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A group of seven of the most valuable U.S.-traded companies is dominating the global equity market landscape...
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Microsoft's multibillion-dollar investment in ChatGPT-maker OpenAI could trigger a European Union merger investigation, the bloc's executive branch said Tuesday. The European Commission said it's “checking whether Microsoft’s investment in OpenAI might be reviewable” under regulations covering mergers and acquisitions that would harm competition in the 27-nation EU. Antitrust enforcers in the U.S. also have signaled concerns about competition in the AI industry...
Continue ReadingKicking off the year, Amazon.com Trade Desk and Meta Platforms are top picks within the internet sector, one Wall Street team says. “We’re updating our thoughts as we enter 2024 and revise our digital advertising growth expectations for the year (see digital growth +8.0% y/y vs. +7.2% y/y prior), we still expect a modest environment for e-Commerce (although easing inflation doesn’t hurt), and our subscription group is a mixed bag,” Stifel analysts led by Mark Kelley wrote in a Monday report. For Amazon points to watch include margin improvement, and new advertising formats...
Continue ReadingThe downgrades present buying opportunities because Apple's long-term prospects remain strong. Read more to see our analysis on AAPL stock...
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Amazon.com's (NASDAQ:AMZN) stock is up by a considerable 15% over the past three months. As most would know.....
Continue ReadingThe European Union is checking whether Microsoft's investment in generative AI giant OpenAI is reviewable under the bloc's merger regulations, it said today. The development comes in the wake of the turmoil at OpenAI in late November when the then board voted to oust founder and CEO Sam Altman -- a shock move that triggered an aggressive counter manouever by OpenAI investor Microsoft, which stepped in to say it was hiring Altman. The tech giant also extended an offer to any other OpenAI staffers...
Continue ReadingDiscover lucrative merger arbitrage opportunities with spreads up to 139%...
Continue ReadingS&P 500 companies are gearing up for fourth-quarter earnings season. And some are seen putting up some massive profit growth...
Continue ReadingEconomic data heavily points to a soft-landing but at this stage of the cycle it typically does...
Continue ReadingMorgan Stanley analyst Hamza Fodderwala upgraded shares of the cybersecurity company to Overweight from Equal Weight...
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