Watch out, Elon, Warren is catching up. With the drop in shares of Tesla this year, the market value of Berkshire Hathaway is hot on the heels of the electric-vehicle leader. Berkshire, led by longtim...
Tag: Meta Platforms
Meta Stock Crash Steepens As Facebook Parent Grapples With Recession Fears
Topline Facebook parent Meta Platforms reported earnings Wednesday that fell short of expectations, pummeling the company’s stock in after hours trading as the social media giant with metaverse ...
Big Tech Earnings Are Coming. 5 Key Things to Watch.
Brace yourself. This coming week, the world’s largest tech companies all report their September-quarter financial results. And I mean all of them— Alphabet Microsoft Meta Platforms Apple Amazon.com an...
Meta Loses Its Way As Retail Effort Fades
Facebook employee Elza Uzmanoff tries out an Oculus device at the company’s corporate headquarters … [+] campus in Menlo Park, California. (Photo by Josh Edelson / AFP) (Photo by JOSH EDEL...
A Big Tesla Stock Sale Is Coming. We Don’t Know How Big.
It’s looking increasingly likely that Tesla investors will have to deal with their CEO Elon Musk buying social media platform Twitter In the long run, the issue for Tesla (ticker: TSLA) investors is m...
Meta’s Metaverse Push Is Racking Up Big Losses. Today, Zuckerberg Makes His Case.
Get ready for the state of the metaverse address. Meta Platforms CEO Mark Zuckerberg will deliver the keynote talk for this year’s edition of the company’s annual Meta Connect developer event, which ...
Tax-Loss Selling Is Wall Street’s Refuge in a Down Market
Taxes aren’t due for more than six months—but it’s time to start thinking about tax-loss selling. That’s the term for selling a stock at a loss and using that to offset gains elsewhere in one’s portfo...
Elon Musk’s Twitter Deal Is Very Pricey. Here’s the Math.
Elon Musk plans to buy Twitter for $44 billion, the original price he agreed to back in April. The world’s richest man is likely wishing he waited a few months to sign the contract. When Musk, the co-...
Meta Quietly Reduces Staff in Cost-Cutting Push
Meta Platforms is planning to cut expenses by at least 10% in the coming months, in part through staff reductions, as the social-media giant confronts stalling growth and increased competition, accord...
Facebook and Snap Stock are Both Cheap. Why Shares May Still Struggle.
Social media may be the most influential innovation of the 21st century. In 2022, if an event doesn’t make it to a social feed, it never really happened, like the tree that falls in a forest with no a...
Why a Bearish Money Manager Likes Gambling Stocks and Is Ready to Dump Apple
Dan Niles thinks the stock market is headed lower. Maybe a lot lower. A Stanford University–trained electrical engineer who once worked at the old minicomputer giant Digital Equipment, Niles has focus...
What Stocks Are Moving Monday? Apple, Amazon, Coinbase, Boeing, and More.
Text size Boeing shares are lower in the premarket session. Scott Olson/Getty Images Stock futures were lower Monday, extending losses for Wall Street after Federal Reserve Chairman Jerome Powell made...
Apple, Alphabet, and Other Big Tech Stocks Poised for Further Losses
Text size Apple shares were poised to extend losses on Monday. Dreamstime Major technology stocks such as Apple and Alphabet were poised for further losses Monday after Federal Reserve Chairman Jerome...
Twitter Warns Staff of Potential Cuts to Employee Bonuses
Twitter warned staff that the size of bonus payments this year was at risk because of financial difficulties, adding to belt-tightening measures tech companies are implementing during an economic down...
Are Alphabet, Apple And Microsoft Value Stocks?
Apple CEO Tim Cook delivers the keynote address during the Apple Worldwide Developer Conference. Getty Images As a value investor, I am as focused as anyone on the various valuation metrics of the sto...
Walmart Lays Off Hundreds of Corporate Workers
Walmart is cutting hundreds of corporate roles in a restructuring effort, according to people familiar with the matter, a week after the retail giant warned of falling profits. The retailer began noti...
Pelosi’s Trip to Taiwan Is a Risk to More Than Just the Chip Industry
Asian stocks worked out early there is no good outcome from Nancy Pelosi’s current tour of the region. By landing in Taiwan Tuesday or Wednesday, the speaker of the House risks Chinese military retali...
Why The Tech Titans’ Stocks Will Triumph Up Ahead
Renewed delights await tech investors getty Tech, once the overlord of the stock market, has had a rough 2022. The information technology sector of the S&P 500 is down 17.4%, versus negative 13.3%...
Individual Investors Ramp Up Bets on Tech Stocks
Listen to article (2 minutes) Technology stocks have taken a beating this year. Many individual investors have used it as an opportunity to double down. The Nasdaq Composite Index—home to the big tech...
After Earnings, These 3 Big Tech Stocks Look Like Buys
The world’s most important tech companies all reported their quarterly results this past week, and, in each case, the damage from a slowing global economy was in stark evidence. The witch’s brew of ri...
Hedge Funds Aren’t Buying Big Tech. Secular Growth Stocks Are Hot Now.
Text size Hedge funds have a net short position in Apple stock, according to Jefferies. Nicholas Kamm / AFP via Getty Images Some of the big-money investment funds on Wall Street have been moving out ...
Facebook Parent Meta Poised to Report First-Ever Revenue Drop
Facebook parent Meta Platforms is expected to post its biggest drop in daily users and its first decline in revenue as the company struggles to adjust to macroeconomic forces and growing competition f...
Meta Reports Earnings Today. What to Expect.
Text size Meta continues to spend heavily on its multiyear project to build out “the metaverse.” Justin Sullivan/Getty Images Last week’s ugly June quarter earnings report from Snap has investors on e...
Apple, Visa, Microsoft, Exxon Mobil, Chipotle, and Other Stocks for Investors to Watch This Week
It will be a busy week on both the micro and macro fronts. Second-quarter earnings season ramps up, as more than 150 S&P 500 firms report, including Big Tech. The Federal Reserve’s policy committe...
Apple, Amazon, Meta Highlight Tech-Heavy Earnings Week
Tech giants Apple Amazon.com and Microsoft headline a busy earnings week amid growing investor fears of recession, rising interest rates and surging inflation. A little more than one-third of S&P ...
Buy Amazon Stock: It Could Double From Here
Amazon.com has reported earnings about 100 times since it went public in 1997. Every one of those quarterly reports has shown a growing company, despite plenty of ups and downs in the economy—and the ...
Snap’s Earnings Are Thursday. Here’s What to Expect.
Text size In May, Snap lowered financial forecasts it had issued in April. Dreamstime When Snap reports its second-quarter results, investors will be watching closely to see how badly the weakening ec...
Microsoft and Gopuff Are Latest Tech Firms to Cut Jobs
Microsoft is cutting a small percentage of its staff, the latest in a string of layoffs by high-profile tech companies. The software maker said it is cutting a number of positions, affecting less than...
Biden Dropping China Tariffs Could Be Good News for Tech Stocks
If President Joe Biden rolls back tariffs on Chinese exports, it could have bigger implications than the impact on inflation. The U.S. is considering dropping the levies started by Donald Trump in 201...
Google, Snapchat and 24 Other Tech Companies Get Lower Estimates by J.P. Morgan
Text size Google’s advertising should hold up relatively better than others, according to the analysts. Angela Weiss /AFP via Getty Images As consumer spending slows, fuel costs rise, and chance...
Apple Looks to Cars and Banking for Its Next Big Thing
Text size At its recent developer event, Apple showed plans to dramatically expand its CarPlay platform to include every screen in the driver cockpit. Courtesy of Apple Apple needs to think big these ...
Stocks Are Sinking and Rates Are Rising. It’s Painful, But We’re Heading for Normal.
Stocks and bonds are tumbling. Housing has weakened. And I haven’t heard a word about nonfungible cartoon monkey tokens in maybe three months. Strategists are now turning to truly bizarre assets—two I...