Category: Market Summary

Uber Technologies (NYSE:UBER), General Motors (NYSE:GM) – Cruise, a self-driving car subsidiary of General Motors, has partnered with Uber to offer rides in its robotaxis on the platform starting next year. This collaboration comes as Cruise recovers from an accident in San Francisco, resuming testing with safety drivers. Cruise agreed to recall about 1,200 robotaxis…

After failing to sustain an early move to the upside, stocks came under considerable selling pressure over the course of the trading session on Thursday. The major averages pulled back well off their early highs and firmly into negative territory. The Nasdaq and the S&P 500 (SPI:SP500) finished the day just off their lows of…

Toronto Dominion Bank (NYSE:TD), Charles Schwab (NYSE:SCHW) – Canada’s TD Bank Group has set aside an additional $2.6 billion to cover penalties from U.S. regulatory investigations into deficiencies in its anti-money laundering (AML) program. To offset this cost, it will sell part of its stake in Charles Schwab, reducing its ownership from 12.3% to 10.1%.…

Following the modest pullback seen in the previous session, stocks moved back to the upside during trading on Wednesday. The major averages fluctuated over the course of the trading day but managed to close in positive territory. The Nasdaq and the S&P 500 closed higher for the ninth time in the past ten sessions. The…

Walmart (NYSE:WMT), JD.com (NASDAQ:JD) – Walmart intends to raise up to $3.74 billion by selling its 5.19% stake in the Chinese e-commerce company JD.com. They are offering 144.5 million shares between $24.85 and $25.85 each, with Morgan Stanley as the broker. The sale aims to focus resources on the company’s operations in China and other…

Berkshire Hathaway (NYSE:BRK.B), Bank of America (NYSE:BAC) – Berkshire Hathaway sold a total of 14 million shares of Bank of America in recent days, reducing its stake to 12%. The sale, which raised about $550 million, was made last Thursday, Friday, and Monday, at an average price of $39.50 per share. Berkshire now owns 928…

Stocks moved mostly higher over the course of the trading session on Monday, adding to the strong gains posted last week. The major averages showed a lack of direction early in the session but climbed firmly into positive territory as the day progressed. The major averages surged going into the final hour of trading, with…

FuboTV (NYSE:FUBO), Walt Disney (NYSE:DIS), Fox Corporation (NASDAQ:FOX) – A U.S. judge temporarily blocked the launch of Venu Sports, a new sports streaming service backed by Disney, Fox, and Warner Bros Discovery. The decision came after FuboTV alleged antitrust practices by the media giants that could harm competition and inflate prices for consumers. Fubo’s shares…

After showing a lack of direction early in the session, stocks moved mostly higher over the course of the trading day on Friday. The major averages climbed more firmly into positive territory after bouncing back and forth across the unchanged line in early trading. The major averages pulled back off their best levels late in…

Deutsche Bank (NYSE:DB) – Deutsche Bank has proposed a settlement to resolve shareholder lawsuits alleging that the bank underpaid for the Postbank acquisition. However, shareholders’ lawyer Jan Bayer rejected the offer, calling it unsatisfactory. Shares rose 0.9% in pre-market. Bank of America (NYSE:BAC) – Bank of America has partnered with FIFA to sponsor the 2026…