PYMNTS-MonitorEdge-May-2024

stock market

A stock market, equity market or share market is the aggregation of buyers and sellers of stocks, which represent ownership claims on businesses; these may include securities listed on a public stock exchanges.

Source: en.wikipedia.org

Meta’s AI Spending Plans Leave Investors Unnerved
Meta’s AI Spending Plans Leave Investors Unnerved
April 25, 2024  |  Meta

Wall Street investors are reportedly uneasy about Meta’s multi-billion-dollar artificial intelligence (AI) plans. The company’s stock fell 15% in early trading Thursday (April 25), Bloomberg News reported,...

READ MORE >
CE 100 Index Slips 3.5%, Led by Tesla and Peloton
CE 100 Index Slips 3.5%, Led by Tesla and Peloton
April 22, 2024  |  Connected Economy

The CE 100 Index gave up 3.5% for the week as earnings season began in full swing. Stock market gains were few and far between....

READ MORE >
Walmart-Backed Ibotta Sees Share Price Leap 33% in Market Debut
Walmart-Backed Ibotta Sees Share Price Leap 33% in Market Debut
April 18, 2024  |  IPO

Ibotta shares leapt 33% during their debut on the New York Stock Exchange (NYSE) on Thursday (April 18). The stock debuted at $117 per share...

READ MORE >
Goldman Earnings: Consumer Loan Net Charge-Offs Reach 8.4%
Goldman Earnings: Consumer Loan Net Charge-Offs Reach 8.4%
April 15, 2024  |  Earnings

Goldman Sachs posted earnings on Monday (April 15) that illuminated a continued focus on Wall Street activities, while the firm continues to exit consumer-related banking...

READ MORE >
CE 100 Index Slips 2% as Bank Earnings Spark Decline
CE 100 Index Slips 2% as Bank Earnings Spark Decline
April 15, 2024  |  Connected Economy

Earnings season has begun, and at least initially, investors seemed nonplussed. Despite resilient consumer spending, inflation’s sticky too — and pressures are evident in the...

READ MORE >
Volatile Markets, Wealth Effect a Double-Edged Sword for Consumer Spending
Volatile Markets, Wealth Effect a Double-Edged Sword for Consumer Spending
April 12, 2024  |  Economy

The wealth effect giveth, and it taketh away. This week’s stock market volatility, and especially Friday (April 12)’s plummet in the wake of big bank...

READ MORE >
Citigroup Watches Spending; Sees Digital Engagement Rising
Citigroup Watches Spending; Sees Digital Engagement Rising
April 12, 2024  |  Earnings

Citigroup’s latest results took note of continued spending on credit cards but there were some notes of caution in the mix. The earnings materials detailed...

READ MORE >
Ripple CEO: Crypto Market Will Exceed $5 Trillion by Year’s End
Ripple CEO: Crypto Market Will Exceed $5 Trillion by Year’s End
April 08, 2024  |  Cryptocurrency

Will this be the year that cryptocurrency’s market capitalization surpasses the $5 trillion mark? Ripple CEO Brad Garlinghouse seems to think so. Speaking to CNBC Sunday (April 7),...

READ MORE >
CE 100 Index Loses 2.1% but ‘Have Fun’ Pillar Gains Ground
CE 100 Index Loses 2.1% but ‘Have Fun’ Pillar Gains Ground
April 08, 2024  |  Connected Economy

It was a week of widespread losses for the CE 100 Index. Only the “Have Fun” pillar gained ground, up 1.1%.   Spotify shares gained 17.6%,...

READ MORE >