one of the largest asset managers in the world since launching in 2014. The firm emphasizes investing in technology, offering a variety of exchange-traded funds (ETFs) centered around … Read more