Why the stock market’s record-breaking run could spell bad news for investors in 2025
The stock market’s record-breaking streak this year may be a sign that investors need to turn cautious, according to strategists at Ned Davis Research. In a note on Monday, the research firm pointed to the S&P 500’s record-breaking run so far in 2024, with the benchmark index notching 54 all-time closing highs since January. Investors…
Delaware judge strikes down Elon Musk’s Tesla pay package for 2nd time
A Delaware judge once shot down Elon Musk’s pay package after it was voted on by Tesla investors a second time. A Delaware judge has once again slapped down Elon Musk’s pay package from Tesla. “The large and talented group of defense firms got creative with the ratification argument, but their unprecedented theories go against…
Samsung, Jeff Bezos back Nvidia rival Tenstorrent in startup chipmaker’s nearly $700 million funding round
Tenstorrent, a startup computing company, just closed its latest funding round. In its latest funding round, Tenstorrent, a startup computing company that builds powerful AI hardware and software to compete with Nvidia, attracted big-name investors — including Jeff Bezos and Samsung. A company statement released Monday said its Series D funding round raised $693 million,…
A potential SpaceX deal would boost the value of Elon Musk’s company to $350 billion
Elon Musk’s SpaceX is in talks on a deal that could value it at $350 billion. It looks like Elon Musk’s space transportation company may have doubled its value in only a year. SpaceX is currently in talks to sell insider shares in a deal that would value the private company at around $350 billion,…
Elon Musk briefly dropped OpenAI lawsuit after a chat and a hug with Sam Altman in March: report
Elon Musk and Sam Altman shared a hug after speaking to one another in March, The Wall Street Journal reported on Sunday. Elon Musk briefly withdrew his lawsuit against OpenAI in June after he had a conversation with Sam Altman in March, The Wall Street Journal reported on Sunday. Musk and Altman met at the…
Here’s why a Netflix price hike could be coming soon
Jake Paul beat Mike Tyson in their highly anticipated boxing match on Netflix. Netflix’s subscriber gains from its password-sharing crackdown could be waning, and some on Wall Street think it’ll raise prices soon to keep its growth going. New survey data from Evercore ISI just added fuel to the theory. Its quarterly survey of Netflix…
S&P 500 positioning is ‘completely one-sided’ as bears give up and bullish sentiment soars, Citi says
The Charging Bull, or Wall Street Bull, is an icon of the stock market in Manhattan. Bullish stock positioning is at records as the bears throw in the towel and optimism fuels a record-setting rally in US stocks. Citi strategists said the S&P 500’s positioning is “completely one-sided,” hitting news records as the bears give…
5 charts show stock market valuations are stretched to historical extremes
The stock market has been on a tear this year, with the S&P 500 surging 27% and minting more than 50 record closing highs. Interest rate cuts by the Federal Reserve, strong corporate earnings, and a Trump election win have all helped push stock prices to new records. With those massive gains have come soaring…
One area of the stock market is poised for gains as investors pile into the ‘old economy,’ Bank of America’s top US stock strategist says
Investors are looking forward to a strong year ahead for the broader stock market, but Bank of America’s top US stock strategist says one sector could see a perfect mix of conditions for strong gains. Savita Subramanian, BofA’s head of US equity strategy, foresees the perfect conditions aligning for cyclical stocks, referring to a handful…
