(Bloomberg) — It was once a symbol of rebellion against the well-heeled Wall Street establishment. Today, it’s just another day in markets. Most Read from Bloomberg This week proved the point. Opendoor surged 43% in a single day. Krispy Kreme rallied 39% in a matter of hours. GoPro briefly spiked 73%. Reddit message boards lit…
Traders work on the floor of the New York Stock Exchange (NYSE) on July 07, 2025, in New York City. Spencer Platt | Getty Images News | Getty Images It’s a new day, and meme traders have found more stocks to put on the pedestal. Reddit-obsessed retail traders targeted wearable camera firm GoPro and doughnut…
Opendoor Technologies, a penny stock last week, attracted sudden interest among Reddit-obsessed retail traders, who pushed up the stock price by threefold in days. The online real estate startup saw shares popping more than 14% Tuesday before turning negative, after a red-hot run powered by retail traders chasing meme stocks. It had surged more than…
Warren Buffett and the media by the BNSF Railway display at the Annual Berkshire Hathaway Shareholder’s Meeting in Omaha, NE on May 6, 2017. Lacy O’Toole | CNBC Warren Buffett on Tuesday knocked down reports that Berkshire Hathaway-owned railroad BNSF was working with Goldman Sachs on a takeover of a rival. The 94-year-old billionaire investor…
JPMorgan Chase CEO Jamie Dimon has shared an interesting anecdote from late 1999. Dimon revealed that Amazon founder Jeff Bezos offered him a job at Amazon and he nearly left Wall Street behind to take it. However, ultimately Dimon decided to not accept the offer, citing the significant personal and professional shift it would have…
Global markets today: Asian markets showed a mixed trend on Monday, with investors closely monitoring the People’s Bank of China’s upcoming decision on the 1-year and 5-year loan prime rates for July, along with recent trade-related developments. South Korea’s markets opened on a positive note, with the Kospi index rising 0.45 per cent, while the…
(Bloomberg) — The conventional wisdom on Wall Street appears to be that the US stock market’s latest march to records has been unabated because, when it comes to tariff threats, President Donald Trump talks loudly but carries a small stick. Most Read from Bloomberg Yet, regardless of what the levies on imports from remaining trading…
It all comes back to tech, once again. Magnificent Seven earnings kick off in the week ahead, with Alphabet and Tesla the first of the megacaps to report this earnings season at a time when the artificial intelligence trade — along with strong quarterly results and economic data — is once again carrying the market…
By Stella Qiu SYDNEY (Reuters) -Asian shares tracked Wall Street higher on Friday as still-strong U.S. economic data and robust corporate earnings offset tariff worries, while the yen headed toward a second successive week of loss ahead of Japan’s upper house election. Overnight, the S&P 500 and the Nasdaq again closed at record highs as…
Wells Fargo & Co. suspended travel to China after one of its bankers who works in trade financing was recently blocked from leaving the country. Chenyue Mao, an Atlanta-based managing director who was born in Shanghai, was banned from exiting China after entering the country in recent weeks, according to a person with knowledge of…