Markets

Billionaire Mark Cuban says his 11-year-old son made money with WallStreetBets traders — and he ‘loves’ what’s going on with the Reddit forum

Mark Cuban’s 11-year-old-son made money trading with the WallStreetBets forum, the billionaire said. The subreddit went private for an hour on Wednesday after a deluge of new participants joined the group. The SEC said it is monitoring ongoing market volatility amid a surge in GameStop and other stocks. Sign up […]
Billionaire Mark Cuban says his 11-year-old son made money with WallStreetBets traders — and he ‘loves’ what’s going on with the Reddit forum
Markets

Warren Buffett-backed acquisition deal spurs 74% surge in E.W. Scripps

Warren Buffett’s Berkshire Hathaway will make a $US600 million preferred equity investment in E.W. Scripps to help finance the television network company’s acquisition of ION Media. A combination of E.W. Scripps and ION Media will create a national TV network business that will reach more than 100 million households via […]
Warren Buffett-backed acquisition deal spurs 74% surge in E.W. Scripps
Markets

US stocks climb on strong earnings reports and vaccine progress

US stocks rose on Wednesday amid strong earnings and progress on a COVID-19 vaccine. Nike shares surged, helping lift the Dow Jones industrial average, after the company smashed revenue and profit expectations. Johnson & Johnson said it started its phase 3 trial of a COVID-19 vaccine candidate, and plans to […]
US stocks climb on strong earnings reports and vaccine progress
Markets

Tesla slides 7% as investors await Battery Day presentation

Tesla slid 7% on Tuesday as investors await the company’s closely watched Battery Day. The Battery Day presentation, which is scheduled to take place at 4:30 p.m. ET on Tuesday, is expected to highlight upcoming battery innovations that Tesla is working on. Goldman Sachs highlighted in a note last week […]
Tesla slides 7% as investors await Battery Day presentation
Markets

Month-end portfolio trades should be a tailwind for stocks next week, JPMorgan says

The upcoming month-end rebalancing of fixed-weight asset allocation portfolios should help stocks next week, according to a note from JPMorgan. Given that bonds have significantly outperformed stocks month-to-date, expect many portfolios that rebalance monthly to sell bonds and buy stocks to bring their allocations back to target, according to the […]
Month-end portfolio trades should be a tailwind for stocks next week, JPMorgan says
Markets

Dow tumbles 510 points amid bombshell bank report, virus fears

Stocks fell on Monday lower amid rising fears of a COVID-19 resurgence of COVID-19 and an investigative report focused on large banks. Major indexes pared losses in late trading. The Dow Jones industrial average slid 510 points after plummeting as much as 942 points earlier in the session. Healthcare stocks […]
Dow tumbles 510 points amid bombshell bank report, virus fears
Markets

The stock market is ‘dangerous’ now — but 4 reasons should drive investors to take advantage of a huge buying opportunity, Fundstrat’s Tom Lee says

“I think the market is dangerous now,” Tom Lee said in an interview with CNBC’s Scott Wapner on Monday, pointing to the uncertainty in Washington, D.C., heading into the upcoming November election and a potential violent rotation out of tech stocks and into cyclicals. But long-term investors need not worry, […]
The stock market is ‘dangerous’ now — but 4 reasons should drive investors to take advantage of a huge buying opportunity, Fundstrat’s Tom Lee says
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