3M stock just had its best day on record, leaving investors slack-jawed. They aren’t exactly sure why. The answer is surprisingly simple though: It’s growth. 3M stock gained 23% on Friday after reporting better-than-expected second-quarter earnings. It was the best one-day move for the stock on record, according to Dow Jones Market Data. They looked
When Saphna and Karan Aggarwal discovered that an uninhabitable house on Mount Angelus Drive in Los Angeles was up for sale, they jumped at the opportunity. The married duo behind the interior design and property investment company Bungalowe live right around the corner, and know how coveted the location is within the city’s Highland Park
The Bitcoin price was surging in early-morning trading on Monday as markets reacted to the assassination attempt on former U.S. President Donald Trump. The token, which is the largest cryptocurrency in terms of market capitalization, was up 5% over 24 hours to $62,903. Excitement about the launch of several exchange-traded funds helped bitcoin hit a record high
The market cap of AI chip maker Nvidia passed $3 trillion in the second quarter. Because microchips are made from silica, it’s tempting to say that Nvidia’s entire capitalization is built on sand. But nothing is firmer than Wall Street’s belief in artificial intelligence. The behemoth’s stock surged 37% in the past three months and
Bitcoin and other cryptocurrencies were rising early on Monday but the sector still faces headwinds going into the second half of the year. Bitcoin was up 4.1% over the last 24 hours to $63,311. That means the largest cryptocurrency has largely recouped the losses that came after last week’s news that the trustee of Mt. Gox,
Bitcoin and other cryptocurrencies were rising early Friday. Solana was the standout gainer, after the first U.S. application was filed for a spot exchange-traded fund tied to the cryptocurrency. Bitcoin was up 1.3% over the past 24 hours to $61,519. The largest cryptocurrency has fallen from levels of around $64,000 after news on Monday that
Bitcoin and other cryptocurrencies were falling early Friday. However, MicroStrategy has made another major purchase of the largest crypto. Bitcoin was down 1.5% over the past 24 hours to $64,617. Bitcoin hit a record high near $74,000 in mid-March amid a surge of interest from new spot exchange-traded funds but its price has dropped since then.
Enthusiasm about artificial intelligence has fueled a good portion of the stock market’s rally in recent years. That’s unlikely to change soon, but investor interest could move from company to company, at least temporarily. The Magnificent Seven—Google parent Alphabet , Amazon.com , Apple , Facebook parent Meta Platforms, Microsoft , Nvidia , and Tesla —that
Bitcoin was giving back some gains early Thursday after breaking through the $70,000 barrier but Ether was rising and testing its recent highs. The focus is now on whether the Federal Reserve can give the crypto sector another boost. Bitcoin was down 0.3% over the past 24 hours to $70,958. The largest crypto hit a record
Instacart Stock Jumps on More Buyback News. Why Investors Are Bullish.
Shares of Instacart parent Maplebear jumped 9% on Thursday as investors cheered on news of more buybacks from the grocery delivery firm. Instacart’s board approved another $500 million new share repurchase program on June 2, according to a regulatory filing on Thursday. Buybacks are usually a sign of management’s optimism in the company’s growth potential