Business

There was some intriguing news from a Pfizer (NYSE: PFE) shareholder on Thursday that was not taken well by the market. Confirming media reports, an activist investor has taken a small stake in the healthcare giant, and announced itself with a letter to the company’s board. Investors reacted by trading …

HONG KONG (AP) — Asian stocks were mixed on Friday as Chinese markets declined as investors await a key briefing about the details of the upcoming stimulus plan this weekend. U.S. futures rose while oil prices were lower. Chinese stocks fell in morning trading on Friday. The Shanghai Composite lost …

A look at the day ahead in European and global markets from Tom Westbrook Friday’s session brought a cautious mood to the markets, ahead of a smattering of data and an uncomfortable weekend. China’s finance minister has called a fiscal policy briefing for Saturday against a backdrop of high expectations …

Jeff Bezos-Led Amazon Almost Ran Out Of Cash 24 Years Ago. At $400B, It Is Now Projected To Have As Much Cash As Apple And Microsoft Combined By 2027: Here’s More Jeff Bezos’ Amazon.com Inc. (NASDAQ:AMZN) once nearly ran out of cash 24 years ago, during the dot-com bubble crisis …

(Bloomberg) — Chinese stocks fell, underperforming their Asian peers as caution grows ahead of a key weekend briefing that may shed more light on Beijing’s fiscal stimulus. Most Read from Bloomberg The CSI 300 Index dropped as much as 2.4%, reversing Thursday’s gains. Elsewhere in Asia, shares rose in Japan …

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(Bloomberg) — The way Jeff deGraaf sees it, hedge funds that sold a record amount of Chinese shares earlier this week toward the end of the CSI 300’s 10-day, 35% surge are in for a world of regret. Most Read from Bloomberg In fact, says the co-founder and chief executive …

Advanced Micro Devices (NASDAQ: AMD) stock lost ground Thursday following the company’s Advancing AI conference. The semiconductor specialist’s share price ended the day down 4%. AMD’s Advancing AI conference delivered new product reveals and promising sales indicators, and the pullback for the company’s stock is likely a reflection of “buy …

While large-scale insider sales don’t necessarily mean a publicly traded company’s management is abandoning ship, they generally don’t inspire investor confidence. News of such a divestment hit Medical Properties Trust (NYSE: MPW) on Thursday, and the resulting sell-off saw the shares lose slightly more than 4% of their value. A …

(Bloomberg) — Advanced Micro Devices Inc. suffered its biggest stock decline in more than a month after the company unveiled new artificial intelligence chips but didn’t provide hoped-for information on customers or financial performance. Most Read from Bloomberg The stock slid 4% to $164.18 on Thursday, making the biggest single-day …