Meta shares rose and remained high after Meta reported a strong quarter with stable next-quarter projections. CEO Mark Zuckerberg says investments in AI are already paying off financially. Zuckerberg gave details on his plans to invest in new AI technology.
Microsoft shares were down over 6 percent in after-hours trading. Revenue from Microsoft’s flagship cloud product Azure disappointed. NTD spoke with Vijay Marolia, founder and CIO of Regal Point Capital Solutions, for his perspective.
Nvidia announced a 10-for-1 stock split on Wednesday, making buying shares in the red-hot semiconductor company more accessible for individual investors. Nvidia’s (NVDA) announcement, which came in its quarterly earnings report, means that each common share will be split into 10 smaller shares, effectively cutting the price of investing in the company. The company also […]
Airbnb stocks took a massive hit when they dropped by around 8 percent on May 9, following forecasts for a weak second quarter, which has sparked concerns among investors that the company’s slowing growth may set a precedent for the upcoming months. Lofty Wall Street estimates were overshadowed by several factors, including the Easter holiday […]
Apple shares rebounded at the end of the trading week following a two-session skid that saw the tech titan eliminate about $200 billion in valuation. The decline was driven by reports that China would prohibit government employees from using iPhones as their work phones. The world’s largest company by market cap climbed about 1 percent […]
Credit Suisse shares dove 63 percent in early trading Monday to a new low after it was announced that UBS would buy the troubled bank in a multi-billion-dollar deal backstopped by a Swiss central bank $100 billion emergency credit line. Shares of Credit Suisse clawed back some of the initial losses Monday morning and at […]
Shares of First Republic Bank plunged more than 60 percent in premarket trading on March 13, despite the lender reassuring customers that their deposits are safe amid concerns surrounding the collapse of Silicon Valley Bank (SVB) and Signature Bank. In an email to clients on Sunday, First Republic Founder and Executive Chairman Jim Herbert and CEO and President […]
Documents show that the CEO of Silicon Valley Bank (SVB) sold $3.6 million in shares of the failed financial institution’s parent company several weeks before its collapse—the biggest U.S. bank failure since 2008 that sent a shudder of anxiety across markets. A filing with the Securities and Exchange Commission (SEC) shows that Greg Becker, who joined […]
The CEO of Tesla and Twitter, Elon Musk, donated nearly $2 billion in Tesla shares to charity last year. Currently the world’s second-richest person, the Tesla CEO owns around 13 percent of the company’s stock, Reuters reported. Around a total of 11.6 million shares from the electric car company, worth $1.95 billion, were given away by Musk as […]
A recent filing by House Speaker Nancy Pelosi (D-Calif.) shows that her financier husband Paul Pelosi offloaded nearly $5 million worth of graphics card giant Nvidia shares just days before House lawmakers are set to consider legislation that would provide billions in government subsidies for U.S. semiconductor production. In a periodic transaction report signed on Tuesday, […]
Supply problems are continuing to hurt major retailers. Target’s stock plunged Wednesday, after reporting its first quarter earnings; it had its worst day since Black Monday in 1987. Target’s CEO says high costs are affecting its bottom line.
Elon Musk sold nearly $4 billion worth of Tesla shares this week, just days after the billionaire agreed to purchase Twitter for $44 billion, according to filings with the Securities and Exchange Commission. According to the filings, the CEO offloaded about 4.4 million shares of the electric vehicle company for about $3.9 billion, with the majority of the […]
Twitter shares surged as news emerged that Elon Musk’s takeover bid could be accepted by Twitter’s board as early as Monday. Reuters reported that Twitter’s board of directors is close to reaching a deal with the world’s richest man to sell the social media network for roughly $43 billion in cash. According to anonymous sources, […]
Shares of Meta, the company formerly known as Facebook, saw a historic plunge Thursday after the social media giant reported a rare profit drop. Meta says the losses are due to increasing expenses and competition. But NTD spoke to one congressional candidate who says there may be another reason behind Meta’s decline.
Shares of Facebook owner Meta fell 26 percent on Thursday. It’s among the worst single-day wipeouts in market value for a U.S. company. The social media giant issued a dismal forecast, blaming Apple’s privacy changes and increased competition.
Shares in Evergrande Group jumped on Monday, rising as much as 6 percent. The gain came amid rising hopes of help for the country’s troubled property firms. That lifted shares across the sector, with Shimao and Agile groups among other gainers. Evergrande’s assets are now expected to be taken over by state-owned firms. The restructuring […]
