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What happened Shares of Walmart (NYSE: WMT) were rising 5% in afternoon trading Thursday after it was reported the retail giant was partnering with Microsoft (NASDAQ: MSFT) to bid on TikTok, the popular Chinese video sharing site that has run afoul of U.S. national security conc

According to CNBC, video-sharing service TikTok may announce the sale of its operations in North America, Australia, and New Zealand as soon as next week, with a likely closing price between $20 billion and $30 billion. Several potential buyers are in the running, including Wal

The S&P 500 and the Dow advanced on Thursday as investors digested the U.S. Federal Reserve's new strategy to adopt an average inflation target and restore the United States to full employment, as well as a promising development in the fight against COVID-19.

The S&P 500 hovered near record level on Thursday as a rally in technology stocks lost steam, weakening the momentum gained from the Federal Reserve's plan to allow inflation in a bid to lift the U.S. economy out of a deep pandemic-driven recession.

While the Dow Jones Industrial Average (DJINDICES: ^DJI) lagged the other major U.S. stock indexes on Wednesday, Thursday was a different story. The Dow was up about 0.65% at 12:20 p.m. EDT, following a few economic and pandemic-related developments.

Walmart Inc is partnering with Microsoft Corp in the software maker's bid for Bytedance-owned TikTok, the world's largest retailer said on Thursday.

A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".

In early trading on Thursday, shares of Boeing topped the list of the day's best performing Dow Jones Industrial Average components, trading up 5.3%. Year to date, Boeing has lost about 44.4% of its value.

Kneron Inc, a semiconductor startup backed by venture capital arms of Qualcomm Inc and Alibaba Group Holding Ltd, on Thursday announced a new chip aimed at handling artificial intelligence functions on battery-powered devices.

TikTok Chief Executive Officer Kevin Mayer's exit indicates that a deal, likely a sale to Microsoft, could come in the next 48 hours, CNBC reported on Thursday, citing sources.

The stock market has been on a tear following its massive plunge in March. The S&P 500 has jumped 20% over the past 12 months, and some of that growth is thanks to tech stocks that are performing well despite the pandemic and the U.S. recession. 

Asian stocks will likely climb on Thursday after the S&P 500 and Nasdaq rallied to fresh records on upbeat corporate results, while the dollar eased a day before the U.S. Federal Reserve possibly sets a new course on inflation.

Box Inc raised its annual revenue target and beat estimates for quarterly results on Wednesday, as more people opted for its online software services to manage and store content while working from home due to the COVID-19 pandemic.

The NASDAQ 100 After Hours Indicator is up 16.86 to 11,988.8. The total After hours volume is currently 44,024,021 shares traded.The following are the most active stocks for the after hours session: Microsoft Corporation (MSFT) is -0.13 at $221.02, with 1,953,029 shares traded.,

Box Inc's quarterly revenue beat estimates on Wednesday, as more people opted for its online software services to manage and store content while working from home due to the COVID-19 pandemic.

Microsoft has been working on integrate and enhance its cloud, edge computing, and IoT capabilities with 5G technology by entering into partnerships and acquisitions.

A gauge of global equity markets jumped to an all-time peak on Wednesday, after the S&P 500 and Nasdaq rallied to fresh records on upbeat corporate results, while the dollar eased a day before the Federal Reserve potentially sets a new course on inflation.

The S&P 500 and the Nasdaq hit record highs on Wednesday as investors bought into technology stocks that have thrived during the COVID-19 pandemic following the upbeat quarterly results from Salesforce and HP Enterprise.

Stocks may be well up from their March lows, and in many cases are trading at record highs. The fact of the matter is, however, we're in a recession. The second quarter's GDP contraction is on the order of 30%, and while unemployment has somewhat pulled back from its April surge

The U.S. Department of Energy on Wednesday said it will provide $625 million over the next five years for five newly formed quantum information research hubs as it tries to keep ahead of competing nations like China on the emerging technology.