Palantir Technologies is making headlines as it has been added to the Nasdaq-100 index, a group of the largest non-financial companies on the Nasdaq stock exchange. This announcement came on Friday evening, just before the weekend, and is anticipated to increase demand for Palantir’s stock, given the visibility that comes with index membership. Recently, Palantir’s ...
MicroStrategy’s stock has surged nearly 500% this year, making it a strong contender for inclusion in the Nasdaq 100 index, which will be reshuffled soon. The company, primarily known for its software, has shifted its focus to Bitcoin, holding approximately 400,000 bitcoins valued around $42 billion. This shift came as its software revenue declined, and ...
A global think tank has suggested that Amazon should include Bitcoin in its strategic reserve by next year. The National Center for Public Policy Research claims that adding Bitcoin could help Amazon protect its $88 billion in cash and equivalents from inflation. With the U.S. inflation rate peaking at 9.1% in mid-2022, traditional assets like ...
Visa Inc., the world's largest payment network, reported a strong fiscal fourth-quarter profit that surpassed Wall Street expectations. The rise in cross-border transactions drove this growth, highlighting a robust recovery in global spending.
Cathie Wood and Warren Buffett, while having very different investment styles, both have a stake in the “Magnificent Seven” stock, Amazon. Buffett focuses on stable blue-chip stocks for steady income, while Wood invests in high-risk, high-reward opportunities in emerging sectors like AI and biotechnology. Amazon stands out due to its diverse business model, which includes ...
In a recent discussion with Bloomberg, Ira Robbins, CEO and Chairman of Valley National Bank, shared insights on the bank's earnings report. He emphasized strong financial performance and highlighted a positive outlook for regional banks despite ongoing economic challenges. Robbins noted that Valley National is well-positioned to capitalize on growth opportunities and maintain stability in a competitive landscape.
