DIRS.INFO The most relevant business & tech news

☆ Microsoft invests $1.5 billion in AI firm G42 which faces U.S. scrutiny for China ties
▼ + stars: | 2024-04-16 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

G42 will run its AI applications and services on the Microsoft Azure cloud service, as well as deploy Microsoft's cloud offerings. The U.S. and UAE governments appeared to be heavily involved in the deal. "Both companies will move forward with a commitment to comply with U.S. and international trade, security, responsible AI, and business integrity laws and regulations," Microsoft said. Gallagher alleges that G42 maintains relationship with blacklisted Chinese firms, such as Huawei, and that it works with China's military and intelligence services. G42 itself has reportedly invested in Chinese firms, including TikTok owner ByteDance.

Persons: Brad Smith, Sheikh Tahnoon bin Zayed Al Nahya, Mike Gallagher, Gallagher, ByteDance Organizations: Microsoft, United Arab, U.S, UAE, U.S ., Chinese Communist Party, Commerce Department, Huawei Locations: Bellevue , Washington, United Arab Emirates, U.S, UAE, China

☆ Jack Ma is praising Alibaba. Wall Street is more cautious
▼ + stars: | 2024-04-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Alibaba shares got a boost last week from news founder Jack Ma is pleased with the company's turnaround so far. They cut their price target to $100 a share, down from $105 previously, while maintaining an overweight rating. Eddie Wu became CEO of Alibaba in September, and is also acting head of the cloud business. They cut their price target by $1 to $105 a share and maintained their buy rating. They have a price target of $85, and, in contrast to the many buy ratings, rate the stock equal weight.

Persons: Jack Ma, Joe Tsai, Ma, Alex Yao, Tsai, Nicolai Tangen, We've, Eddie Wu, Trudy Dai, Daniel Zhang, Kenneth Fong, Douyin, Nomura, Doubao, Ernie, Qianwen, monetization, Morgan Stanley, Gary Yu, — CNBC's Michael Bloom, Arjun Kharpal Organizations: CNBC, Wall Street, JPMorgan, Norges Bank Investment, Alibaba, Commerce, UBS, PDD Holdings, Norges Bank Investment Management Locations: China, U.S, Taobao, BABA

☆ Families who sued social media companies years ago are taking matters into their own hands
▼ + stars: | 2024-04-13 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +16 min

Now there are hundreds of such lawsuits against social media platforms, alleging teenagers across the country have been harmed from exposure to social media, according to Matthew Bergman, the founder of the Social Media Victims Law Center, from where many of these lawsuits have been filed. Jaime Puerta said he has met with police departments, government agencies and schools to discuss the dangers of social media platforms. Mayor Eric Adams makes announcement on lawsuit against social media companies at City Hall in New York City. Next, she said she wants to work with lawmakers to help increase the age requirement to access social media sites. Donna and Chris Dawley have attended conferences, events and Congressional hearings to raise awareness about social media addiction.

Persons: Jaime Puerta’s, Daniel, Puerta, Snapchat, Matthew Bergman, Koukichi Takahashi, TikTok, ” Puerta, “, ”, Jaime Puerta, Meta, Gail Flatt, Sarah’s, Sarah, Flatt, Republican Sen, Marsha Blackburn, Sen . Blackburn, Blackburn, Mark Zuckerberg, who’ve, “ I’m, Norma Nazario, Zackery, Eric Adams, Nazario, Lev Radin, Ron DeSantis, Jaime Puerta – Amy Neville, Alexander, –, she’s, Neville, ” Amy Neville, Alexander Neville, Amy Neville, Democratic Sen, Amy Klobuchar, Sen, Klobuchar, Sabine Polak, Polak, Mileva, ” Polak, Repasky, it’s, Cece Nelter, Independence , Kentucky –, Instagram, Cece, Nelter, Donna, Chris Dawley –, CJ, ” Donna Dawley, Prince Harry, Meghan Markle, Chris Dawley, Donna Dawley “, Donna Dawley, “ We’ve Organizations: CNN, International Association for Suicide Prevention, Befrienders, Social Media, Law, Meta, Adobe, Big Tech, Los Angeles, Central Intelligence Agency, CIA, Homeland Security, Centers for Disease Control, Prevention, Drug, Administration, Federal, Facebook, Wall, Northern District of, Republican, Union, New York City, New York, City Hall, Pacific Press, TikTok, Florida Republican, Snapchat, Alexander Neville Foundation, Alexander, Parent, Academy, Democratic, Media, Free Schools Movement Locations: Northern District, Northern District of California, Instagram, Tennessee, Biden’s, New York, New, New York City, Florida, United States, Minnesota, Phoenixville , Pennsylvania, ”, Independence , Kentucky

☆ Taylor Swift's return to TikTok shows even the world's biggest stars still need the app
▼ + stars: | 2024-04-12 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

Taylor Swift is back on TikTok despite a feud between the app and her label Universal Music Group. Swift's reemergence shows that even the world's biggest stars need TikTok to promote their work. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . UMG artists can still post videos on TikTok, but they can't use their own tracks, making it harder to push a new album. Related storiesSwift's return to TikTok shows that even the industry's biggest stars still need to use the app to help a new album take off.

Persons: Taylor Swift, Swift's, —, Drake, Olivia Rodrigo, Taylor, she's, Swift, TikTok, Chauncey Hollis Jr Organizations: Universal Music Group, Service, Universal, Poets Department, Business, Spotify, AMC, Bloomberg Locations: TikTok, Hollywood, Singapore, Australia

☆ LinkedIn betting it can take on TikTok and Instagram in influencer marketing
▼ + stars: | 2024-04-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Influencer marketing has become big business on TikTok and Instagram, where popular creators can make good money by helping brands promote their stuff. Its product, called Thought Leader ads, launched in a limited capacity last year. LinkedIn introduced Thought Leader ads last year but with limited use. By opening up Thought Leader ads, LinkedIn is letting anyone boost a post as long as the author grants permission. Social media marketer Brendan Gahan is so bullish on the format that he's focusing much of his efforts on helping companies use Thought Leader ads.

Persons: eMarketer, Max Willens, Dan Shapero, Ryan Roslansky, Brendan Gahan, Gahan Organizations: LinkedIn, Microsoft, eMarketer, Facebook, Mastercard, Social, Twitter Locations: TikTok, Singapore

Apple | Spotify | Amazon | YouTube Listen and follow ‘Hard Fork’This week, the companies building artificial intelligence are facing a limit to what training data is publicly available on the internet. Will that stop them from building God? Then, a new bipartisan national privacy law proposal just dropped. We ask what’s in it. And finally, ByteDance is building new apps instead of fighting Congress’s TikTok ban.

Persons: Congress’s Organizations: Apple, Spotify, YouTube

☆ Professor discusses whether ByteDance will sell TikTok's algorithm
▼ + stars: | 2024-04-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHighly unlikely Beijing will allow ByteDance to sell TikTok's algorithm to foreign buyers: ProfessorAngela Zhang, director of the Philip K. H. Wong Centre for Chinese Law and associate professor of law at the University of Hong Kong, says the Chinese government's stance is aligned with TikTok's position.

Persons: Angela Zhang, Philip K Organizations: Wong Centre, Chinese Law, University of Hong Locations: Beijing, University of Hong Kong

☆ Vinod Khosla and Palantir's Jacob Helberg call on Senate to ban TikTok: It's 'a weapon of war'
▼ + stars: | 2024-04-11 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Investor Vinod Khosla and Palantir advisor Jacob Helberg penned an open letter Thursday calling on Senators to pass a bill that would force the divestiture of Bytedance-owned TikTok in the U.S. Describing the social media platform as "a weapon of war," Helberg and Khosla compared the bill to decades-old restrictions on foreign ownership of U.S. media outlets. Some critics have compared the ban to a bill of attainder, given that it singles out one company. The company mobilized its user base in opposition of the House bill, urging its millions of users to call their congressional representatives and voice their opposition. TikTok CEO Shou Zi Chew has also been lobbying D.C. lawmakers against a ban, meeting with Sen. John Fetterman, D-Pa., in March.

Persons: Vinod Khosla, Jacob Helberg, Khosla, Helberg, Shou Zi Chew, Sen, John Fetterman Organizations: CNBC, House, Khosla Ventures, Sun Microsystems, U.S . Department of Defense, Valley, TikTok Locations: North Korea, Iran, U.S, Hill

☆ An OpenAI investor says TikTok is China's 'programmable fentanyl,' a CCP-controlled tool used to manipulate US citizens
▼ + stars: | 2024-04-11 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

TikTok is an "AI-powered subversion weapon" wielded by the CCP, says OpenAI investor Vinod Khosla. Khosla said the platform could be used by China to "surreptitiously manipulate US citizens." "TikTok is a programmable fentanyl whose effects are under the control of the CCP," he said. AdvertisementBillionaire and early OpenAI backer Vinod Khosla says he supports the forced divestiture of the social media platform TikTok from its Chinese parent company, ByteDance. This story is available exclusively to Business Insider subscribers.

Persons: Vinod Khosla, Khosla, —, ByteDance Organizations: CCP, Service, Financial Times, Business Locations: China

☆ Alibaba shares jump after founder Jack Ma reemerges with praise of Chinese giant's 'transformations'
▼ + stars: | 2024-04-10 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Jack Ma, founder of Alibaba, reappeared in the public view in China for the first time in months. Alibaba founder Jack Ma on Wednesday praised the company's reorganization and change over its tumultuous past year, marking the billionaire's second major public statement to employees in just a few months. Daniel Zhang, longtime CEO of Alibaba Group, unexpectedly quit and then stepped down as CEO of the company's cloud unit. Ma is reemerging at a time when Alibaba employees are likely in need of a morale boost. The Alibaba founder also said Alibaba needs to think what e-commerce looks like in three years' time, especially since the arrival of artificial intelligence.

Persons: Jack Ma, Alibaba, Ma, ByteDance, Daniel Zhang, Eddie Yongming Wu, Joe Tsai, Tsai, Wu Organizations: CNBC, Wednesday, Ant Group, Alibaba, Cainiao Locations: China, Beijing

☆ TikTok's owner is raking in cash
▼ + stars: | 2024-04-10 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +1 min

TikTok's parent company, ByteDance, saw a 60% revenue increase in 2023, Bloomberg reported. TikTok has driven ByteDance's recent success, allowing it to break into global e-commerce markets. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRevenue to ByteDance, TikTok's parent company, grew by about 60% last year, blowing its competition out of the water. That success was powered by "TikTok Shop," which helped ByteDance, a Chinese company, break into international e-commerce markets in the United States and Southeast Asia.

Persons: TikTok, — Organizations: Bloomberg, Service, Business Locations: ByteDance, United States, Southeast Asia

☆ What all the cool kids want. How 6 portfolio stocks fared in Piper Sandler's new survey of teen likes and dislikes
▼ + stars: | 2024-04-09 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Piper Sandler has released the spring edition of its semiannual "Taking Stock With Teens Survey," with solid results for several names in our portfolio. They added, that in their view, the Starbucks brand remains a "relevant social currency among teens." But they noted that Nike is now "starting to see weakness in overall brand mindshare." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Piper Sandler, it's, Estee Lauder, Locker —, Instagram, TikTok, China's ByteDance, Dunkin, Locker, Foot, Jim Cramer's, Jim Cramer, Jim, Avishek Das Organizations: Teens Survey, Apple, Facebook, Apple Watch, Starbucks, MAC, Sporting Goods, Nike, Piper, CNBC, Getty Locations: Piper's, Israel, Asia

☆ Mike Gallagher on Why Conservatives Want TikTok Sold - The New York Times
▼ + stars: | 2024-04-01 | by ( Jane Coaston | ) www.nytimes.com time to read: +1 min

Last month, the House passed a bill that would require TikTok’s parent company to sell its U.S. business to a company without ties to the Chinese government, or face a ban of the TikTok app in the United States. In Washington, which has become increasingly hawkish toward the Chinese government, worries and fears about the Chinese Communist Party’s role in ByteDance are widespread. But outside Capitol Hill, millions of people — especially younger Americans — use TikTok everyday for entertainment and increasingly for search. Representative Mike Gallagher, the Wisconsin Republican, is a co-sponsor of the legislation — he’s about to leave Congress but if this becomes law, it will have an effect on social media and U.S.-China relations long after his departure. Many lawmakers in both parties are concerned about the effects of social media on teens.

Persons: Mike Gallagher, Donald Trump’s Organizations: Communist, Wisconsin Republican Locations: United States, Washington, ByteDance, Hill, China

☆ Here's the state of the AI trade after a great first-quarter run for many of our portfolio stocks
▼ + stars: | 2024-04-01 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

As the second quarter begins, we're taking stock of the AI trade. Microsoft leads There's no denying Microsoft's execution, which paved the way for generative AI to go mainstream and the company to then make money from the emerging technology. Alphabet may have messed up by letting Microsoft leap ahead on generative AI, but the company has years of experience in artificial intelligence research. That alone should tell you just how big these companies are betting that generative AI will indeed be transformative — on par with smartphones or the internet itself. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jefferies, There's, OpenAI's ChatGPT, Siri can't, Claude, Claude 3, That's, Meta, Jim Cramer's, Jim Cramer, Jim, Peter Dasilva Organizations: Microsoft, Jefferies, Google, Apple, Developers Conference, Amazon, CNBC, Olympus, Facebook Locations: Siri, U.S, Meta, Mountain View , California

☆ How the Israel-Hamas War Has Roiled TikTok Internally
▼ + stars: | 2024-03-28 | by ( Sapna Maheshwari | ) www.nytimes.com time to read: +1 min

When Barak Herscowitz joined TikTok two years ago in the company’s Tel Aviv office, his role was to recruit Israeli government agencies and other public-sector groups to join the video service and take advantage of its popularity. His pitch: TikTok was a powerful communication tool and getting more influential in the country by the day. And he was not satisfied with the response from the company when he raised those concerns. TikTok has been dogged for months by accusations that its app has shown a disproportionate amount of pro-Palestinian and antisemitic content to users of its hugely popular video platform. TikTok has strongly rejected those arguments, and its executives have met multiple times with Jewish groups to discuss those concerns.

Persons: Barak Herscowitz, TikTok, Herscowitz, Naftali Bennett Locations: Tel Aviv, Israel

☆ TikTok creators worry about free speech and income streams if ban succeeds: 'My livelihood is at stake'
▼ + stars: | 2024-03-28 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

Some creators worry they will lose the boost in income the platform provides if the ban becomes law. If it does not, the app would be effectively banned in the U.S.A ban on TikTok could have dire effects on some creators' bottom lines. The TikTok page, where she started the company, has 1.3 million followers. Many major TikTok stars have been diversifying their income streams as well — some beginning long before the potential ban. Charli D'Amelio's page, which boasts 152 million followers, has led to numerous other ventures.

Persons: they'll, Emily Swift, TikTok, Swift, I've, Hannah Williams, Williams, Brandon Edelman, Charli, Dunkin, She's Organizations: Facebook, YouTube, Hulu, Forbes, CNBC Locations: TikTok, U.S, Bridgeport , Connecticut, New York

watch nowNearly half of Americans are concerned enough about TikTok being a threat to national security that they support banning the social media service or forcing a sale to a non-Chinese company, according to the latest CNBC All-America Economic Survey. The nationwide survey of 1,001 Americans revealed that 20% of participants said TikTok should be banned no matter what. Of survey participants who are also daily TikTok users, about two-thirds think the government should not prohibit the social media app. Known as "shoelover99" on the social media app, Nichols boasts more than 12.5 million followers. Differences among political linesAmong survey participants, 40% of Democrats were in favor of a ban or forced sale, while 38% were opposed.

Persons: it's, ByteDance, Shou Zi Chew, Ophelia Nichols, Nichols, TikTok didn't, Donald Trump Organizations: CNBC, America Economic Survey, Senate, U.S . Capitol, Capitol Locations: American, It's, Alabama

NEW YORK (AP) — The Federal Trade Commission is investigating TikTok over its data and security practices, a probe that could lead to a settlement or a lawsuit against the company, according to a person familiar with the matter. In its investigation, the FTC has been looking into whether TikTok violated a portion of federal law that prohibits “unfair and deceptive” business practices by denying that individuals in China had access to U.S. user data, said the person, who is not authorized to discuss the investigation. FTC spokesperson Nicole Drayton and TikTok declined to comment on the investigation, which was first reported by Politico. The agency is nearing the conclusion of its investigation and could settle with TikTok in the coming weeks. Lawmakers and intelligence officials have said they worry the platform could be used by the Chinese government to access U.S. user data or influence Americans through its popular algorithm.

Persons: TikTok, Nicole Drayton, there’s, Mark Warner, Marco Rubio, Lina Khan, ByteDance, hasn’t Organizations: Federal Trade Commission, FTC, Politico, TikTok, Justice Department, Republican, Buzzfeed, Buzzfeed News, The Financial Times, Senate Locations: Washington, U.S, Beijing, China

☆ Analysis: Trump’s DJT stock creates a unique new ethical nightmare
▼ + stars: | 2024-03-26 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

In the meantime, he’s also trying to sell “God Bless the USA” Bibles via his social media platform Truth Social for $59.99. )”A history of bankruptcyAnother note of caution for investors in DJT should the history of the last company Trump took public. Trump’s casino company also went by the ticker DJT, but on the New York Stock Exchange between 1995 and 2004, when it went bankrupt and was delisted. None of that has stopped what some experts have referred to as a bubble forming around the Trump Media & Technology Group. Susquehanna International Group did not return a request for comment about the company’s stake in Trump Media & Technology Group.

Persons: ”, Donald John Trump, he’s, CNN’s Matt Egan, “, Kara Swisher, Laura Coates, Egan, Reddit, Trump, Daniel Dale, Jeff Yass, Jordan Libowitz, ” Libowitz, Kedric Payne, ” Payne, can’t, weren’t Organizations: CNN, Nasdaq, Trump, “ Trump Media, Trump Media, New York Stock Exchange, Trump Media & Technology, NYSE, GameStop, AMC, Susquehanna International Group, Yass ., Yass . Susquehanna International Group, Trump Media & Technology Group, Supreme, DC, Trump Organization, New York Times Locations: United States, New York, DJT, Trump’s, ByteDance, TikTok, Yass, Trump, Yass . Susquehanna, Washington, Saudi Arabia, Qatar, DC

☆ FTC investigating TikTok over privacy and security
▼ + stars: | 2024-03-26 | by ( Brian Fung | Samantha Delouya | ) edition.cnn.com time to read: +1 min

CNN —The Federal Trade Commission is investigating TikTok for its data and security practices, two sources told CNN on the condition of anonymity. The agency is also investigating whether TikTok violated a portion of the FTC Act, which prohibits “unfair or deceptive acts or practices in or affecting commerce,” the sources said. The FTC could bring a suit against TikTok in the coming weeks, according to the sources. The FTC probe comes as TikTok faces an existential threat in the US. The short-form video company, owned by Chinese firm ByteDance, has denied assertions that its app poses a national security threat to US citizens.

Persons: TikTok, Public Affairs Douglas Farrar, “, ” TikTok, Joe Biden Organizations: CNN, Federal Trade Commission, FTC, TikTok, Politico, Public Affairs, Senate Locations: China

☆ The U.S. Investors Caught in the Scrum Over TikTok
▼ + stars: | 2024-03-26 | by ( Lauren Hirsch | ) www.nytimes.com time to read: +1 min

For years, the U.S. investors who backed ByteDance, the Chinese internet company that owns TikTok, have wrestled with the complexities of owning a piece of a geopolitically fraught social media app. A bill to force ByteDance to sell TikTok is winding its way through the Senate after sailing through the House this month. In December, a Missouri pension board voted to divest from some Chinese investments, following political pressure from the state treasurer. The Beijing-based company has grown into one of the world’s most highly valued start-ups, worth $225 billion, according to CB Insights. That’s a boon, at least on paper, for U.S. investors who put money into ByteDance when it was a smaller company.

Persons: it’s, ByteDance, Biden Organizations: Senate, General Atlantic, Susquehanna International Group, Sequoia Capital, Administration, U.S Locations: U.S, China, Missouri, Florida, Beijing, ByteDance

☆ Digital Markets Act: Apple, Google and Meta at risk of ‘heavy’ fines as Europe launches new probes
▼ + stars: | 2024-03-25 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +2 min

London CNN —The European Union has launched investigations into Apple, Google and Facebook parent Meta on suspicion that they are failing to comply with a new landmark European law designed to promote competition in digital services. The European Commission said it “suspects” that various practices by all three companies “fall short of effective compliance” with the Digital Markets Act (DMA), which went into effect earlier this month. If the probes find a “lack of full compliance,” they could face “heavy fines,” said European Commissioner Thierry Breton. The practices the European Commission is investigating include what it calls Meta’s “pay or consent” approach. Last October, Meta (META) launched a subscription service, called “Subscription for no ads,” allowing European users of Facebook and Instagram to pay up to €12.99 ($14) a month for ad-free versions.

Persons: “, ”, Thierry Breton, Elon Musk’s, Meta’s, Meta’s ‘ Organizations: London CNN, European Union, Apple, Google, European Commission, Digital Markets, Microsoft, Commission, Meta, Facebook, CNN

☆ Members of Congress are getting pushback on the TikTok ban from their own angry Gen Z kids
▼ + stars: | 2024-03-25 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +4 min

Read previewMembers of Congress who voted in favor of banning TikTok in the US unless its parent company sells it have faced backlash from their own kids. Rep. Chip Roy, a Republican from Texas, told the outlet he doesn't allow his kids to use their phones unsupervised. "They wanted to make sure I wasn't going to vote to ban TikTok," she told The Journal. Some influencers and small business owners fear a ban will destroy their livelihoods, with years of content and hard work "deleted forever." AdvertisementHis office told Business Insider he was sorry for how he handled communicating the news to his followers, but did not regret his vote.

Persons: —, Joe Biden, TikTok, Josh Gottheimer, Rep, Hillary Scholten, didn't, Z, Sen, John Fetterman, Todd Young, Chip Roy, Nancy Mace, Mace, Jeff Jackson Organizations: Service, Wall Street Journal, Business, Senate, New, Democrat, Indiana Republican, Republican, TikTok Locations: Beijing, New Jersey's, Michigan, Pennsylvania, Texas, South Carolina, North Carolina

☆ Apple to launch Vision Pro in China this year, Tim Cook says
▼ + stars: | 2024-03-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

In a video posted on one of CCTV's accounts on Chinese social media site Weibo, Cook was heard responding "yes," when asked if the Vision Pro would launch in China this year. In China, Apple will compete against local headset players such as Pico, which is owned by TikTok's parent company ByteDance. Cook has been in China for the past few days, touring a new Apple store in Shanghai and attending the China Development Forum in Beijing. "I am very confident in it (China)," Cook said, according to news package posted on one of CCTV's Weibo accounts. "I love China, I love being here, I love the people and the culture.

Persons: Cook, China Organizations: Apple, China Development Forum, Huawei Locations: U.S, Weibo, China, Pico, Shanghai, Beijing

☆ These 5 portfolio stocks outran the market in Wall Street's strong week. Here's what fueled their gains
▼ + stars: | 2024-03-23 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

AVGO YTD mountain Broadcom (AVGO) year-to-date performance Shares of Broadcom jumped 9.55% this week, occupying the top spot among portfolio stocks. Broadcom stock jumped 3% Wednesday, as investors digested its event. FL YTD mountain Foot Locker (FL) year-to-date performance Foot Locker was the week's second-best performer, advancing 8.5% over the past five sessions. SWK YTD mountain Stanley Black & Decker (SWK) year-to-date performance Stanley Black & Decker stock advanced 7.41% this week, grabbing the No. F YTD mountain Ford Motor (F) year-to-date performance Shares of Ford Motor rose 7.05% this week, rounding out the list at No.

Persons: Cowen, Jim Cramer, Locker, Jim, Decker, Stanley Black, Jensen Huang, Jim Cramer's, Hock Tan, Broadcom Lucas Jackson Organizations: Wall, Broadcom, Wall Street, Google, JPMorgan, Citigroup, Nvidia, GTC, Ford, U.S, Management, CNBC

Search resuls for: "ByteDance"

25 mentions found