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Will Daniel

Will Daniel

Fortune

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Most iPhone users have old phones. But it’s actually good news for Apple stock

“An aging installed base and GenAI features…should provide a boost to customers' intentions to upgrade,” BofA’s Wamsi Mohan wrote Thursday.

12.07.2024 7

Fortune

Will Daniel

Tesla’s AI dreams may ‘materialize on a longer time horizon (or not at all),’ UBS warns

“While TSLA is investing heavily in AI and the tech is making progress, investment is costly, pace of improvement may slow and the payoff is long...

12.07.2024 7

Fortune

Will Daniel

The U.S. just got its best inflation report in over 3 years, but stocks are still down. Here’s why

“Is the market down? Or is this the most extreme rotation that we've ever seen out of everything that people have been hiding in?” Bancreek...

11.07.2024 10

Fortune

Will Daniel

Warren Buffett out, Mark Zuckerberg in: Here are the biggest names that will be attending, and notably absent from, the annual summer camp for billionaires

Meta's Mark Zuckerberg and Apple's Tim Cook will take part in the star-studded Sun Valley Conference, but Warren Buffett and Elon Musk aren't...

09.07.2024 8

Fortune

Will Daniel

AI is effectively ‘useless’—and it’s created a ‘fake it till you make it’ bubble that could end in disaster, veteran market watcher warns

"Fake it till you make it may work in Silicon Valley, but for the rest of us, I think once bitten twice shy may be more appropriate for AI,"...

08.07.2024 9

Fortune

Will Daniel

Nvidia will win the race to a $4 trillion market cap—but the long-term big tech battle might be different, experts say

“I think, a year from now, we [will] have three $4 trillion market cap companies: Nvidia, Apple, Microsoft,” Wedbush tech analyst Dan Ives told...

07.07.2024 20

Fortune

Will Daniel

Roaring Kitty’s favorite meme stocks are tanking as the trader faces securities fraud claims over past social media posts

Keith Gill is under fire for tweeting about GameStop, but one defense attorney says “posting a meme...is not even a fact that can be proven or...

01.07.2024 9

Fortune

Will Daniel

Lumber prices are plunging. Blame the record drop in U.S. housing affordability and a post-pandemic double bubble ‘hangover’

“It’s an ugly scenario” for the lumber market, Sitka Forest Products' Ashley Boeckholt told Fortune. “We’re kind of having a hangover from a...

30.06.2024 10

Fortune

Will Daniel

SoftBank’s billionaire CEO says he was put on Earth to create artificial super intelligence that’s 10,000 times smarter than a human—’I am super serious about it’

"For what purpose was Masa Son born? It may sound strange, but I think I was born to realize ASI," SoftBank's CEO said.

27.06.2024 10

Fortune

Will Daniel

The U.S. is about to get slammed by a ‘very active’ hurricane season—but the carnage could be good news for these five insurance stocks, analyst says

“If this grim forecast comes to fruition, it will likely buoy pricing” for insurance, says CFRA Research's Catherine Seifert.

26.06.2024 8

Fortune

Will Daniel

Treasury Secretary Janet Yellen blames Trump’s tax cuts for ‘many of the problems’ with the U.S.’s soaring budget deficit

Yellen says Trump’s policies gave tax breaks to wealthy corporations and individuals while increasing the national deficit.

25.06.2024 30

Fortune

Will Daniel

Amazon’s money-bleeding Alexa division could face more cuts if a paid version of its AI-enabled voice assistant flops, BofA says

“If Amazon does not see adoption of a paid tier…we think Amazon could cut Alexa investment further to reduce losses,” Bank of America analysts...

24.06.2024 9

Fortune

Will Daniel

This is the ‘special sauce’ behind American exceptionalism—and why the U.S. stock market could continue dominating

“Many countries have these various advantages, but none have the combination—or the entire package—quite like the U.S. does,” RiverFront...

23.06.2024 20

Fortune

Will Daniel

Will Trump’s economic policies really cause ‘the mother of all stagflations’? Here’s what experts say

Unlimited Funds' Bob Elliott argues only part of Summers’ forecast seems valid: “Tariffs, at their core, are a regressive tax that is...

22.06.2024 20

Fortune

Will Daniel

The raging bull market hasn’t peaked just yet, BofA says

Bank of America’s head of U.S. equity and quantitative strategy notes that only four out of 10 bull market peak indicators are flashing warning...

17.06.2024 10

Fortune

Will Daniel

Stocks are sexy, but these market gurus see a generational opportunity in bonds

“The entry point is just very, very attractive,” Nuveen's CIO of fixed income Anders Persson told Fortune.

16.06.2024 10

Fortune

Will Daniel

FTC chair Lina Khan plans to go after Big Tech’s ‘mob boss’ instead of ‘the henchmen at the bottom’—targeting AI giants OpenAI, Microsoft, and Nvidia

“Where do we see players that are systematically driving these illegal behaviors?” Khan asked at a conference this week.

15.06.2024 20

Fortune

Will Daniel

This ‘ugly Goldilocks’ scenario could put both stocks and bonds in danger this year, investment chief warns

“The economy is a little too soft to meet equity investors’ expectations of earnings growth, and the economy's a little too strong to meet bond...

14.06.2024 10

Fortune

Will Daniel

The Fed just penciled in only one interest rate cut this year—but officials are divided on policy

While seven Fed officials are projecting one rate cut this year, four see no cuts, and eight see two cuts in a sign of a divided central bank.

13.06.2024 10

Fortune

Will Daniel

Cathie Wood's ARK Invest predicts Tesla stock will surge 1,345% over the next five years. Elon Musk says it's an ‘extremely challenging, but achievable’ target

ARK Invest estimates nearly 90% of Tesla's revenue will come from one source by 2029: robotaxis.

12.06.2024 5

Fortune

Will Daniel

Investors celebrate as an ‘unequivocally good’ inflation report opens the door for Powell to cuts rates this fall

Fitch Rating's head of U.S. economic research called the CPI report "a delightful appetizer while we await the main course."

12.06.2024 10

Fortune

Will Daniel

China has a ‘near monopoly’ on many critical minerals. JPMorgan says it could be the ‘next battleground’ with the U.S.

The U.S. is 100% reliant on imports for 12 minerals that are key to the production of semiconductors and other high-tech products.

10.06.2024 9

Fortune

Will Daniel

The jobs report will ‘lead to continued controversy,’ leaving Jerome Powell in wait-and-see mode and dashing investors’ hopes for imminent rate cuts

ZipRecruiter’s chief economist sats the latest jobs report “delivers a kind of hazy, mixed picture" that will leave the Fed—and...

07.06.2024 10

Fortune

Will Daniel

Jerome Powell could spark a serious stock market surge—even without cutting rates, Wall Street guru Ed Yardeni says

Yardeni already sees a 20% chance of a “melt-up” for the stock market, but if Powell “sings a dovish tune," he promised to raise those odds.

06.06.2024 7

Fortune

Will Daniel

One of Wall Street’s top strategists sees stocks dropping 10% due to a ‘moderate form of stagflation’

Stifel's Barry Bannister fears sticky inflation and higher rates will hurt stocks, while Wells Fargo's Scott Wren ponders if investors should 'sell in...

06.06.2024 10

Fortune

Will Daniel

Short-seller Andrew Left is betting against GameStop again, undaunted by his 100% loss last time

When meme-stock traders' de facto leader posted a screenshot implying he owns over $100 million of GameStop, Andrew Left immediately shorted the...

05.06.2024 5

Fortune

Will Daniel

JPMorgan’s Jamie Dimon is bracing for stagflation, but the economy could be headed for a 1950s-style boom instead

“If these similarities do hold, there could be a lot of scope for optimism,” Deutsche Bank’s Henry Allen wrote.

04.06.2024 10

Fortune

Will Daniel

Jamie Dimon says some private credit ratings 'shocked' him, evoking bad memories of mortgages before the Great Recession—'there could be hell to pay'

“I've seen a couple of these deals that were rated by a rating agency and, I have to confess, it shocked me what they got rated,” the JPMorgan CEO...

30.05.2024 30

Fortune

Will Daniel

Apple is getting a once-in-a-decade secret weapon in AI-enabled ‘intelliphones’—Bank of America sees its stock surging 20%

AI could breathe life into the stagnant tech giant by kicking off an iPhone upgrade cycle.

30.05.2024 10

Fortune

Will Daniel

As the EV market cools, the oil industry scorches with $250 billion in high-stakes deals and mass consolidation—'the bigger the company is, the more money they make'

What’s causing the industry’s merger surge? “The Permian Basin, the Permian Basin, and the Permian Basin,” says one CEO.

29.05.2024 20

Fortune

Will Daniel

Nvidia's 10-for-1 stock split confirms 'big tech is going bite-sized' to lure retail investors, BofA says

Bank of America’s research shows that stocks have managed 25% total returns in the 12 months after a stock split historically, compared to 12% for...

24.05.2024 10

Fortune

Will Daniel

BlackRock's bond guru Rick Rieder says the Fed's favorite inflation firefighting strategy is failing—'the private sector has become a creditor now'

“It's ambiguous to me today, at best, whether a higher [interest] rate helps bring down inflation versus actually contributes to it,” Rieder told...

23.05.2024 20

Fortune

Will Daniel

Walmart and Target’s earnings pull back the curtain on an America struggling with high inflation

“Many consumer pocketbooks are still stretched,” Walmart CFO John Rainey told analysts. “We see the effect of that in our business mix.”

23.05.2024 30

Fortune

Will Daniel

Wall Street's biggest bear just turned bullish on stocks—but he warns ‘uncertainty’ still reigns

Morgan Stanley’s Mike Wilson previously called the $8 trillion market drop in 2022, due to a combination of “fire and ice.”

20.05.2024 40

Fortune

Will Daniel

SoFi cofounder explains ‘maturing process’ after his exit, and why he prioritized culture at his latest startup

Mike Cagney admitted that there were cultural "deficiencies" at SoFi when he was CEO—and how it was a wake-up call.

16.05.2024 60

Fortune

Will Daniel

The Great Financial Crisis kick started the private credit boom, but SVB was its true 'watershed' moment, Sixth Street co-president says

Joshua Easterly, co-CIO and co-president of Sixth Street, said he realized after the GFC in 2009 that private credit was the next big thing.

16.05.2024 20

Fortune

Will Daniel

Why experts aren’t panicking about the latest jump in producer price inflation

Downward revisions to March’s inflation data indicate the latest producer price index isn’t as bad as it seems.

14.05.2024 50

Fortune

Will Daniel

The Fed’s 2% inflation target is a ‘pipe dream’ and stocks are set to drop 10%, Stifel’s Barry Bannister warns

Stifel's Bannister expects the S&P 500 to drop 10% by the end of the third quarter because the 'pseudo recession' that helped tame inflation is now...

13.05.2024 20

Fortune

Will Daniel

The Buy Now, Pay Later trend has been jet fuel for online shopping, new Adobe report reveals—and it's only expected to surge

Americans are on pace to spend half a trillion dollars on online shopping by this summer, and nearly 10% of that will come from Buy Now, Pay Later...

09.05.2024 30

Fortune

Will Daniel

Billionaire Barry Sternlicht expects one bank failure per week due to real estate’s ‘fragile’ loans

The CEO of Starwood Capital Group believes rate hikes are inflicting unnecessary damage to real estate and regional banks, which are worth saving.

08.05.2024 70

Fortune

Will Daniel

It’s ‘just what the Fed chair wanted’ as the economy adds fewer jobs and unemployment rises to 3.9%

“For those grappling with renewed stagflation fears, this payrolls report supports what Powell said earlier this week about not seeing the...

03.05.2024 50

Fortune

Will Daniel

Another Boeing whistleblower is dead—this time a healthy 45-year-old who battled a sudden, severe infection

“It is known at Spirit that if you make too much noise and cause too much trouble, you will be moved,” Joshua Dean once told the Wall Street...

02.05.2024 40

Fortune

Will Daniel

Jerome Powell has had it with the 1970s talk, saying he doesn't see the 'stag' or the '-flation' investors are worried about

“I was around for stagflation,” the Fed chair reminded observers.

02.05.2024 30

Fortune

Will Daniel

Johnson & Johnson’s latest gambit to solve its massive talcum powder asbestos issue: A $6.5 billion settlement, paid out over 25 years

J&J's proposed settlement represents just 7.8% of its $85.2 billion in annual sales for 2023.

01.05.2024 20

Fortune

Will Daniel

Why Japan’s currency is cratering right now, even though its stock market is red hot

There are several reasons for the yen’s underperformance compared to the dollar, but the main one is clear: rising U.S. interest rates.

30.04.2024 30

Fortune

Will Daniel

Asana CEO calls Tesla the next Enron and says Elon Musk has misled customers

"I guess just a PSA to investors out there: you only get eventual justice with the SEC, if you even get that," Asana CEO Dustin Moskovitz said.

29.04.2024 6

Fortune

Will Daniel

Top tech CFO says AI is not a ‘blip or hype,’ it’s the ‘biggest disruption’ in the industry’s history—and his numbers back that up

“This is not like a blip or hype, but really one of the biggest, if not the biggest disruption in the technology industry,” SAP CFO Dominik Asam...

27.04.2024 10

Fortune

Will Daniel

JPMorgan Chase CEO Jamie Dimon says Bidenomics is only 'partially' working as many Americans aren’t feeling 'lifted up by this economy'

Dimon lauded President Biden's infrastructure spending, but questioned whether some Americans are being left behind in the current economy.

25.04.2024 30

Fortune

Will Daniel

The economy seems weaker than advertised and inflation is still running hot—it’s the ‘worst of both worlds’

David Donabedian, CIO of CIBS Private Wealth US, warned the spike in core inflation seen in the latest GDP report is a major setback for the economy...

25.04.2024 60

Fortune

Will Daniel

‘We are in a tough moment’: Boeing slows airplane deliveries 36% as it fights to regain public confidence

“Safety and quality must and will come above all else,” Boeing CEO David Calhoun wrote in a memo to employees.

25.04.2024 30

Fortune

Will Daniel

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