Factiva Filters

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, …

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

FTX bankruptcy is ‘somebody running a company that’s just dumb-as-f—ing greedy,’ says Mark Cuban

Billionaire tech entrepreneur and Dallas Mavericks owner Mark Cuban has offered his perspective on the implosion of crypto platform FTX late this week. “‘That’s somebody running a company that’s just dumb-as-fucking greedy.’” — Mark Cuban Cuban, speaking on Friday at a conference in Washington, D.C., hosted by Sports Business Journal, shared the view that avarice …

FTX bankruptcy is ‘somebody running a company that’s just dumb-as-f—ing greedy,’ says Mark Cuban Read More »

Stocks Surged on an Inflation Reading. But the Bear Market Isn’t Over.

Investors finally got the inflation reading they were looking for, and are likely to get a split government for the next two years. That combination propelled stocks to their best weekly showing since June. On Friday, the S&P 500 even briefly crossed the 4,000 threshold, a level it hadn’t breached in two months. The S&P …

Stocks Surged on an Inflation Reading. But the Bear Market Isn’t Over. Read More »

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 …

FTX collapse nothing like Theranos, says Tim Draper Read More »

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 …

Stocks Rallied Dramatically. It’s Still a Bear Market Read More »

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 …

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

Alibaba, Nio, Tencent, and Other Chinese Stocks Are Rallying

Chinese stocks rallied on Monday as investors continued to be optimistic that coronavirus rules would be eased, despite repeated messages from authorities that China would stay the course on “zero Covid” policies. Major U.S.-listed Chinese stocks were higher in premarket trading, with Alibaba (ticker: BABA) rising 1.5%, JD.com (JD) 2% in the green, Tencent (700.HongKong) …

Alibaba, Nio, Tencent, and Other Chinese Stocks Are Rallying Read More »

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 …

Frackers Say Oil Production Slowing in the Shale Patch Read More »