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Wall Street

Stock Markets Tapping New Highs Last Week but BTC and ETH Suffer

by Isaac Wright
Stock Markets Tapping New Highs Last Week but BTC and ETH Suffer

The cryptocurrency industry is often described as a risk-on asset class that tends to underperform in times of economic uncertainty. Although the stock market also falls in this category, at …

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Opinion | Why Pinduoduo’s surprise growth may not be good news for China’s economy

by Walter Watson
Opinion | Why Pinduoduo’s surprise growth may not be good news for China’s economy

Last month, Pinduoduo (PDD) reported surprisingly strong first-quarter results, with group revenue reaching 86.81 billion yuan (US$12 billion), exceeding Wall Street analysts’ estimate of 75.66 billion yuan. Net profit also …

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Stocks are in their longest stretch without a 2% sell-off since the financial crisis

by Walter Watson
Stocks are in their longest stretch without a 2% sell-off since the financial crisis

Traders work on the floor of the New York Stock Exchange during morning trading on Jan. 11, 2024. Angela Weiss | Afp | Getty Images Wall Street’s climb to record …

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Warren Buffett buys Occidental shares for 9 straight days, pushes his stake to nearly 29%

by Walter Watson
Warren Buffett buys Occidental shares for 9 straight days, pushes his stake to nearly 29%

Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska, on May 3, 2024. David A. Grogan Warren Buffett’s Berkshire Hathaway has scooped …

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AI hype is supportive of stock valuations, but cracks are emerging elsewhere, warns Schwab’s Sonders

by Walter Watson
AI hype is supportive of stock valuations, but cracks are emerging elsewhere, warns Schwab’s Sonders

Artificial intelligence-related stocks are currently trading at rich valuations after more than a year of investor excitement for the trend. But while fundamental factors around these names are supportive of …

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GME shares drop to session lows after annual meeting fails to offer details on firm’s strategy

by Walter Watson
GME shares drop to session lows after annual meeting fails to offer details on firm’s strategy

Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 12, 2024.  Brendan McDermid | …

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Warren Buffett Berkshire Hathaway trims stake in EV maker BYD to 6.9%

by Walter Watson
Warren Buffett Berkshire Hathaway trims stake in EV maker BYD to 6.9%

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024. CNBC Berkshire Hathaway, an early investor in BYD thanks to the late Charlie …

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Roaring Kitty’s GameStop stake grows to 9 million shares

by Walter Watson
Roaring Kitty’s GameStop stake grows to 9 million shares

Keith Gill, aka Roaring Kitty, hosting a YouTube livestream on June 7th, 2024. Source: Roaring Kitty | YouTube Meme stock champion Keith Gill, known as “Roaring Kitty” online, seemed to …

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How to invest in India, the world’s fastest-growing major economy

by Walter Watson
How to invest in India, the world’s fastest-growing major economy

India has been dubbed the “perfect” emerging market to invest in, but it can be tricky for those outside the country to gain access. CNBC Pro assesses the case for …

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Roaring Kitty has some tough choices to make on his GameStop options

by Walter Watson
Roaring Kitty has some tough choices to make on his GameStop options

Keith Gill, a Reddit user credited with inspiring GameStop’s rally, during a YouTube livestream arranged on a laptop at the New York Stock Exchange on June 7, 2024. Michael Nagle …

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