Warren Buffett bought nearly $5 billion worth of HP shares — here’s why you might want to ride his coattails Warren Buffett isn’t known for being a technology investor. In his 2014 letter to shareholders, Buffett wrote that he prefers “simple businesses” and added that “if there’s lots of technology, we won’t understand it.” But in recent years, the Oracle of Omaha has warmed up a bit to the tech space. His holding company Berkshire Hathaway started buying Apple in 2016. Now… Source link
Read More »Beyond Meat taps Kim Kardashian for key role as shares sink 80% year-over-year
Beyond Meat (BYND) is looking to “keep up.” On Tuesday, the plant-based meat maker — desperate for a Wall Street rebrand — revealed that reality TV icon and billionaire entrepreneur Kim Kardashian will serve as the its “chief taste consultant,” in addition to starring in a new campaign focused on the brand’s mission of health and sustainability. The company, which saw shares pop on the news before sinking as much as 9% in early trading, has struggled to maintain its initial pace of growth… Source link
Read More »Stock market news live updates: Stocks end mixed as tech shares come under renewed pressure: Nasdaq drops 1.2%
U.S. stocks ended mixed on Monday, with equities struggling for direction as concerns over the growth outlook persisted amid elevated inflation. The S&P 500 ended a choppy session lower, dropping 0.4% to close at 4,008.01.The Nasdaq dropped by 1.2% to end at 11,662.79, as mega-cap technology companies including Apple (AAPL) fell and dragged the index lower. The Dow Jones Industrial Average closed slightly higher to reach 32,223.42. U.S. crude oil prices (CL=F) erased earlier losses and rose… Source link
Read More »Robinhood shares surged over 30% after crypto billionaire Sam Bankman-Fried disclosed a 7.6% stake in the trading platform
Crypto billionaire Sam Bankman-Fried took a 7.6% stake in Robinhood Markets.FTX Crypto billionaire Sam Bankman-Fried disclosed that he owns about 56.3. million shares in Robinhood Markets. News of his 7.6% stake in Robinhood sent shares of the trading platform up over 30% in late trade. Bankman-Fried is the founder and CEO of cryptocurrency exchange FTX. Shares in Robinhood Markets surged more than 30% in late trade after crypto billionaire Sam Bankman-Fried disclosed a 7.6% stake in the online… Source link
Read More »Google Shares Sneak Peek At New Advertising Features
Google shares a preview of new advertising features it will be announcing at Google Marketing Live on May 24. These features represent what the Google Ads team has been working on during the first few months of 2022. Advertisers can look forward to enhancing their marketing efforts with these upcoming additions to Google Ads. Improvements To Responsive Display Ads Google’s responsive display ads, which adapt advertising creative to fit different sizes of ad units, are getting… Source link
Read More »Google shares summer travel trends
MEMPHIS, Tenn. (WMC) – Summer is right around the corner and experts are predicting a surge in travel. Google Trends Expert Justin Burr joined Action News 5′s Amanda Hanson at the digital desk to talk about the top travel destinations and new tools for tracking vacation prices. Watch the full interview in the video player above. Copyright 2022 WMC. All rights reserved. Click here to sign up for our newsletter! Click here to report a spelling or grammar error. Please include the headline. Source link
Read More »Stock futures sink as Amazon, Apple shares decline after quarterly reports
U.S. stock futures opened sharply lower Thursday evening to give back gains after a regular-session rally, with a fresh set of mixed quarterly results from some major technology companies weighing on index futures. Contracts on the S&P 500, Dow and Nasdaq each declined. Shares of tech juggernaut Amazon slid in late trading after the company unexpectedly posted a quarterly loss and offered a weaker-than-expected current-quarter forecast. Apple’s stock also declined even after the iPhone-maker… Source link
Read More »Amazon shares plunge 10% after company issues disappointing revenue forecast
Shares of Amazon (AMZ) dropped after the company revealed a revenue forecast that missed analyst estimates as consumers curb online spending in the face of economic uncertainty and a return to in-person activities. The company also reported a loss on its investment in electric-vehicle maker Rivian Automotive. Amazon was the last of Big Tech names to unveil quarterly earnings this reporting season. The tech behemoth’s cloud-computing platform Amazon Web Services (AWS) was a bright spot… Source link
Read More »Meta Shares Soar as Facebook Returns to User Growth
(Bloomberg) — Facebook’s main social network added more users than projected in the first quarter, potentially staving off concerns that the company is losing momentum as a new generation flocks to younger sites like TikTok. Most Read from Bloomberg Shares surged more than 19% in late trading after Facebook parent company Meta Platforms Inc. reported 1.96 billion daily users for its flagship platform, a return to growth after the first-ever decline in the December quarter. Analysts had… Source link
Read More »Stocks rise, tech shares rebound as earnings roll in
U.S. stocks advanced Thursday as investors continued to monitor a steady stream of corporate earnings results against a backdrop of elevated inflation and further Fed policy tightening. The S&P 500 rose by about 0.9% just after the opening bell. The Dow Jones Industrial Average also gained. The Nasdaq outperformed, rising by more than 1% to reverse some of Wednesday’s losses, when the tech-heavy index was weighed down by a slide in shares of Netflix. Meanwhile, Tesla (TLSA) shares jumped more… Source link
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