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    Stock rises amid streaming strength as studios, linear TV pressure revenue

    by skolnes November 7, 2024
    November 7, 2024

    Warner Bros. Discovery (WBD) stock rose over 1% in premarket trading on Thursday after the company reported strong streaming results in the third quarter. But revenue missed expectations as the …

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    Moderna reports surprise profit on higher-than-expected COVID vaccine sales

    by skolnes November 7, 2024
    November 7, 2024

    By Patrick Wingrove (Reuters) – Moderna (MRNA) reported a surprise third-quarter profit on Thursday, driven by cost cutting and higher-than-expected sales of its COVID-19 vaccine, even with low revenue from …

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    Billionaire Jeff Yass Sold 61% of Susquehanna’s Stake in Palantir and Is Piling Into Another Headline-Grabbing Artificial Intelligence (AI) Stock

    by skolnes November 7, 2024
    November 7, 2024

    Over the last two years, there’s not been a hotter trend on Wall Street than the rise of artificial intelligence (AI). In Sizing the Prize, the analysts at PwC predict …

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    Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell

    by skolnes November 7, 2024
    November 7, 2024

    TOKYO (AP) — Nissan reported Thursday a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned, prompting the Japanese automaker to slash 9,000 …

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    Trump win casts fresh doubts over Wall Street’s China strategy

    by skolnes November 7, 2024
    November 7, 2024

    By Selena Li, Scott Murdoch and Kane Wu HONG KONG/SYDNEY (Reuters) – More U.S. financial firms may pull back from China, hive off local units to minimise risks or pause …

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    Asian Stocks Gain as Traders Mull Trump Win, Fed: Markets Wrap

    by skolnes November 7, 2024
    November 7, 2024

    (Bloomberg) — Asian shares rose, following their US peers higher, as investors positioned for a second Donald Trump presidency and an expected Federal Reserve interest-rate cut. Most Read from Bloomberg …

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    These 5 billionaires were the biggest net-worth winners today as stocks surged

    by skolnes November 7, 2024
    November 7, 2024

    ANGELA WEISS/AFP The world’s richest people saw huge wealth gains as stocks rallied after the election on Wednesday. The biggest gainers include Elon Musk, Larry Ellison, and Warren Buffett. Stocks …

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  • Cryptocurrency News

    There’s a big warning sign for consumers flashing as stocks surge

    by skolnes November 7, 2024
    November 7, 2024

    iStock; BI Bond yields surged after Trump’s reelection, which could impact the rate consumer borrowers get on loans. The 10-year Treasury yield rose 18 basis points, and the 30-year bond …

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    3 post-election reasons why stocks will rise into year-end, Goldman says

    by skolnes November 7, 2024
    November 7, 2024

    Getty Images; Jenny Chang-Rodriguez/BI The S&P 500 can add to record highs through year-end with Trump headed to the White House, Goldman says. The end of political uncertainty will bring …

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  • Cryptocurrency News

    Asian shares retreat after Trump’s victory as focus turns to the Fed

    by skolnes November 7, 2024
    November 7, 2024

    Shares retreated in Asia early Thursday after U.S. stocks stormed to records as investors wagered on what Donald Trump’s return to the White House will mean for the economy and …

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