Apple is getting closer to the $1 trillion mark. Shares of the iPhone maker hit another all-time high Wednesday. At $163.89, they are just $30 a share away from making Apple the first U.S. company to cross the $1 trillion threshold in terms of market capitalization. That would put Apple’s size slightly less than the […]
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Technician Louise Yamada says there’s one chart showing that gold’s shining rally is far from over. Gold has surged 14 percent this year, and on Tuesday settled at an 11-month high of $1,318.90. This brought the precious metal decisively above the $1,300 level where it topped out several times before. Yamada’s chart of gold dating […]
Read moreUber’s new CEO will start on Tuesday next week, he told staffers on Wednesday, leaving his post as the CEO of Expedia. In an all-hands meeting with employees, Dara Khosrowshahi also said something that will be music to the ears of shareholders and retail investors looking to get in on the most valuable venture-backed company […]
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It’s been a very sleepy week for Wall Street thus far, despite plenty of market-moving headlines. As of Wednesday afternoon, just over 13 billion shares had been traded for the week, on track to be the lowest weekly volume since last Christmas. Weekly US composite volume Source: FactSet Of course, seasonality is playing a big […]
Read moreThe New York Stock Exchange filed a proposal on Tuesday to delay the release of important company news immediately after official closing time to reduce investor confusion and market disruption. Publishing information after 4:00 p.m. can cause a company’s stock to trade in other markets at materially different prices than that of NYSE’s closing auction, […]
Read moreSenator Dianne Feinstein on Tuesday reminded her hometown of San Francisco how far women’s rights in the U.S. have come over the last 60 years. Speaking just blocks away from the headquarters of Uber, which has been plagued this year by complaints of sexual harassment, the senior Democratic senator from California told hundreds of supporters […]
Read moreUber now officially has a new CEO. But that doesn’t mean the drama is over for former boss Travis Kalanick. Some shareholders and board members are still fighting over the role of board member Kalanick in a nasty lawsuit. That suit could stymie a “major” investment round for Uber, an early personal investor in Uber […]
Read moreFew people can say they’ve received stock advice straight from legendary investor Warren Buffett himself. But back in 1999, Buffett sold his 20-year-old wallet to the highest bidder for $210,000, with all proceeds going to Girls Inc., a charity that supports young girls in Omaha. To sweeten the deal, he included the name of a […]
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Shares of Mondelez erased earlier gains Wednesday after investing legend Warren Buffett suggested Kraft Heinz isn’t interested in buying the snack company. Mondelez’s stock was trading about 0.7 percent higher in the morning. It fell 3.1 percent after Buffett’s remarks and was down 1.81 percent midday. Buffett’s Berkshire Hathaway is Kraft Heinz’s largest shareholder, owning […]
Read moreWhen President Donald Trump predicted that his policies would spur growth of 3 percent or more, a lot of economists didn’t take him seriously. They may now. The latest figures on the economy show that breakout economic growth may not just yet be at hand, but it’s certainly within reach. A revision to second-quarter gross […]
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