CNBC reports: U.S. stocks fell on Thursday as investors’ renewed optimism on big tech names, driven by a slew of strong earnings, took a turn down after Facebook-parent Meta Platforms reported disappointing quarterly results. Losses deepened by the afternoon, with the Nasdaq Composite falling 3.7% to 13,878.82 for its worst day since September...
CNBC reports: The S&P 500 opened at a record level on Thursday after blowout earnings results from two of the biggest tech companies in the world: Apple and Facebook. The Dow Jones Industrial Average gained 140 points while the S&P 500 added 0.7% and notched a new intraday record. The tech-heavy Nasdaq Composite...
CNBC reports: The U.K. government has intervened in Nvidia’s proposed $40 billion takeover of chip designer Arm on national security grounds. Britain’s Digital Secretary Oliver Dowden issued a Public Interest Intervention Notice (PIIN) on Monday. It’s not clear what the national security grounds are but the Department for Digital, Culture, Media and Sport said Dowden “considered advice...
CNBC reports: KEY POINTS – Amazon announced on Tuesday that AWS CEO Andy Jassy will replace Jeff Bezos as CEO during the third quarter of this year. Bezos will transition to executive chair of Amazon’s board. – Jassy joined Amazon in 1997 and has led Amazon’s Web Services cloud team since its inception. – Bezos...
CNBC reports: U.S. stocks jumped on Thursday, roaring back from a sharp sell-off on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average suffer their worst drop in three months. The S&P 500 rose 1.9%,while the blue-chip Dow gained 600 points, or 2.0%, boosted by Disney and American Express....
CNBC reports: U.S. stocks fell sharply on Wednesday amid disappointing earnings, while concern about heightened speculative trading activity deepened. The Dow Jones Industrial Average lost 620 points, or 2%, while the S&P 500 dropped 2.6%. The tech-heavy Nasdaq Composite slid 2.5%. The S&P 500 and the Nasdaq both hit intraday record highs in...
CNBC reports: Key points – Goldman Sachs has been using drone technology to give its clients a bird’s-eye view of the companies they are bidding on, according to Stephan Feldgoise, the firm’s global co-head of mergers and acquisitions. – The coronavirus put an end to the in-person meetings and frequent travel of the due...
CNBC reports: Stocks closed mostly flat on Friday as traders looked for clarity around the presidential and congressional election results. Sentiment was kept in check by better-than-expected U.S. unemployment data. The S&P 500 ended the session down less than 1 point at 3,509.44. The Nasdaq Composite rose less than 0.1% to 11,895.23. The Dow Jones Industrial dipped...
… with one day left until Pelosi’s stimulus deadline. CNBC reports: Stocks fell sharply on Monday ahead of a key deadline set by House Speaker Nancy Pelosi to reach a deal on new coronavirus stimulus before the election while Covid-19 cases rise. The Dow Jones Industrial Average closed 410.89 points lower, or 1.4%, at 28,195.42. Earlier...
