The Spotify logo on a smartphone arranged in Saint Thomas, U.S. Virgin Islands, on Saturday, Jan. 29, 2022. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday tr...
Tag: Meta Platforms Inc
SAP CEO says the world is entering the ‘next phase of globalization’
The CEO of German tech giant SAP said the world is entering the next phase of globalization — and he’s largely optimistic on the outlook for technology despite challenges posed by higher interes...
Nelson Peltz’s attempt to join Disney’s board could force accountability
If Nelson Peltz were to win his fight to join Walt Disney ‘s (DIS) board of directors, the activist investor could force a level of accountability at the company that’s sorely needed. Pelt...
Cameron Winklevoss and Barry Silbert are in a bitter battle in crypto
Tyler Winklevoss, chief executive officer and co-founder of Gemini Trust Co., left, and Cameron Winklevoss, president and co-founder of Gemini Trust Co., speak during the Bitcoin 2021 conference in Mi...
Coinbase to slash 20% of workforce in second major round of job cuts
Brian Armstrong, co-founder and chief executive officer of Coinbase Inc. David Paul Morris | Bloomberg | Getty Images Coinbase is cutting about a fifth of its workforce as it looks to preserve cash du...
These 6 Club stocks look reasonably priced as Wall Street shuns high flyers
We’re growing increasingly worried about some richly valued companies in our portfolio, including the likes of Nvidia (NVDA) and Microsoft (MSFT). Expensive stocks remain out of favor on Wall St...
Jim Cramer predicts these 10 S&P 500 stocks will perform well in 2023
CNBC’s Jim Cramer on Wednesday offered investors a selection of stocks that he believes will do well this year. To come up with his picks, he examined the best- and worst performers in the S&...
More tech layoffs are coming after Salesforce’s 10% cut
CNBC’s Jim Cramer on Wednesday warned investors that the tech industry will likely see more layoffs due to continuing macroeconomic headwinds. “There are so many tech companies with bloate...
Michael Burry of ‘Big Short’ fame expects another ‘inflation spike’ after recession rocks U.S.
U.S. inflation may be receding for now, but investors should brace for another “spike” in the not-too-distant future, according to Scion Asset Management founder Michael Burry, who posted the warning ...
Money managers are hopeful about the stock market in 2023. How they plan to invest
Traders on the floor of the NYSE, Oct. 7, 2022. Source: NYSE (Click here to subscribe to the new Delivering Alpha newsletter.) Despite this year’s market havoc, investors are feeling fairly opti...
Tesla is not alone: 18 (and a half) other big stocks are headed for their worst year on record
In the worst year for stocks since the Great Recession, several big names are headed for their worst year on record with just one trading day left in 2022. The S&P 500 index SPX, +1.75% and Dow Jo...
Tech IPO market collapsed in 2022; next year doesn’t look much better
The Nasdaq MarketSite in New York. Michael Nagle | Bloomberg | Getty Images Following a record-smashing tech IPO year in 2021 that featured the debuts of electric car maker Rivian, restaurant software...
U.S. stocks end higher, but S&P 500 logs 3rd straight weekly decline ahead of Christmas
U.S. stocks ended higher in a choppy, preholiday session Friday as an inflation report and a raft of other data did little to change expectations that the Federal Reserve would likely continue hiking ...
Cramer warns investors not to repeat this year’s mistakes when it comes to tech stocks
CNBC’s Jim Cramer on Friday warned investors to exercise caution when approaching mega-cap tech stocks that got hammered this year. “If we see these stocks creeping back up to their old le...
Tesla, Nutanix, Meta and more
Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla CEO Elon Musk said he would refrain from selling any more Tesla stock for 18 to 24 months. Musk has sold about $39 billio...
Disney, Tesla, Mesa Air and more
Visitors learn about a Tesla model S at the auto exhibition area of the 5th China International Import Expo in Shanghai, China, November 7, 2022. CFOTO | Future Publishing | Getty Images Check out the...
Aerojet Rocketdyne, Tesla, Mesa Air and others
Check out the companies making headlines before the bell: Aerojet Rocketdyne (AJRD) – Aerojet Rocketdyne agreed to be bought by rival defense contractor L3Harris Technologies (LHX) for $4.7 billion, o...
Meta, Maxar Technologies, Ford, Goldman Sachs and more
The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. Arnd Wiegmann | Reuters Check out the companies making headlines in midday trading. Meta Platforms – Shares of Meta Platforms ro...
Accenture, Winnebago, Maxar Technologies and more
Check out the companies making headlines before the bell: Accenture (ACN) – The consulting firm’s shares fell 1.5% in the premarket despite beating estimates on the top and bottom lines for its ...
Moderna, First Solar, Pinterest, Norwegian Cruise Line and more
Vials with Pfizer-BioNTech and Moderna coronavirus disease (COVID-19) vaccine labels are seen in this illustration picture taken March 19, 2021. Dado Ruvic | Reuters Check out the companies making hea...
Can you live on a cruise ship? Yes, and here’s how much it costs
Austin Wells loves to travel the world. But he doesn’t like long flights, jet lag or an unsettled routine. And that’s why, Wells, who is 28 and lives in San Diego, leased a residence on bo...
Intel begins layoffs and offers unpaid leave to manufacturing workers
The layoffs and cost-cutting that Intel Corp. executives recently warned about have begun in California, with a couple of hundred employees set to lose their jobs next month, and manufacturing employe...
Textron, Charter, Estee Lauder, Signet and more
Beechcraft King Air turboprop aircraft are seen on the assembly line at the Textron Aviation Inc. production facility in Wichita, Kansas, on Thursday, June 7, 2018. Luke Sharett | Bloomberg | Getty Im...
New crypto wallet designed by iPod creator Tony Fadell
The creator of the iPod, Tony Fadell, designed a new hardware wallet for people to store their cryptocurrency. The product, created by French crypto asset security firm Ledger, launched at the company...
Tech jobs gain despite wave of layoff announcements, but warning signs abound
The tech industry continued to add jobs despite the tens of thousands of layoffs that were announced in November, though tech job postings continued a downward slide, according to an analysis of U.S. ...
Netflix CEO Reed Hastings on advertising turnaround and Google, Facebook
Reed Hastings, co-founder, chairman, and co-chief executive officer of Netflix, arrives for the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S. July 6, 2021. Brian Losness ...
Klarna CEO says layoffs timing was ‘lucky,’ eyes 2023 profitability
Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022. Chris Ratcliffe | Bloomberg via Getty Images HELSINKI, Finland — Klarna will become profitable a...
Spotlight on layoffs: Cuts at Amazon, Cisco, Roku, Meta, Twitter, Intel and more
From HP, Amazon, Roku and Beyond Meat to Meta and Twitter, big names across a number of sectors have announced major layoffs in October and November. Alphabet Inc. GOOGL, +1.45% GOOG, +1.53% is consid...
Four-day workweek is new standard for 40% of companies, EY study finds
A man walks on Wall St. during the morning commute, as the city deals with record temperatures and the excessive heat, in New York, July 20, 2022. Brendan McDermid | Reuters A cooling economy, rising ...
Microsoft, Meta, others face rising drought risk to their data centers
Drought conditions are worsening in the U.S., and that is having an outsized impact on the real estate that houses the internet. Data centers generate massive amounts of heat through their servers bec...
Ad market worse now than during pandemic lows, David Zaslav says
David Zaslav Anjali Sundaram | CNBC The advertising market is currently weaker than at any point during the coronavirus pandemic slowdown of 2020, Warner Bros. Discovery Chief Executive David Zaslav s...
From Elon Musk to Sam Bankman-Fried, a bad week for market geniuses
From the FTX bankruptcy and downfall of crypto “rock star” Sam Bankman-Fried to the chaos at Twitter, it has not been a good week for the geniuses of capitalism. Elon Musk’s abrupt a...