Nearly 100 Facebook janitors were laid off from the tech giant’s California offices Friday, two months after being told their jobs would be safe. The number of job cuts was actually supposed to be clo...
Tag: Computers/Consumer Electronics
Verizon is ‘not going to throw away money’ to woo consumers with cheaper phones, CEO says
In a competitive market for wireless deals, Verizon Communications Inc.’s chief executive says the company is “not going to throw away money” on promotions. The company recently rolled out its deals f...
Taiwan Semiconductor Is a Top Pick in a Weak Chip Market, Says Analyst
Text size The Taiwan Semiconductor Manufacturing building in Taichung, Taiwan. I-Hwa Cheng/Bloomberg Bernstein believes investors should look through any immediate hiccups and focus on Taiwan Semicond...
Seagate Warns Disk Drive Demand Continues to Erode
Text size Seagate has been hurt by weakening demand for its disk drives in China, among other places. Dreamstime Seagate Technology continues to see weakening demand across the disk-drive business, CE...
This superbull at JPMorgan who called the summer rally sees a soft landing ahead. Here’s his advice on stocks and oil.
A fifth-straight win was taken off the table after August CPI numbers surprised on the upside. And it looks like there’s nothing to sway the Fed from a 75-basis-point hike this month. Still, when it d...
Western Digital CEO Warns Of Sharp Decline In NAND Memory Business
Text size Western Digital CEO David Goeckeler said the company has seen a sharp erosion in pricing for NAND flash memory based storage over the last month. Dreamstime Western Digital has seen business...
Oracle Stock Rises. Sales Topped Guidance but Profits Missed.
Text size Oracle’s headquarters. The software giant’s earnings disappointed. Justin Sullivan/Getty Images Oracle posted mixed numbers for the quarter. Revenue edged out guidance, but profi...
IHS Is a Play on Emerging Market Cellphones. Why the Stock Looks Like a Buy.
Text size IHS’s organic revenue growth has been 18% a year over the past half-decade. Dreamstime IHS Holding is the new kid on the block in the cell-tower world—and its stock may be worth buying. Runn...
Shopify Announces Changes in Top Leadership
Text size The company announced a 10% cut to its workforce in July. Dreamstime Shopify announced a new chief financial officer and chief operating officer on Thursday, a little less than two months af...
Verizon says it’s ‘very challenging being the premium brand’ but that new efforts will pay off
The iPhone 14 arrives during a tough climate for the U.S. wireless market, but a Verizon Communications Inc. VZ, +0.58% executive is upbeat about the efforts her company has taken both before and in r...
GameStop, Apple, Kroger, NIO, and Other Stocks for Investors to Watch This Week
Text size U.S. stock and bond markets will be closed on Monday for Labor Day. It’s a quiet week on the earnings calendar once investors return from the long weekend, but a few major economic-data rele...
Rising Pressure on Profits Darkens Outlook for Tech Shares
Micron Technology is among the companies that have warned about softening PC demand. Courtesy Micron Text size In early summer, I wrote a Tech Trader column previewing the June quarter earnings season...
MicroStrategy’s Michael Saylor Sued for Alleged Tax Fraud in Washington, D.C.
By Vicky Ge Huang and Richard Rubin Aug. 31, 2022 6:17 pm ET Listen to article (2 minutes) The District of Columbia attorney general sued Michael Saylor, the founder and chairman of software intellige...
Lucid, SoFi, and 3 Other SPAC Stocks Whose Downturns Might Be Ending
Text size Most SPAC-related stocks, including Virgin Galactic, haven’t been soaring in recent months. Courtesy Virgin Galactic Sometimes the best time to look for new investment ideas are when t...
Nvidia Warns of Sales Hit from New U.S. Chip Licensing Requirements For China
Listen to article (2 minutes) Nvidia could lose as much as $400 million in quarterly sales after the U.S. imposed new licensing requirements on shipments of some of its most advanced chips to China, t...
Roblox stock drops as Wall Street sees a ‘Pandora’s box of problems’
Roblox Corp.’s stock continued to sell off Friday as analysts questioned growth initiatives presented at the social-media company’s investor day on Thursday and August performance that came in lower t...