What to watch in the markets: Tuesday, June 5th
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Myles Udland on what to watch in the markets for Tuesday, June 5th
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Steward Health Care to File for Bankruptcy as Soon as Sunday
Steward Health Care System, the largest U.S. physician-owned hospital operator, is planning to file for chapter 11 protection as soon as Sunday, people familiar with the matter said, marking one of the biggest hospital bankruptcies in decades.
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Palantir shares have surged 36% this year—and more than 200% over the last 12 months—as the data analytics software company gains traction with its artificial intelligence applications, in particular with U.S. commercial customers. Investors will get fresh insights on how Palantir’s AI push is going when the company reports first-quarter financial results after the close of trading on Monday. Palantir’s fourth-quarter results were impressive, driven by strength in the company’s U.S. commercial business, which were, as CEO Alex Karp put it in an interview with Barron’s three months ago, “bombastic, baller, incomprehensibly good.”
Barrons.comBerkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple
Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. The figures were heavily influenced by a large drop in the paper value of Berkshire’s investments. Buffett encourages investors to pay more attention to the conglomerate’s operating earnings that exclude the investment figures.
Associated Press FinanceU.S. Money Supply Is Doing Something So Rare That It Hasn't Happened Since the Great Depression -- and a Big Move in Stocks May Follow
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Motley FoolMove Over, Nvidia: Billionaire Dan Loeb Is Betting on This Dividend-Paying Magnificent Seven Stock to Win the Artificial Intelligence (AI) Race Instead
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Motley FoolCan a Nursing Home Take Our Savings? We Have a $500k Roth IRA and a Trust to Protect Us.
Can a nursing home seize your savings? What if your money is in a trust or a Roth IRA? For married and single retirees alike, these are important questions with nuanced answers. First for the good news: A nursing home cannot simply take your retirement accounts or savings. Short of legal action due to an […] The post Can a Nursing Home Take Our Assets? We Have a $500k IRA and a Trust to Protect Us appeared first on SmartReads by SmartAsset.
SmartAssetDow Jones Futures Rise; Palantir, AI Plays On Tap After Stock Market, Nvidia Make Bullish Moves
The market rally made a bullish move, with Nvidia flashing a buy signal. Palantir leads five AI stocks near buy points with earnings due.
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