A worker inspects a Boeing 737 MAX airliner at Renton Airport adjacent to the Boeing Renton Factory in Renton, Washington on November 10, 2020. Jason Redmond | AFP | Getty Images Check out the compani...
Tag: Meta Platforms Inc
These 21 large-cap stocks have now crashed at least 50%
Stocks soured on April 26, with major declines for broad indexes that underlined what a difficult year it has been, so far, for technology stocks. Below is a list of 21 large-cap stocks that have drop...
Alphabet, Robinhood, Meta and more
The logo of Alphabet Inc’s Google outside the company’s office in Beijing, China, August 8, 2018. Thomas Peter | Reuters Check out the companies making headlines after the bell. Alphabet —...
Tech giants report earnings, be ready for bounces
CNBC’s Jim Cramer urged investors to take advantage of down days like Friday to prepare portfolios for the Federal Reserve‘s upcoming interest rate hikes — but only if they have the means ...
Facebook parent Meta set to take nearly 50% cut from virtual sales — and Apple is calling it out
Facebook parent Meta Platforms Inc.’s intent to take a nearly 50% cut of digital asset sales within its emerging metaverse is drawing widespread criticism from developers and longtime nemesis Apple In...
Meta plans to take a nearly 50% cut on NFT sales in its metaverse
Facebook on Thursday announced that it is opening up Horizon World, its virtual reality world of avatars, to anyone 18 and older in the U.S. and Canada. Courtesy of Meta Facebook-parent Meta is planni...
‘Forget FAANG’ and focus on value stocks in the current inflationary environment, Jim Cramer says
CNBC’s Jim Cramer on Monday advised investors to turn away Big Tech and other growth stocks that are likely to be hard hit as the Federal Reserve raises interest rates. “For the moment, I ...
AT&T, Nvidia, Sailpoint Technologies and more
A pedestrian walks in front of an AT&T location in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Monday: AT&T — Shares of AT&T jumped more than 7% ...
Be conservative with FAANG stocks as anticipated Fed rate hikes spurn a market pivot, Jim Cramer says
CNBC’s Jim Cramer said Thursday that he expects the market to pivot to a bull market for recession-proof stocks rather than expensive growth names. When the Federal Reserve decides to combat an ...
Some of the first quarter’s biggest losers could be the biggest steals, Jim Cramer says
Investors should consider purchasing stock of the first quarter’s biggest losers if the market shows signs of recovering on its own, CNBC’s Jim Cramer said Monday. “This market’...
Investors are fed up with Netflix and Facebook’s parent. Why this portfolio manager is digging in and buying more.
It has been a quarter to forget for two of the megacap tech giants, Netflix and Facebook parent Meta Platforms. The 34% decline for Meta FB was its worst on record — the 30% drop in the third quarter ...
Cam Newton backs new Overtime league for high school football players
In this handout image provided by SportsPro, Dan Porter, Overtime speaks during the SportsPro OTT Summit USA 2020 at Turner Studios on February 19, 2020 in Atlanta, Georgia. John Nowak | SportsPro | G...
Jim Cramer says investors should use these rules to build a turbulence-proof portfolio
Investors should follow a certain set of rules when building their portfolios to weather the market volatility that Monday’s rally suggests could happen, Jim Cramer said. “When you see new...
Jim Cramer says to buy FAANG stocks next time analysts say they’re not investable
Investors should buy FAANG stocks next time they plunge and analysts turn bearish, CNBC’s Jim Cramer said Friday. When analysts come out in droves to claim FAANG stocks are uninvestable, “...
Stock futures are steady as investors juggle Fed comments and policy
Traders on the floor of the NYSE, March 17, 2022. Brendan McDermid | Reuters U.S. stock futures were little changed in overnight trading on Tuesday as investors continue to digest revelations from the...
Berkshire Hathaway closes at a record above $500,000 a share as Buffett’s conglomerate roars back
Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP Berkshire Hathaway class A shares achieved a key milestone Wednesday, hitting an all-time closing high of half a million dollars ...
ConsenSys doubles valuation to $7 billion with Microsoft backing
Joseph Lubin, co-founder of Ethereum. Adam Jeffery | CNBC Blockchain start-up ConsenSys has raised $450 million in a new round of funding that more than doubles its valuation to $7 billion. The cash i...
The 8 worst-performing S&P 500 stocks with the highest ratings are expected to rebound by more than 50% over the next year
Investors don’t need to be told that stocks have been volatile. There’s a market of extremes as Russia’s war in Ukraine continues and investors wait to see what the Federal Open Market Committee does ...
Meta, Rivian, Oracle, DocuSign and more
A sign of Meta, the new name for the company formerly known as Facebook, is seen at its headquarters in Menlo Park, California, October 28, 2021. Carlos Barria | Reuters Check out the companies making...
Russia restricts Instagram after Meta due to Ukraine threats
Meta logo displayed on a phone screen and Russian flag displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland on March 1, 2022. Jakub Porzycki | Nurphoto |...
Trading in NFTs spiked 21,000% to top $17 billion in 2021: Report
People walk by a Bored Ape Yacht Club NFT billboard in Times Square on Jan. 25, 2022. Noam Galai | Getty Images Sales of nonfungible tokens jumped to more than $17 billion in 2021, according to a new ...
Opinion: I’m raising cash and getting defensive as the stock market works through its excesses
This war is shameful and crazy. All wars are. And there’s no telling what President Putin is going to do next. What I do know is that the globalized world economy is not going back to what it was. The...
It wasn’t hard for Apple to cut off Russia, but the precedent could be troublesome — ‘China is the real test’
When Apple Inc. paused sales in Russia last week, it made a powerful political statement, but it also may have set a dangerous precedent. Big Tech has become as powerful and responsible as the top nat...
CVS files to trademark its pharmacy and health clinics in the metaverse
Nikolas Kokovlis | Nurphoto | Getty Images CVS Health is looking to be the first pharmacy in the metaverse. The drugstore and health services company filed for a trademark to sell virtual goods, NFTs...
The metaverse stole the show at Mobile World Congress
SK Telecom’s “4D Metaverse” ride at Mobile World Congress 2022 in Barcelona, Spain. Ryan Browne | CNBC BARCELONA — Mobile World Congress made a big comeback this year — but the term ...
Verizon CEO sees strong growth ahead, says dividend growth still priority
Verizon Communications CEO Hans Vestberg painted an optimistic future picture Thursday, telling CNBC’s Jim Cramer the telecom giant has “more growth opportunity than we’ve ever had b...
Facebook says 2021 ‘polar vortex’ brought higher energy costs
Facebook CEO Mark Zuckerberg testifies before the U.S. House Financial Services Committee during An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors hearing on Capi...
Meta says today’s cellular networks aren’t ready for the metaverse
Mark Zuckerberg, CEO of Facebook, speaks during the virtual Facebook Connect event, where the company announced its rebranding as Meta, in New York on Oct. 28, 2021. Michael Nagle | Bloomberg | Getty ...
Li Lu Bulks Up Meta And Bank Of America Positions, Sheds Pinduoduo
Summary Guru increased his bets on Facebook’s parent company and Bank of America BAC . He sold out of Pinduoduo PDD . Li Lu (Trades, Portfolio), founder of Himalaya Capital Management, released ...
Crypto companies tempt top talent away from Big Tech to build ‘Web3’
YouTube, Facebook, Instagram and WhatsApp apps displayed on a smartphone. Florian Gaertner | Photothek | Getty Images Executives at tech giants like Google, Facebook and Amazon are quitting to take jo...
Stock market faces the most ‘massive misallocation’ of ‘capital in the history of mankind,’ says ARK’s Cathie Wood
Cathie Wood, the star fund manager and chief executive of ARK Invest, took to CNBC to defend the woeful performance of the manager’s suite of disruptive innovation funds. Wood told the business networ...
Netflix is the S&P 500’s worst performer this week — here are the next 14
Investors remained sour for a second consecutive session on Friday as they continued to digest comments from Federal Reserve Chairman Jerome Powell about the prospect for rapidly rising interest rates...