Category: fox-business/markets/stocks

Stuart Varney: BP exec’s husband guilty of insider trading after eavesdropping on wife’s merger deal

During his “My Take,” Monday, “Varney & Co.” host Stuart Varney discussed the story of Tyler Loudon, a Houston man who made $1.7 million from insider trading after listening in on his wife’s work-from-home calls while she was handling a potential acquisition. STUART VARNEY: This is a story of bad judgment, insider trading, and eventually divorce. Tyler Loudon worked from home in Houston. BP MANAGER’S…

Walmart’s 3-for-1 stock split: What to know

Walmart’s three-for-one stock split is effective Monday, easing the barrier for employees and investors to buy shares.  The world’s biggest retailer and the largest U.S. employer said the stock split is part of its “ongoing review of optimal trading and spread levels and its desire for its associates to feel that purchasing shares is easily within reach.”  Walmart CEO Doug McMillon said in a statement…

Nvidia nabs $2T valuation, S&P and Dow hit records with Nasdaq close behind

Nvidia has investors cheering the AI boom, which in turn is helping U.S. stocks rise to fresh record highs.  The S&P 500 and Dow Jones Industrial Average hit new records on Friday while the Nasdaq Composite is just shy of its all-time high.  The tech-heavy Nasdaq is looking at its first record close since November 2021 and needs to finish at 16,057.44 to hit that level. …

Walmart to acquire Vizio for $2.3B, sales outlook, dividend lift shares

Walmart forecast fiscal 2025 sales above Wall Street expectations on Tuesday and said it would buy smart-TV maker Vizio for $2.3 billion. Shares in the U.S. retail giant rose 3% in premarket trading after it also announced its biggest dividend increase in more than a decade. Walmart proposed to buy Vizio for $11.50 per share, a premium of 47% to the company’s closing price of…

First Paramount, now Apple. Warren Buffett’s Berkshire sells shares of tech giant

Berkshire Hathaway dumped a small portion of its Apple shares. That selloff, which involved just over 10 million shares, accompanied the Warren Buffett-helmed conglomerate shrinking its holdings in Paramount Global by 32% and making other portfolio adjustments in the fourth quarter. Even with the cut, Berkshire Hathaway’s stake in Apple, at over 905.5 million shares, remained massive, a Wednesday filing with the Securities and Exchange…

Dow plunge accelerates, on pace for worst day of 2024

U.S. stocks tumbled in a broad sell-off after a hotter-than-expected inflation report may jeopardize the Federal Reserve’s plan to cut interest rates. The Dow Jones Industrial Average fell more than 600 points during intraday trading, or 1.7%, and is on pace for the worst session in 11 months.  The benchmark has erased almost half its gains for 2024 with the 10-year Treasury yield nearing 4.3%. …

Google parent Alphabet sees AI investment providing long-term opportunities

For Google and other tech titans, the rise of artificial intelligence remains a big focus for investors as the emerging technology reshapes the tech landscape, transforming the business of search, cloud and advertising, but it also comes with a cost.  Shares of Google parent Alphabet fell more than 7% on Wednesday, a day after the company reported quarterly results. Despite beating expectations on many key…

GM upbeat on 2024, betting on a ‘resilient’ US economy

General Motors on Tuesday reported lower pre-tax profit for the fourth quarter but gave investors an upbeat outlook for 2024 and signaled more capital could be returned to shareholders. “Consensus is growing that the U.S. economy, the job market and auto sales will continue to be resilient,” GM Chief Executive Mary Barra told investors in a letter. In contrast, Tesla Chief Executive Elon Musk cautioned…

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