A technology stock “meltup” put the Nasdaq-100 index on the verge of exiting bear-market territory Thursday. indexNDX, +3.38%, Heavily weighted toward megacap names, it was up 2.9% at 12,727 Thursday afternoon, and traded as high as 12,880.98. A close at or above 12,815.21 would mark a rise of 20% from its Oct. 17 low close …
Tech stock ‘meltup’ puts Nasdaq-100 on verge of exiting bear market Read More »
Facebook parent Meta Platforms Inc. META 22.51% Shares are on pace for their best day in nearly a decade after the company embraced investor-friendly moves including boosting its stock through a $40 billion buyback and cutting expenses in the face of increased competition. Shares of the social-media company jumped 23% to $188.02 in afternoon trading …
Meta Platforms Shares Surge on Cost Cuts, Stock Buyback Read More »
Text size Stock prices took off on Thursday morning. Here, a view from the New York Stock Exchange. Michael M. Santiago/Getty Images The market has had a great 2023 so far, but the rally may be here for a good time, not a long time. That doesn’t mean that investors can’t enjoy the ride. After …
Oil futures drifted lower early Thursday after the US benchmark ended the previous session at a roughly three-week low following data that showed a continued build in crude inventories. price action West Texas Intermediate crude for March delivery CL.1, -0.65% cl00, -0.65% clh23, -0.65% fell 29 cents, or 0.4%, to $76.12 a barrel on the …
Asia-Pacific stocks were mixed Thursday, Feb. 2, Japanese shares climbing for the second session. The Hang Seng Index HK:HSI of Hong Kong companies 0.5% to 21,958.36, while the Nikkei 225 Index dropped JP:NIK of Japanese companies gained 0.2% to 27,402.05. China’s Shanghai Composite Index CN:SHCOMP was flat at 3,285.67, while Singapore’s FTSE Straits Times Index …
Japanese stocks climb for the second day as Hong Kong stocks drop Read More »
By Cecilia Butini Roche Holding AG reported sales growth in 2022, but said it expects a decrease in sales for 2023 due to a drop in the sale of Covid-19 products. The Swiss pharma major posted sales of 63.28 billion Swiss francs ($69.65 billion) for the full year 2022, up from CHF62.80 billion in 2021 …
The Bitcoin logo on a Coinstar cryptocurrency ATM at a grocery store in Washington, Jan. 19. Photo: stefani reynolds/Agence France-Presse/Getty Images In the US in recent years, privately owned companies have issued thousands of new cryptocurrencies, large and small. These have subsequently become publicly traded without any governmental pre-approval of disclosures. In some cases, a …
Comcast Corp. has sold part of its stake in Buzzfeed Inc., which has seen its shares surge in recent days amid enthusiasm for the publisher’s artificial intelligence efforts. comcast CMCSA, +1.58% disclosed Wednesday in a filing with the Securities and Exchange Commission that it sold 5,726,385 shares of Buzzfeed BZFD, -5.22% in the open market …
Comcast sells nearly 6 million shares of its Buzzfeed stake amid sharp rally Read More »
CUPERTINO, Calif. (AP) — After taking its first dip into sports streaming last year, Apple is now immersing itself. The tech giant kicked off a 10-year partnership with Major League Soccer on Wednesday with the launch of Season Pass on Apple TV+. This is very important for us. It is one of the key things …
Apple to pay $2.5 billion to stream Major League Soccer for the next 10 years Read More »
A California judge on Wednesday denied the Federal Trade Commission’s bid for a preliminary injunction to block Meta Platforms Inc.’s proposed acquisition of VR startup Within Unlimited. The sealed decision from federal judge Edward Davila of San Jose, Calif., does not preclude the agency from pursuing a separate case to block the deal, according to …
Meta wins bid to buy VR startup Within Unlimited, beating US FTC in court: report Read More »
