Recently filed documents with the U.S. Securities and Exchange Commission (SEC) reveal that Amazon founder Jeff Bezos has sold Amazon (AMZN, Financial) shares valued at $1.2 billion. These transactions took place on two separate days, increasing his total stock sales for November to $2.7 billion. Since July, Bezos has sold a total of $4.4 billion…
GuruFocus hosts a contest every quarter in which people can guess the stocks they think Warren Buffett (Trades, Portfolio) might have bought. The 3rd-quarter contest begins today and ends Thursday Nov. 14. To participate, pick ONLY THREE stocks you think he purchased between July 1 and Sept. 30, 2024 and post them into the comments…
Market Performance on Election Day The stock market experienced substantial gains on Election Day. The S&P 500 increased by 1.2%, the Nasdaq Composite rose by 1.4%, the Dow Jones Industrial Average climbed 0.4%, and the Russell 2000 advanced 1.9%. This upward movement was driven by a rise in the ISM Services PMI for October, signaling…
Blowing past a significant mark in October with one million cumulative deliveries, Li Auto (LI, Financial) has become the first premium Chinese car company to do so. With 51,443 automobiles recorded in October, the company’s YTD count comes to 393,255 units. Though it is a 4.2% drop from the 53,709 units sold in September, this…
Apple CEO Tim Cook recently visited China, where he explored the intersection of technology and agriculture. Cook expressed commitment to empowering communities and was keen on understanding how devices like the iPhone and iPad aid farmers in promoting efficient and sustainable practices. Cook’s visit included a stop at an organic farm in Beijing’s Shunyi district,…
CITIC Capital Holdings announced a significant acquisition involving its private equity firm, Trustar Capital, which signed an agreement with CITIC Limited to acquire shares of McDonald’s operations in mainland China, Hong Kong, and Macau. The transaction ensures that the CITIC Capital consortium, including Trustar Capital, remains the controlling shareholder of McDonald’s China. According to the…
According to data from Cox Automotive and the Kelley Blue Book, Tesla (TSLA, Financial) continues to lead the U.S. electric vehicle (EV) market. In the third quarter of this year, Tesla captured the top three spots on the best-selling EV list, with the Cybertruck ranking third, the Model 3 sedan coming in second, and the…
Global oil prices have experienced a significant drop, impacting oil stocks in the U.S. market. Equinor (EQNR, Financial) saw a decline of over 4% in pre-market trading. Major oil companies like TotalEnergies, BP, Shell, ExxonMobil, and Eni faced declines exceeding 2-3%. Chevron’s shares were down nearly 2%. Currently, Brent crude has decreased by 3.6%, reaching…
General Motors (GM, Financial) reported a total vehicle delivery of 659,601 units in the U.S. for Q3, marking a 2.2% year-over-year decline. However, electric vehicle (EV) sales reached a new peak with 32,195 units sold, representing a 60% year-over-year increase and a 46% rise from Q2. As a result, GM’s market share in the U.S….
China’s Economic Measures The market’s attention was largely focused on China during the past week, as the country’s officials announced a raft of measures aimed at boosting consumption, property demand, and stock market liquidity. The People’s Bank of China lowered its reserve requirement ratio, the repurchase rate, the medium-term lending facility rate, and hinted at…