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billionaires offload billions in stocks before trump tariff announcement
Meta CEO Mark Zuckerberg, JP Morgan Chase CEO Jamie Dimon, and Oracle CEO Safra Catz sold billions in stock before President Trump's tariff announcement, which triggered a significant market crash. Zuckerberg offloaded 1.1 million shares for $733 million, while Dimon sold nearly $234 million and Catz sold 3.8 million shares for $705 million. The timing of these sales has raised concerns about potential insider knowledge amid the ensuing market turmoil.
Barclays maintains buy rating on Microsoft with price target of 430 dollars
Barclays analyst Raimo Lenschow has reaffirmed a Buy rating on Microsoft (MSFT) with a price target of $430.00, following a share close at $367.78. The analyst consensus remains a Strong Buy, with an average price target of $499.10, indicating a potential upside of 35.71%. Microsoft reported a quarterly revenue of $69.63 billion and a net profit of $24.11 billion for the quarter ending December 31, up from $62.02 billion and $21.87 billion, respectively, in the previous year.
barclays maintains hold rating on lightspeed pos with price target of twelve dollars
Barclays analyst Raimo Lenschow has maintained a Hold rating on Lightspeed POS Inc (LSPD) with a price target of $12.00, while the stock closed at C$12.87. The company has a market cap of C$1.97B and a P/E ratio of -11.73, with negative insider sentiment noted as 39 insiders have sold shares recently. Additionally, J.P. Morgan downgraded LSPD to a Sell on April 14, following a Hold rating from Redburn Atlantic.
insiders sell billions in shares before market turmoil from tariff talks
Insiders, including Zuckerberg and Dimon, sold billions in shares before President Trump's tariff announcements, which triggered a significant market selloff. Zuckerberg sold 1.1 million shares for $733 million, while Dimon offloaded $234 million worth. Despite the turmoil, some billionaires are buying shares at lower prices, indicating a complex market dynamic.
millionaires tax proposal may burden middle class while billionaires evade taxes
Warren Buffett and Jamie Dimon advocate for billionaires to contribute more in taxes, yet a proposed "millionaires tax" may disproportionately impact middle-income earners like bakers and doctors, rather than the ultra-wealthy who primarily gain from investment income. Despite some states implementing millionaire taxes, the federal proposal might not address capital gains or dividends, leaving loopholes for billionaires like Jeff Bezos and Elon Musk, who have historically paid minimal taxes. Critics argue that the wealthy already face high effective tax rates when considering various taxes, suggesting a simple millionaire tax won't resolve the issue of tax inequality.
microsoft pauses data center projects amid shifting ai demand dynamics
Microsoft is pausing some data center projects, including a $1 billion facility in Ohio, amid a reassessment of AI infrastructure needs. While demand for cloud and AI services surged, the company is adapting its strategy, halting early-stage developments and scaling back international expansions. Despite these changes, Microsoft plans to invest over $80 billion in AI infrastructure this fiscal year, maintaining its commitment to growth.
AppLovin proposes merger to acquire TikTok amid competitive bidding landscape
AppLovin CEO Adam Foroughi has proposed a merger to acquire TikTok, allowing AppLovin to manage the app while TikTok's Chinese investors maintain a stake. The plan aims to enhance monetization by combining AppLovin's algorithm with TikTok's user base. This bid is part of a competitive landscape that includes other US companies, with any deal requiring approval from the Chinese government. According to a US SEC filing, AppLovin's bid is still in early stages.
Deutsche Bank highlights advantages of Oracle cloud over major competitors
Deutsche Bank highlights the advantages of Oracle Cloud over major hyperscalers, suggesting it offers unique benefits in the competitive cloud market. The analysis points to Oracle's strategic positioning and capabilities that may appeal to businesses seeking cloud solutions.
buffett remains cautious amid market turmoil and economic uncertainty
Warren Buffett, known for his value investing strategy, is currently holding a substantial cash reserve of $321 billion, waiting for clearer market conditions before making significant purchases amid recent stock market turmoil triggered by tariffs. While some analysts believe he may seize buying opportunities if prices drop further, others suggest he might be cautious, recalling historical economic downturns. His next moves will be closely watched, especially during the upcoming Berkshire Hathaway annual meeting in May.
trump tariffs jeopardize big tech ai expansion and infrastructure projects
President Trump's newly imposed tariffs, ranging from 10% to 34% on imports from China, Taiwan, and South Korea, threaten to disrupt Big Tech's AI expansion plans. The tariffs could delay significant projects like OpenAI's $500 billion Stargate initiative and may lead to reduced spending by major cloud service providers such as Microsoft, Alphabet, and Amazon, which are already facing financial pressures.
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