Stocks

“Lumen Technologies Stock Jumped 93%. 3 Reasons Why.”

“Lumen Technologies… shares soared after the telecommunications company said it had secured $5 billion in new deals. And there’s a raft of other positive news that seems to be driving the stock… Lumen shares were up 43% in Wednesday’s premarket. The… Continue Reading…

Banking, Economy

“Warren Buffett’s Selling Over $3.8 Billion Worth of Bank of America Stock in 2 Weeks Is an Ominous and Unmistakable Warning for Wall Street”

https://finance.yahoo.com/news/warren-buffetts-selling-over-3-092100064.html While the timing is good lets be honest here. Selling that much stock would cause a flash crash even in a strong economy. At a certain point one has to ask does removing so much money from a sock… Continue Reading…

Banking, Stocks

“SoftBank shares tank near 19%, wiping off $4.6 billion from founder Masayoshi Son’s fortune”

“SoftBank Group shares tanked nearly 19% on Monday amid a global sell-off, wiping off billions of dollars from founder Masayoshi Son’s fortune. On Monday, Son’s net worth fell by $4.6 billion alone, according to the Forbes real-time billionaires list. Monday’s… Continue Reading…

Energy

“U.S. crude oil falls to six-month low as market sells off on recession fears”

“U.S. crude oil closed below $73 per barrel, the lowest settlement since Feb. 5…” https://www.cnbc.com/2024/08/05/crude-oil-prices-today.html

Business, Stocks

“Apple shares drop nearly 5% after Warren Buffett’s Berkshire Hathaway slashes stake by half”

“Warren Buffett sent shockwaves through the investing world over the weekend by slashing his big Apple stake by half, causing the tech stock to crater on Monday amid the intensifying global sell-off. Berkshire Hathaway disclosed in its earnings filing that its Apple… Continue Reading…

Stocks

“Magnificent Seven set to shed $1 trillion in value, led by Apple, Nvidia”

“High-performing shares of Alphabet, Amazon, Meta Platforms, Microsoft and Tesla fell as much as 12.2% in premarket trading. The losses in the Magnificent Seven stocks were set to wipe out nearly $1 trillion from the combined market value of the… Continue Reading…

Stocks

“Dow tumbles 1,000 points, S&P 500 posts worst day since 2022 in global market sell-off…” [Aug 5 2024]

“Stocks fell sharply on Monday, with the Dow Jones Industrial Average posting its worst day in nearly two years, as worries over the health of the U.S. economy sparked a global market sell-off. The Dow dropped 1,033.99 points, or 2.6%, to end at 38,703.27.… Continue Reading…

Stocks

“Amazon shares tumble after third-quarter outlook disappoints”

“Amazon shares closed down about 8.7% on Friday, a day after the company reported mixed second-quarter results and gave a forecast for the third quarter that fell short of Wall Street’s expectations. Revenue in the second quarter rose 10% from a year earlier… Continue Reading…

Stocks

“Nvidia Stock Just Dropped More Than 18% In 15 Days. Should Investors Be Worried?” [Jul 31, 2024]

“…So what gives? Should investors be worried? In short, probably not. Stocks naturally retreat after big gains. It’s to be expected; in fact, it’s healthy. Yes, 18% is a lot, many stocks move less over the course of a year,… Continue Reading…