In a recent post on X, Billionaire investor Bill Gross urged investors to avoid tech stocks. His recommendation came after the Bureau of Economics announced a weaker-than-expected U.S. GDP growth in Q1 2024 at an annual rate of 1.6%.As consumer prices remained elevated, Wall Street began pricing in reduced chances of interest rate cuts this year.Gross, co-founder of Pacific Investment Management Company, is known for creating the first investable market for fixed-income securities for all.In his...
U.S. stocks ended higher on Monday as investors continue to digest tech earnings and await the Federal Reserve's policy meeting later this week. The Dow Jones Industrial Average went up 146.43 points or 0.4% to end at 38386.09, according to Dow Jones Market Data. The S&P 500 rose 16.21 points or 0.
Shares rise over 16 per cent to take company’s stock market value to over $2tn
Are The 'Magnificent' Stocks Now Unbeatable? Authored by Simon White, Bloomberg macro strategist, The largest firms in the US are unsurpassably pulling ahead of their smaller rivals by earning more, investing more, holding more cash and buying back more of their stock. The bull market is thus likely to remain historically lackluster and less robust as smaller companies continue to lag their bigger counterparts. They say the rich get richer, and nowhere is that more true than for...
If you're willing to take on the risk of owning cheap stocks, these five picks are all priced under $10.
Technology shares led stock indexes higher Thursday ahead of a key jobs
Cloudflare stock tumbled after the company reported Q1 earnings that topped
Investors lost N784 billion on the stock market last week following sell-off in the shares of some highly capitalised stocks.
Asian stocks rallied on Friday after Apple’s record $US110 billion ($A167 billion) share buyback plan lifted the tech sector, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected interventions from Tokyo. With markets in Japan and mainland China closed on Friday, regional trading activity is likely […]
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Amazon (AMZN) is on deck in the Big Tech earnings lineup, following a week
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