by Bloomberg.com | Aug 4, 2024 | alerts, Markets/Economy
Tumbling yields have investors turning to utilities, REITs ‘The play is dividend payers,’ Wealth Alliance’s Diton says The violent stock market selloff last week triggered by fears that the Federal Reserve missed its chance to help a faltering US economy ended one...
by Bloomberg.com | Aug 3, 2024 | alerts, Markets/Economy
Cash pile climbs to record $276.9 billion in second quarter Overall company stock sales reach $75.5 billion on a net basis Berkshire Hathaway Inc. slashed its stake in Apple Inc. by almost 50% as part of a massive second-quarter selling spree that sent...
by Bloomberg.com | Aug 3, 2024 | alerts, Markets/Economy
Four experts share their thoughts on navigating upcoming Federal Reserve rate cuts, big tech concentration and the presidential election. Stocks are plunging. The Nasdaq 100 entered correction territory. Unemployment is on the rise. And now, investor excitement about...
by Bloomberg.com | Aug 3, 2024 | alerts, Markets/Economy
Earnings growth has cooled dramatically for Mag 7 so far Investors balked at heavy spending on AI without results After a jam-packed week of earnings reports from megacap technology companies one thing is clear: as profits slow, investors aren’t impressed by...
by Bloomberg.com | Aug 2, 2024 | alerts, Markets/Economy
Tech-heavy Nasdaq 100 falls 2.4%, enters correction territory It’s the third-worst one-day loss for Amazon’s Jeff Bezos Jeff Bezos’s net worth shrank by $15.2 billion Friday, leading a wide-ranging slump that erased $134 billion from the fortunes of the 500 richest...
by Bloomberg.com | Aug 2, 2024 | alerts, Markets/Economy
Tech stocks erase around $3 trillion as volatility spikes up More investors fear a ‘Fed mistake’ and are bidding up hedges For years, Wall Street had it all figured out. If the stock rally is in danger, pile into the Big Tech safety trade. Scared the economy is...
