The markets are likely to see high periods of volatility as investors assess the economic damage from the Omicron variant. Here's more on that impact and other top news on Monday, November 29, 2021.
Microsoft (NASDAQ: MSFT) recently became a hot topic after CEO Satya Nadella sold more than half of his shares for about $285 million on Nov. 22 and 23. When Nadella took over as Microsoft's third CEO in 2014, the tech giant was in serious trouble. Microsoft's cloud business became its core growth engine, and the company's revenue surged from $86.8 billion in fiscal 2014 to $168.1 billion in fiscal 2021, which ended this June, as its earnings per share more than tripled.
(Bloomberg) -- Megacap tech stocks are already pricey, but the omicron coronavirus strain may make them even more expensive given their defensive characteristics.Most Read from BloombergChina Cash Flowed Through Congo Bank to Former President’s Cronies‘Pension Poachers’ Are Targeting America’s Elderly VeteransReliving the New York Subway Map DebateStrategists say the group has the potential to outperform from here due to expectations for interest-rate hikes being pushed back and the focus turnin