Markets

Theron Mohamed A cardboard cut-out of Warren Buffett. Markets Insider Warren Buffett’s Berkshire Hathaway is hosting its shareholder meeting this weekend. Berkshire’s shareholder shopping day featured Geico, Dairy Queen, Duracell, and other brands. Take a look inside the “Berkshire Bazaar of Bargains”: Loading Something is loading. Warren Buffett’s Berkshire Hathaway is holding its annual shareholder… Continue reading Giant geckos, long lines, and cardboard cut-outs of Warren Buffett: Take a look inside the exhibit hall of Berkshire Hathaway’s annual shareholder meeting

US stocks plunged Friday to cap off a losing month for each of the major indexes.  The tech-heavy Nasdaq wrapped up its worst-performing month since 2008.  Russia’s central bank warned that sanctions would crash its economy and inflation will surge.  Loading Something is loading. US stocks fell Friday, as each of the three major indexes… Continue reading US stocks crater as the Dow sheds 938 points and Nasdaq notches its worst month since 2008

Cathie Wood’s Ark Innovation fund is wrapping up its worst-performing month ever, losing 29% in April.  Now, the fund is roughly 70% below its record-high in 2021 when pandemic stars like Zoom and Teladoc were surging.  On Thursday, Teladoc sank 48%, and Wood’s funds lost about $400 million from that stock alone.  Loading Something is… Continue reading Cathie Wood’s Ark Innovation fund is about to cap off its worst month ever

Nasdaq futures dropped 0.9% Friday as investors weighed disappointing Amazon and Apple earnings. Amazon fell 8.5% in Friday’s premarket after posting an unexpected loss and a weak second-quarter outlook. Oil rose after Germany said it’s ready to stop buying Russian oil, pointing to the possibility of a full EU embargo. Loading Something is loading. Nasdaq… Continue reading Nasdaq futures drop after disappointing Amazon and Apple earnings, while Asia techs soar

Amazon stock dropped 8.5% in premarket trading after the tech giant posted its first quarterly loss in seven years. The drop put the e-commerce leader on track to lose around $130 billion of market value when trading opens. Amazon is grappling with inflation and supply-chain problems, after spending big during the pandemic. Loading Something is… Continue reading Amazon tumbles 8.5% in premarket after posting first loss in 7 years

Elon Musk sold 4.4 million Tesla shares worth $4 billion over two days this week, SEC filings show. The billionaire is raising funds to complete his $44 billion deal to acquire Twitter. “No further Tesla sales planned after today,” Musk tweeted after the filings were made public. Loading Something is loading. Tesla founder and CEO… Continue reading Elon Musk sold $4 billion of Tesla shares over 2 days but says he’s now done selling, as he closes his Twitter buyout deal

US stocks popped higher Thursday, cementing a gain of 3% for the Nasdaq Composite.  Investors piled into Meta Platforms’ shares after the social media company reported results on Wednesday.   Apple and Amazon shares gained before quarterly results were released late Thursday.  Loading Something is loading. Stocks soared Thursday, paced by tech shares after Meta Platforms’… Continue reading Nasdaq leaps 3% as investors cheer tech earnings and sidestep weak GDP report

Fidelity Investments said Thursday it would add more than 12,000 new employees by September. The new hires will bring Fidelity’s headcount to 68,000 by year’s end, up 19% from the start of this year. The move is a stark contrast to competitors like Robinhood, which announced it is laying off hundreds of employees.  Loading Something… Continue reading Fidelity just announced a massive hiring spree, targeting more than 12,000 new staffers as the investment giant bets on the power of retail investors