Most stocks slump
Digest more
It turned out that the owner was the Rausing family, which hails from Sweden and made a fortune from Tetra Pak cartons. It’s now also clear that the stake was one of the first public disclosures about how the media-shy clan deploys its billions.
Equity market strength was mostly in tech, after AI darling and chipmaker Nvidia said overnight it plans to resume sales of its H20 AI chips to China. Hong Kong's tech index got the ball rolling with a 2.8% rise, and tech was the only sector on the S&P 500 to close in the green.
Bank stocks fell Tuesday morning, despite strong earning results from some of the nation's largest banks. Shares of JPMorgan Chase and Wells Fargo were down 0.73% and 4.77%, respectively. Bank of New York Mellon's stock fell 1.
Beyond Tesla and Waymo, the real winners in autonomous vehicles could be the semiconductor, sensor, and software companies.
Buffett and Berkshire Hathaway’s managers may like Amazon for a reason they themselves haven’t even yet fully realized. You probably already know that Warren Buffett's favorite holding period for Berkshire Hathaway's stock picks is "forever.
Explore more
Thanks to the widespread availability of fractional shares, you don't need a lot of upfront cash to get started with investing.
The underperformance of small caps and discretionary stocks is not a reason for investors to reduce exposure in U.S. equities, says SentimenTrader.
European stocks ticked up on Tuesday after US President Donald Trump indicated he is open to more trade negotiations with the European Union and Nvidia Corp. said it planned to resume sales of its H20 AI chip to China after securing Washington’s backing.
The pandemic ushered in a dangerous new era for the restaurant industry, and not all players are positioned to prosper, according to a Monday report from Melius Research.
Crypto short interest declined for the third straight month in June. The majority of the crypto stocks saw a decrease in short interest in the month with only Coinbase Global (NASDAQ:COIN) and Core Scientific (NASDAQ:CORZ) seeing a slight uptick.