US stocks fell on Wednesday as oil prices climbed above $100 a barrel, raising concerns about inflation and the Federal Reserve’s interest-rate path. The Dow Jones Industrial Average fell 288 points while the S&P 500 declined 0.25%. The Nasdaq Composite shed 0.42%. Oil prices fuel inflation concerns Brent crude rose more than 2% to break
Ray Dalio, the billionaire founder of Bridgewater Associates, is known for many things in the financial industry, including starting one of the biggest hedge funds in the world. He is also known for the All Weather Fund, which aims to do well in all markets. This article explores whether the State Street Bridgewater All Weather
One of Wall Street’s most dependable buyers is about to become less active. More than $1.1 trillion of announced corporate buyback authorisations had moved back into open repurchase windows through late August, helping support US equities during the summer rebound. But that support is set to thin as companies enter pre-earnings blackout periods ahead of
Anthropic, the giant company in the artificial intelligence (AI) space, is planning to launch the biggest IPO in the coming weeks. As this happens, more details, including banker selection and prospectus release date are coming out. Goldman Sachs and Morgan Stanley scoop major roles One of the closely-watched move whenever a company as large as
Earlier this year, a fear psychosis had gripped investors that advances in AI would replace software firms, and the sector was all but written off. Anthropic’s launch of new plugins for its Claude Cowork system in February sparked a global selloff in software firms, with the US markets alone losing $300 billion in market value
AMC Entertainment AMC shares rose about 7% in trading on Friday after CEO Adam Aron sharply criticized Robinhood Markets’ efforts to offer tokenized real-world assets, including tokens linked to AMC stock. Aron warned Robinhood CEO Vlad Tenev that the cinema chain could pursue legal action if the fintech company does not stop trading what AMC
US stocks opened higher on Thursday even as investors assessed mixed corporate earnings, rising oil prices and renewed tensions between the United States and Iran. The Dow Jones Industrial Average climbed 392 points. The S&P 500 gained 0.53% while the Nasdaq Composite was up 0.63%. Investors remained focused on developments in the Middle East as
MongoDB stock MDB fell sharply on Wednesday after the database software company reported second-quarter results that beat expectations but failed to deliver the faster Atlas growth investors had anticipated. Shares were down 13% in trading at $375.72 after closing Tuesday down 4% ahead of the earnings release. The selloff came despite 30% year-over-year revenue growth,
Amazon shares came under pressure on Tuesday as investors weighed a new antitrust lawsuit from US regulators against the company’s growing advertising business, while broader market weakness added to the selling pressure. Amazon AMZN stock was down nearly 1.8% in trading, extending Monday’s decline after the Federal Trade Commission and 22 US states sued the
Bank of America’s equity research desk has singled out a handful of stocks it expects to outperform as markets move into September. The picks skip any single macro narrative, spanning live entertainment, semiconductor equipment, household products, and luxury apparel. And each of the three stocks the BofA has named are built on something specific to