World’s largest sovereign wealth fund posts $110 billion in first quarter profit as tech stocks surge
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Crypto Startups Pull $2.4 Billion in Venture Funding in First Quarter of 2024
Data from Pitchbook shows a 40 percent jump in investments in crypto startups from the last three months of 2023.Inc. - Business -
Trump Media stock falls 10% after posting $327.6 million loss in first quarter
Trump Media, whose majority shareholder is former President Donald Trump, operates the social media app Truth Social and trades under the DJT stock ticker.CNBC - Business - Donald Trump -
Trump Media stock falls 10% after posting $327.6 million loss in first quarter
Shares of Trump Media fell more than 10% on Tuesday, a day after the Truth Social app owner reported a net loss of $327.6 million on just $770,500 in revenue in the first quarter of 2024.NBC News - Top stories - Donald Trump -
$9 billion travel tech firm Navan on track to hit profitability this year and 'not far' from IPO, CEO says
The boss of travel and expense management platform Navan told CNBC he's preparing the company to get its business into shape for an IPO this year.CNBC - Business -
Li Auto forecast rising demand for its vehicles in the second quarter after its first-quarter profit was hurt by a steep rise in expenses.
Li Auto forecast rising demand for its vehicles in the second quarter after its first-quarter profit was hurt by a steep rise in expenses.The Wall Street Journal - World -
Keywords Studios’ stock surges as videogame company mulls improved £2 billion bid from EQT
The Swedish private -quity giant is considering acquiring Keywords Studios for 2,550 pence per share, in what would mark a 73% premium on its closing price Friday.MarketWatch - Business -
Trump Media and Technology Group posts more than $300 million net loss in first public quarter
Trump Media and Technology Group, the owner of social networking site Truth Social, lost more than $300 million last quarterABC News - Tech - Donald Trump -
New York lawmakers push to block hedge funds’ sovereign bond litigation
Bill seeks to stop ‘vulture fund’ investors from winning high payouts through the state’s courtsFinancial Times - Business - New York -
GameStop shares fall 20% after it files to sell additional stock, says first quarter sales dropped
GameStop said it plans to sell securities and reported preliminary results that showed a drop in first-quarter sales.CNBC - Business -
Walmart Stock Hits Record Close on Strong Quarter
The largest U.S. retailer had robust quarterly results and an upbeat outlook, giving insight into how consumers are weathering high interest rates.The New York Times - Business -
Fed’s $7.3 trillion balance sheet is worrying the world’s largest asset manager. Here’s why.
Any moves to shorten the Federal Reserve’s asset holdings could potentially trigger a backlash in markets.MarketWatch - Business -
Elon Musk launches Starlink satellite internet service in Indonesia, world's largest archipelago
The billionaire arrived by private jet on the idyllic “island of the gods.”ABC News - Tech - Elon Musk -
How can a child in care cost £281,000 a year? Ask the wealth funds that have councils over a barrel | George Monbiot
Children crying out for stability are paying the highest price for Britain’s chaotic and exploitative residential care. I’m a patron of a small local charity that helps struggling children to rebuild trust and connection. It’s called Sirona ...The Guardian - World -
Chinese social media companies remove posts ‘showing off wealth and worshipping money’
Targeting posts boasting of personal wealth appears to be part of campaign to ‘purify the internet cultural environment’. Chinese social media companies have launched a new crackdown on user content, targeting posts that show off personal wealth ...The Guardian - World -
UL Solutions tops revenue estimates in first quarter as a public company
Profit was flat in the first quarter, but the company is expecting to benefit from the “electrification of everything” trend.MarketWatch - Business -
Trump Media Reports $770,000 in Revenue for First Quarter and Large Losses
The former president’s social media company reported taking in $770,000 in advertising revenue in the first quarter, sharply down from the year-earlier period.The New York Times - Business - Donald Trump -
XPeng Narrows Quarterly Loss on Better Sales, Margins
The Chinese electric-vehicle maker guided for a rise in second-quarter vehicle deliveries after its first-quarter net loss narrowed on higher sales and improved margins.The Wall Street Journal - World -
Macy's tops expectations for the first quarter as luxury and beauty sales shine
Macy’s sales and profits fell during the first quarter as higher costs and other financial challenges had customers pulling back on spendingABC News - Top stories -
Walmart’s stock surges to record after a grand-slam earnings report
Walmart’s stock rallied into record territory Thursday, after the discount retail giant hit a grand slam with its fiscal first-quarter earnings report, boosted by a big jump in e-commerce sales.MarketWatch - Business -
AstraZeneca targets $80 billion in total revenue by 2030 in 'post-Covid era'
Pharmaceutical company AstraZeneca is planning to increase its total revenue by 75% and release 20 new medicines by 2030, including cancer treatments.CNBC - Business -
Budget airline Ryanair posts record annual profit as passenger numbers soar above pre-Covid level
Dublin-based Ryanair said full-year profit after tax jumped 34% and announced a 700-million-euro share buyback program.CNBC - Business -
Amazon, Meta back Scale AI in $1 billion funding deal that values firm at $14 billion
Scale AI has raised $1 billion in a Series F funding round that values the enterprise tech company at $13.8 billion — almost double its last reported valuation.CNBC - Business -
Amazon, Meta back Scale AI in $1 billion funding deal that values firm at $14 billion
Artificial intelligence startup Scale AI said Tuesday that it has raised $1 billion in a Series F funding round that values the enterprise tech company at $13.8 billion — almost double its last reported valuation.NBC News - Top stories -
Greenlight Capital’s clash with a former employee has captivated the hedge-fund world
James Fishback, 29, says he was employed as Head of Macro at Greenlight Capital. The New York hedge fund says that position never existed.MarketWatch - Business -
Grayscale CEO Michael Sonnenshein stepped down after a decadelong career helping to build the company into the world's largest crypto asset manager.
Grayscale CEO Michael Sonnenshein stepped down after a decadelong career helping to build the company into the world’s largest crypto asset manager.The Wall Street Journal - World -
What the fund flow data tell us about the stock and bond markets
Many investors are surprised to learn that there is an inverse relationship between fund flows and performance.MarketWatch - Business -
GameStop’s stock slides premarket after company issues profit warning, files to issue more shares
GameStop Corp.’s stock fell 19% early Friday, after the videogame retailer and key meme stock issued a profit and sales warning for the first quarter and filed to sell new shares.MarketWatch - Business -
Norwegian Cruise’s stock rises as profit outlook raised for 2nd time in 3 weeks
Norwegian Cruise Line’s stock rallied Monday, after the cruise operator raised its full-year profit outlook, again, citing continued “very strong demand.”MarketWatch - Business -
Why the post-Fed stock-market rally is raising fresh inflation questions
The issue is whether Fed Chair Jerome Powell’s post-meeting remarks on May 1 — in which he said the central bank’s next move is “unlikely” to be a rate hike — are now easing financial conditions by so much that this ends up stalling progress on ...MarketWatch - Business -
Trump’s Reported Fund-Raising Tops Biden’s for First Time
The pace of giving to Donald Trump’s campaign and the Republican Party picked up in April, according to his advisers. But President Biden still has far more cash on hand.The New York Times - Top stories - Joe Biden -
The Bezos Earth fund has pumped billions into climate and nature projects. So why are experts uneasy?
Jeff Bezos’s $10bn climate and biodiversity fund has garnered glittering prizes, but concerns have been voiced over the influence it can buy – and its interest in carbon offsets. Late last month, the coronation of Jeff Bezos and his partner Lauren ...The Guardian - World - Climate -
Pacers score 39 points in first quarter vs. Knicks to set a Game 7 record
The Indiana Pacers scored 39 points in the first quarter Sunday against the New York Knicks, the most in a Game 7 since detailed play-by-play began being kept in 1997ABC News - Sports - NBA -
Trump Media had less than $1 million in revenue during the first quarter
The revenue total came largely from advertising, the Truth Social parent said.MarketWatch - Business - Donald Trump -
Trump Media says it booked less than $1 million in first-quarter sales
Trump Media posted a loss of $327.6 million in the first quarter because of a financial transaction.CBS News - Top stories - Donald Trump -
DJT: Trump Media reports $770,500 revenue for first quarter, net loss of $327.6 million
Trump Media, the parent company of Donald Trump's Truth Social, debuted on the Nasdaq stock exchange in March.CNBC - Business - Donald Trump -
Trump Media lost $327.6 million in the first quarter of the year on revenue of just $770,500
Trump Media & Technology Group, the parent company of Donald Trump’s Truth Social platform, disclosed a net loss of $327.6 million in the first quarter of the year, with total revenue at $770,500, according to its earnings report, filed Monday ...NBC News - Top stories - Donald Trump -
How to own Big Tech and stay diversified, plus learning more about stock buybacks
Yes, it's possible to have a diversified portfolio with three mega-cap stocks in your top five.CNBC - Business -
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Cubs' Shota Imanaga on torrid pace in MLB career while posting historic ERA over his first nine starts
The 30-year-old rookie threw seven scoreless vs. the Pirates on SaturdayCBS Sports - Sports - MLB -
Our adviser put 50% of our holdings in individual stocks, but now we fear a big tax hit by switching to index funds
Changing investment strategies midstream can lead to significant capital gains when you sell.MarketWatch - Business