Telecommuting is the ability for an employee to complete work assignments from outside the traditional workplace by using telecommunications tools. E.g. Work form home, remote working and mobile working. The Telecommuting concept includes major US-listed companies that offer telecommuting technologies.
'Big Short' Fame Michael Burry Bets Big On China, Reveals Alibaba As Top Holding — JD.com And Baidu Also Feature On Scion's Portfolio
Hedge fund guru David Tepper firmly holds Chinese concept stocks: he holds JD.com and Ke Holdings, while reducing shareholdings in Alibaba and PDD Holdings.
China stocks and ETFs account for 26% of its fund stock investment portfolio.
Options Market Statistics: Alphabet Stock Drops, Options Pop Amid Breakup Consideration
Bridgewater Associates cut its Apple position by more than 70%, decreased its Nvidia position, increased its Amazon and Microsoft positions.
In Q2, Bridgewater reduced its shareholding of Apple by 1.37 million shares, with a market cap of nearly $0.29 billion, the largest reduction in scale. Eli Lilly and Co was the second largest reduction in shareholding with a reduction of over 0.18 million shares and a market cap of nearly $0.17 billion. Google, which was reduced by nearly 0.83 million shares, is the third largest holding. Nvidia, the fourth largest holding, was reduced by nearly 0.49 million shares, while PDD Holdings was sold off by nearly 0.29 million shares, with a 19% decrease in holding positions. Amazon's shareholding was increased by nearly 1.6 million shares, with a staggering 152% increase in holding positions, making it the sixth largest holding. Microsoft, the seventh largest holding, was increased by 0.51 million shares, an 88% increase, as well as Broadcomm and AMD.
Whale Rock Dives Into Google, Coupang, Sheds Salesforce, Marvell, Others in Q2
Driven by AI demand, Cisco's new fiscal year guidance is stronger than expected, and global layoffs will be 7%. After hours, it jumped more than 6%. | Financial Report
Following a 10% decrease in revenue in fiscal year 2024, Cisco expects the highest revenue growth of 4.5% in fiscal year 2025, with analysts predicting it to be at the lower end of the guidance range. Cisco announced its second major layoff of the year, with over 6,000 job cuts. More news will be continuously updated.