U.S. stocks could open on a negative note on Tuesday after the averages maintained a cautious stance last week. Futures of all three major indices were slightly down on Tuesday, pointing to a cautious sentiment on Wall Street. Economic data and Federal Reserve chair Jerome Powell’s comments about the future of rate cuts dampened the…
Investors and speculators are gearing up for Nvidia Corp.‘s NVDA earnings report on Wednesday, an event that’s expected to send ripples, if not tidal waves, across the U.S. stock market. If the options market is right, Nvidia’s results could spark moves in the S&P 500 index – as tracked by the SPDR S&P 500 ETF…
Jeff Bezos, the founder of Amazon.com Inc. AMZN, has wrapped up his recent sale of Amazon shares. Last week, Bezos sold off Amazon stock worth $1.3 billion, taking his total sales for November to a whopping $3.4 billion. What Happened: Bezos has offloaded a total of $5.1 billion worth of Amazon stock since July. These sales…
Amazon.Com, Inc. AMZN shares are moving lower on Friday after Third Point reported that it decreased its stake in the company. Here’s what you need to know. What To Know: In the 13F filing with the Securities and Exchange Commission, Third Points disclosed that it decreased its stake in Amazon by 27% from 5,100,000 shares…
Here’s a look at the top five trending stocks on Yahoo Finance. Pfizer, Inc. PFE: Shares of vaccine stocks are down after President-elect Donald Trump pointed to Robert Kennedy Jr. as potentially the next Health and Human Services secretary. Trump has said he would let Kennedy “go wild on health” and could “do pretty much…
MacKenzie Scott, the ex-wife of Amazon.com, Inc. AMZN founder Jeff Bezos, has recently sold 11% of her Amazon shares, valued at over $8 billion. The Details: Scott received approximately 400 million Amazon shares as part of her divorce settlement with Bezos in 2019 and signed The Giving Pledge, a commitment to donate most of her…
The US stock market experienced a downward trend on Thursday, with both the Nasdaq Composite and the S&P 500 indices falling by nearly 0.6% respectively. The Dow also traded down by 0.5% to 43,750.86. This came amidst news of a 0.2% rise in U.S. producer prices for October. Federal Reserve Chair Jerome Powell highlighted the…
Signs of a waning Trump-led rally emerged Thursday as investors assessed the economic outlook and awaited potential signals on the interest-rate path from the upcoming Fed Chair Jerome Powell‘s speech in Dallas at 3 p.m. ET. Inflation data from the past two days provided mixed signals: consumer prices met expectations, while producer prices slightly exceeded…
Brokerage firm CLSA maintained a bullish call on Reliance Industries even as the stock has seen a huge correction recently. What Happened: Reliance’s share price has fallen more than 20% from its highs in July. The company in its Q2 results saw its bottom line decline by 4.8% to ₹16,563 crore. The conglomerate’s revenue was…
The European Union has directed Apple Inc. AAPL to discontinue geo-blocking on its media services. What Happened: The European Commission has identified several geo-blocking practices on Apple’s platforms, including the App Store, Apple Arcade, Music, iTunes Store, Books, and Podcasts. These practices involve restricting content based on a user’s geographical location. The Commission has warned…