Stories 1 - 20 |  Next >>

Dow Reaches 40K for the First Time
Dow Reaches 40K
for the First Time

Dow Reaches 40K for the First Time

Index crosses another milestone

(Newser) - The Dow is now in uncharted territory. The stock market index reached 40,000 for the first time ever in trading on Thursday, reports CNBC and the Wall Street Journal . Markets have been rising this week thanks to a report suggesting that inflation was slowing down. The benchmark S&P...

Truth Social Roller Coaster Sees Another Stock Plunge

Company's shares are at lowest since trading debut, though the volatility is hard to read

(Newser) - Last month, Donald Trump's net worth got a brief boost , thanks to the merger of Truth Social parent company Trump Media and Technology Group with Digital World Acquisition Corp. This month, it's a different story, with NPR reporting that Truth Social shares are "slumping." Most recently,...

'Monster' Stock Rally Sets Dizzying Record for the 1%

America's richest claimed collective net worth of $44T in Q4 of 2023, thanks to soaring stocks

(Newser) - By most objective measures, stocks are soaring of late, with the market on Thursday notching its best first quarter in five years. Who should be particularly stoked: America's richest 1%, a demographic that CNBC reports was able to claim a combined net worth of $44 trillion in Q4 of...

As Oprah Exits, WeightWatchers Stock Tanks

Shares fell 27% following Winfrey's announcement

(Newser) - Oprah Winfrey is leaving WeightWatchers. The TV personality and podcast host who's served on the company's board of directors since 2015 announced late Wednesday that she won't stand for reelection at the annual shareholders meeting in May. One of the company's biggest shareholders, Winfrey also said...

Amazon Just Made It to the Big Time on Wall Street

E-commerce giant joins Dow's blue chips, bumps Walgreens ahead of Walmart stock split

(Newser) - Amazon is joining the ranks of one of Wall Street's oldest and most exclusive stock indexes: the Dow Jones Industrial Average. The e-commerce pioneer will officially take its position in the 30-company Dow before the open of trading Monday, replacing drugstore operator Walgreens Boots Alliance, per the AP . S&...

In This Microsoft vs. Apple Battle, Microsoft Notches a Win

Software giant now has the most valuable stock in the world, with a 3.3% gain since new year began

(Newser) - For the first time in more than two years, Apple doesn't rule the stock valuation roost. CNBC reports that the tech giant was toppled on Friday by Microsoft as the most valuable public company. Microsoft ended the workweek with a market valuation of $2.89 trillion, compared to Apple'...

2 Men's Stock Moves Raise Eyebrows
2 Men's Stock Moves
Raise Eyebrows

2 Men's Stock Moves Raise Eyebrows

Michael Burry, Warren Buffett may be betting on a downturn

(Newser) - Do Michael Burry of Big Short fame and Warren Buffett see something we don't? That's the question CNN and others are asking based on SEC filings released Monday. In late June, Burry's Scion Asset Management fund purchased $866 million in put options against a fund that tracks...

The Timing of These Trades Is 'Exquisite.' And a Little Fishy?

ProPublica looks at how corporate execs make millions buying and selling stocks of rival firms

(Newser) - Corporate execs appear to have a handy way to make a lot of money for themselves—buying and selling stocks of rival companies. ProPublica conducted a first-of-its kind analysis of such trades and discovered that lots of executives have an uncanny knack for making profitable trades with what it calls...

As Tesla Stock Tanks, Musk Has a Message for Staff

CEO assures employees that, one day, 'Tesla will be the most valuable company on Earth!'

(Newser) - Short sellers are celebrating Tesla's plummeting stock prices , but investors aren't happy, and they're now begging CEO Elon Musk—who's sold off billions of dollars worth of his shares to help fund his newest company, Twitter—to stop dumping his stock. Tesla employees are also likely...

Democrat Wants New Leaders After Stock Ban Stalls

Pelosi brings the issue up just before recess

(Newser) - House Democratic leaders are taking heat for their handling of legislation to bar lawmakers from trading stocks. Rep. Abigail Spanberger, the Democrat who introduced the bill two years ago with support from both parties, issued a statement Friday saying House leaders had set the legislation up to fail, bringing the...

20-Year-Old Makes $110M on Bed Bath & Beyond Stock
20-Year-Old Makes $110M
on Bed Bath & Beyond Stock
in case you missed it

20-Year-Old Makes $110M on Bed Bath & Beyond Stock

Jake Freeman is a student at USC

(Newser) - A 20-year-old USC student did a little stock trading over the summer—and banked about $110 million for his trouble. Filings with the Securities and Exchange Commission reveal that Jake Freeman made the mind-boggling profit solely from his purchase and subsequent sale of Bed Bath & Beyond stock, reports MarketWatch...

Musk Does What He Said He Wouldn't
Musk Does
What He Said
He Wouldn't

Musk Does What He Said He Wouldn't

Billionaire sells $6.9B in Tesla stock in case his $44B purchase of Twitter goes through

(Newser) - Elon Musk has reneged on his vow not to sell more Tesla stock. The billionaire just sold $6.9 billion in stock in the company ahead of a court battle that could force him to follow through on his earlier offer to buy Twitter. He sold 7.92 million shares...

Dow Jumps 500 Points, but Is It a 'Dead Cat'?

Market is opening strong, though analysts disagree on whether the rally will be fleeting

(Newser) - The stock market was making big moves again on Tuesday, but this time in a direction that should make investors happy. The Dow jumped more than 500 points in early trading on Tuesday to reclaim its 30,000 threshold. The rise of 1.6% was eclipsed by the benchmark S&...

New Elon Musk Threat Has Twitter Stock Falling
Course on
Musk Demand

Twitter Reverses Course on Musk Demand

Company will provide more information to help evaluate 'bot' accounts

(Newser) - Updated: Twitter will relent and give Elon Musk all the information he wants to help him evaluate how many bogus accounts—or bots—are on the platform, reports the Washington Post . The company will give him access to what the Post describes as the full "firehose" of its daily...

This Year's Stock Market Rise Has a Potential Hitch

It hinges on 5 big stocks, which makes investors worried

(Newser) - If your 401(k) has done well in 2021, a Goldman Sachs analysis points to five key reasons:
  • Apple
  • Microsoft
  • Nvidia
  • Alphabet (Google)
  • Tesla

Yet Another Major Stock Dump for Elon Musk

CEO sells off an additional $1.05B worth of Tesla shares, inching closer to his 10% goal

(Newser) - Elon Musk asked the internet, and it looks like he's going to acquiesce to the internet. Earlier this month, the Tesla CEO put up a Twitter poll asking if followers thought he should sell 10% of his Tesla stock, promising to "abide by the results" either way. The...

Wealth Inequality Grows, With 10% Owning 89% of Stocks

Gap has increased during the pandemic, helped by the market

(Newser) - Stock ownership is more concentrated than ever, Federal Reserve data show, with the wealthiest 10% of households owning 89% of US stocks. The stocks differential is reflected in the growing wealth inequity, CNBC reports, with 1% of Americans holding 32% of wealth, also a record. "The top 1% own...

New Filing by Rand Paul Raises Securities Experts' Eyebrows

Discloses wife's COVID-related stock buy 16 months late, prompting whispers of insider trading

(Newser) - Rand Paul's headline-making week isn't over yet. First the Republican senator from Kentucky was booted from YouTube for a week for spreading misinformation on face masks. Now Paul, one of the most vocal lawmakers to break with federal health officials on how to handle COVID, has made a...

It's a Banner Day for Economy So Far

Retails sales surge, jobless claims reach pandemic low, and stocks reach record highs

(Newser) - Thursday is starting out as a strong day for the economy:
  • Consumers: Retail spending surged almost 10% in March thanks to factors including stimulus checks to households, warmer weather, and an increased reopening of businesses, reports the Wall Street Journal . The spike, detailed in a new Commerce Department report, follows

Stock Value Sinks After 'Deal Made in Heaven'
Stock Value Sinks After
'Deal Made in Heaven'

Stock Value Sinks After 'Deal Made in Heaven'

But stocks mostly move up after early losses Wednesday

(Newser) - Stocks shook off early losses and managed to end mostly higher on Wall Street, even as weakness in technology companies weighed on major US indexes, the AP reports. The S&P 500 edged up 0.2% Wednesday after trading lower for much of the day. The Nasdaq fell slightly and...

Stories 1 - 20 |  Next >>