CNBC’s Jim Cramer reminded investors to own profitable, recession-proof stocks rather than conceptual ones after major tech stocks tumbled on Thursday. He noted that while the stocks took a hit,...
Tag: Meta Platforms Inc
Coinbase hiring pause for ‘foreseeable future’ and will rescind offers
Two weeks after announcing plans to slow hiring, crypto exchange Coinbase now says the freeze will extend into the “foreseeable future.” The company will also be pulling some accepted job ...
Sheryl Sandberg’s Facebook stock sales total $1.7 billion since 2012
Sheryl Sandberg leaves Meta as one of the highest-profile and most successful women in tech — and after more than $1.7 billion in stock sales. Sandberg announced Wednesday that she is stepping down fr...
Microsoft, Chewy, GameStop, MongoDB & more
Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. Charles Platiau | Reuters Check out the companies making headlines in midday trading Thursday. Microsoft ...
Opinion: With Sheryl Sandberg gone from Facebook, Wall Street should fear its future
When Sheryl Sandberg first joined Facebook in 2008, she was often referred to as the “adult in the room” that could help co-founder and Chief Executive Mark Zuckerberg, then just 24 years old, turn it...
Binance raises $500 million fund to invest in Web3 startups
Binance is the world’s biggest cryptocurrency exchange, handling $490 billion of spot trading volumes in March 2022. Akio Kon | Bloomberg | Getty Images Binance, the world’s largest crypto...
Broadcom’s Meta Pact May Mean a Billion Dollars a Year, Says J.P.Morgan
Text size A Broadcom Corp. Tomahawk chip. David Paul Morris/Bloomberg J.P.Morgan believes chip maker Broadcom will be a big beneficiary of the metaverse. On Tuesday, analyst Harlan Sur said Broadcom (...
These three Big Tech stocks have ‘nowhere else to go but up’
CNBC’s Jim Cramer told investors on Tuesday that some stocks have fallen so far from their highs that they will inevitably rally. “While they may stay losers, the bottom line is they’...
U.S. job market divide boosts some workers’ prospects, puts others on notice
A help wanted sign is displayed in the window of a Brooklyn, New York business. Spencer Platt | Getty Images Cracks are forming in the U.S. labor market as some companies look to curb hiring while oth...
Snap, Abercrombie & Fitch, Roblox and more
A man photographs a banner for Snap Inc. on the facade of the New York Stock Exchange on the morning of the company’s IPO in New York City, March 2, 2017. Brendan McDermid | Reuters Check out th...
Best Buy, Abercrombie & Fitch, Snap and more
Take a look at some of the biggest movers in the premarket: Best Buy (BBY) – Best Buy jumped 5.2% in the premarket after the electronics retailer reported a mixed quarter. Best Buy fell 4 cents a shar...
Nokia CEO says 6G will arrive by 2030 and AR glasses will overtake phone
Mehdi Bennis is an associate professor at the University of Oulu in Finland researching 6G. Elizabeth Schulze | CNBC Nokia CEO Pekka Lundmark expects 6G mobile networks to be in operation by the end o...
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...
Netflix lays off 150 employees
Netflix is laying off around 150 employees across the company, CNBC confirmed Tuesday. The eliminated positions represent less than 2% of the streamer’s 11,000 staffers, with most of the cuts ha...
Coinbase (COIN) to slow hiring amid plunge in crypto and tech stocks
Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped. Chesnot | Getty Images Coinbase has become the latest tech company to warn of a slowdown in hiring. Th...
Mastercard tech that lets you pay with your face or hand in stores
Mastercard’s biometric checkout technology lets users pay by scanning their face or palm. Mastercard Mastercard is piloting new technology that lets shoppers make payments with just their face o...
15 stocks that have fallen at least 33% but by these measures are still standouts in their sectors
During a year in which more than half of the stocks in the S&P 500 Index have declined 10% or more, you have probably seen the term “oversold” being bandied about. But what does oversold really me...
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...
Hedge fund winners and losers emerge in brutal tech-driven sell-off
The stock market is going through a period of uncertainty and volatility, but some sectors could benefit from that. Timothy A. Clary | AFP | Getty Images (Click here to subscribe to the Delivering Alp...
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 ...
With interest rates rising, it’s time to focus on MANG stocks instead of FAANG, according to Jefferies
Heading into the Federal Open Market Committee’s policy meeting, analysts at Jefferies on May 3 advised investors to avoid the popular FAANG + Microsoft group of stocks. They pointed instead to a grou...
Supreme Court leaked Roe v Wade draft: Companies keep quiet
Demonstrators hold up signs during a protest outside the U.S. Supreme Court, after the leak of a draft majority opinion written by Justice Samuel Alito preparing for a majority of the court to overtur...
Many tech stocks that have crashed are still too expensive to buy
I came across this list of crashed big cap tech stocks on Twitter on April 23: I’ve analyzed every one of those stocks over the last year. When thousands of stocks are down 70%-80% or even 90%, there ...
Opinion: Big Tech is no longer winning as big, but these two stocks still seem safe
The Big Tech earnings boom is officially over, but some of the world’s most powerful and valuable companies are breaking off from the pack. As this column told you months ago, profit increases are no ...
Jim Cramer says he’d buy Facebook after earnings beat, but it’s too soon for ‘a victory lap’
CNBC’s Jim Cramer said Thursday that Facebook parent Meta is a buy after the social media platform beat Wall Street expectations on earnings in its first quarter. “While it’s too soo...
Bet against ‘superstar’ executives at your own peril
CNBC’s Jim Cramer on Thursday advised investors to trust big-name executives – especially those at the helm of the major companies that just reported quarterly earnings. “You bet against t...
Boomers are leaving the stock market. Here’s what comes next, says this strategist.
Stocks are in the green for Thursday, with Facebook parent Meta Platforms in the driver’s seat after less disastrous than feared results. Gains are a bit less than what stock futures were promising th...
Meta, McDonald’s, Teladoc, Ford and more
Pavlo Gonchar | LightRocket | Getty Images Check out the companies making headlines in midday trading. Meta Platforms — Shares of the company formerly known as Facebook surged 17% after reporting mixe...
Meta, Teladoc, Pinterest, Qualcomm and more
Woman holds smartphone with Meta logo in front of a displayed Facebook’s new rebrand logo Meta in this illustration picture taken October 28, 2021. Dado Ruvic | Reuters Check out the companies m...
Cramer debuts new stock grading system, evaluates 6 major companies
CNBC’s Jim Cramer on Wednesday offered his thoughts on whether companies that recently reported their quarterly earnings are investable, leaning on his newly introduced grading system. “Th...
Meta, Qualcomm, Ford, PayPal and more
Woman holds smartphone with Meta logo in front of a displayed Facebook’s new rebrand logo Meta in this illustration picture taken October 28, 2021. Dado Ruvic | Reuters Check out the companies m...
Weekend reads: If you agree that inflation has peaked, buy stocks in this sector
If everyone agreed about the direction of the economy, investing would be easy. But there are mixed signals about whether the rate of inflation has peaked, at least in the U.S. If you are among those ...