Tag Archives: trillion

(Bloomberg) — The world’s richest nation is waking up to an unpleasant and unfamiliar sensation: It’s getting poorer. Most Read from Bloomberg Americans’ collective net worth had been climbing at a dizzying rate for the past two years, even as families and businesses contended with the ravages of Covid-19. Households piled up an extra $38.5 trillion from early 2020 to the end of last year, bringing their collective net worth to a record $142 trillion, the Federal Reserve estimates. Just… Source link

The digital revolution has changed the world in just the last decade and a half, spawning new technologies, new ways of using technologies, and bringing old businesses into the 21st century. Nowhere is this more obvious than in the financial sector. Banking and financial services have benefited enormously from bringing tech into the mix – and their gains have given us a new word to describe it, fintech. 5-star analyst Jeff Cantwell, of Wells Fargo, lays out the upside case for fintech in no… Source link

(Bloomberg) — Wall Street traders are bracing for fresh equity-market fireworks Friday after another week of global turbulence. Most Read from Bloomberg In a quarterly event known as triple witching, roughly $3.5 trillion of single-stock and index-level options are set to expire, according to Goldman Sachs Group Inc. At the same time, more near-the-money options are maturing than at any time since 2019 — suggesting a bevy of investors will actively trade around those positions. And once… Source link

A good buying opportunity into a stock market well off its highs has taken shape, argues BlackRock Investment Institute Global Chief Investment Strategist Wei Li and her team. The rationale: the escalating situation between Russia and the West will likely mean a slower pace of interest rate hikes from global central banks. “We see fast-rising energy prices exacerbating supply-driven inflation, both delaying and raising its peak. We think central banks will need to normalize policy to pre-Covid… Source link

Google parent Alphabet Inc. headed toward a couple of elusive marks Tuesday evening, after disclosing earnings and plans for a stock split: A $3,000 share price and $2 trillion market cap. Alphabet shares gained more than 9% in the extended session, which ended with Alphabet’s class A shares GOOGL, +1.73% selling for $3,005 apiece and the class C shares GOOG, +1.61% going for $3,013.83. The class A shares have never… Source link

The White House plans to restart negotiations on its $2 trillion spending bill, just days after pivoting to a long shot push for voting rights reform and two weeks after key moderate Sen. Joe Manchin (D-WV) abandoned talks on the spending measure, Reuters reported on Tuesday. In a new interview, U.S. Secretary of Commerce Gina Raimondo expressed certainty that the bill, known as Build Back Better, would succeed but acknowledged that the final version would “look different” from the expansive… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, January 5, 2022 Apple will need to enter uncharted territory to reach $4 trillion Apple (AAPL) on Monday made history by becoming the first publicly traded company with a market cap of $3 trillion. It’s now seesawing back and forth between the mark for the thrill of it. It’s a… Source link

Apple (AAPL) officially has a market capitalization of $3 trillion. The tech giant passed the $182.86 mark Monday, making it the first publicly traded company in history to hit such a market valuation. Shares were bouncing above and below the number during the day. Apple’s rise to a $3 trillion market cap, which is based on its stock price, comes less than two years after its market cap hit $2 trillion. Microsoft (MSFT) is also potentially on its way to the $3 trillion mark after topping $2… Source link

The newest Yahoo Finance Company of the Year award winner Microsoft may not be done enriching shareholders, contends bull Dan Ives of Wedbush.  “I think they clearly can hit,” said the widely followed tech analyst on whether Microsoft will hit a $3 trillion market cap in early 2022. Ives rates Microsoft shares at Outperform with a $345 12-month price target.  Microsoft’s stock presently trades at $322 a share. At a market value of $2.42 trillion, Microsoft is only 23% shy of reaching the $3… Source link

Cathie Wood just called this technology the ‘next big frontier’ with a market opportunity of $80 trillion — here are 3 easy ways to invest in it Cathie Wood believes that she’s found the next big thing in investing — and has the data to back it up. “We were assuming that in the next 10 years, artificial intelligence would deliver, in the enterprise software space, a market cap opportunity of $30 trillion,” the star stockpicker said at a Milken Institute conference last month. “Our… Source link