Mastercard’s Chief Marketing Officer, Venkata R. Madabhushi, recently sold a significant number of shares in the company, worth over $2.3 million. While this move might raise some eyebrows among investors, the sale was conducted under …
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Tesco to Repurchase Shares Worth $515 Million in Second Tranche of Buyback Program
Tesco, Britain’s largest supermarket group, announced on Monday that it would continue its share buyback program with a second tranche of repurchases worth up to £400 million (approximately $515 million). The previous tranche, which bought …
Continue readingTrump’s Return Could Boost US Rail Stocks: Wells Fargo
Wells Fargo analysts believe a potential return of former President Donald Trump to the White House could significantly benefit US rail stocks. The bank highlights that Trump’s economic and trade policies, which previously fueled transportation …
Continue readingBerkshire Hathaway Sells $1.48 Billion Bank of America Shares
Berkshire Hathaway, the investment conglomerate led by Warren Buffett, has sold approximately 33.9 million shares of Bank of America this week, generating roughly $1.48 billion in proceeds. This move follows a series of transactions and …
Continue readingBerkshire Hathaway Shares Hit Record High, Reflecting Investor Confidence
Berkshire Hathaway’s share price surged to a record high on Monday, driven by investor confidence in Warren Buffett’s company. The price of Berkshire’s Class A shares climbed 1.5% to $649,000, surpassing the previous record of …
Continue readingWall Street Surges on Rate Cut Bets, Strong Earnings Outlook
Wall Street closed higher this week, buoyed by investor bets on an imminent Federal Reserve rate cut and strong second-quarter earnings expectations. The S&P 500 gained 0.9% for the week, the Nasdaq rose 0.2%, and …
Continue readingMicroStrategy Announces 10-for-1 Stock Split, Sending Shares Up
MicroStrategy, a software firm renowned for its significant Bitcoin holdings, has announced a 10-for-1 stock split for both its Class A and Class B common stock. The decision, approved by the company’s board of directors, …
Continue readingSouth African Rand Strengthens as Dollar Weakens on Rate Cut Hopes
The South African Rand continued its upward trend against the US dollar on Friday, fueled by expectations of interest rate cuts by the Federal Reserve later this year. The Rand traded at 18.2250 against the …
Continue readingKoss Stock Soars 25% on Speculation of “Roaring Kitty” Interest
Shares of headphone maker Koss Corp. (KOSS.O) surged for the second consecutive day on Friday, closing at $13.35 a share after trading as high as $18.50 earlier in the day. This surge was fueled by …
Continue readingAI Stock Frenzy: Nvidia Downgraded, Pure Storage Slumps, Dell Gets a Boost
The AI sector is witnessing a rollercoaster of stock activity as analysts assess the impact of the burgeoning technology on various companies. Nvidia, the leading GPU maker, received a downgrade from New Street Research, citing …
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