Investing.com -- Main U.S. indexes traded largely flat Friday, searching for direction after the major stock indices hit record highs and as the earnings season draws to an end.
Here are some of the biggest U.S. stock movers today:
Reddit (NYSE: RDDT) stock rose 13% after the social media platform entered a partnership with artificial intelligence major OpenAI to add its content to the firm’s AI products.
Tesla (NASDAQ: TSLA) stock... (continue reading...)
(Reuters) - A major part of BuzzFeed CEO Jonah Peretti's compensation will now be in stock options, the digital media firm said on Friday, amid efforts to boost the adoption of artificial intelligence to speed up a turnaround.
The company has awarded Peretti options to purchase 414,000 shares of its Class A common stock. About 40% of that is intended to approximate a reduction in his annual base salary to $115,000 from $325,000. The stock options have... (continue reading...)
Investors are growing increasingly skeptical about owning AMD (NASDAQ: AMD) stock, a Mizuho desk analyst highlighted in a new note.
“Why add AMD if I own NVDA and AVGO here that are cheaper and feel much lower risk?” appears to be the key pushback among market participants, the analyst said.
The chipmaker’s shares rose to an intraday high of $168 on Thursday, amid a broader surge in the technology sector driven by the recently released softer-than-expected... (continue reading...)
Investing.com -- Shares in Robinhood (NASDAQ: HOOD) rose by more than 5% in premarket U.S. trading on Friday after analysts at Bank of America Securities upgraded their rating of the trading platform operator.
In a note improving their outlook to "Buy" from "underperform," the BofA analysts said they have seen rising engagement from retail investors and "accelerating organic growth" at Robinhood, adding that the firm's valuation is "attractive" in the wake of elevated... (continue reading...)
By Michael S. Derby
NEW YORK (Reuters) - The Federal Reserve Bank of New York is bolstering its data offerings tracking the state of supply chains.
The bank said Friday that it is launching new “Supply Availability Indexes” via a blog posting on Monday that going forward will feature as part of its regular monthly surveys of regional business activity.
Noting that supply chain pressures are a key driver of inflation,... (continue reading...)
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