Author: Daniel snow

Apple is one of the greatest stock buyback stories in history. It’s time to cut it. We have long been fans of Apple’s repurchase plans in addition to the margin expansion attributable to strong services sales. The combination has supported earnings growth even when overall sales stalled. However, with shares down nearly 20% year to date, it’s becoming clearer by the day that earnings growth predicated on buybacks is not what investors are looking for. What changed? It’s all about the introduction of generative AI and the financially lucrative opportunities that comes with it. That’s especially true when we consider…

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Carnival shares climbed roughly 7% on Tuesday after the cruise line posted stronger-than-expected second-quarter results and raised its full-year guidance.According to the company’s earnings report, the cruise operator posted adjusted earnings of 35 cents per share while beating analyst estimates of 24 cents, according to LSEG. Adjusted revenue came in at at record $6.3 billion compared with the expected $6.2 billion.Net income rose to $565 million, which was a significant increase from $92 million a year ago.CEO Josh Weinstein said on Tuesday’s earnings call with analysts that there was a “strong momentum” across all of the company’s brands.Due to outperformance,…

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Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. U.S. stocks jumped and oil prices declined again Tuesday as Wall Street speculated that a ceasefire between Israel and Iran would hold. The S & P 500 advanced about 1%, while the tech-heavy Nasdaq rose nearly 1.5%. U.S. crude oil futures dropped another 5% on top of Monday’s over 7% decline. “We have to sell some stuff,” and book profits after such a big run higher in the stock market, Jim Cramer said. Shortly…

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Attorney Emil Bove looks on as U.S. President-elect Donald Trump appears remotely for a sentencing hearing in front of New York State Judge Juan Merchan in the criminal case in which he was convicted in 2024 on charges involving hush money paid to a porn star, at New York Criminal Court in Manhattan in New York City, U.S., on January 10, 2025. Angela Weiss | Via ReutersA fired Department of Justice lawyer says that a top DOJ official Emil Bove — whom President Donald Trump has nominated to become a federal appeals court judge — told department attorneys to consider…

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One piece of career advice that’s stood the test of time is to write a thank you note to anyone you interview with for a job. Doing so can help give you an edge to stand out from other applicants, experts say.For one woman, a thank you note landed her a gig working with a CEO right after college, and it even helped shape her career.Ashley Graef was a senior in college working an internship where she interviewed people for a fashion publication. During one assignment, she connected with the CEO of a tech company.She hand-wrote him a thank you…

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