A recent U.S. Army presentation is sounding alarms for investors in Palantir (NYSE:PLTR). During an industry event at Fort Belvoir, Virginia, U.S. Army officials revealed plans to overhaul the Army Data Platform, formerly known as the Vantage dashboard. According to William Blair analyst Louie DiPalma, the comments made at the event indicate potential problems with …
The Magnificent Seven Stocks Amazon.com (AMZN), Apple (AAPL), Google parent Alphabet (GOOGL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA) generally paused or retreated last week, while small caps and sectors such as industrials, construction, financials, and travel experienced gains. Despite the slowdown, a constructively focused perspective might reveal that the Magnificent Seven …
As the new week begins, Bitcoin (BTC) is experiencing significant volatility, with a focus on the $42,000 level. The cryptocurrency, which saw a weekend surge of over 10%, is keeping traders on their toes with uncertainty about its next move. While a rise to $40,000 was expected, the question now is whether this latest movement …
(Bloomberg) — Mark Zuckerberg is making a rare move by selling Meta Platforms Inc. stock for the first time in two years, following the company’s rapid recovery from a tumultuous 2022. Most Read from Bloomberg The Meta co-founder’s trust, as well as entities for his charitable and political giving, offloaded about 682,000 shares worth almost …
Check out the companies making headlines before the bell: Coinbase — Crypto-related assets surged after Bitcoin topped $40,000 for the first time this year. Coinbase jumped 7%, MicroStrategy gained 7% and Marathon Digital climbed 13%. Uber Technologies — The ride-hailing stock rose 4% after S & P Dow Jones Indices on Friday said it will …
(Bloomberg) — Company executives and directors at the best-performing company in the S&P 500 have been selling millions of dollars’ worth of shares recently, data reveals. Nvidia Corp. heads have unloaded around 370,000 shares valued at approximately $180 million, marking the largest monthly sale in at least six years if all shares are indeed sold. …
(Bloomberg) — Amid cheers for emerging markets making a comeback, analysts and investors experienced another setback as US Treasury yields surged. Although the Federal Reserve is anticipated to end its aggressive monetary tightening campaign, investors are exhibiting optimism once again. Euphoria is taking over developing-nation assets, as indicated by the significant rally in stocks and …
(Bloomberg) — As bond yields fluctuate, US stocks are expected to face a bumpy finish to the year following a November rally, according to insights by Michael Wilson of Morgan Stanley. Most Read from Bloomberg Despite the S&P 500’s approximately 20% gain this year, Wilson, who has been generally bearish, noted that December could bring …
An Hour Ago Mixed Open for Europe The pan-European Stoxx 600 hovered just below the flatline in early trade, with mining stocks shedding 1.5% to lead losses while retail stocks added 0.8%. 3 Hours Ago Global Debt’s Worrying Trend Veteran investor David Roche expressed concern about the escalating global debt, but suggested it may not …
(Bloomberg) — In a bid to break into the burgeoning weight-loss market, Roche Holding AG has announced its acquisition of Carmot Therapeutics Inc., a pioneer in the development of cutting-edge weight-loss treatments. The deal, valued at up to $3.1 billion, has the potential to position the Swiss pharmaceutical giant as a formidable competitor to European …