Wall Street rebounds as tech stocks rise

Published

3 years ago

May 14, 2021

Wall Street has closed sharply higher, bouncing back from three straight days of selling on upbeat labor market data

All three major US stock indexes notched solid gain. The Nasdaq was weighed by Electric Car Maker, Tesla, picking up the rear after losing 3 percent after Elon Musk rejected Bitcoin.

Recent economic data has prompted inflation fears as a shortage of both materials and workers within the US threatens to send prices surging in the face of a demand boom.

Related Topics:bitcoin markets nasdaq nyse tesla trending wallstreet

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Warner Brothers & Discovery considers splitting up to boost stock value

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1 week ago

July 19, 2024

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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1 week ago

July 18, 2024

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

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Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.