Derek Saul
Derek Saul is a New Jersey-based Senior Reporter on Forbes' news team. He graduated in 2021 from Duke University, where he majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper, joining Forbes soon thereafter. Saul has covered everything from technology companies to the stock market, providing insightful analysis and breaking news to his readers. His primary focus is on the performance of major tech companies such as Apple, Nvidia, and Alphabet, as well as the broader stock market indices like the S&P 500. He also reports on wage growth and jobs data. Saul's articles are well-researched and provide unique insights into the world of finance.
Biography:
https://www.forbes.com/sites/dereksaul/
85%
The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
90%
Examples:
- Derek Saul has a slight bias towards reporting on technology companies and their stock performance.
Conflicts of Interest
90%
Examples:
- Derek Saul often reports on companies in the technology sector, which may have conflicts of interest. However, he does not let these conflicts influence his reporting.
Contradictions
85%
Examples:
- There have been instances where Derek Saul has reported contradictory information about the financial performance of companies, such as Alphabet and Nvidia.
Deceptions
75%
Examples:
- In some articles, Derek Saul uses misleading language or presents information in a way that could be considered deceptive, such as the title of the article
Recent Articles
Tech Giants Alphabet and Tesla Send Stocks into Downturn: Disappointing Earnings Reports and Rising Interest Rates
Broke On: Tuesday, 23 July 2024On July 24, 2024, disappointing earnings reports from Alphabet and Tesla triggered a market selloff affecting major indices like the S&P 500, Dow Jones, and Nasdaq. Alphabet's higher-than-expected AI spending and missed YouTube advertising revenue estimates caused a near 4% drop in shares, while Tesla's missed profits and postponed autonomous taxi unveiling led to a 12% decline. This comes amidst scrutiny of the tech sector as investors consider the impact of rising interest rates on high-valuation stocks and ahead of earnings reports from other tech giants. 
Amazon Makes History: First Company to Reach $2 Trillion Market Capitalization
Broke On: Wednesday, 26 June 2024Amazon surpassed $2 trillion in market capitalization on June 26, 2024, becoming the fifth company to reach this milestone. The online retail giant reported its most profitable first quarter ever with a net income of $10.4 billion and an all-time high stock price of $193.61 due to investor interest in AI technologies and Amazon's significant investments in AI startups like Anthropic and Figure Technologies. 
Nvidia's Stock Split and Tesla's Investment: What You Need to Know Before the June 7th Event
Broke On: Wednesday, 05 June 2024Nvidia, the world's second most valuable tech company, announces a 10-for-1 stock split set for June 7th alongside strong first quarter earnings and Tesla's significant investment in Nvidia hardware for AI purposes. Despite the revenue increase and Tesla's spending of $3-4 billion on Nvidia hardware this year, some analysts advise caution due to high valuation and lack of consistent dividend payment. 
Apple's IntelliPhones: Revolutionizing AI and Setting the Stage for Mainstream Adoption at WWDC 2023
Broke On: Wednesday, 29 May 2024Apple, with its reputation for innovative products, is set to unveil new AI capabilities at WWDC on June 10, including virtual and augmented reality experiences and personal assistance on IntelliPhones. The integration of conversational AI is predicted to make these devices a desirable upgrade for users. Apple's rivals also invest in AI technology, but its seamless device integration may give it an edge in the market. WWDC anticipation has already boosted Apple's stock value. 
Delta Air Lines and Hecla Mining: Outperforming the S&P 500 with Premium Cabins and Silver Assets
Broke On: Tuesday, 28 May 2024Delta Air Lines and Hecla Mining have outperformed the S&P 500 index with impressive growth in premium cabin revenue for Delta and strong silver asset performance for Hecla. Delta's focus on its SkyMiles program and partnership with American Express contribute to its success, while Hecla benefits from higher-than-expected silver grades at Greens Creek. 
Fast-Casual Chains Thrive: Chipotle, Sweetgreen, and Wingstop Report Strong Sales Growth in Q1 2024
Broke On: Friday, 10 May 2024Despite a consumer slowdown, fast-casual chains like Chipotle Mexican Grill, Sweetgreen, and Wingstop reported strong sales growth in Q1 2024. High-income consumers are driving this trend due to perception of better value. Chipotle and Wingstop saw significant same-store sales growth, while Sweetgreen raised its full-year outlook despite flat traffic. 
Nvidia Surges to New Highs as Stock Market Rally Continues
Broke On: Friday, 08 March 2024The stock market is experiencing a strong rally, with the S&P 500 and Nasdaq hitting fresh all-time highs on Thursday. Nvidia (NVDA) rose sharply again, becoming the most extended its been in decades. U.S. Private Sector Adds 103,000 Jobs in November Amid Slowing Wage Growth
Broke On: Wednesday, 06 December 2023Private sector employment in the U.S. increased by 103,000 jobs in November. Wage growth hit its lowest level since 2021, with a 5.6% year-over-year increase. Small businesses added 6,000 jobs, while mid-sized businesses added 68,000 jobs. Service jobs increased by 117,000, while goods-producing jobs declined by 14,000. The leisure and hospitality industry shed 7,000 jobs. Alphabet Q3 2023 Earnings Surpass Expectations, Stock Slides in After-Hours Trading
Broke On: Tuesday, 24 October 2023Alphabet's Q3 2023 total revenue was $65.11 billion, a 41% increase from the same period last year. Net income was $20.57 billion, or $30.58 per share, exceeding the $18.82 per share expected by analysts. Google's ad revenue was $58.9 billion, a 43% increase from the same period last year. YouTube's ad revenue was $8 billion, a 46% increase from the same period last year. Alphabet's stock slid by 1.5% in after-hours trading.