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Nasdaq jumps 2.3% as tech stocks lead a broad rally amid tempered inflation fears

Traders work on the floor of the New York Stock Exchange (NYSE) on November 20, 2019 in New York City Spencer Platt/Getty Images The Nasdaq Composite leapt in a broad rally sweeping Wall Street on Friday. Stocks pushed past downbeat retail sales and consumer confidence data. Federal Reserve officials are saying they plan to stick with monetary policy that fosters economic growth. See more stories on Insider's business page. Tech stocks led a broad-based rally on Friday, with invest...
Tags: Facebook, Cdc, US, Trends, Tech, Markets, Tesla, Economy, Stocks, US Treasury, Federal Reserve, Seattle, Nasdaq, Retail Sales, S&P 500, Dow Jones Industrial Average


Fisker soars 17% after reaching deal with Foxconn for development of an electric vehicle

Production on Fisker's Ocean SUV is slated to start in 2022. Mark Matousek/Business Insider Fisker shares revved up 17% on Friday after the company and Foxconn finalized agreements to develop a "breakthrough" electric vehicle. Production of the vehicle is expected to begin in 2023 in the US. Fisker is aiming to begin production on its Ocean SUV in Europe in 2022. See more stories on Insider's business page. Shares of Fisker sharply jumped Friday after the company finalized a dea...
Tags: Apple, Europe, India, Cars, US, Trends, Markets, Taiwan, Electric Vehicles, Foxconn, Ev, Fisker, Hon Hai Precision Industry Co, Henrik Fisker Fisker, Carla Mozee, Ocean SUV


US stocks fall as rising inflation fears drive sharp tech selloff

Scott Heins/Getty Images US stocks fell Monday with the Nasdaq tumbling 2% amid fears of rising inflation. JPMorgan said retail trading in the stock market declined in March despite stimulus checks. Gas futures hit their highest level since 2018 on Monday after a cyberattack against a key fuel pipeline over the weekend. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks fell on Monday with the Nasdaq tumbling over 2% as investors feared a pick-up in infl...
Tags: Google, Elon Musk, US, Trends, Markets, Treasury, Goldman Sachs, Federal Reserve, Biden, Nasdaq, Dow, S&P 500, Musk, Yellen, Fed, Jpmorgan


Dow soars 318 points to record high as investors weigh new economic-recovery data

Traders work on the floor at the New York Stock Exchange. Brendan McDermid/Reuters The Dow Jones Industrial Average pushed to a record high on Thursday. Stocks found support as fewer-than-expected Americans filed for jobless benefits. Home Depot, P&G and Apple were all up, helping the Dow push to fresh highs. See more stories on Insider's business page. The Dow Jones Industrial Average notched a new record high Thursday as stocks pegged to the reopening of the economy got a boost fr...
Tags: Apple, Home Depot, Microsoft, Etsy, US, Trends, Markets, Bloomberg, Treasury, Stocks, S&P 500, Dow Jones Industrial Average, Procter Gamble, Nasdaq Composite, Labor Department, Carla Mozee


Coinbase is shutting its former San Francisco HQ as it plans for a decentralized, and remote-first, workplace

Coinbase Founder and CEO Brian Armstrong attends Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City. Steven Ferdman/Getty Images Coinbase is closing its former San Francisco HQ in 2022, it announced Wednesday. It already downgraded the location to a normal office as part of its plan to become decentralized. The decision means career outcomes are based on capability and output rather than location, Coinbase said. See more stories on Insider's business page. Cryptocurr...
Tags: Florida, California, New York City, San Francisco, Trends, Tech, Markets, Ford, Crypto, Silicon Valley, Coinbase, Cryptocurrency, Remote Working, Armstrong, Brian Armstrong, Tech Insider


Tech stocks plummet as Yellen says interest rates may need to rise

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020. Andrew Kelly/Reuters US stocks sank Tuesday as Treasury Secretary Yellen said interest rates may need to rise to prevent the economy from overheating. Tech stocks led losses with Apple, Amazon, and Tesla all in the red at the close. The Treasury Secretary's comments contrast with the Fed's plans to hold rates near zero through 2023. Sign up here for our daily newsletter, 10 Thin...
Tags: Amazon, New York City, US, Trends, Tech, Markets, Tesla, Atlantic, Treasury, Janet Yellen, Federal Reserve, Wall Street Journal, Jamie Dimon, Dow, S&P 500, Nyse


Dow jumps 238 points as Fed's Williams says strong economic growth not yet enough to impact monetary policy

Xinhua/Wang Ying/Getty Images US stocks were mixed on Monday, with the Nasdaq 100 falling while the S&P 500 and Dow Jones rallied higher.The Fed's John Williams said on Monday that the strengthening economy is not yet enough to impact monetary policy.Investors are awaiting another big week of earnings, as PayPal, General Motors, and Etsy are set to report.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks were mixed on Monday, with the S&P 500 and Dow Jo...
Tags: Apple, Etsy, Finance, China, US, Trends, Markets, Williams, Berkshire Hathaway, Warren Buffett, Fidelity, Stock Market, Nasdaq, Costco, John Williams, Dow Jones


Share buyback plans have boomed and should help the US stock market continue to soar higher, research firm says

Xinhua/Wang Ying/Getty Images Corporate buyback announcements 'exploded' as trading in April wrapped up and that helped push stocks higher, said Vanda Research. A jump in buybacks should help soften the blow in the US equity market in the event of a drawdown. "As net equity supply shrinks every dollar invested in the US market will have a larger marginal impact," said Vanda. See more stories on Insider's business page. There's been a surge in planned corporate share buy...
Tags: Apple, Google, Wall Street, US, Trends, Markets, Bank Of America, Stocks, Stock Market, S&P 500, Dow Jones Industrial Average, Alphabet, Nasdaq Composite, Carla Mozee, Share Buybacks, Vanda


Binance CEO explains how herd mentality causes bitcoin price volatility - but argues the same behavior can be seen in the stock market

Chaopeng Zhang is the chief executive officer of Binance, the world's largest crypto exchange. Binance Binance founder Chaopeng Zhang said herd mentality is one of the reasons why bitcoin's price is volatile in an interview with Bloomberg. But he said this volatility is nothing new to cryptocurrencies - and the same drivers are seen in the stock market as well. The founder also said that companies such as MicroStrategy that buy to hold help push bitcoin's price higher permanent...
Tags: Apple, Trends, Markets, Tesla, Bloomberg, Bitcoin, Zhao, MicroStrategy, Ether, Michael Saylor, Binance, Binance Binance, Changpeng Zhao, Isabelle Lee, Cryptocurrecny, MI Exclusive


Stocks now represent a record-high percentage of financial assets among US households, reports say

JOHANNES EISELE/AFP via Getty Images Stocks now represent 41% of US households' financial assets, according to data from JPMorgan and the Federal Reserve. Robinhood tripled its revenue from payment for order flow in the first quarter amid a rise in retail traders. Warren Buffett warns investors are "just as sure" of themselves as they were in 1989 before a mini-crash. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Americans are now holding a higher percentag...
Tags: Apple, Google, US, Trends, Markets, Bloomberg, Jp Morgan, Stocks, Berkshire Hathaway, Omaha, Warren Buffett, Federal Reserve, Stock Market, Wall Street Journal, Robinhood, Equities


Bitcoin trading volume was 7 times that of Apple in April as the cryptocurrency saw wild volatility and a 24% sell-off

Omar Marques/SOPA Images/LightRocket via Getty Images Bitcoin's trading volume of $1.84 trillion in April towered over Apple's at $249.22 billion, research firm Finbold said Monday. Bitcoin trading volumed surged in a month that saw its price tumble from record highs. Finbold said the digital currency is now competing with established, traditional asset classes. See more stories on Insider's business page. Bitcoin's trading volume in US dollars outstripped that of tech ...
Tags: Apple, Elon Musk, US, Trends, Markets, Tesla, Paypal, Bitcoin, Crypto, Apple Market Cap, Cryptocurrencies, Securities And Exchange Commission, Carla Mozee, Omar Marques, Getty Images Bitcoin, Bitcoin Market Cap


US stocks edge higher as investors brace for another wave of corporate earnings

AP Photo/Richard Drew US stocks edged higher on Monday as investors await another round of corporate earnings this week.A third of the S&P 500 will report earnings this week, including Tesla, Apple, and Alphabet.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks edged higher on Monday as investors anticipate another flood of first-quarter earnings that are set to be released this week. Earnings reports from Pfizer, General Motors, PayPal and Etsy among other...
Tags: Apple, Amazon, Etsy, China, US, Trends, Markets, Ap, Berkshire Hathaway, Warren Buffett, Fidelity, Stock Market, Nasdaq, Richard, Costco, S&P 500


I ate like Warren Buffett for a week - and it was miserable

Berkshire Hathaway CEO Warren Buffett Rick Wilking/Reuters I ate like Warren Buffett for a week. Buffett does not eat very healthy. My body felt terrible by the end of the week. See more stories on Insider's business page. Warren Buffett is one of the most successful investors in history.He also has a really weird diet.Buffett's diet of sugary soda, junk food, and limited vegetables has reached legendary status.The Berkshire Hathaway CEO drinks about five cans of Coca-Cola products...
Tags: Google, Elon Musk, Hbo, New York, Coca Cola, Obamacare, Colorado, NYC, Opinion, Jay Z, Life, New York City, Trends, Markets, Bloomberg, Turkey


S&P 500 closes at record with traders encouraged by strong GDP data and big-tech earnings

Photo by: Sergi Reboredo/VW PICS/Universal Images Group via Getty Images The S&P 500 closed at a record on Thursday as strong first-quarter GDP data fueled economic optimism. Major US stock indexes were also lifted by blockbuster earnings from tech giants Apple and Facebook. Economic growth has been boosted by a trifecta of unprecedented stimulus, vaccine rollouts, and an accelerated reopening. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks closed high...
Tags: Apple, Facebook, Oil, US, Trends, Gold, Markets, Bitcoin, Earnings, Ufc, Brent Crude, Stock Market, Nasdaq, Dow Jones, Jefferies, FOMC


Ford dives 10% after warning 2nd-quarter production will be halved by a chip shortage

Workers build Ford F-150 trucks. Associated Press Ford shares fell as much as 10% on Thursday as the company expects a 50% hit to second-quarter production. The company said a global shortage of semiconductors will be a potential drag on its output. Ford said a fire at a Japanese chip supplier worsened the shortage situation. See more stories on Insider's business page. Ford shares tumbled to a two-month low Thursday after the vehicle maker said a worldwide shortage in semiconductor...
Tags: Apple, Japan, Cars, Trends, Markets, Vehicles, Ford, Electric Vehicles, Tim Cook, F-150, Trucks, F, Ev, Tesla CEO Elon Musk, Associated Press Ford, Carla Mozee


A 'drop the mic' quarter: 3 Apple stock analysts explain why they're boosting price targets after a monster 2nd-quarter earnings report

Majdi Fathi/NurPhoto via Getty Images Apple turned in earnings and revenue for its financial second quarter that surged past Wall Street's expectations Goldman Sachs upgraded Apple shares to neutral from sell following the earnings report. JP Morgan and Wedbush increased their price targets for the tech giant. See more stories on Insider's business page. Apple's second-quarter financial report outstripped expectations set by Wall Street, bolstered by a 66% climb in iPhone sa...
Tags: Apple, Mac, China, US, Trends, Markets, Jp Morgan, Goldman Sachs, Iphones, Goldman, Mac Computers, Wedbush, Cook Co, Carla Mozee, Rod Hall, Tech Stocks


Billionaire Mark Cuban highlights rampant speculation in crypto - but says that's always the case with transformative technologies

Mark Cuban. Steve Jennings/Getty Images Mark Cuban acknowledged there's rampant speculation in cryptocurrencies.The billionaire investor said revolutionary technologies often generate hype.Cuban defended the boom by pointing to the growing number of uses for crypto.See more stories on Insider's business page.Mark Cuban recognizes lots of people are buying cryptocurrencies, not because they view them as fundamentally valuable, but because they expect others to buy them and drive thei...
Tags: Technology, Yahoo, Dallas Mavericks, Trends, Markets, Mark Cuban, Cryptocurrencies, Ellen Degeneres, Speculation, Shark Tank, Michael Burry, NFT, Mike Novogratz, Dogecoin, Theron Mohamed, MI Exclusive


US stocks slip after the Fed maintains its support of the economy

Kevin Lamarque/Reuters US stocks were lower Wednesday after the Federal Reserve maintained its support for the economy. Policymakers held the Fed's benchmark interest rate near zero and maintained the pace of asset purchases of at least $120 billion per month. Google's parent Alphabet hit a record intraday high after the tech stalwart crushed earnings. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks closed lower on Wednesday after the Federal R...
Tags: Apple, Google, Facebook, Microsoft, US, Trends, Markets, Federal Reserve, Nasdaq, Dow, S&P 500, Fed, Reuters, Jpmorgan, SPAC, Powell


US stocks trade mixed as investors mull a wave of corporate earnings and the Fed's upcoming decision

Microsoft reported third quarter earnings that were better than financial analysts expected. John Nacion/SOPA Images/LightRocket via Getty Images US stocks were mixed at the open as investors mulled over a wave of corporate earnings and awaited the FOMC meeting today. The Fed is expected to hold its benchmark interest rate near zero and maintain its pace of asset purchases. Microsoft and Google's parent Alphabet beat earnings expectations. Sign up here for our daily newsletter, 10 Th...
Tags: Apple, Google, Facebook, Microsoft, Congress, Wall Street, US, Trends, Markets, Joe Biden, US Treasury, Nasdaq, Jefferies, FOMC, Dow, S&P 500


Google parent Alphabet jumps to record as strong ad sales push 1st-quarter results past Wall Street's forecasts

Alphabet CEO Sundar Pichai. Justin Sullivan/Getty Images Alphabet shares hit all-time highs Wednesday following first-quarter results that beat expectations. Earnings of $26.29 per share came in higher than the $15.82 per share estimate from Refinitiv. Alphabet also got authorization from its board to repurchase up to an additional $50 billion of its shares. See more stories on Insider's business page. Shares of Google parent Alphabet hit record intraday highs on Wednesday after the ...
Tags: Google, Youtube, Trends, Google Search, Markets, Traffic, Jefferies, Carla Mozee, Brent Thill, Sundar Pichai Alphabet, Google earnings, Sundar Pichai Justin Sullivan Getty, Earnings 2021, Alphabet earnings, MI Exclusive, Q1 Earnings


Tech stocks slide with new earnings reports coming into focus

Traders work at the New York Stock Exchange. Johannes Eisele/AFP via Getty Images The Nasdaq Composite slipped from record-highs Tuesday. The S&P 500 was close to a record and the Dow industrials advanced. Tesla shares were under pressure and Microsoft was set to report after the bell. See more stories on Insider's business page. Tech stocks pulled back Tuesday as investors prepared for the next round of quarterly earnings reports, leaving the US stock market fighting to stay close t...
Tags: Google, Microsoft, US, Trends, Tech, Markets, Tesla, UPS, Hsbc, Ubs, Stocks, Federal Reserve, Nasdaq, S&P 500, Dow Jones Industrial Average, Alphabet


US stocks hold steady near record high as investors digest more earnings reports

Traders work on the floor at the opening bell of the Dow Industrial Average at the New York Stock Exchange. Bryan R. Smith/AFP/Getty Images Stocks rose Tuesday following record highs for the S&P 500 and the Nasdaq Composite. Alphabet and Microsoft will join the lineup of corporate earnings reports. The Federal Reserve will start its two-day policy meeting. See more stories on Insider's business page. US stocks hovered around record highs on Tuesday as Wall Street took in more corpor...
Tags: Google, Microsoft, US, Trends, Markets, UPS, Hsbc, Ubs, Stocks, Federal Reserve, S&P 500, Dow Jones Industrial Average, Nasdaq Composite, Bespoke Investment Group, Carla Mozee, Edit Series


S&P 500 hits record, Nasdaq soars ahead of big earnings week for mega-cap tech

Reuters / Brendan McDermid The S&P 500 closed at a record high on Monday with tech stocks leading the market higher.The Nasdaq 100 jumped nearly 1% as investors await a flood of first quarter earnings this week.A third of the S&P 500 will report earnings this week, including Tesla, Apple, and Alphabet.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The S&P 500 closed at a record high on Monday as investors anticipate a flood of first quarter earnings that are set t...
Tags: Apple, Google, US, Trends, Markets, Tesla, Reddit, Stock Market, Nasdaq, S&P 500, Dow Jones Industrial Average, Microvision, Matthew Fox, Tesla Apple, Reuters Brendan McDermid, Stock Market News


S&P 500 hits record and Nasdaq soars ahead of big earnings week for megacap tech

Reuters / Brendan McDermid The S&P 500 closed at a record high on Monday, with tech stocks leading the market higher.The Nasdaq 100 jumped nearly 1% as investors awaited a flood of first-quarter earnings this week.One-third of the S&P 500 will report earnings this week, including Tesla, Apple, and Alphabet.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The S&P 500 closed at a record high on Monday as investors anticipated a flood of first-quarter earnings set to b...
Tags: Apple, Google, US, Trends, Markets, Tesla, Reddit, Stock Market, Nasdaq, S&P 500, Dow Jones Industrial Average, Alphabet, Microvision, Matthew Fox, Tesla Apple, Reuters Brendan McDermid


US stocks edge higher as investors await big week for earnings

Getty Images / Bryan R. Smith US stocks edged higher on Monday as investors await a flood of first quarter earnings this week.A third of the S&P 500 will report earnings this week, including Tesla, Apple, and Alphabet.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks edged higher on Monday as investors anticipate a flood of first quarter earnings that are set to be released this week, with about a third of the S&P 500 reporting earnings.Mega-cap technology ...
Tags: Apple, Google, US, Trends, Markets, Tesla, Bitcoin, Stock Market, Dow Jones, S&P 500, Dow Jones Industrial Average, Matthew Fox, Tesla Apple, Stock Market News, Nasdaq 100, Stock market news today


Dow tumbles 257 points as spike in COVID-19 cases spurs economic-recovery concern

Traders work on the floor of the New York Stock Exchange. Bryan R. Smith / AFP via Getty Images The S&P 500 and the Dow Jones Industrial Average suffered their second straight losses on Tuesday. COVID-19 cases worldwide have risen by more than 10% over the past week. Nike dropped on the Dow but IBM was a winner. See more stories on Insider's business page. US stocks dropped Tuesday, with their grip on record highs further loosening as investors worry about the prospects for global e...
Tags: Apple, Japan, UK, China, India, US, Trends, Markets, Nike, Tesla, Alaska, Argentina, Stocks, Ibm, US Treasury, West Texas Intermediate


US stocks slump as global COVID-19 cases increase

John Moore/Getty Images The S&P 500 and the Dow Jones Industrial Average continued their slide from last week's record highs. Stocks were lower with COVID-19 cases on the rise worldwide and the US State Department set to issue a stark travel advisory. Wall Street's VIX "fear gauge" was advancing. See more stories on Insider's business page. Stocks moved lower Tuesday, edging away further from their strongest levels on record on widening concerns about rising COVID-19 cases ...
Tags: Apple, Japan, UK, India, US, Trends, Markets, Alaska, Argentina, Stock, S&P 500, United Airlines, Dow Jones Industrial Average, Eastern, Allianz, US State Department


A fintech head breaks down the 'religious' properties that make bitcoin the top cryptocurrency - and says Chamath Palihapitiya and Jack Dorsey are so devout that they ignore other crypto innovations

KTS Design/Science Photo Library/Getty Images Ajit Tripathi, head of institutional business at Aave, described in a recent Citi report why bitcoin is the undisputed leader in the cryptocurrency space. He provided three main reasons why bitcoin has found so much success. Tripathi as discussed the "religious" properties that make it so singularly popular with the likes of Chamath Palihapitiya and Jack Dorsey. Sign up here for our daily newsletter, 10 Things Before the Opening Bell The marke...
Tags: Apple, UK, Trends, Markets, Bitcoin, Pwc, Ubs, Crypto, Silicon Valley, Commodity Futures Trading Commission, Jack Dorsey, Cryptocurrencies, Coinbase, Cryptocurrency, Securities And Exchange Commission, Chamath Palihapitiya


Massachusetts regulators are seeking to revoke Robinhood's broker license just as the trading app aims to go public

Rafael Henrique/SOPA Images/LightRocket via Getty Images, Brendan McDermid/Reuters The state of Massachusetts is escalating its months-long battle against trading app Robinhood. Regulators are seeking to cancel Robinhood's license to prevent its use in the state. Robinhood says the move is "elitist and against everything we stand for." Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Massachusetts regulators are seeking to revoke Robinhood's broker-dealer...
Tags: Massachusetts, Trends, Tech, Markets, Regulation, Broker, Wall Street Journal, Robinhood, Regulator, WSJ, Galvin, William Galvin, Brokerage, Tech Insider, Massachusetts Securities, Shalini Nagarajan


Coinbase pulled in $57 million from retail investors during its trading debut, the 5th-most-popular offering since 2017

Coinbase is set to directly list on the Nasdaq on Wednesday. Chesnot/Getty Images Retail investors poured $57 million into Coinbase shares during its first day of trading Wednesday. Coinbase's debut is the fifth most popular for retail investors in four years, says VandaTrack. Coinbase shares were up during their second session of trade. See more stories on Insider's business page. Coinbase's trading debut drew in more than $57 million from retail investors, putting the crypt...
Tags: Apple, Ipo, US, Trends, Markets, Bitcoin, Crypto, Palantir, Coinbase, Charles Schwab, Carla Mozee, US Coinbase, Retail Investors, Trading Debut, MI Exclusive, VandaTrack



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