Tesla closes higher for a ninth-straight session, Corning raises guidance, and Morphic will be bought by Eli Lilly for $3.2 billion.
For CrowdStrike, the timing could hardly be worse. CrowdStrike Chief Executive George Kurtz said the issue has been “identified, isolated and a fix has been deployed” and added that it was not caused by a “security incident” or cyberattack. CrowdStrike is one of the most favored stocks in cybersecurity, with buy ratings from 88% of analysts compared to 69% for Palo Alto Networks—the largest pure-play cyber company by annual revenue.
Magnificent Seven stocks dumped more than $1.2 trillion in market value in a week. And you can mostly blame one S&P 500 stock.
Universa’s Mark Spitznagel, who has made billions from past crashes, sees a last hurrah for stocks before a severe reckoning.
Although Buffett oversees a 44-stock, $416 billion portfolio at Berkshire Hathaway, three-quarters of invested assets have been put to work in five brand-name, time-tested businesses.
"We reiterate our Buy rating on NVDA as the meeting reinforced our belief in the sustainability of the ongoing Gen AI spending cycle," Goldman said.
Taxing unrealized capital gains could negatively hurt markets, explains one of former President Donald Trump's economic advisers Stephen Moore.
Large stock sales aren't always what they seem.
One sector has been a major market laggard recently, but it could be set to turn around.
The age of chief executives on this list ranges from their late 70s to early 90s.
(Bloomberg) -- SunPower Corp. plunged to an all-time low after the solar company told dealers it would no longer support new installations and was halting shipments. Most Read from BloombergLSE Joins Banks, Airlines in Cascade of Global DisruptionsCanada’s Immigration Minister Has a Message for Foreign Students: You Can’t All StayBrookfield Lines Up a 36-Year-Old Rising Star as Next Billionaire CEOBiden Faces Mounting Speculation, Pressure to Drop BidWall Street’s ‘Great Rotation Trade’ Takes a
