Activision Stock Falls on Report FTC Might Block Microsoft Deal

Activision Stock Falls on Report FTC Might Block Microsoft Deal

Text size Activision is best known for games including Call of Duty and Candy Crush. Dreamstime Activision Blizzard stock dropped Friday after a Politico report suggested that the Federal Trade Commission will file an antitrust lawsuit to prevent Microsoft ‘s takeover of the videogame maker. An article by Politico, citing three unnamed sources, said the … Read more

‘We let FTX get too big before we started questioning.’ Binance CEO Changpeng Zhao regrets not tweeting about FTX sooner

‘We let FTX get too big before we started questioning.’  Binance CEO Changpeng Zhao regrets not tweeting about FTX sooner

“I actually reflect on the FTX situation and I kind of blame myself for tweeting that too late. As an industry, we let FTX get too big before we started questioning some of those things.“ That was Binance founder Changpeng Zhao speaking to Bloomberg TV on Thursday about the latest developments surrounding failed crypto exchange … Read more

Energy stocks are in a bubble — and here’s when they’re likely to crash

Energy stocks are in a bubble — and here’s when they’re likely to crash

Oil and gas stocks are likely in a market bubble that’s vulnerable to popping. That’s the conclusion when applying a formula from recent academic research into the predictability of stock market bubbles and subsequent crashes. The research, which appeared in the Journal of Financial Economics, was conducted by Robin Greenwood and Andrei Shleifer of Harvard … Read more

They pulled money out of FTX at last minute: ‘Thank God I dodged it twice’

They pulled money out of FTX at last minute: ‘Thank God I dodged it twice’

As the FTX debacle started to unravel last week, a 26-year-old customer of FTX.US who lived in the New York City area faced a thorny dilemma. While he was concerned about the situation that was unfolding, he was hesitant to withdraw his $20,000 worth of holdings from the cryptocurrency platform because he knew it would … Read more

Berkshire Hathaway discloses stakes in TSMC, Jefferies, Louisiana-Pacific, sending those stocks higher

Berkshire Hathaway discloses stakes in TSMC, Jefferies, Louisiana-Pacific, sending those stocks higher

Berkshire Hathaway Inc. added positions in materials manufacturer Louisiana-Pacific Corp., investment bank Jefferies Financial Group and chip manufacturer Taiwan Semiconductor Manufacturing Co. Ltd. during the third quarter, according to a filing released after Monday’s closing bell. The company’s latest 13-F filing revealed a new position in Louisiana-Pacific LPX, -1.80% amounting to nearly 5.8 million shares, … Read more

Alibaba, JD.com, Nio extend rally in Chinese stocks amid continued hope for relaxing COVID rules

Alibaba, JD.com, Nio extend rally in Chinese stocks amid continued hope for relaxing COVID rules

US-listed shares of Chinese internet companies including Alibaba Group Holding Ltd. and Nio Inc. were rallying sharply in premarket trading Friday as hopeful sentiment continued to build over the possibility that the country was planning to relax its strict COVID-19 policies. The Wall Street Journal reported Friday that Zeng Guang, who was formerly the chief … Read more

What the Dow’s stellar October and Big Tech’s ugly rout say about the stock market right now

What the Dow’s stellar October and Big Tech’s ugly rout say about the stock market right now

The past week offered a tale of two markets, with gains for the Dow Jones Industrial Average putting the blue-chip gauge on track for its best October on record while Big Tech heavyweights suffered a shellacking that had market veterans recalling the dot-com bust in the early 2000s. “You have a tug of war,” said … Read more

Apple introduces new iPad and iPad Pro with speed enhancements

Apple introduces new iPad and iPad Pro with speed enhancements

Apple Inc. quietly announced upgrades to two of its iPad models Tuesday, through announcements lacking the fanfare of the company’s recent iPhone 14 debut. Instead of hosting an event to reveal the iPad updates as it did for the iPhone, Apple AAPL, +0.94% simply announced the refreshed devices in a series of press releases. The … Read more

Opinion: The stock market is in trouble. That’s because the bond market is ‘very close to a crash.’

Opinion: The stock market is in trouble.  That’s because the bond market is ‘very close to a crash.’

Don’t assume the worst is over, says investor Larry McDonald. There’s talk of a policy pivot by the Federal Reserve as interest rates rise quickly and stocks keep falling. Both may continue. McDonald, founder of The Bear Traps Report and author of “A Colossal Failure of Common Sense,” which described the 2008 failure of Lehman … Read more

Tesla reports record deliveries, but numbers are still shy of analysts’ targets

Tesla reports record deliveries, but numbers are still shy of analysts’ targets

Tesla Inc. reported record quarterly deliveries on Sunday. but the number still disappointed analysts. Tesla said it produced over 365,000 vehicles in the just-completed third quarter, and made more than 343,000 deliveries. That was a significant rebound from the second quarter, when it reported nearly 259,000 vehicles built and 255,000 deliveries, with production stunted by … Read more