GOOG Jul 2024 130.000 call
- Yahoo Finance Video
April JOLTS data, Ford sales, E-Trade considers ban: Catalysts
The US Bureau of Labor Statistics' JOLTS data (Job Openings and Labor Turnover Survey) for April fell below forecasts, posting a print of 8.06 million for the month. In this episode of Catalysts, Brad Smith and Madison Mills are joined by Citi Economist Veronica Clark and Sanctuary Wealth Chief Investment Strategist Mary Ann Bartels to review what the latest JOLTS print indicates about the US economy. As GameStop (GME) shares settle back down, trading platform E-Trade is reportedly considering banning retail trader Keith Gill — who goes by "Roaring Kitty" on social media — on claims of supposed market manipulation around the meme stock. Wall Street Journal Reporter AnnaMaria Andriotis, the journalist who originally broke the story, sits down with Yahoo Finance. ABB (ABBNY, ABBN.SW) Chairman Peter Voser shares his thoughts on the rate of growth in EV charging infrastructure and whether more private sector investments need to flow into the space to allow it to flourish. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Microsoft to initiate layoffs, Google reportedly to follow suit
The tech industry is undergoing a round of layoffs. Microsoft (MSFT) has confirmed it will be introducing a workforce reduction, and Alphabet's Google (GOOG, GOOGL) is reportedly looking to follow suit. Yahoo Finance's Dan Howley explains the motive for the job cuts despite strong balance sheets. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
- Investor's Business Daily
Pershing Square Portfolio: Bill Ackman Bets On Six High-Quality Stocks
A dive inside the Pershing Square portfolio shows Bill Ackman making a highly concentrated bet on six stocks, with simple and straightforward businesses like hotels and restaurant chains such as Chipotle Mexican Grill among the top holdings. Only one of the six holdings is a technology stock — Google-parent Alphabet. Ackman, the head of the Pershing Square hedge fund, picked up Google stock in the first quarter of 2023, when shares had fallen to a two-year low, staying true to his image as more of a value investor than many of his peers.
