Dow Jones Rises After Jobless Claims; Tesla Slides To New Low On Downgrade
Stock Market Today: The Dow Jones rose Thursday after initial unemployment claims. And Tesla stock hit a new low on a downgrade.
European shipping firms Maersk and Hapag-Lloyd are unlikely to get a big boost from soaring freight rates due to the Red Sea crisis in the first quarter, reinforcing worries about overcapacity in the long run. Spot freight rates tripled to almost $3,500 a container after vessels began avoiding the Red Sea due to attacks by Houthi militants, the Freightos Baltic Index showed. That compares to the pandemic peak of $13,559, at a time when shippers ordered new vessels in a move that later caused overcapacity, according to Stifel analyst Marc Zeck.
Management is taking action, signaling it believes its shares are significantly undervalued.
Bill Gates, the co-founder of Microsoft Corp. and a renowned philanthropist, has been slipping down the ranks of the world’s billionaires. Despite boasting a net worth of nearly $128 billion, Gates is at No. 9 on the Forbes Billionaire Index, a significant drop from his previous position at No. 7 a month ago. This marks his lowest ranking since 1990 when he ranked 16th. Gates has been recognized not only for his immense wealth but also for his environmental advocacy, which makes his ownership of
Paramount shares were up about 6% after The Wall Street Journal reported that Sony Pictures and private-equity giant Apollo Global submitted a $26 billion all-cash offer for the company. Read more here.
These potential stock-split stocks could help patient investors turn a profit in the market.
AMD's new MI300X processor is expected to challenge Nvidia's AI market dominance.
SoFi stock is down close to 30% this year.
(Bloomberg) -- Bill Gross, who pioneered the “total return” strategy in the 1980s that revolutionized the bond market, says the approach is now defunct. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineUS and Saudis Near Defense Pact Meant to Reshape Middle EastBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaHuawei Secretly Backs US Research, Awarding Millions in PrizesTurkey Halts All Trade With Israel Over War in GazaInstead of just picking up s
(Bloomberg) -- A company tied to Intel Corp.’s expansion of computer chip factories in Arizona is selling $3.85 billion of investment-grade bonds on Thursday. Most Read from BloombergSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineUS and Saudis Near Defense Pact Meant to Reshape Middle EastBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaHuawei Secretly Backs US Research, Awarding Millions in PrizesTurkey Halts All Trade With Israel Over War in GazaFoundry JV Holdco is s
New York Community's (NYCB) Q1 results reflect the impacts of a rise in provisions for credit losses and expenses. A fall in fee income and a lower deposit balance also affect its performance.