logo
Robinhood Adds US Shares on the Blockchain

Robinhood Adds US Shares on the Blockchain

Bloomberg3 days ago
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Jerome Schneider PIMCO, Vlad Tenev Robinhood CEO, Stefan Slowinski BNP PARIBAS EXANE, Ken Smetters University of Pennsylvania, Bob Mudguard Commonwealth Fusion Systems, Megan Horeman Verdence Capital, Jim Bianco Bianco Research, Bill Curtin Hogan Lovells, and Emily Stromquist Teneo. (Source: Bloomberg)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Intel (NasdaqGS:INTC) Unveils AI-Enhanced ePaper Touchpad for Innovative Laptop Experience
Intel (NasdaqGS:INTC) Unveils AI-Enhanced ePaper Touchpad for Innovative Laptop Experience

Yahoo

time9 minutes ago

  • Yahoo

Intel (NasdaqGS:INTC) Unveils AI-Enhanced ePaper Touchpad for Innovative Laptop Experience

Intel saw a 17% upward price movement over the last month, a striking performance that stands out amidst tech sector advancements. This gain aligns with significant developments, like the launch of a groundbreaking ePaper touchpad solution by E Ink Holdings in collaboration with Intel technologies. Additionally, strategic partnerships and leadership changes at Intel, coupled with broader tech sector optimism seen in Nasdaq gains, likely added to the positive sentiment. Market dynamics suggest that Intel's recent moves align well with investor focus on tech innovation and strategic repositioning, which could lend further confidence to the company's future endeavors. Buy, Hold or Sell Intel? View our complete analysis and fair value estimate and you decide. Uncover the next big thing with financially sound penny stocks that balance risk and reward. The recent collaboration between E Ink Holdings and Intel, combined with strategic partnerships and changes in leadership, holds the potential to impact Intel's ongoing transformation efforts positively. As Intel grapples with organizational complexity and seeks to enhance its innovation play in AI and foundry businesses, these developments could prove crucial in offsetting complexity risks and boosting investor confidence. Despite a 17% rise in its share price over the past month, Intel's longer-term performance remains concerning, with a total return, including dividends, of 25.99% decline over the last year. This performance, when compared to the broader industry, highlights the ongoing challenges Intel faces in achieving growth amid tech sector advancements. Revenue and earnings forecasts could reflect optimism from recent strategic moves. However, broader market dynamics underline critical risks, such as reliance on older manufacturing nodes and geopolitical uncertainties. Analysts currently predict revenue growth of 2.5% annually, which is slower than the overall US market's 8.7% per year growth. Intel's focus on AI and structural transformation could influence future earnings, presenting a pathway for improvement, though benefits may take time to materialize. As the current share price of US$19.94 remains below the average analyst price target of US$21.29, this suggests Intel might still be perceived as undervalued relative to its fair value potential, presenting a mixed outlook for investors as they assess the company's transitional journey. Evaluate Intel's historical performance by accessing our past performance report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:INTC. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati

On 40th anniversary of ‘Back to the Future,' Allstate celebrates its role in creation of DeLorean time machine
On 40th anniversary of ‘Back to the Future,' Allstate celebrates its role in creation of DeLorean time machine

Yahoo

time10 minutes ago

  • Yahoo

On 40th anniversary of ‘Back to the Future,' Allstate celebrates its role in creation of DeLorean time machine

On the 40th anniversary of the 'Back to the Future' movie premiere, Northbrook-based insurance giant Allstate is traveling back to the past to reveal its little-known role in developing the DeLorean, the futuristic but short-lived, gull-winged, stainless steel car that served as Doc Brown's time machine. Without Allstate, Marty McFly might never have left 1985 or perhaps he would have traveled back in time in a Buick, forever disrupting the space-time continuum of the seminal movie trilogy. 'The cars exist because of the partnership Allstate had with DeLorean,' said Sandee Lindorfer, vice president of auto claims for Allstate. In the words of Doc Brown, 'Great Scott!' 'Back to the Future' hit movie theaters on July 3, 1985. A customized 1981 DeLorean DMC-12, which took audiences on joyrides to 1955, 1885 and 2015 over the course of three films, was already relegated to the junkyard of automotive history by the time the movie premiered. In the mid-1970s, Allstate worked with John DeLorean, an automobile executive and engineer, who left GM to launch his own namesake vehicle. The insurance company invested a reported $500,000 in a safety car project, developing prototypes with advanced seatbelt restraints, airbags and improved bumpers. 'We sponsored three prototypes with the DeLorean-Allstate safety car agreement, and we brought one of the prototypes to Congress to show them what could be done around smaller vehicles being more safe and having better fuel economy,' Lindorfer said. One prototype evolved into the sleek DeLorean DMC-12, which went into limited but ill-timed production at a Northern Ireland factory during a recession in 1981, generating buzz but few sales. By 1982, the debt-ridden company was in bankruptcy and its founder in legal trouble, facing indictments on separate drug and fraud charges. John DeLorean was ultimately acquitted on both counts, but his car was seemingly no more than a flash in the pan. Three years later, the DeLorean was reborn as Doc Brown's time machine, and the rest is cinematic history. Initially, the time machine was envisioned as a refrigerator-like chamber that Doc Brown carried on the back of his truck. Then director Robert Zemeckis had the inspiration that the time machine should be mobile, and specifically chose the DeLorean for its futuristic design. 'The way I see it, if you're going to build a time machine into a car, why not do it with some style?' Doc Brown, played by Christopher Lloyd, explains in the movie. In the annals of 'Back to the Future' lore, a lot of similar nuggets have emerged since the film trilogy premiered. For example, the 1989 second installment predicted the Cubs would finally end their century-long World Series drought with a 2015 win over the fictional Miami Gators. The Cubs actually broke through in 2016, beating the Cleveland Indians, but the movie was pretty close. Also, the role of Marty McFly was initially given to Eric Stoltz, who participated in over a month of filming before he was replaced by Michael J. Fox, the more comedically gifted 'Family Ties' star. But Allstate's role in developing the car that begot the time machine and an enduring movie star remained buried in a dusty folder in the back of a corporate cabinet for decades. In 2019, an Allstate archivist found the mysterious DeLorean file and began exploring the mostly forgotten connection. Six years later, on the 40th anniversary of 'Back to the Future,' Allstate is finally ready to take a modest bow. On Tuesday, Allstate rented a pair of vintage DeLoreans to celebrate the movie, the car and the unlikely part the insurance company played in both. Tucked away in the back of an underground garage at Allstate's downsized Northbrook/Glenview headquarters, across the street from its former sprawling corporate campus, the vehicles were briefly on display for the media and a handful of executives. The cars, which included a stock 1981 DeLorean and a tricked-out version replicating the 'Back to the Future' time machine, were rented from an Orland Park company — DeLorean USA Rental — that leases the vehicles for parties and events. 'You can't drive it because the insurer doesn't allow it,' said Tom Sedor, who owns the cars and the rental company. The time machine, which includes a flux capacitor and a Mr. Fusion nuclear reactor in the back — replete with banana peel as fuel — is fully drivable, and the garage and adjacent parking lot offered enough room to get it up to the 88 mph threshold required to go back to the future. But Sedor, 57, who customized the movie mockup with a 3D printer and assorted parts from Menards and RockAuto, said the replica has yet to successfully make the time jump. 'Nothing happened, no sparks,' said Sedor. 'Everything drove normally. Actually, it's very, very impressive to drive.' rchannick@

Fed's Bostic Urges Patience Amid Uncertainty, Resilient Economy
Fed's Bostic Urges Patience Amid Uncertainty, Resilient Economy

Yahoo

time11 minutes ago

  • Yahoo

Fed's Bostic Urges Patience Amid Uncertainty, Resilient Economy

(Bloomberg) -- Federal Reserve Bank of Atlanta President Raphael Bostic called for patience amid uncertainty over economic policy and said a wait-and-see approach can help to ensure officials don't have to reverse course on interest rates. NYC Commutes Resume After Midtown Bus Terminal Crash Chaos Struggling Downtowns Are Looking to Lure New Crowds Massachusetts to Follow NYC in Making Landlords Pay Broker Fees Foreign Buyers Swoop on Cape Town Homes, Pricing Out Locals What Gothenburg Got Out of Congestion Pricing 'I believe a period characterized by such widespread uncertainty is no time for significant shifts in monetary policy,' Bostic said Thursday at an event in Frankfurt. 'That is especially the case against the backdrop of a still resilient macroeconomy, which offers space for patience.' Fed officials have held rates steady this year while they wait to see how President Donald Trump's tariffs, along with changes to immigration, taxes and regulation, will affect the economy. Projections released after last month's meeting show a divide over how much officials expect to reduce borrowing costs this year. While 10 policymakers expect to lower rates at least two times in 2025, seven see the Fed holding rates steady all year. The Atlanta Fed chief said earlier this week that the impact of tariff-induced price increases may be incremental, instead of amounting to a one-time jump, which could lead to more persistent inflation. He reiterated that concern on Thursday, saying tariff-related price bumps may be implemented over the course of the next year or more, causing a slow trickle of price increases that could lift inflation expectations. 'If I'm right, then the US economy will likely experience a longer period of elevated inflation readings,' Bostic said. Job Market A stronger-than-forecast jobs report for June, released earlier Thursday by the Bureau of Labor Statistics, lowered market expectations for a July cut. Bostic said Thursday there are signs the labor market is softening, including a slowdown in hiring, but he said the jobs market is not yet deteriorating. 'I believe the committee must await more clarity rather than move in a policy direction that it might need to quickly reverse,' he said, referring to the Federal Open Market Committee. Responding to questions following his remarks, Bostic said higher US government debt levels could eventually have implications for policymakers. He said debt servicing costs could 'crowd out' other activities, which could later affect prices and employment in 'material' ways. Republicans in Congress appear close on Thursday to passing Trump's tax and spending bill. The version that passed the Senate would add nearly $3.3 trillion to US deficits over a decade, according to a new estimate from the nonpartisan Congressional Budget Office. Bostic also said the size of the federal debt could affect monetary policy by moving interest rates. 'To the extent that those things are perceived in financial markets as risk elevators, you could see interest rates move to some extent independent of things that we do,' Bostic said. 'That would be really something that we'd have to think hard about.' --With assistance from Jana Randow. (Updates with additional Bostic comments starting in 10th paragraph.) SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too How to Steal a House America's Top Consumer-Sentiment Economist Is Worried China's Homegrown Jewelry Superstar Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate ©2025 Bloomberg L.P.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store