Sony Stock Pops on Hiked PS5 Prices

Sony Stock Pops on Hiked PS5 Prices

Sony Corporation (NYSE: SONY) announced a price hike for its flagship PlayStation 5 console in multiple international markets, citing inflationary pressures and the general economic environment.    As a result, shares gained about 2% to bounce off the intra-week...
Salesforce Stock Plunges on Weak Results

Salesforce Stock Plunges on Weak Results

Shares of Salesforce (NYSE: CRM) are down almost 7% in premarket trading Thursday despite the company reporting better-than-expected Q2 earnings per share (EPS) and revenue. However, CRM provided weak guidance for 2023, hence a move down in aftermarket hours on...
Fed Chair Powell Spooks Markets – What’s Next?

Fed Chair Powell Spooks Markets – What’s Next?

Equities saw a steep decline on Friday after Federal Reserve Chairman Jerome Powell reiterated the central bank’s commitment to bringing down inflation by continuing to hike interest rates that could cause “some pain” to the U.S. economy.    At the long-standing...
Why Did Novavax (NVAX) Stock Tumble This Week

Why Did Novavax (NVAX) Stock Tumble This Week

Shares of Novavax (NASDAQ: NVAX) have plunged over this week after the company significantly reduced its full-year revenue forecast as it no longer expects fresh coronavirus vaccine sales for 2022 in the U.S.    Guiding Down   Novavax trimmed its 2022 sales...
Breaking Down Warren Buffet’s New Investments

Breaking Down Warren Buffet’s New Investments

Warren Buffet’s Berkshire Hathaway (NYSE: BRK.A) has tripled its stake in Ally Financial and increased its holdings in the video game maker Activision Blizzard, betting on its deal with Microsoft Corp, new filings showed.   What is Warren Buffet Buying?  ...