Finance
By Chuck Mikolajczak NEW YORK (Reuters) -Global stocks were on pace for their third straight week of gains and seventh consecutive monthly advance on Friday buoyed by strong gains in megacap Amazon after its quarterly earnings, while the dollar climbed after hawkish comments from some Federal Reserve officials. Amazon surged 9.6% after reporting cloud revenue…
Shares of networking chips designer Marvell Technology (NASDAQ: MRVL) jumped 5.8% in the afternoon session after Amazon announced robust demand for its Trainium processors, which are manufactured by Marvell. The update came from Amazon CEO Andy Jassy, who highlighted an impressive 150% quarter-over-quarter growth for the Trainium2 chip. This rapid expansion turned the processor line…
Shares of streaming video giant Netflix (NASDAQ: NFLX) jumped 3.7% in the afternoon session after the company announced a 10-for-1 stock split. The move was intended to make its shares more accessible to employees participating in the company’s stock option program and to retail investors, as the price had topped $1,000. Following the announcement, Netflix…
In brief Brazilian Bitcoin treasury OranjeBTC started trading publicly on October 7. The company owns 3,708 BTC, worth $408.3 million. But it has already halted buying Bitcoin, and is instead buying back its own shares. Brazil’s biggest Bitcoin treasury OranjeBTC has halted purchasing BTC and instead has bought back its own shares, the publicly traded…
By Sinéad Carew and Pranav Kashyap (Reuters) -The Nasdaq index advanced faster than the S&P 500 and the Dow on Friday with a strong boost from Amazon’s upbeat earnings forecast, but worries about hawkish Federal Reserve commentary and the potential expiry of government food aid benefits dampened the investor mood. Amazon shares jumped 11%, hitting…
This article first appeared on GuruFocus. Netflix (NASDAQ:NFLX) shares rose about 3% on Friday morning after the company said it will move forward with a 10-for-1 stock split The split will provide nine additional shares for every share currently owned. Netflix said the decision is intended to lower the trading price to a range that…
The parent company of the Texas Stock Exchange closed its second funding round and announced backing from JPMorgan Chase & Co. JPMorgan’s participation is significant because it adds one of the world’s largest and most storied financial companies to the rush of supporters for the upstart exchange as it readies to launch in 2026. Source…
This article first appeared on GuruFocus. U.S. markets opened higher Friday, with the S&P 500 and Nasdaq pushing up as big tech names led gain. The Dow Jones Industrial Average rose about 0.1% to roughly 47,588, a touch below its Oct. 28 record close of 47,706. The S&P 500 opened about 0.7% higher, while the…
(Bloomberg) — Cloudflare Inc. shares surged to a record after posting better-than-expected sales figures that topped quarterly and annual estimates, following a reorganization and the addition of more large enterprise customers. The cybersecurity firm projected sales of $589 million in the fourth quarter, exceeding analysts’ estimates of $580.9 million on average. Cloudflare’s revenue totaled $562…
Oct 31 (Reuters) – TXSE Group said on Friday Wall Street behemoth J.P. Morgan had made a strategic investment in the company, becoming the latest to join a roster of marquee backers of the Texas Stock Exchange-parent. The total capital raised by TXSE, backed by financial heavyweights BlackRock (BLK.N), opens new tab, Charles Schwab (SCHW.N),…