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Invesco QQQ Trust Newsroom
Morgan Stanley's Slimmon Expects Strong Earnings Season
Andrew Slimmon, Morgan Stanley Investment Management senior portfolio manager, says good fundamentals are driving the stock market on "Bloomberg The Close."
S&P 500 Clinches Yet Another Record Close After Jerome Powell's Testimony, Fear & Greed Index Remains In 'Neutral' Zone Ahead Of Key Data
The CNN Money Fear and Greed index remained in the "Neutral" zone on Tuesday.U.S. stocks closed mixed on Tuesday, with the S&P 500 hitting fresh record as Federal Reserve Chairman Jerome Powell
Here's Why Elon Musk Ditched India Tour To Visit China
The Tesla (NASDAQ:TSLA) CEO canceled a trip to India in April this year because of a massive opportunity in China, the Financial Times reported. During his trip to Beijing, Musk reportedly bagged a deal that has pushed his plans of bringing full self-driving technology to China closer to reality.
Elon Musk Laughs At Jim Cramer Saying He'd Rather Buy GM Over Tesla, With EV Giant's Stock Rallying 44% Since: 'Amazing'
Elon Musk on Tuesday laughed at how Tesla Inc.'s (NASDAQ:TSLA) stock rallied after Jim Cramer said in June that he would buy legacy automaker General Motors' stock over the EV giant's.What Happened:
TSMC Rides AI Wave to $1 Trillion, Wall Street Bullish on Potential for 30% Stock Rally
Jeff Bezos Now Owns Less Than 9% Of Amazon, Billionaire Divests $863.5M Worth Of Shares As Part Of $5B Liquidation Plan
Amazon, Inc. (NASDAQ:AMZN) founder Jeff Bezos sold more shares of the e-commerce giant, a late-Tuesday filing by the company with the SEC showed.What Happened: Bezos reported three tranches of stock
Tesla CEO Elon Musk Teases New Optimus Design, Says It Is 'Something Special'
The upcoming design revision of Tesla Inc.'s (NASDAQ:TSLA) humanoid robot Optimus will be "special," company CEO Elon Musk teased on Wednesday.What Happened: "The new Optimus design, which will be
Elon Musk Critique Ross Gerber Calls Tesla Short Sellers 'Stupid' — Dan Ives Asks If Bulls Camp Is Ready To Welcome Back The 'Former Bear'
Ross Gerber, who was once a vocal critic of Elon Musk and Tesla Inc. (NASDAQ:TSLA), has now shifted his stance.What Happened: Gerber, the CEO of Gerber Kawasaki Wealth, recently appeared on CNBC's
Even venture capital firms are stocking up on GPUs! a16z plans to purchase over 0.02 million GPUs, comparable in scale to Musk's xAI.
To catch up with the AI wave, not only the technology giants, but also the venture capitalists have begun to hoard GPUs. According to insiders, the venture capital firm Andreessen Horowitz (a16z) has stockpiled thousands of GPUs, including Nvidia H100 GPUs, and plans to hoard more than 20,000 GPUs in the future specifically for renting to AI startup companies.
Apple Registers Largest Growth Among Global PC Makers, Shipments Surge 20.8% — Report
$Apple(AAPL.US)$ had a 20.8% increase in personal computer shipments for the second quarter, marking the largest growth among global PC manufacturers.What Happened: The PC industry, which faced
Options Market Statistics: Tesla Hits 10-Day Winning Streak, Closes at 9-Month High, Options Pop
News Highlights
Apple has risen significantly, but Berkshire Hathaway has stagnated.
Apple's stock price hit a new high, surpassing Microsoft and Nvidia, becoming the company with the largest market cap in the world. However, Berkshire Hathaway, which holds a heavy position in Apple, has a cumulative increase of about 12.59% this year, still underperforming the S&P 500 index over the same period.
7/10 [Strengths and Weaknesses]
[Bullish and Bearish Materials] The Nikkei Average is rising (41580.17, +799.47), and the Nasdaq Composite Index is rising (18429.29, +25.55). The dollar exchange rate is 161.20-30 yen. There are expectations for inflation stabilization in the United States and a request for improved corporate value from the Tokyo Stock Exchange. Bearish materials include the Dow Jones Industrial Average falling (39291.97, -52.82), Chicago Nikkei futures declining (41515, compared to Osaka: -105), the SOX index decreasing (5765.20, -0.01), and the VIX index rising (12).
Yellen and Powell agree: the US labor market is weakening the push for inflation, and inflation pressures may continue to ease.
The current labor market is no longer the primary factor driving inflation in the US economy, as it was in the early stages of the pandemic recovery.
Microsoft bought billions of dollars in carbon credits from Occidental Petroleum, which is heavily favored by Buffett, in a record-breaking deal.
Occidental Petroleum, one of the largest petroleum producers in the USA and a petroleum stock favored by the stock god Buffett, will sell 0.5 million carbon credits to Microsoft within six years. The latest agreement highlights the enormous challenge faced by the technology industry in fulfilling its climate commitments, as the demand for electrical utilities surges under the impetus of the artificial intelligence boom.
Powell Pushes Back on Rate Cut Bets
The Fed Chair shook things up a bit in his Tuesday testimony after pushing back on rate cut timing and warning against premature easing. This all but takes July rate cut prospects off the table, with September now seen as the earliest date for the next rate cut.
Stock Futures Are Little Changed After S&P 500 Notches Another Record Close: Live Updates
The S&P 500 and Nasdaq Composite closed at fresh records Tuesday.
S&P 500 Holds Gains as Fed Bets Steady on Powell
Stocks closed at all-time highs, with Jerome Powell’s remarks to Congress doing little to alter bets the Federal Reserve will be able to cut interest rates this year.
Be vigilant! The "Buffett Indicator" is sounding the alarm: US stocks are just too expensive.
The Buffett indicator is issuing a warning to investors.
Nvidia CEO Huang Sells Another $30.7M in Shares as Part of Trading Plan