Eight companies are responsible for nearly half of the stock market’s decline this year, and the pain doesn’t end there. Apple Inc., Microsoft Corp. Amazon. com Inc., Tesla Inc.. and the parent companies of Google and Facebook have grown so large in recent years that they make up 25% of the S&P 500 by 2022. … Read more
At Warren Buffett’s Berkshire Hathaway (BRKB) purchased World Paramount (PARA) for the first time during the market turbulence of the first quarter, while completely abandoning two drug stocks. X What Warren Buffett Bought, Sold in the First Quarter Buffett’s Berkshire has acquired nearly 69 million shares of Paramount Global worth more than $2.6 billion, according … Read more
The tide has been ebbing in the market lately – and especially on high-growth technologies. the Nasdaq Composite Index is down about 30% from all-time highs, but many individual stocks have been down even more than that. The reasons for this vicious accident are many, but here’s the thing about tides: they don’t come out … Read more
Despite production delays and market upheaval, Amazon is still counting on electric vehicle startup Rivian to help it meet ambitious climate goals and put tens of thousands of electric delivery vans on the road. Rivian runs a lean operation: The number of vehicles it produced this quarter almost exactly equals the number of semiconductors it … Read more
The Dow Jones Industrial Average surged, but the Nasdaq shone the brightest as stocks fought back. Twitter (TWTR) dove on a move by You’re here (TSLA) CEO Elon Musk. Warren Buffett Stock western oil (OXY) offered a bounce entry while Apple (AAPL) was one of the best blue chips. X Beaten tech stocks were among … Read more
US stocks rebounded on Friday, shaking off some losses from earlier in the week after concerns about lingering inflation and the resilience of the US economy sparked fresh volatility in recent sessions. The S&P 500 rose more than 2% intraday on Friday while the Nasdaq jumped more than 3.5% to head for its best day … Read more
Shares of Affirm Holdings Inc. surged in after-hours trading on Thursday after the buy-it-now pay-later company reported better revenue and sought to reassure investors of its positioning in a time of recession. slow-down. Turnover at Affirm AFRM, +23.31% rose to $354.8 million in the third fiscal quarter from $231 million a year earlier, when analysts … Read more
U.S. equity futures fell in premarket trading on Thursday after another day of falling markets as investors digested more searing inflation data that showed price levels remained high in April. S&P 500 futures fell 0.4% after the index settled at 3,935.18, its lowest level since March 2021. The S&P 500 fell more than 17% during … Read more
U.S. equity futures fell in premarket trading on Thursday after another day of falling markets as investors digested more searing inflation data that showed price levels remained high in April. S&P 500 futures fell 0.4% after the index settled at 3,935.18, its lowest level since March 2021. The S&P 500 fell more than 17% during … Read more
Fresh vegetable prices rose 24% year-on-year in April as consumers stocked up to prepare for possible stay-at-home orders. Pictured is a delivery driver from Alibaba’s Hema Fresh supermarket in Beijing on May 10, 2022. Jade Gao | AFP | Getty Images BEIJING — Consumer and producer prices in China rose more than expected in April, … Read more