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Quantum computing may be key that unlocks artificial general intelligence
For more than 40 years, technologists have rhapsodized about quantum (superfast) computing, saying it would come soon and fundamentally change the world. That obviously hasn’t happened yet. But many experts say it’s coming in the next five years. And if it does, quantum computing could make artificial intelligence extremely more potent. This would give tech […]
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PNC shoots for the stars; Will it get there?
Bill Demchak, CEO of PNC Financial Services (NYSE: PNC), is nothing if not ambitious. He has a goal for the eighth largest U.S. bank to grow its assets to $1 trillion from $559 billion as of June 30, The Wall Street Journal reports. That’s a whopping 79% increase. Pittsburgh-based PNC has a solid track record […]
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Trane may not sound exciting, but its returns are
The heating, ventilation and air conditioning (HVAC) business is obviously a prosaic one. But the stock-market performance of HVAC stalwart Trane Technologies (NYSE: TT) is more poetic than prosaic. It has generated an annualized return of 26.2% over the past 10 years, way above the 14.9% return of the S&P 500. HVAC, including servicing as […]
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United Rentals: Old-school industrial company beats much of tech sector
You may not know of United Rentals (NYSE: URI), the world’s biggest equipment rental company. It receives little attention in major financial media. But its stock has outperformed technology icons Alphabet, Amazon, Apple, Meta Platforms and Microsoft over the past 10 years. In fact, it was the 18th best performer in the S&P 500 over […]
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E.l.f. Beauty investment into social media paying off
E.l.f. Beauty (NYSE: ELF) is winning with both customers and shareholders lately as the cosmetics company expands overseas and invests in marketing on social media platforms. The inexpensive cosmetics company is pouring money into marketing its lip gloss, eye shadow and skincare on TikTok where Gen Z-ers scroll for information about what brands are popular, […]
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Weak employment numbers may not be sign of stronger stocks
In the run-up to Friday’s employment data, investors grew excited about the prospect for weak numbers, knowing that such an outcome could push the Federal Reserve to cut interest rates. Indeed, interest-rate futures point to a 100% probability of a rate reduction at the Fed’s meeting Sept. 15-16. A rate cut could boost stocks by […]