Corporate/Industrial News

Largest U.S. Pension Buys Up Apple, Intel, Microsoft, and GE Stock

America’s largest public pension fund by assets increased positions in some of its largest stock investments in the third quarter. California Public Employees’ Retirement System bought more shares of Apple (ticker: AAPL), Intel ( INTC ), Microsoft (MSFT), and General Electric ( GE ) stock. Calpers, as the pension is known, disclosed the stock trades, …

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FTX collapse nothing like Theranos, says Tim Draper

Tim Draper, founder and managing partner of Draper Associates and Draper University, balked at comparing the stunning implosion of crypto trading platform FTX to the notorious biotech startup Theranos, in a conversation with MarketWatch. “It’s not like Theranos,” he said. In a Friday phone interview, Draper said he hadn’t been aware of anyone genuinely comparing …

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Stocks Rallied Dramatically. It’s Still a Bear Market

This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. Bear-Market Rallies Technical Strategy BTIGNov. 11: Thursday was another day for the record books. The S&P 500 had its first daily gain of more than 5% since 2020, and its biggest outperformance vs. the Dow …

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Binance Walks Away From Deal to Buy FTX

Crypto exchange Binance reversed course on a rescue offer for FTX, leaving the second-largest crypto exchange with an uncertain future. Binance chose not to go ahead with the acquisition following a review of the company’s finances, the exchange said.

How major crypto tokens are reacting after Binance’s intent to acquire FTX

Most crypto prices jumped Tuesday on news that Binance, the largest crypto exchange in the world, has signed a letter of intent to acquire rival FTX, but prices are still mostly lower than on Monday. Sam Bankman-Fried, chief executive and founder of FTX Sam Bankman-Fried tweeted on Tuesday that the exchange has entered into a …

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Frackers Say Oil Production Slowing in the Shale Patch

Despite an extended streak of strong profits, shale companies are slowing their oil-field activity, keeping U.S. oil production roughly flat and offering little relief for tight global markets. What was expected to be a banner year for U.S. oil production has failed to materialize as creeping inflation-related costs, supply-chain snarls and disappointing well performance for …

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Apple and Google stocks just had their worst week in more than two years

Shares of Apple Inc. and Alphabet Inc. both suffered their largest weekly declines since the beginning days of the pandemic this week, as Big Tech companies continued to draw closer scrutiny from Wall Street. Apple’s stock AAPL, -0.19% finished down 11.2% on the week, its worst weekly performance since the week that ended March 20, …

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Atlassian stock drops 23% after earnings, potentially wiping away more than $10 billion in valuation

Atlassian Corp. shares dropped in the extended session Thursday after the business-collaboration software company’s earnings and revenue outlook fell short of Wall Street expectations as executives saw signs of economic weakness taking hold. Atlassian TEAM, +1.03% shares plummeted 23% after hours, following a 1% rise in the regular session to close at $174.17. The company …

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