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Cathie Wood dumps Nvidia stock ahead of results

Is Cathie Wood fearing more bad news from Nvidia? Wood’s ARK Invest funds trimmed their stake in Nvidia NVDA, +0.86% ahead of the graphics chipmaker’s results. Nvidia has already warned on second-quarter results, so the real question is the degree of caution it employs about the rest of the year. Related: Nvidia is a data-center …

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Pfizer and BioNTech say data show COVID vaccine has more than 70% efficacy in small children, with cases now rising in just 7 states

Pfizer and German partner BioNTech on Tuesday offered updated COVID vaccine data supporting efficacy in children 6 months to 4 years old. The companies PFE, -1.88% BNTX, -0.14% said updated analysis from 34 cases occurring at least seven days after a three-dose regimen showed 73.2% vaccine efficacy among children in that age group. The vaccine …

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Zoom is struggling to convince consumers to pay, and the stock is sliding

Zoom Video Communications Inc. is struggling to convince people to pay for its videoconferencing service in the third year of the COVID-19 pandemic, contributing to a trimmed forecast and falling stock price Monday. ZoomZM, -2.07% executives reduced their earnings and revenue guidance for the fiscal year Monday afternoon, and Zoom Chief Financial Officer Kelly Steckelberg …

Zoom is struggling to convince consumers to pay, and the stock is sliding Read More »

Apple users should update Zoom — and beware fake Coinbase job postings

Bad apples have given iPhone, Mac and iPad users more reasons to worry. Apple AAPL, -1.51% shared two security reports this week warning about serious vulnerabilities in some of its devices, which could allow attackers to take complete control of iPhones, iPads and Macs. Users were advised to update the affected devices, which include: the …

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US stocks open lower as traders brace for volatility amid monthly options expiration

US stocks traded lower on Friday as more than $2 trillion equity-linked options expired, while investors digested more hawkish commentary out of the Federal Reserve. How are stock-index futures trading? The Dow Jones Industrial Average DJIA, -0.67% fell 265 points, or 0.8%, to 33,729. The S&P 500 SPX, -1.06% dropped 48 points, or 1.1%, to …

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Here’s what a leading bull and bear are saying comes next as markets stall

The stock market has all but stalled this week. The S&P 500’s 200-day moving average has seemingly morphed from magnet to resistor. It’s the summer: NYSE composite volume was the lowest of the year on Thursday, according to Dow Jones data. Still, bulls mustn’t complain, the Wall Street benchmark sits just shy of a four-month …

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This contrarian investor gave a timely warning for the last big tech top. He now sees the biggest drop of this bear market dead ahead.

When can we truly say goodbye to this bear market? While Bank of America’s global fund managers are no longer “apocalyptically bearish,” some on Wall Street remain wary. add our call of the day to that last batch. It comes from True Contrarian blog and newsletter’s chief executive, Steven Jon Kaplan, who sees investors mired …

This contrarian investor gave a timely warning for the last big tech top. He now sees the biggest drop of this bear market dead ahead. Read More »

Buffett and Berkshire added big to their bets on Ally, Occidental, Paramount and Activision. But these other 6 stocks also got a vote of confidence.

Warren Buffett’s Berkshire Hathaway Inc. added to nine stock holdings during the second quarter, reduced holdings of four and sold two outright. That’s according to Berkshire Hathaway’s BRK most recent 13F filing with the Securities and Exchange Commission. The company held 45 stocks with a combined market value of $330.1 billion as of June 30. …

Buffett and Berkshire added big to their bets on Ally, Occidental, Paramount and Activision. But these other 6 stocks also got a vote of confidence. Read More »

‘Serenity Now’: Hedge fund managed by Michael Burry of ‘The Big Short’ fame dumps stocks including Apple and Alphabet, adds GEO Group

Michael Burry, the investor who rose to fame after correctly predicting the US market’s meltdown during the 2008-2009 financial crisis, liquidated almost his entire equity portfolio during the second quarter, according to a regulatory filing for his Scion Asset Management hedge fund. Scion exited its positions in 12 equities, including Alphabet Inc. GOOGL, +0.03%, Apple …

‘Serenity Now’: Hedge fund managed by Michael Burry of ‘The Big Short’ fame dumps stocks including Apple and Alphabet, adds GEO Group Read More »

US producer prices downshift for first time since 2020 recession

The numbers: The US producer price index fell 0.5% in July, the Labor Department said Thursday. That’s down from a 1.0% jump in June and the first negative monthly print since April 2020. Economists polled by The Wall Street Journal had forecast a 0.2% advance. The core producer price index, which excludes volatile food and …

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