Business & Finance
Reddit will join the S&P 500 on August 18, replacing AvalonBay Communities and becoming only the second pure-play social media company in the benchmark index after Meta. Shares climbed 11% in extended trading on the news.
TechEchelon Staff · 37 DAYS AGO
Business & Finance
The S&P 500 industrials sector is trading at a forward P/E ratio above 30 — matching tech valuations — as AI data center construction and defense spending drive unprecedented investor demand into machinery, electrical equipment, and aerospace companies.
TechEchelon Staff · 55 DAYS AGO
Business & Finance
Stripe and Advent International submitted a joint all-cash bid to acquire PayPal at $60.50 per share, valuing the fintech giant at $53.4 billion, even as a broader AI-driven selloff dragged the S&P 500 down 1.6% for the week.
Sara Montes de Oca · 62 DAYS AGO
Business & Finance
Inauthentic online activity is increasingly shaping, distorting, and amplifying the narratives that form around public companies. What looks like broad market sentiment may, in fact, be the work of a small group of accounts pushing the same themes until they appear more credible than they are.
Guest Contributor · 87 DAYS AGO
Business & Finance
S&P Global announced Tuesday that Alphabet will replace Verizon in the 30-stock Dow Jones Industrial Average, with the Google parent's Class A shares set to join the index ahead of trading on Monday, June 30.
Sara Montes de Oca · 88 DAYS AGO
Business & Finance
South Korea's Kospi surged 2.8% as Samsung Electronics and SK Hynix reached all-time highs, while U.S. chip stocks including Intel and Micron powered a broad market rebound following a volatile Federal Reserve policy meeting.
Sara Montes de Oca · 93 DAYS AGO