Amazon went from “Magnificent Seven” zero to hero in a matter of days. First, it was blowout earnings on Thursday night, followed by a 9.6% stock surge the next day. Then, on Monday, it was a big cloud deal with OpenAI, and the stock soared another 4.5%. Amazon came into last week’s earnings print as the worst-performing Mag 7 stock in 2025. Now, it is up more than 16% year to date and hitting another all-time high Monday. AMZN 5D mountain Amazon performance over 5 sessions “Amazon just completely refuted” concerns about slowing growth in its cloud unit, Amazon Web…
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In this pool photograph distributed by the Russian state agency Sputnik, Russian Prime Minister Mikhail Mishustin (R) arrives at the airport of Hangzhou on November 3, 2025. Dmitry Astakhov | Afp | Getty ImagesRussian officials appeared eager Monday to reaffiirm Moscow’s alliance with China following U.S. President Donald Trump’s high-profile meeting with Xi Jinping.Hot on the heels of Trump’s talks with Xi last week, which the U.S. president described as “amazing,” Russia has now sent a large delegation of its own to China for deal-making and talks.Russia’s Prime Minister Mikhail Mishustin arrived in Hangzhou on Monday for two-day talks with…
Warren Buffett’s Berkshire Hathaway reported a sharp rebound in operating profit over the weekend, but Wall Street analysts were divided on the outlook for the conglomerate between optimism over its insurance rebound and succession uncertainty. The Omaha-based company said operating earnings from its collection of businesses, including insurance, railroads and energy, rose 34% from a year earlier to $13.49 billion in the third quarter . The surge was powered by a more than 200% jump in insurance underwriting income to $2.37 billion, reflecting lower catastrophe losses and improved results at auto insurer Geico. Class A shares of Berkshire were flat…
Now might be an opportune time to sell 45-90 day strangles on Meta , given the recent earnings release, guidance and financing decisions, which have caused the stock to retreat from recent highs and led to an increase in options prices. Meta delivered strong Q3 2025 revenue growth — 26% year over year. However, it also led to higher expenses and increased capital expenditures. For example, full-year 2025 capital expenditures (capex) are now expected to be between $70 billion and $72 billion. The company has announced that capex growth in 2026 is expected to be “notably larger,” and expense growth…
MongoDB CEO Dev Ittycheria arrives at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 9, 2025.David Paul Morris | Bloomberg | Getty ImagesDatabase software maker MongoDB said on Monday that CEO Dev Ittycheria is stepping down from the top job after an 11-year run. Chirantan “CJ” Desai, who has spent the past year as president of product and engineering at Cloudflare, is replacing Ittycheria, effective Nov. 10, MongoDB said. Ittycheria will remain on the company’s board. “Earlier this year, I would say as part of our normal succession planning process, the board asked me…
Piper Sandler sees a strong pathway forward for Roku . The investment firm upgraded the streaming platform to overweight from neutral. It also lifted its price target to $135 per share from $88, which points to upside of 27.2% from Friday’s close. Roku, which are up 43% for the year, added 6% in the previous session after posting a third-quarter earnings beat. The company also raised its full-year revenue guidance. ROKU YTD mountain ROKU YTD chart Analyst Thomas Champion expects this momentum to continue, pointing to strong platform investments across advertising. “We now have more confidence in the Platform revenue…
Huggies, manufactured by Kimberly-Clark and Band-Aid, manufactured by Kenvue.Getty ImagesKimberly-Clark announced Monday it’s struck an agreement to buy Kenvue in a deal valued at $48.7 billion that would create a consumer staples giant.The deal is a combination of cash and stock. Shares of Kenvue surged 18% in premarket trading Monday, while shares of Kimberly-Clark plunged 14%.The combined company would bring together brands like Huggies and Kleenex with the likes of Band-Aid and Tylenol. It would include 10 billion-dollar brands, the companies said in a news release. The acquisition would be one of the largest on Wall Street this year.The transaction…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailTransportation Secretary Sean Duffy joins ‘Squawk Box’ to discuss the government shutdown’s impact on air travel, air traffic controllers shortage, whether air travel remains safe, and more. Source link
OpenAI has signed a deal to buy $38 billion worth of capacity from Amazon Web Services, its first contract with the leader in cloud infrastructure and the latest sign that the $500 billion artificial intelligence startup is no longer reliant on Microsoft.Under the agreement announced on Monday, OpenAI will immediately begin running workloads on AWS infrastructure, tapping hundreds of thousands of Nvidia’s graphics processing units (GPUs) in the U.S., with plans to expand capacity in the coming years.Amazon stock climbed about 5% following the news.The first phase of the deal will use existing AWS data centers, and Amazon will eventually…
Check out the companies making headlines before the bell. Iren — The data center company jumped 22% after reaching a deal with Microsoft to provide the software and cloud computing provider with access to Nvidia GB300 GPUs over five years for $9.7 billion. Semiconductor manufacturers — The group advanced after Iren’s nearly $10 billion deal to access Nvidia chips, which broadly lifted investor sentiment on semiconductor demand. Nvidia rose nearly 2%, while Micron Technology and Advanced Micro Devices advanced roughly 4% and 1%, respectively. Kenvue —The Tylenol and Band-Aid maker rallied 20% after agreeing to be acquired by Kimberly-Clark for…
