The sharp drop in US stocks in October erased all the gains made earlier in the month, with tech heavyweights leading the sell-off. The S&P 500 ended down 1.9 percent, while the Nasdaq Composite closed 2.8 percent lower on the final trading day of the month. Big Tech companies like Microsoft and Meta experienced significant … Read more
Meta Platforms, the parent company of Facebook, has issued a warning about the significant increase in expenses related to artificial intelligence infrastructure next year. Despite this, the company managed to surpass analysts’ expectations for both revenue and profit in the third quarter. The results have left investors unsure about whether the revenue generated from digital … Read more
Caesars Entertainment surprised investors with a third-quarter loss, falling short of market expectations. The company attributed the poor results to new competition and disruptions caused by construction in regional markets. Following the news, Caesars’ shares dropped by 4% in after-hours trading. Instead of the expected profit of 12 cents per share, Caesars reported a loss … Read more
“ Saudi Arabia will be hosting top figures from the finance and technology sectors next week in a significant test of investor interest in the kingdom’s efforts to position itself as a global hub amidst escalating regional conflicts. International executives will be navigating through a region marked by geopolitical tensions, including the looming possibility of … Read more
Democratic Senate candidates in key “blue wall” states crucial to the 2024 election are distancing themselves from Vice President Harris in an effort to appeal to former President Trump’s supporters and secure their seats. During high-stakes debates, these candidates have avoided direct criticism of Trump, instead focusing on policy issues and their own accomplishments. Pennsylvania … Read more
Loop has initiated coverage of AppLovin as a buy, stating that the software publisher is an indispensable infrastructure for the mobile gaming industry. They have given it a Buy rating and a $181 price target. Bernstein has initiated Costco as outperform, highlighting it as the highest quality company in their coverage. Despite trading at an … Read more
Nvidia (NVDA) achieved a new all-time high on Monday as investors await the upcoming earnings reports from Big Tech companies in November. The chipmaker’s stock surged 4.14% to close at $143.71 per share, with its shares continuing to rise in after-hours trading. Earlier in the day, Nvidia’s stock hit an intraday high of $142.46, as … Read more
Amid Warren Buffett’s $132 Billion Warning to Wall Street, He Can’t Stop Buying Shares of These 4 Unstoppable Stocks Arguably no money manager is more closely followed on Wall Street than Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett. Aside from being an open book and willingly sharing the traits he looks for when putting … Read more
BlackRock’s main entrance building in Manhattan features a marquee that is an iconic symbol of the company. A year ago, Samara Cohen, the chief investment officer for BlackRock’s exchange-traded funds and index investments, believed that there was a high demand for bitcoin. This led to the launch of one of the first spot bitcoin exchange-traded … Read more
Wall Street remained close to its record highs but ended the day with minimal changes compared to Tuesday. In contrast, China’s stock market experienced a decline due to a disappointing housing stimulus announcement, while Japan’s market was impacted by weak export data. Despite this, Taiwan’s TSMC continued to perform well, along with companies like Nvidia … Read more