BlackRock-Led GCC Infrastructure Partnership Targets $30 Billion Investment 
Berkshire Hathaway Reveals New Stakes in Delta Air Lines and Macy’s Under Greg Abel 
Samsung Faces Major Strike Threat as Union Restarts Pay Talks 
Sonova Beats Profit Forecasts Despite Cochlear Implant Weakness 
SoftBank Shares Slide Despite Record Q4 Profit Fueled by OpenAI Investment 
Samsung Strike Talks Resume as South Korea Weighs Emergency Action 
Elliott Targets Bio-Rad as Shares Continue to Struggle 
SpaceX Shareholders Approve 5-for-1 Stock Split Ahead of Potential IPO 
Applied Materials Forecasts Strong Q3 Revenue as AI Chip Demand Accelerates 
FTC Antitrust Probe Targets Arm Holdings Over Chip Licensing Practices 
YouTube and Snap Settle School District Mental Health Lawsuit Ahead of Major Social Media Trial 
Warren Buffett and Stephen Curry Charity Dinner Auction Raises $27 Million for Nonprofits 
US-China Trade Talks Sideline Chip Export Controls as Nvidia China Sales Draw Attention 
TSMC Stake Sale Sends Vanguard Semiconductor Shares Lower 
CXMT Forecasts Record Revenue Growth as Global DRAM Prices Surge 
Honda Shares Jump as Automaker Forecasts Profit Recovery Despite Historic Loss 
Alibaba Stock Surges After Strong Q4 Earnings Boosted by AI and Cloud Growth 
Wall Street saw a rally of tech stocks before the weekend, thanks to the positive earnings reports major tech companies revealed. Reuters said the earnings reports had surpassed analysts’ expectations, which resulted to S&P 500 going to a positive territory for the year and above its 200-day moving average since August 19 for the first time. Dow Jones, on the other hand, saw its Industrial Average increase by a significant 0.9%, Bloomberg added.
Motley Fool said the tech rally was lead by two industry giants, Microsoft and Amazon.com. Both companies announced its third-quarter results on Friday pre-trading with positive data. The results reportedly inspired investors by pushing the companies’ stock prices up. In between the two stocks, the site said USD70 billion of additional market capitalization was raised in just one trading day.
“Stocks are back. We’re back on track as far as a cheap money, quantitative easing, risk-on trade is concerned,” said Robert Pavlik, chief market strategist at Boston Private Wealth.
