Microsoft Joins the Tech Sector Hiring Slowdown

Text size The news comes after the tech giant said it would nearly double its worldwide budget for staff.  Lisa Maree Williams/Getty Images Microsoft said it is going to slow hiring in select division...

Al Gore’s Firm Bought Alibaba Stock and Salesforce. It Sold Cisco, Microsoft.

Text size Former Vice President Al Gore in 2019. Scott Heins/Getty Images The investment firm co-founded and chaired by former Vice President Al Gore has made big changes in its U.S.-traded investment...

Alibaba Stock Is Rallying After China Moves to Ease Lockdown Measures

Text size Alibaba stock had a terrible 2021, and 2022 isn’t shaping up very well, either. Qilai Shen/Bloomberg Shares in Alibaba , JD.com , NIO , and other Chinese companies surged on Monday fol...

Summer Vacationers Want to Kick It Old School

The new and the high tech are suddenly out of fashion, with the Nasdaq down around 23% this year. That sentiment change seems to have bled into the online travel sector, where the uncool is making a c...

How Gaming Technology Is Powering This Virtual Fit Solution Set To Revolutionize Luxury E-Commerce

Bods virtual fit solution avatar created with Unreal Engine gaming technology software. BODS Virtual fit technology has never enjoyed widespread success but a new fashion tech company is set to change...

DiDi Stock Rises on Report Chinese Auto Giant FAW Is Considering Buying Stake

Text size DiDi’s value has plummeted since it listed in the U.S. last year. Yan Cong/Bloomberg Shares of Chinese ride-hailing company DiDi Global gained after it was reported that carmaker China...

Singapore’s MatchMove Buys E-Commerce Startup Shopmatic In $200 Million Deal

Shopmatic provides small businesses with an e-commerce presence. Getty Images Fintech company MatchMove has acquired e-commerce startup Shopmatic in a $200 million deal to create an end-to-end service...

This Half-Built Ohio Factory Shows How Peloton Mismanaged the Pandemic

In a northwest Ohio industrial park, up the highway from a new Amazon.com Inc. warehouse and a soon-to-open solar-panel plant, Peloton Interactive is building a million-square-foot factory that it wil...

Buy the dip or sell the ‘rip’?: What’s next as S&P 500 tests bear-market territory

Investors, already grappling with a sinking stock market and fears that the U.S. economy may be heading for a recession, now turn their focus to the consumer. For one thing, consumer discretionary sto...

Meta, Uber and Other Internet Stock to Buy After the Big Market Drop

Text size Uber shares are attractive after a 44% decline this year, an analyst says. Justin Sullivan/Getty Images Internet stocks have tumbled worse than the general market as investors have worried a...

WWE And Fanatics To Launch E-Commerce Platform This Summer

Stone Cold Steve Austin during Stone Cold Steve Austin Visits MuchOnDemand in Toronto – April 11, … [+] 2007 at Chum/City Building in Toronto, Ontario, Canada. (Photo by George Pimentel/Wi...

Alibaba Leads Chinese Tech Stocks Into Another Slump. Why More Pain Could Come.

Text size Alibaba stock is down almost 30% this year. Greg Baker/AFP via Getty Images Chinese tech stocks can’t catch a break. Overseas markets have followed Wall Street lower on Thursday after the ug...

You bought. They sold. Meet some of the insiders who unloaded $35 billion in stock amid the tech IPO bonanza before it tanked.

A year ago, Heather Hasson and Catherine “Trina” Spear traveled from Santa Monica, Calif., to New York to ring the opening bell at the New York Stock Exchange. The co–chief executives of FIGS, an onli...

Amazon Stock Plunges in Wake of Target, Walmart Debacles. This Is Why.

Text size Things may be worsening at a rapid pace for Amazon. Cindy Ord/Getty Images Amazon . com shareholders just got another reality check from Walmart and Target . The surprising inability of two ...

Cathie Wood Watch: Ark Buys International-E-Commerce, Biotech Stocks

Renowned investor Cathie Wood, chief executive of Ark Investment Management, bought shares of a biotech and a technology company focused on enabling international e-commerce. She also sold four compan...

Shopee, Garena post strong revenue

Singapore, Singapore – 2021: A large Shopee logo at the entrance to the e-commerce platform’s headquarters at Science Park. (Exact photography date unknown due to incorrect camera settings...

J.P. Morgan Says Buy Tencent and Alibaba. Why They’re Now Positive on Chinese Tech Stocks.

Text size Regulatory change had come sooner than the analysts had anticipated. Greg Baker/AFP via Getty Images Tencent Holdings and Alibaba Group saw their stock jump Tuesday after catching an upgrade...

China ADSs are flying as fading regulatory headwinds send iQIYI, NIO and Alibaba stocks surging

The U.S.-listed shares of China-based companies, surged Tuesday, particularly in the internet sector, as an apparent reduction of regulatory scrutiny has emboldened Wall Street analysts and investors ...

Opinion: Amazon’s stock price has slumped almost 34% this year. This money manager says it’s a steal and could surge 76% to $3,900 in 2 years

The stock market is a funny place: When great businesses go on sale, most people don’t rejoice. Instead they freak out. This presents an excellent opportunity for long-term investors who keep their wi...

The Companies Cutting Staff, Freezing Hiring or Slashing Costs: See the List

Companies which saw substantial growth during the Covid-19 pandemic are starting to take a more cautious approach toward hiring and spending. From Peloton Interactive Inc. and Meta Platforms Inc. to T...

Opinion: This giant pension scandal is hiding in plain sight

Hard working Americans, many on low wages, are losing pension dollars they earned. It affects millions. And it’s legal. In a nutshell: Some of America’s biggest companies run their shop floors so that...

FAANG Stocks Are Crumbling. Why the Pain May Not Be Over.

Shares of Meta Platforms, Facebook’s parent company, are off by more than 40% so far this year. Nick Otto/Bloomberg Text size There has been no refuge for technology investors this year. And it ...

Carvana laying off 12% of workforce, execs to forego salaries for rest of year

DETROIT — Online automotive retailer Carvana Co. says it’s letting go about 2,500 workers, roughly 12% of its workforce, as it tries to bring staffing and expenses in line with sales. The Phoenix comp...

More Bad Times Ahead for These 6 Big Tech Stocks

Text size Amazon stock is down 35% this year. Sebastien Bozon/AFP via Getty Images Not even the high and mighty are immune from the gravitational forces of bear markets. That is the dilemma facing the...

Apple and Amazon Have Fallen for 6 Straight Weeks. There Could Be More Pain Ahead.

Text size People visit the Apple Store in Grand Central Station in New York. Michael M. Santiago/Getty Images Apple and Amazon.com kicked off the second week of May looking as if the stocks would exte...

Giant Pension Bought AMD, Tilray, Uber, and Petrobras Stock

Text size An AMD EPYC processor. Courtesy AMD New Jersey’s state pension materially increased investments in some of its larger positions. State of New Jersey Common Pension Fund D, the pension’s larg...

Opinion: Once richly valued, ‘unicorn’ startups are being gored and investors and funders have stopped believing

When Homer Simpson was asked, “How are we going to get out of this hole?,” he replied, “We’ll dig our way out!” Many people who find themselves in holes they can’t climb out of think that the solution...

No Longer An Easy Way To Make A Fast Buck?

A bicycle courier of grocery delivery company “Gorillas” wears a backpack with the logo of the … [+] startup on his way to deliver purchases in Berlin on July 8, 2021. – The &#...

Shopify’s Earnings Are Coming. What to Expect.

Text size Fears about inflation and weakening e-commerce trends have weighed on Shopify shares. Dreamstime Amazon.com ’s weaker-than-expected e-commerce results dampened expectations for Shopify’s own...

Lyft stock plunges 26% after forecast, rider numbers come up short

Lyft Inc. said Tuesday that it had a better-than-expected first quarter, with Chief Executive Logan Green saying ride-hailing volumes hit “a new COVID high,” but shares plunged after executives’ forec...

Uber moves up earnings report after Lyft forecast sends stock into a slump

After Lyft Inc.’s financial results sent Uber Technologies Inc. shares into a spiral late Tuesday, Uber announced executives would move up the time of their own earnings announcement. Lyft LYFT, -2.35...