According to Form 4 filings with the US Securities and Exchange Commission (SEC), Amazon (NASDAQ: AMZN) founder Jeff Bezos offloaded 16.35 million company shares with an aggregate market value of £2.41 billion ($3.048 billion) between 1st and 13th November 2024. Bezos notified the SEC of the massive Amazon share sale on 1st November via a … Read more
According to a 13F filing with the US Securities and Exchange Commission, the Bill & Melinda Gates Foundation Trust reduced its stake in Microsoft (NASDAQ: MSFT) by 17% or 5.93 million shares to 28.957 million shares worth £9.82 billion ($12.46 billion) in Q3. During the same quarter, the Microsoft co-founder also sold 2.48 million Berkshire … Read more
Palantir Technologies (NASDAQ: PLTR) stock was added to the Nasdaq 100 index, according to a NASDAQ announcement on 13th December. PLTR shares became eligible to join the tech-heavy benchmark after a strategic move to the NASDAQ from the New York Stock Exchange (NYSE) last month. The company is a leading AI software system provider facilitating … Read more
The US Securities and Exchange Commission (SEC) approved America’s first round-the-clock national securities exchange yesterday, according to a press release. The 24X National Exchange will be set up in two phases. The first stage, expected to be implemented in the second half of 2025, would enable trading of US-listed shares between 4 a.m. and 7 … Read more
Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection. Tupperware, based in Orlando, Fla., plans to continue operating during the bankruptcy proceedings and will seek court approval for a sale, “in order to protect its iconic brand,” the company said just before midnight on Tuesday. The company … Read more
The 2023 bull market, led by large-cap tech stocks, changed momentum this year to benefit smaller companies due to several economic trends, like the slowing rate of inflation growth that is driving up bets on a September rate cut by the US Federal Reserve. According to TipRanks, Goldman Sachs chief US equity strategist David Kostin … Read more
