SpaceX stake ownership held by Elon Musk decreased in recent years. Nonetheless, according to regulatory documents, the company’s CEO has retained control of the rocket startup he started two decades ago. According to a document filed with the Federal Communications Commission last week, a trust associated with Musk owns 42% of SpaceX. This coordinates the …
Xbox Maker Says FTC Can’t Prove that The Deal Harms Consumers Microsoft Corp Inc. contends that its proposed $69 billion deal for Activision Blizzard Inc. would harm competition in the video-gaming market. The accusations come from the US Federal Trade Commission. However, Microsoft said the alliance would offer more alternatives to players and game developers …
Stock investors digesting better-than-expected profits numbers and a rise in consumer confidence kept US equity gains intact. As much of the market volatility over the Bank of Japan’s unexpected rise in its yield trading band faded, bonds steadied after yesterday’s selloff. With over 90% of its stocks increasing, the S&P 500 increased by 1.8%. The …
Before Twitter Inc. reduced costs through layoffs, it was on track to have a $3B yearly negative cash flow. “That is why I spent the last five weeks cutting costs like crazy,” Musk said during a tweet-spaced discussion on Tuesday evening. “That’s the reason for my actions. They may sometimes seem spurious or odd or …
According to a study by Goldman Sachs Group Inc., roughly 55% of actively managed large-cap mutual funds are on track to outperform their targets this year. From 2007 through November, 71% of funds did so. That would be the largest share up to date. As a massive bull market rode key indexes to many new …
Stocks of firms ranging from banks to technology companies crawled lower on Monday. Major indexes are on the verge of closing December lower, which is unusual. According to Dow Jones Market Data, the S&P 500 has risen 73% of the time since 1928. Nevertheless, it dropped 6.4% in December as of Monday’s close. Markets are …
Advent International purchased Maxar Technologies Inc. The satellite owner and operator are trading at roughly $4 billion in a deal. According to the firms, Advent is paying $53 per share for Maxar, which the Wall Street Journal first reported. Last Thursday, Maxar’s stock finished at $23.10, down 23.5% from the start of the year. However, …
A controlled reaction at the Lawrence Livermore National Laboratory generated more energy than it consumed this past week. Hence, the U.S. Energy Department announced a breakthrough in research revolving around nuclear fusion. Fusion provides a limitless supply of clean energy. How long will it take for this breakthrough to come through? Understanding three fundamental numbers …
As uncertainty about the holidays and into the start of earnings season next month grows, a looming recession is weighing on the global stock market to five-week lows. A growing number of analysts worry the volatility should only grow in the weeks ahead. Businesses must disclose how much the cooling economy has affected business profits. …
Microsoft is tightening up its cloud services by forcing new limits on how people use them. It hopes to improve the stability of its cloud offerings. According to a policy change that went into effect on December 1, the technology giant will not allow its users to mine cryptocurrencies on its online services. Users must …
Investors questioned if inflation decreased enough to warrant the Federal Reserve to pause monetary tightening. The US equities rose while short-term Treasuries gained. After earlier in the day’s trading being shaky, the S&P 500 and tech-heavy Nasdaq 100 climbed. The two-year Treasury yield, which is policy-sensitive, averaged 4.17%. For the second day in a row, …
Released Data Sets Tone for The Anticipated Fed Decision The smallest monthly gain over a year was recorded by a key gauge of US CPI data, estimating that inflation may have peaked. After figures showed prices climbed less than projected last month, US equities rose, and Treasuries yields fell across the curve. That’s an indication …
The US stock futures polled higher at the start of a crucial week. The Federal Reserve, the European Central Bank, and several other peers are set to make monetary-policy decisions this week. Weekly losses for the underlying indexes resulted in contracts on the S&P 500 and Nasdaq 100 indexes being about 0.3% higher. The ten-year …
This is the week we have all been waiting for. Investors hope for a clearer picture of what lies ahead for a battered stock market and economy in 2023. We’ll have more news after key inflation data, the Fed’s interest rate decision, and comments from Chairman Jerome Powell. However, stock traders are expecting more volatility …
Stock Traders in Anticipation of The Upcoming Week Read More »
Microsoft acquired Activision Blizzard Inc. for $69B. Antitrust authorities investigating to stop the merger are most likely more worried about the future of gaming in the cloud. This has lately drawn attention to decades-old notions of console-exclusive games played on Xbox and chief rival Sony Group Corp.’s PlayStation. Cloud gaming is a new concept that …
Microsoft Battle for Activision Turns on The Future of Gaming Read More »
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