November 19, 20240 Comments

Palantir Stock Is Up 250% in 2024 and May Be Headed to the Nasdaq-100. History Says This Could Happen Next.

Shares of Palantir Technologies (NYSE: PLTR) have advanced more than 250% year to date due to strong financial results. This was driven by strong demand for its artificial intelligence (AI) platform and excitement surrounding the company’s addition to the S&P 500. Last week, Palantir announced plans to remove itself from the New York Stock Exchange and relist on the Nasdaq exchange, effective Nov. 26. The company said in a press

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November 19, 20240 Comments

Arthur Frommer, famed travel guide innovator, has died at 95

New York —  Arthur Frommer, whose “Europe on 5 Dollars a Day” guidebooks revolutionized leisure travel by persuading average Americans to take budget vacations abroad, has died. He was 95. Frommer died from complications of pneumonia, his daughter Pauline Frommer said Monday. “My father opened up the world to so many people,” she said. “He believed deeply that travel could be an enlightening activity and one that did not require

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November 19, 20240 Comments

Billionaire Stanley Druckenmiller Just Sold All of His Nvidia Shares and Bought This Rapidly Growing Artificial Intelligence Stock-Split Stock

Stanley Druckenmiller wowed investors year after year with his winning streak at the helm of Duquesne Capital Management. There, he scored an average annual return of 30% over 30 years — and didn’t post a single year of money losses. This top investor closed the fund in 2010 but has since continued investing through the Duquesne Family Office — and one of his favored stocks in recent times has been

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November 19, 20240 Comments

Quebec’s Caisse bets on quant strategies

Breadcrumb Trail Links Finance News Public pension fund manager has grown its quantitative equity team to more than US$14 billion of assets Author of the article: Bloomberg News Mathieu Dion Published Nov 18, 2024  •  Last updated 12 hours ago  •  3 minute read You can save this article by registering for free here. Or sign-in if you have an account. Charles Emond, chief executive of the Caisse de depot et

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November 19, 20240 Comments

Rupee slips to record low pressured by dollar bids from foreign banks, importers

MUMBAI (Reuters) – The Indian rupee slipped to its all-time low on Tuesday pressured by dollar demand from foreign banks and importers, including local oil companies, traders said. The rupee hit a low of 84.4150, eclipsing its previous record low of 84.4125 hit last week. The currency was last quoted at 84.4075 as of 1:35 p.m. IST. Likely intervention by the Reserve Bank of India helped the currency avoid further

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November 19, 20240 Comments

America’s Shortage Of This Metal Keeps Trump Awake At Night

With JP Morgan CEO Jamie Dimon warning Washington that China and Russia are seeking to dismantle the Western world, and “World War III has already begun”, access to critical metals that serve as the fuel of America’s military has become the most urgent issue of our time. Critical metals will determine superpower status and global domination. China is winning because it controls the bulk of the world’s critical metals, from

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November 19, 20240 Comments

Where Will Palantir Stock Be in 1 Year?

Few companies have reacted more to Trump’s presidential election victory than Palantir Technologies (NYSE: PLTR), a data analytics and artificial intelligence (AI) company with a strong focus on defense and law enforcement. The company has added billions to its market cap, with shares up by a jaw-dropping 50% since the election. But is Palantir’s recent rally based on hype and excitement or sustainable economic fundamentals? Let’s dig deeper into what

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