Author: franperez66q@protonmail.com
New York University finance professor Aswath Damodaran understands why some people are getting ready to pay up for SpaceX, but he says “it is too richly priced for my tastes.” Damodaran shared his valuation analysis in his blog as Elon Musk ‘s company prepares for its blockbuster public market debut this week. While SpaceX is targeting a $135 price , which puts its value at $1.77 trillion, Damodaran’s assessment values the company at between $1.25 trillion and $1.35 trillion. While some call that lofty valuation hype , others are looking at the numbers. The professor, who is often referred to…
Brazil’s Embraer sees eventual China breakthrough for E2 jets Source link
United Airlines and Delta Airlines jetsSam Hodgson | Bloomberg | Getty ImagesRIO DE JANEIRO — Delta Air Lines is the nation’s most profitable carrier, but its hungry rival, United Airlines, is far bigger over the Pacific. Delta’s new president, Peter Carter, says that just won’t stand.”We want to become stronger, better, faster in the trans-Pacific, and we want to become the leading U.S. carrier” across the Pacific, Carter told CNBC in an interview here during the International Air Transport Association’s annual meeting. “Ultimately … the real goal is to become the leading global carrier, which is a pretty audacious goal.”Carter,…
Investing.com — UBS maintained “buy” ratings on three major cloud providers as their combined revenue rose to $84.8 billion in the first quarter of 2026, up 39% from a year earlier, marking a 15-percentage-point acceleration from the growth rate recorded in the same period last year. The brokerage attributed the stronger performance to unprecedented demand for artificial intelligence-related computing capacity. , and generated combined sequential revenue growth of $6.5 billion in the quarter, a 196% increase from a year earlier, UBS said in a research note. The firms have now posted four consecutive quarters of historically elevated sequential gains. UBS…
US President Donald Trump speaks during a roundtable on “American Agriculture” at Custer Farms in Chippewa Falls, Wisconsin, on June 5, 2026. Saul Loeb | AFP | Getty ImagesPresident Donald Trump stormed out of a taped interview on NBC’s “Meet the Press” after being pressed on his controversial “weaponization” fund and on evidence of his persistent claims of election fraud.Trump sat with NBC’s Kristen Welker for a taped interview on a Wisconsin farm that touched on the Iran war, potential interest rate hikes, and the $1.776 billion “weaponization” fund that could financially compensate convicted violent rioters who attacked police officers…
A Banco BPM SpA bank branch in Milan, Italy, on Nov. 15, 2024.Bloomberg | Bloomberg | Getty ImagesItaly’s Banco BPM said on Sunday it would invite Banca Monte dei Paschi di Siena to discuss a potential tie-up that would create the country’s second-biggest banking group, overtaking UniCredit.The long-mooted deal, which UniCredit has sought to block, would create a group worth around 50 billion euros ($58 billion) on the Milan bourse. Banco BPM estimated earnings per share would rise by more than 10%, driven by annual pre-tax benefits of more than 1.1 billion euros.The announcement could kick-off a second wave of…
US lawmakers warn Pulte appointment could thwart surveillance law’s renewal Source link
Earnings season for Club names has come to an end, but that doesn’t mean the excitement has. This coming week is packed with market-moving inflation data and two key corporate events. Apple’s Worldwide Developers Conference starts its five-day run on Monday, and Apple is expected to raise the curtain on a new, conversational Siri assistant, powered by Google’s powerful Gemini artificial intelligence model. CEO Tim Cook will deliver one last major AI update to the Apple ecosystem before handing over the reins to incoming CEO John Ternus. The confab comes as the iPhone maker’s stock is on a roll, up…
Global airlines slash 2026 profit forecast on fuel shock from Iran war Source link
Halfpoint Images | Moment | Getty ImagesFor women, living longer than men on average comes with a financial risk that experts say is worth preparing for — outliving their spouses and needing long-term care services.About 57% of Americans who reach age 65 will develop a disability serious enough to require long-term care, according to a 2022 report from the Health and Human Services Department. Roughly 1 in 4 women — 26% — will need such care for longer than five years, compared with 17.5% of men. The average duration of care for women is 3.6 years, compared with 2.5 years…