Former president Donald Trump is set to own most of the combined company — or nearly 79 million shares. Multiply that by Digital World’s closing stock price Friday of $36.94, and the total value of his stake could be nearly $3 billion.
Read More
Reddit, which priced its IPO at $34 a share, debuted Thursday afternoon at $47 a share. At the close of trading, it was up 48% at $50.44, backing off a peak of $57.80.
Read More
The e-commerce pioneer took its position among the 30-company Dow before the open of trading Monday, replacing drugstore operator Walgreens Boots Alliance.
Read More
Amazon.com Inc. is being added to the Dow Jones Industrial Average, joining Apple, Walt Disney, Walmart and other companies that make up the 30-stock average.
Read MoreChina’s top securities regulator has limited short-selling, in its latest effort to stem a protracted $6 trillion-dollar stock market rout that began in 2021.
Read More
Since the index hit its latest low in October 2022, seven stocks — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla — have collectively risen more than 110%
Read More
Shares in Boeing fell as much as 8.6% in pre-market trade on Monday, wiping nearly $13 billion off the company’s stock market value, as investors grow worried about damage to its business after a piece of fuselage on a Boeing 737 Max 9 blew out mid-flight.
Read More
Profits rebounded at Warren Buffett’s conglomerate along with the value of its $353 billion stock portfolio in the second quarter to hit $35.9 billion, and many of Berkshire Hathaway’s assorted businesses also performed well, led by strong results in its core insurance businesses, particularly Geico.
Read More
Over the past few weeks investors have been squarely focused on inflation and Fed policy, but now market reactions are getting bigger for earnings.
Read More
