Day: March 5, 2023

Phillips 66 (PSX) recently hiked its dividend by 8% to $4.20 per share annually, 2 days after announcing Q4 earnings. This now gives PSX stock, at $106.02 on March 3, an attractive 3.96% dividend yield. Moreover, Phillips 66 announced a huge increase in its buyback program by $5 billion. Both of these developments are pushing value investors to the stock. Granted, earnings for Q4 were lower than expected. They made just $4.00 in adjusted earnings per share (EPS), lower by 8% than the $4.30 that was projected by analysts. Nevertheless, its cash flow and free cash flow were very strong. From $10… Read More “Phillips 66 – 3.96% Dividend Yield and Massive Buybacks Are Attracting Value Investors”

By Luc Olinga The two billionaires disagree on the importance and necessity of admission tests to prestigious colleges. The covid-19 pandemic has completely disrupted society as a whole. Businesses and institutions had to change the way they do things on a daily basis. Consumers also had to adapt. In education, this has led schools, universities and colleges to rethink the way they operate, in order to integrate the expectations of a generation of students who had to learn to do everything virtually. Faced with these new difficulties, universities, and in particular elite colleges, have taken … Read More “Mark Cuban Says Elon Musk Is Wrong on This Major Subject”

Another week of mixed earnings and forecasts is in the books. The S&P 500 ($SPX) (SPY) finished up around 2% with the Friday high close coming to fruition again. Everyone’s favorite stock Tesla (TSLA) did not fare as well this week with it closing down over 2%, this could start to be an inverse indicator to the market, which would be a very tradable event if the correlation maintains. The Dow Jones Industrials Index ($DOWI) (DIA) was up +4.15% for the week while the Nasdaq 100 Index ($IUXX) (QQQ) was +8.84% higher. Earnings are finally starting to slow as we phase out of the earnings season in… Read More “Job Reports, Bond Auctions And Other Key Themes To Watch This Week”

By WANAN YOSSINGKUM / Getty Images Chasing Microsoft, global tech giants have rolled out announcements on how they will implement ChatGPT-like artificial intelligence into their World leading platforms and applications, with YouTube the latest to present plans. Chasing Microsoft, global tech giants have rolled out announcements on how they will implement ChatGPT-like artificial intelligence into their World leading platforms and applications, with YouTube the latest to present plans. Here is a roundup of how the World’s biggest tech companies plan to surf the AI wave: – Microsoft – Microsoft … Read More “Tech rivals chase ChatGPT as AI race ramps up”

By Josep LAGO / AFP Generative AI chatbots unveiled by US tech firms have captivated the World with their spectacular successes and failures in engaging in conversations. Generative AI chatbots unveiled by US tech firms have captivated the World with their spectacular successes and failures in engaging in conversations. But European firms focusing more on business applications are confident they won’t be left in the dust in the rapidly developing field, even as they redouble their efforts. “The launch of ChatGPT has changed everything. It has been a wake-up call for European firms,” said Laure… Read More “Europeans scramble in AI race”

By Daniel Kline The Xfinity company now sells an internet network with a name that greatly overstates what you’re getting. Imagine if you order a product called the “Bacon Triple Mega Burger” from a fast-food chain and when your sandwich shows up, it has a single patty and one sad slice of bacon. There’s nothing “Triple” or “Mega” about it and any rational customer would get pretty mad. That’s because people understand all the words in that non-existent cheeseburger’s name. When it comes to phone and internet service, however, consumers don’t actually understand the difference between 4G and 5… Read More “Comcast Markets an Internet Service Designed to Mislead Customers”

FRANKFURT (Reuters) – German Chancellor Olaf Scholz called for the country to be confident about modernising its society and economy ahead of a two-day cabinet meeting that will tackle topics including climate policy, war in Ukraine and digitisation. “We will talk about how a society that has so much on the agenda can become and remain confident, because the basis for doing anything is to think that one is capable of it,” Scholz told reporters on Sunday outside Meseberg castle near Berlin. He said topics for discussion included investments by steel and chemical companies in a shift to climate … Read More “Scholz calls for German confidence to achieve reforms”