(Bloomberg) — Turns out that Billionaire investor David Tepper, who said recently he would buy “everything” China-related amid Beijing’s stimulus blitz, trimmed exposure in e-commerce giant Alibaba Group Holding Ltd. …
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Cryptocurrency News
Indexes mixed as traders digest wholesale inflation and await Powell’s remarks
by skolnesFed Chair Jerome PowellBonnie Cash/Getty Images Indexes wavered Thursday as traders received wholesale inflation data. The producer price index showed prices rising 0.2% last month as expected. Markets will be …
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(Bloomberg) — Berkshire Hathaway Inc. bought stock in Domino’s Pizza Inc. and Pool Corp. during the third quarter as Chairman Warren Buffett cut back on some long-held investments. Shares of …
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Applied Materials forecasts quarterly revenue below estimates on weak demand
by skolnes(Reuters) – Applied Materials (AMAT) forecast first-quarter revenue below Wall Street estimates on Thursday, a sign of sluggish demand for the chipmaking equipment outside of AI-powered chips, sending its shares …
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Dow, S&P 500, Nasdaq slide as Powell says Fed in no ‘hurry’ on rate cuts
by skolnesUS stocks slid on Thursday as the post-election rally stalled further and investors assessed remarks from Federal Reserve Chair Jerome Powell, who said in a speech that the central bank …
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Disney stock jumps as earnings, streaming profit, and guidance top estimates
by skolnesDisney stock (DIS) popped on Thursday after the company reported fiscal fourth quarter earnings per share and revenue that topped Wall Street estimates and its direct-to-consumer business built on recent …
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Nu Holdings‘ (NYSE: NU) stock is sinking in Thursday’s trading following the company’s third-quarter release. The Brazil-based fintech‘s share price was down 7.9% as of 12:15 p.m. ET. Nu published …
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Dow, S&P 500, Nasdaq slip with Powell speech, Trump-led sweep in focus
by skolnesUS stocks were little changed on Thursday as investors waited for a Jerome Powell speech to set the tone for interest rate cuts and assessed the impact of a Republican …
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Rivian Automotive (NASDAQ: RIVN) stock is hitting the brakes today after it spiked nearly 14% yesterday. That jump came after the company announced final terms for a joint venture (JV) …
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Cava stock on a tear as fast-casual players continue to outperform the industry
by skolnesFast-casual chains continue to outpace the wider food industry in growth as value conscious diners demand affordable prices and experiences. Mediterranean chain Cava (CAVA) beat Wall Street estimates Tuesday afternoon, …