With the new year right around the corner, TD Cowen deputy head of research Lisa Thomas sits down with Market Domination Hosts Julie Hyman and Josh Lipton to discuss what she expects to be a top trend of 2025: shifting age demographics. "The 65-plus population surge, the silver tsunami, is really significant. So by 2050, you are going to have nearly a quarter of the population that is 65 or older. That's up from 18% right now," Thomas says, explaining, "There are huge implications, in big ways and then in everyday ways." Thomas goes on to say that "at a macro level, you have to think about things like home renovation because nearly 75% of the people that we've spoken to in that cohort do plan to or hope to age in [their] home, and so there's a huge amount of home renovation that's going on as they modify their homes to make way for aging in place... And when you think that that's a $1 trillion market in North American home renovation, we think that under some scenarios, that could continue to grow another 5% or 6%." "On the everyday side of the spectrum, one thing that came out of our work is coffee. So it turns out when you get older, you drink more coffee," Thomas explains, connecting this experience with the reason why coffee chain Dutch Bros. (BROS) is among TD Cowen's "best ideas for 2025. Watch the video above to learn more about the expected trends, including reshoring and weight-loss drugs. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Naomi Buchanan.
ORLANDO, Fla., December 12, 2024--Today, Luminar (NASDAQ: LAZR), a leading global automotive technology company, announced certain key executive updates that include Alex Fishkin joining as Chief Legal Officer, Michael Southard as Vice President of Engineering, and Marc Losiewicz appointed as Chief Business Officer and General Manager.
Building products company Quanex (NYSE:NX) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 66.6% year on year to $492.2 million. Its GAAP loss of $0.30 per share decreased from $0.83 in the same quarter last year.
(Bloomberg) -- MetLife Inc. would consider complementary acquisitions in private credit as part of the company’s new strategic plan, according to Chief Financial Officer John McCallion. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley Dream“Our pre-existing foothold here puts us in a great positi
President-elect Donald Trump talked about his plans for immigration reform at the New York Stock Exchange when he rang the opening bell Thursday morning after being named Time's "Person of the Year" for the second time. Trump's proposed mass deportations could have a complex impact on the real estate market. Marcus & Millichap (MMI) CEO Hessam Nadji sits down with Catalysts Co-Hosts Seana Smith and Madison Mills to discuss the expected impact of Trump's second term and immigration policy on the commercial real estate market. "It has two different aspects to it," Nadji says, pointing to two big factors: the workforce housing renter and increased construction costs. "The workforce housing renter tends to have a very large migrant population. If the threats of deportation and so on really do play out at the scale that Donald Trump is talking about, that would affect a lot of gateway markets, [such as] Class B and [class] C apartment renters," the CEO adds. "And then on the other side of the equation, not just on the construction labor force, which would be affected, of course, but also when you hear things about tariffs and trade conflict with our trading partners, that affects supply, that affects lumber prices, that affects all kinds of aspects of new construction." Nadji notes the uncertainty still surrounding all of this: "What people say versus what they're able to actually execute are often two different things. So the market isn't panicking about that. Our clients certainly aren't overly concerned." To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan.
Goldman Sachs analyst Neil Mehta rated Exxon Mobil Corporation (NYSE:XOM) Neutral and a price target of $125. Yesterday, the company unveiled its Corporate Plan to 2030, targeting an additional $20 billion in earnings and $30 billion in cash flow over the next six years. The 2030 goals include increasing Pioneer acquisition synergies by 50% to over $3 billion annually, growing new business earnings to $3 billion. ExxonMobil is targeting up to $30 billion in lower-emissions investments and will a
SANTA CLARA, Calif., December 12, 2024--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today announced that its Amelia Conversational AI Platform has been named a Leader in the 2024 Frost Radar™: Enterprise Conversational AI in Healthcare.