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Norm-breaking SpaceX IPO a source of elation, angst on Wall StreetSpaceX is poised for a historic IPO, aiming to raise $75 billion with a $1.8 trillion valuation. Despite immense investor excitement and Mu...- US Stocks: Best Buy taps insider Bonfig to succeed veteran Barry as CEO amid demand slowdownBest Buy on Wednesday named insider Jason Bonfig as CEO, replacing longtime executive Corie Barry, in a leadership change that comes as t...
- US Stock Market: An 800-year-old math principle to spot bottom of S&P 500's routThe S&P 500 Index faces its worst month in a year. Technical analysis points to a potential 9% drop before finding support. This level, kno...
- AI sore big tech cos' artificial splurge eats into stock buybacksIn a bold pivot towards the future, major tech giants are pulling back on stock buybacks to invest heavily in artificial intelligence. Thei...
- Coca-Cola names insider Henrique Braun as CEO, replacing James QuinceyCoca-Cola has appointed Henrique Braun as its new Chief Executive Officer. He takes over from James Quincey, who will become executive chai...
- Alphabet hits $3 trillion in market capitalisation for the first timeAlphabet joined companies including iPhone maker Apple and Microsoft that have also clinched valuations of $3 trillion. AI-leader Nvidia ha...
- Nvidia in focus after Fed raises rate cut hopesTraders anticipate Federal Reserve interest rate cuts. The stock market faces a test with artificial intelligence. Nvidia Corp will report ...
- Microsoft set to hit $4 trillion market cap after earnings beatMicrosoft may soon achieve a market value of $4 trillion. This follows a strong earnings report that exceeded expectations. The company's s...
- Microsoft set to hit $4 trillion market cap after earnings beatMicrosoft is set to become the world’s second $4 trillion company after strong earnings pushed its shares up 9%. Azure cloud sales rose 39%...
- Wall Street Week Ahead: Retail stocks search for direction as rates stay highElevated U.S. interest rates are impacting the U.S. retail sector, with some stocks soaring while others struggle. The S&P 500 Consumer Dis...
- S&P 500 posts longest weekly winning streak since 2017; finishes flat on dayThe Dow Jones Industrial Average rose 56.81 points, or 0.15%, to 37,305.16, the S&P 500 lost 0.36 points, or 0.01%, to 4,719.19 and the Nas...
- Retail investors clash with pros over best stock trade before the Fed rate decisionAlec Young, chief investment strategist at MAPsignals, said that while “retail might have it right,” the professionals’ caution is warrante...
- Snap sets off alarm bells in ad-reliant social media sectorFacebook-parent Meta Platform Inc and Pinterest Inc fell between 2% and 7%. Twitter Inc slid 3%, also dragged by fears of security reviews ...
- Dow edges up on retail earnings boostAt 09:41 a.m. ET, the Dow Jones Industrial Average was up 26.85 points, or 0.08%, at 33,939.29, the S&P 500 was down 5.77 points, or 0.13%,...
- Twitter shares slump as Musk deal backtrack sets scene for legal battleShares dropped 6.6% to $34.40 as of 9:38 a.m., on track to erase about $1.8 billion in market value, after Musk backed out of an agreement ...
- Twitter investors vote against re-electing Elon Musk ally to boardInvestors voted against Egon Durban, the co-head of private equity firm Silver Lake, who partnered with Tesla CEO Elon Musk on his abandone...
- Russia-exposed stocks plunge as tougher Western sanctions loomLondon-listed shares of Russia's two biggest companies by market value, Sberbank and Gazprom, fell 74.6% and 37.9%, respectively.
- S&P 500 hits record high as 'prudent Powell' stands pat on policyAll the 11 major S&P sectors were up, with energy, materials and communication services jumping 1 per cent each.
- NFT-related stocks gyrate wildly as digital asset buzz growsEarlier this month, a $70 million digital-only artwork was auctioned by Christie's to a crypto asset investor who goes by the pseudonym "Me...
- Wall Street Weekahead: Investors bet old-school retailers will rebound in 2021The SPDR S&P Retail ETF, which tracks a broad group of retailers such as department and specialty stores, is up nearly 40 per cent this yea...
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