The world’s biggest online social network knocked the world’s largest retailer out of the top 10 list of the highest-valued companies in the Standard & Poor’s 500 index on Monday and the gap widened on Tuesday.
If Robin Leach visited the headquarters of Fibit, Inc. in San Francisco today, it would be all “champagne wishes and caviar dreams” as the leading wearable fitness tracker raised $793.5 million at a stunning valuation of $4.1 billion in the largest initial public offering (IPO) by any consumer electronics company in history.
On Monday, Saudi Arabia’s stock markets, the biggest in the Middle East, were open to foreign investors for the first time in history.
15 years after the Dot-Com Bubble burst, the Nasdaq Composite Index leapt by 20.89 points, or 0.4%, to close at 5056.06 on Thursday, a record high. The strength of the index is being driven by the Silicon Valley 150 tech companies that have provided the juice to lift the NASDAQ by 6.8%, despite U.S. stock performance trailing major world markets.
A British trader operating out of his parents’ West London semi is facing extradition to the US following allegations that he in part caused a stock market ‘flash crash’. Almost £570billion was wiped off the value of America’s biggest companies
Netflix, Inc. beat its aggressive prediction that it would add 4 million new streaming subscribers in the quarter ending March by adding 4.88 million subscribers. After shares leaped 47% over the past three months, the fabulous numbers sent the stock up about 11 percent to $531 in after-hours trading on Wednesday.
Self-proclaimed “ungodly rich” owner of the NBA’s Dallas Mavericks appeared as a guest on ESPNU’s “The Herd with Colin Cowherd” on Friday to discuss the globalization of sports and social issues. According to Cuban, with the way the financial system
Investors celebrated the NASDAQ stock market topping the 5,000 level this week for the first time since March 2000. But there were no celebrations in Sacramento for the anniversary of the last time that California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS) were over 100 percent funded.
Apple (AAPL: NASDAQ) may have printed the largest quarterly earnings in the history of capitalism, but the smartphone market is moving against the future of the Apple iPhone as Google’s Android operating system software gains market domination.
