Many of the market indices may be reaching new highs, but not many actual stocks. Shares of Pinterest (NYSE: PINS) And GitLab (NASDAQ:GTLB) are trading more than 30% below their 52-week high. PayPal (NASDAQ:PYPL) hit a new 52-week high on Monday, but would need to quadruple from here to regain its all-time high. All three … Read more
Can you guess how much money Warren Buffett saved by the time he was 15? Tip: it is much, much more than your son or nephew has When you think of Warren Buffett, you probably imagine him as one of the richest men in the world, with billions in his bank account. But have you … Read more
Donald Trump says he will cut your car insurance in half. People are pushing back and asking him if he wants to use government price controls to do that Former President Donald Trump recently made a bold promise: If he is re-elected president, he will cut your car insurance rates in half. But not everyone … Read more
There is an incredibly risky, two-pronged trend in the housing market. Insurance companies refuse to cover properties because they are located in severe weather zones or because the housing stock is old. And banks won’t give you a mortgage because of the same risk. The result is a further divided housing market: traditional homes that … Read more
Shares of Nvidia (NASDAQ: NVDA) rose higher on Tuesday, rising as much as 4.8%. At 3:20 PM ET, the stock was still up 4%. The catalyst that sent the chipmaker and artificial intelligence (AI) specialist to the next level were reports that the company’s CEO was done selling shares for the time being. CEO Jensen … Read more
Financial watchdogs on Tuesday charged a 56-year-old New Yorker with insider trading, alleging the executive knew in advance that Foot Locker’s disappointing earnings would lead to a stock sell-off. In total, authorities said the director made about $113,000 — and now he must pay back double that, according to a pending settlement. According to the … Read more
Some Amazon employees refuse to “disagree and commit,” as one of the company’s famed leadership principles requires of those who disagree with a decision. Instead, hundreds of employees at the online retail giant are complaining that CEO Andy Jassy’s five-day-a-week return-to-the-office mandate, announced last week, will negatively impact their lives — and productivity at work. … Read more
Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/BI Nvidia shares closed 4% higher on a report that CEO Jensen Huang has finished selling shares. Huang raised a total of $713 million from the sale. He remains Nvidia’s largest shareholder. Nvidia shares rose as much as 5% on Tuesday after Barron’s CEO Jensen … Read more
Warren Buffett is one of the most respected investors on Wall Street. That’s partly because he has amassed a personal fortune of $140 billion, but also because Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has grown at a phenomenal pace under his leadership. The company’s Class A shares have returned 20% annually since Buffett took over … Read more
Larry Ellison owns 42% of the shares Oracle (NYSE: ORCL)a $465 billion technology giant building some of the most powerful data centers for artificial intelligence (AI) development. Nvidia (NASDAQ: NVDA) supplies Oracle and most other technology companies with data center chips called graphics processing units (GPUs). Nvidia has experienced an eye-popping increase in sales over … Read more