The S&P 500 and Nasdaq both slipped into the red, reversing early gains on Thursday, while the Dow Jones remained in positive territory in midday trading. NVIDIA Corp. NVDA led the tech sector lower after the company posted its smallest revenue beat in years on Wednesday. Wall Street digested a slew of new economic data…
Jeff Bezos, founder of tech giant Amazon, has amassed enormous wealth over the last few decades, with figures relating to his personal fortune astounding people from time to time. What happened: In one such instance from July 2020, Bezos’ wealth swelled to $171 billion, according to a Bloomberg report, which at the time was more…
The U.S. stock market lacked direction on Tuesday morning as investors stayed on the sidelines ahead of Wednesday’s release of November inflation data, a critical report that could influence the Federal Reserve’s decision on a potential interest rate cut next week. Large-cap indices hovered near unchanged levels, while small caps slightly outperformed, with the Russell…
Donald Trump‘s return to the White House could usher in a new era of cryptocurrency-friendly policies, according to recent reports and insights from sources close to the transition team. What Happened: Axios reported on Tuesday that Trump, who promised a “golden age of America,” will focus on boosting market metrics, including cryptocurrencies. The former president…
Microsoft Corp. co-founder Bill Gates has maintained a grim view on cryptocurrencies, including Bitcoin BTC/USD, and some of his remarks over the years have been unsparing, to say the least. What happened: The former Microsoft boss delivered a scathing criticism of cryptocurrencies and non-fungible tokens, or NFTs, back in June 2022. At a climate conference,…
The U.S. stock market posted another week of strong performance, with major large-cap indices such as the S&P 500, the Dow Jones and the Nasdaq 100 extending their record highs. Technology and consumer discretionary sectors led the gains, driven by several mega-cap tech giants – Apple Inc. AAPL, Amazon.com Inc. AMZN and Meta Platforms Inc….
As U.S. markets paused for Thanksgiving, European equities staged a rebound on Thursday, snapping a three-day losing streak. Lower-than-expected consumer inflation data from Germany rekindled optimism for more aggressive rate cuts by the European Central Bank (ECB). Germany’s annual inflation rate edged higher, rising from 2.0% in October to 2.2% in November , but came…
A mix of easing global geopolitical tensions, post-election bullish momentum and favorable seasonal trends propelled major U.S. stock indices to new record heights during Monday morning trading, marking what could be another historic session on Wall Street. The S&P 500 and Dow Jones Industrial Average surged to all-time records, hitting intraday highs of 6,020 and…
Berkshire Hathaway Inc. BRK BRK has amassed a staggering $325 billion cash reserve, its largest ever, and nearly double the previous year’s balance. This coincides with a record high in Warren Buffett’s favored valuation metric: the stock market’s value relative to the U.S. economy. While this may seem like Buffett is predicting an imminent market…
After Warren Buffett‘s conglomerate Berkshire Hathaway Inc BRK BRK declared its third-quarter results in early November, investors have been curious as to why he sitting on nearly $325 billion in cash and equivalents. What Happened: Analysts have been speculating an array of reasons for the world’s most famous value investor to be holding such a…