Investing
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EBay soars on report that GameStop is preparing a takeover bid
EBay Inc. jumped more than 13% in after-hours trading on Friday after the Wall Street Journal reported that video-game retailer GameStop Corp. is preparing a bid for the company. GameStop, led by e-commerce entrepreneur Ryan Cohen, has been building a position in the online auctioneer and plans to make an offer for the business this
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Google shares hit all-time high on blowout earnings, market cap doubles to $4.4 trillion in just a year
Google’s transition into the era of artificial intelligence continued to pay off for its corporate parent, Alphabet Inc., which on Wednesday announced another quarter of the stellar growth that helped to more than double its already lofty market value during the past year. Alphabet earned $62.6 billion, or $5.11 per share, during the January-March period,
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Meta just bumped its 2026 capex forecast up to as much as $145 billion for the AI boom—and investors flinched
Meta Platforms is splashing some serious cash on AI infrastructure, and investors have flinched. The company reported first quarter 2026 earnings results on Wednesday and raised its full-year 2026 capital expenditure guidance to $125 billion to $145 billion, up from a previous range of $115 billion to $135 billion. Meta told investors the boost was
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Before Berkshire’s big meeting Saturday, revisit 60 years of Warren Buffett’s best investing tips
This Saturday, Berkshire Hathaway shareholders will descend upon Omaha, Nebraska, for the company’s annual meeting, just as they did for over 60 years before. But for the first time ever, they’ll be doing it withoutWarren Buffett sitting in as company CEO. Though Buffett, 95, will still be in attendance this year, but he’s not set
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Baby boomers have now ‘gobbled up’ nearly one-third of America’s wealth share, and they’re leaving Gen Z and millennials behind
Older Americans may be trading in hustling for retirement, but that hasn’t stopped them from getting richer. Baby boomers now hold a record high of the United States’ wealth, Apollo chief economist Torsten Slok noted in a December blog post, citing Federal Reserve data. Compared to 1989, when those over 70 years old held 19%
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Kalshi and Polymarket are racing to ban insider trading. The economist who built the theory behind prediction markets says it’s the whole point
The walls have started closing in on prediction markets. On Thursday, the Department of Justice announced it was charging a U.S. Army soldierwho helped plan the operation to capture Nicolas Maduro with five felonies, alleging he used classified intelligence to bet $33,000 on Polymarket that the raid would happen, then cashed out roughly $400,000 when
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According to Warren Buffett’s math the stock market is officially in ‘playing with fire’ territory. So when is the next crash coming?
When Warren Buffett gets nervous, you and I should probably be nervous too. The Oracle of Omaha has long held to a simple maxim when it comes to whether the stock market is undervalued, fairly valued, or overvalued. His thesis: The total value of U.S. stocks, over the long term, can’t outpace the growth of
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Ricky Sandler shuttering Eminence Capital after 27-year run
Hedge fund veteran Ricky Sandler is shuttering Eminence Capital and returning cash to investors after a 27-year run. “Over the last few years, it has become increasingly difficult to apply our rigorous bottom-up investment process to rapidly shifting market conditions and an evolving market structure,” Sandler wrote in a letter seen by Bloomberg. “We believe
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American Airlines CEO calls United merger ‘a non-starter’: ‘No way to view that as anything but anti-competitive’
American Airlines CEO Robert Isom on Thursday became the latest, and most consequential “no” on the rumored American-United merger. In an interview with CNBC Thursday shortly after the company reported first-quarter earnings, Isom called the merger a “non-starter from the get-go.” “At the end of the day, there’s no way to view that as anything
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Investors continue to punish ServiceNow despite strong earnings and CEO McDermott’s forecast of blistering growth in AI product sales
The numbers look good. But the vibes feel bad. That’s the dilemma that haunts ServiceNow CEO Bill McDermott, with stock market investors continuing to punish the stock despite the company posting solid financial results. ServiceNow announced its first quarter earnings yesterday, beating consensus Wall Street forecasts for revenue and exceeding the high end of its