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Third Point’s Dan Loeb says he’s sold out of nearly all of his ‘Magnificent 7’ holdings
Third Point’s Dan Loeb revealed that he has dumped almost all of his positions in the so-called Magnificent 7 stocks after their huge run-up that’s been dented this year from the stock market tariff turmoil. “What we have done in the last few months is number one shifted away from those easy sale candidates of […]
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Stocks making the biggest moves premarket: GE Aerospace, Amazon, 3M and more
Check out the companies making headlines before the bell. GE Aerospace — The stock moved more than 4% higher after GE Aerospace reported adjusted earnings of $1.49 per share, topping the $1.27 per share anticipated by analysts polled by LSEG. Revenue, however, came in just shy of expectations. Hertz Global Holdings — Shares fell almost […]
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Inside the $1 billion berry startup backed by Ray Dalio’s family office
Sales of Fruitist’s jumbo blueberries have tripled over the last 12 months, according to the company. Source: Fruitist Berry unicorn startup Fruitist has surpassed $400 million in annual sales, thanks to the success of its long-lasting jumbo blueberries. The company, which was founded in 2012, announced on Tuesday that it is changing its name from […]
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Google says DOJ’s proposal for breakup would harm U.S. in ‘global race with China’
CEO of Alphabet and Google Sundar Pichai meets Polish Prime Minister at the Chancellery in Warsaw, Poland on March 29, 2022. Mateusz Wlodarczyk | Nurphoto | Getty Images As Google heads back to the courtroom Monday, the company is arguing that the U.S. needs the company in its full form to take on chief adversary […]
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Amazon has paused some data center lease commitments, Wells Fargo says
Amazon CEO Andy Jassy speaks at a company event in New York on Feb. 26, 2025. Amazon has rebooted Alexa with artificial intelligence, marking the biggest overhaul of the voice-activated assistant since its introduction over a decade ago. Michael Nagle/Bloomberg via Getty Images Michael Nagle | Bloomberg | Getty Images Amazon has delayed some commitments […]
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FTC sues Uber, says company charged for Uber One without consent
Travelers walk past a sign pointing toward the Uber rideshare vehicle pickup area at Los Angeles International Airport (LAX) on February 8, 2023 in Los Angeles, California. Mario Tama | Getty Images The Federal Trade Commission on Monday sued Uber, accusing the ride-hailing and delivery company of deceptive billing and cancellation practices tied to its […]
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Stocks making the biggest moves midday: Hertz, Nvidia, Amazon, Apple and more
Check out the companies making headlines in midday trading: Hertz — The rental car company dropped 6.4% after the stock rallied 112% after Bill Ackman revealed a big investment . Pershing Square has taken a 19.8% stake in Hertz with outright share ownership and total return swaps. Ackman believes Hertz is “uniquely well-positioned” in President […]
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The biggest questions facing Big Tech ahead of earnings
Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the inauguration of Donald J. Trump in the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025. Trump takes office for his second term as the 47th president of the U.S. Julia Demaree Nikhinson | Getty Images As tech’s megacap […]
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Stocks making the biggest moves premarket: Tesla, Apple, Amazon, Spotify and more
Check out the companies making headlines in premarket trading. Tesla — The electric vehicle company pulled back more than 4% after Barclays cut its price target on Tesla, citing “confusing” visibility into first-quarter earnings. Netflix — The streaming giant’s stock added 2% following the company’s first-quarter earnings and revenue beat. Netflix also said it sees […]
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These are the 4 biggest things we’re watching in the stock market in the week ahead
The stock market heads into Monday on a streak of volatility it just can’t seem to shake. What had been shaping up as a positive holiday-shortened week turned on a dime Wednesday when Federal Reserve Chairman Jerome Powell signaled concern that President Donald Trump ‘s tariffs could increase inflation and slow economic growth. Speaking at […]
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