On Thursday, Nvidia’s stock took an epic jump among the nation’s corporate giants. In one day, the graphics-chip maker total market capitalization added nearly $184 billion – that’s billion with a b. It is one of the biggest one-day market capitalization gains in American corporate history. Nvidia’s market capitalization was $754.3 billion at the stock…
“‘Icahn’s favorite Wall Street saying: “If you want a friend, get a dog.” Over his storied career, Icahn has made many enemies. I don’t know that he has any real friends. He could use one here.’” — Bill Ackman, founder and CEO, Pershing Square Capital Management That was billionaire hedge fund manager Bill Ackman, founder…
There’s an “epic” amount of cash on the sidelines as investors assess a slowing U.S. economy and the debt-ceiling debate in Washington, according to Rick Rieder, chief investment officer of global fixed income at BlackRock. “I’ve never seen so much money sitting in cash,” Rieder said Tuesday during a BlackRock media briefing at its New…
LeBron James became the NBA’s all-time scoring leader this year, passing Kareem Abdul-Jabbar’s hallowed record that many thought would never be broken, and now says he is considering retiring from basketball. The potential end to James’s career has rekindled discussions over who is the best basketball player of all time. Is 38-year-old James the GOAT…
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS How we know that economic risk is high right now Introducing an objective way of measuring economic uncertainty and risk. Read More ‘Putting the Treasury on the brink…
Shares of American Airlines Group Inc. and JetBlue Airways Corp. dropped late Friday after a U.S. judge sided with the Justice Department in a lawsuit aimed at undoing the airlines’ joint venture in airports in the Boston and the New York City areas. In separate statements, both JetBlue JBLU, -1.80% and American Airlines AAL, -1.53%…
The financial fallout from half-empty U.S. office buildings has begun to be reflected in prices for bonds backed by luxury office buildings. From New York City’s famed Park Avenue to San Francisco’s California Street, properties long considered fortress investments are reeling as efforts to return more staff to office buildings in big cities stall. Recent…
The U.S. dollar, which rallied to a two-month high on Thursday, is demonstrating a bullish signal from a technical perspective and has the potential to trend up in the coming months, according to Sevens Report Research. The greenback’s strength will weigh on equities, starting by the beginning of June, noted Tom Essaye, founder of Sevens. …
If you own a small-cap stock fund in your retirement portfolio you may be wondering if it’s time to throw in the towel. Small-cap stocks, which these days means stocks with a capitalization or market value of less than about $10 billion, are on track for yet another dismal year. The Russell 2000 index RUT,…
Germany’s blue-chip index is a eyeing a fresh record as investors warm to its tech-lite mix of relatively lowly-valued but high quality industrials, carmakers, insurance and healthcare companies. The DAX DAX, +1.33%, which was the DAX 30 until 10 more companies were added in September 2021, at one point on Thursday was up more than…
Failed crypto exchange FTX is suing co-founder and former Chief Executive Sam Bankman-Fried and others, seeking to claw back about $240 million related to the company’s acquisition of stock-trading platform Embed. In a filing Wednesday in U.S. Bankruptcy Court in Delaware, FTX claimed Bankman-Fried and others — including FTX co-founders Zixiao Wang and Nishad Singh…
The stock market, as measured by the S&P 500 Index SPX, +0.94%, has continued to remain in a narrow range since early April. That trading range is bounded by 4050 on the downside and 4200 on the upside. In the past two weeks, SPX has traded in an even tighter range, hovering almost exactly at…
BofA Securities reiterated its buy rating on JPMorgan Chase & Co. ahead of the megabank’s investor day on Monday, calling the bank an outperformer in a tough year for the sector. “We expect Monday’s investor day to reinforce the resiliency of the business model while showcasing franchise investments that should position the bank to remain a…
Corrects value in paragraph 12 to “a couple of hundred billion dollars”. Quarterly U.S. regulatory filings this week revealed that Scion Asset Management, the hedge fund founded by Michael Burry, doubled down on China stock bets. The question is, should investors? Burry’s investment moves are widely followed as he correctly called the collapse of the…
“ Tight lending conditions and loans refinanced at higher, unsustainable rates could potentially stifle construction and development. ” As the U.S. emerges from the COVID-19 pandemic, much attention has been given to rising inflation and the interest-rate hikes to combat it. But there is another looming threat with equally impactful and widespread implications for consumers…
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS Banning short selling of regional bank stocks won’t solve their problems Restricting bets against the troubled banking sector would be ineffective and costly. Read More Stocks are stuck…
The stock market, as measured by the S&P 500 Index SPX, -0.72%, has failed to overcome resistance at 4200. That is bearish, and SPX has backed off sharply since the most recent attempt to challenge 4200 occurred late last week. That attempt was spurred by positive earnings from Meta Platforms META, -1.48% and others. Now…
We are running out of time to fix this problem. How many more unnecessary bank failures do we need to watch before the FDIC, the U.S. Treasury, and our government wake up? We need a system-wide deposit guarantee regime now. That was hedge fund billionaire Bill Ackman back with his two cents on the regional…
Private-equity firm Apollo Global Management Inc. is close to a deal to acquire Arconic Corp., which makes parts for aerospace and other industries, the Wall Street Journal reported late Wednesday. The Journal, which first reported Apollo APO, -0.54% was in talks to buy Arconic in February, reported the deal would value Arconic ARNC, -5.69% at…
Stock-market investors didn’t get much time to enjoy a brief period of relief for stocks following JPMorgan Chase & Co.’s takeover of First Republic Bank. The seizure on Monday of troubled First Republic FRC and the subsequent takeover by JPMorgan Chase JPM failed to arrest a slide in U.S. regional bank stocks on Tuesday, as…