Tag Archives: Jumps

Activision Blizzard (ATVI) shares closed 25% higher on Tuesday after Microsoft (MSFT) announced it will acquire the video game publisher for $95 per share. The deal, valued at $68.7 billion is Microsoft’s largest takeover ever.  When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent (TCEHY) and Sony (SONY), according to the tech giant. The deal illustrates another consolidation move within the gaming industry — and massive bet… Source link

U.S. consumer prices rose at the fastest clip in nearly four decades last month, underscoring the persistently elevated inflationary pressures in the recovering economy.  The Labor Department’s Consumer Price Index (CPI) climbed by 6.8% in November compared to last year, marking the fastest annual increase since June 1982. This rate matched consensus economists’ estimates, according to Bloomberg data, but accelerated compared to the 6.2% year-over-year rate from the prior month.  Even… Source link

Stock futures opened mixed Wednesday evening after dropping during the regular trading day, with investors giving back some gains as jitters over inflation remained and overshadowed the latest batch of solid corporate earnings results.  Contracts on the S&P 500 were flat as the overnight session kicked off. Though the index ended Wednesday’s session lower, it remained up by 1.8% for November to date, and was less than 0.7% below its all-time intraday high.  Nvidia (NVDA) shares jumped in… Source link

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Technology stocks rally * Big banks rise as profits beat forecasts * UnitedHealth jumps on strong results * Indexes up: Dow 1.6%, S&P 500 1.7%, Nasdaq 1.8% (New throughout, updates prices, market activity and comments adds dateline, changes byline) By Caroline Valetkevitch NEW YORK, Oct 14 (Reuters) – U.S. stocks surged on Thursday as companies including Bank of America and UnitedHealth… Source link

‘Investors are now nervously eyeing October, and wondering perhaps if this could be the beginning of further weakness.’ Photo: Daniel Roland/AFP via Getty Images There was blood in the markets on Friday, as European stocks dragged lower after posting their first negative month since January. It came as Eurozone inflation hit its highest level in 13 years due to surging energy prices. According to Eurostat, headline inflation came in at 3.4% last month, the highest level since September 2008… Source link

As the buy now, pay later (BNPL) market heats up, Mastercard (MA) is jumping into the fray with a new product offering. The credit card giant announced on Tuesday “Mastercard Installments” for U.S., Australian, and UK markets, offering consumers a 0% interest, pay-in-four-installments model that’s similar to the rest of the BNPL players in the industry.  As more established companies like Mastercard get into this space, by launching new products, through partnerships, or via acquisitions, “we… Source link

Nvidia (NVDA) reported its fiscal Q2 2022 earnings after the bell on Wednesday, beating Wall Street expectations on the back of the continued growth of the company’s important data center and gaming segments, driving revenue up a whopping 68% year-over-year for the quarter. Here are the most important numbers from the report compared to what analysts were expecting, as compiled by Bloomberg. Revenue: $6.51 billion versus $6.33 billion expected EPS: $1.04 versus $1.01 expected Data Center:… Source link

Google (GOOG)‘s parent company Alphabet reported revenue of $61.9 billion for the quarter ended June 30, a staggering 62% jump from the same quarter last year and significantly higher than analysts had expected. The company’s profits more than doubled to $18.5 billion. Alphabet’s stock rose 3% in after-hours trading Tuesday following the earnings report. Much of that growth was driven by a rebound in Google’s core advertising business, which posted revenue of $50.4 billion — a 69% increase … Source link

(Bloomberg) — Bitcoin jumped above $39,000 after Elon Musk said Tesla Inc. would resume transactions with the cryptocurrency when mining is done with more clean energy. The transactions will start back up “when there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend.” Musk also reiterated the electric-car maker had sold about 10% of its Bitcoin holdings to demonstrate the token’s liquidity. His tweet was in reply to a report in Cointelegraph,… Source link

The New York Times Seminary Built on Slavery and Jim Crow Labor Has Begun Paying Reparations One night in 1858, Carter Dowling, an enslaved Black man forced to work without pay at the Virginia Theological Seminary in Northern Virginia, made the brave decision to escape. He made it to Philadelphia, where he met famed abolitionist William Still. He then continued north to Canada and, after the Civil War, returned to Washington, D.C., where he was able to open a bank account for his children. He… Source link