Stock Market Midday Report: Amazon, Burlington Stores, Medtronic, Kohl’s, and More In today’s midday market report, several companies are making significant moves, affecting their stock prices and the overall market. Here are the highlights: – Amazon: The e-commerce giant saw a 2.4% slip in its stock after reports that founder and Executive Chair Jeff Bezos…
Stock Market Sees Carnage Due to U.S. Monetary Policy Shift The Federal Reserve’s abandonment of easy-money policies has led to a fight to squash inflation, marking a dramatic shift in U.S. monetary policy. Investors have had to adapt to this new reality, with stock prices seeing significant drops since January 2022. Notably, major U.S. equity…
Emmett Shear Named Interim CEO of OpenAI: An Analysis of the Move and its Implications It was a surprising move when former CEO of OpenAI, Sam Altman, was ousted from his role last week. However, the shock did not last long, as his replacement has already been named. After much speculation and rumors over the…
Amazon confirmed on Friday that it has started laying off multiple employees in its Alexa division as part of a broader company-wide belt-tightening. Daniel Rausch, Amazon’s vice president of Alexa and Fire TV, notified the affected employees of the job cuts in a memo. The company has been making cost cuts since last year due…
Amazon will now enable car dealers to sell vehicles directly through its platform, a move that will begin with Hyundai, according to a CNBC report. The company has been gradually increasing its presence in the car market by introducing digital showrooms for customers to research and compare vehicles. Starting in 2024, Amazon will allow shoppers…
CNBC Investing Club with Jim Cramer: Key Moments from Monday’s Morning Meeting The CNBC Investing Club with Jim Cramer held its Morning Meeting livestream at 10:20 a.m. ET on Monday, discussing the latest developments in the stock market. Here are the key moments from the meeting: 1. U.S. equities experienced pressure on Monday, with the…
Stock Market Surges Despite Mixed Earnings – What’s Driving the Rally? In a surprising turn of events, the stock market has surged over the past two weeks, despite underwhelming performance from some of its largest players. Companies like Apple (AAPL), Amazon (AMZN), Meta Platforms (META), and Alphabet (GOOGL) have all reported mixed earnings, yet their…
After 118 days of striking, Hollywood’s actors and studios have reached a preliminary labor agreement. The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) announced that a tentative deal with the Alliance of Motion Picture and Television Producers (AMPTP) has been approved by the SAG-AFTRA TV/Theatrical Committee in a unanimous vote. The strike,…
Stock Market Sees Best Week of the Year as Treasury Yields Stumble Last week, the stock market experienced its best week so far this year, thanks to a combination of factors that blunted the negative sentiment surrounding the market. The 10-year Treasury yield, which had reached over 5%, was pushed back by a new Treasury…
CNBC Investing Club Mailbag: Understanding the Full Position of Stocks in the Portfolio In our latest edition of the CNBC Investing Club Mailbag, we tackle an important question from Scott L. He wants to know about the full position of the stocks in our portfolio and how to establish that level for himself. The answer…
