The pandemic spawned a new universe of stock-market stars. Some are now coming back to Earth. The onset of Covid-19 changed the way people worked, shopped and dined, helping companies such as videocon...
Tag: Technology
What went wrong and why it was canceled
Executive producer Chris Licht of the television show Our Cartoon President speaks onstage during the CBS/Showtime portion of the 2018 Winter Television Critics Association Press Tour at The Langham H...
James Anderson of Baillie Gifford on Illumina, Moderna, and Other Companies That Matter
James Anderson, a partner at Scottish money manager Baillie Gifford, has personified growth-stock investing during his 39 years with the firm. He was an early backer of Amazon.com, Tesla, and other “e...
Anchorage Technology Is Penalized By The OCC For Failure To Obey With Anti Money Laundering Rules
Anchorage became the first crypto company in the United States to be granted a national bank charter by the OCC. Former interim comptroller of the currency Brian Brooks was temporarily the CEO of Bina...
Elon Musk Brings Internet Service Someplace Surprising
Last month, Jonathan Hofeller, vice president of Starlink commercial sales at SpaceX, Elon Musk’s aerospace company, declared that “connectivity on airplanes is something we think is ripe ...
Top Wall Street analysts say buy Alphabet and Carvana
Earnings season is yet again upon us, with prominent names reporting this week. Volatility remains a focus for investors, and inflation has been continuing to compound pressure across all industries. ...
Netflix and Disney Stocks Hit a Rough Patch. Don’t Count on a Quick Bounceback.
Netflix hasn’t done much wrong, despite a 35% plunge on quarterly results this past week, and a 22% one back in January. The company has convinced 222 million customers worldwide to hand it an average...
‘The issues with the IRS are still present and very real’: Millions of Americans are racing to file their tax returns, and filing extensions
Tax Day came and went earlier this week, so if your upcoming weekend plans are just chilling after the last-minute tax time bustle, you might have company. April 18 marked the deadline in most states ...
Cathie Wood’s Flagship Fund Is Down 45% This Year. Money Is Still Flowing In.
Cathie Wood’s ARK Innovation exchange-traded fund keeps falling, but investors aren’t jumping ship. Shares of the popular ETF, which is known by its ticker ARKK, have declined 45% so far in 2022—inclu...
Jack Dorsey Follows Elon Musk in Dropping CEO Title (For Something Ridiculous)
Inflation may be burning up the charts. Twitter’s (TWTR) – Get Twitter, Inc. Report fate may be hanging in the balance. The world may be lurching towards a once unthinkable confrontation...
What’s next for Pepsi’s after exiting Russia amid Ukraine war
Following Moscow’s invasion of Ukraine, multinational companies have withdrawn from Russia in staggering numbers. As of April 22, more than 700 U.S. companies have scaled back, suspended or ex...
How Netflix’s password-sharing crackdown is likely to work
Netflix signage next to the Nasdaq MarketSite in New York, U.S., on Friday, Jan. 21, 2022. Michael Nagle | Bloomberg | Getty Images Netflix surprised the world this week, saying it plans to finally ad...
NBA’s Golden State Warriors plan to be more than a basketball team
Stephen Curry #30 of the Golden State Warriors drives to the basket during the game against the Washington Wizards on March 14, 2022 at Chase Center in San Francisco, California. Noah Graham | Nationa...
Stocks got clobbered Friday. Here’s why investors should focus on the long game
The stock market ended a volatile week on a gloomy note Friday, with the three major U.S. indexes plunging as investors got tripped up in worries like inflation, the Fed’s fight against it and fears o...
Why did the stock market fall? Dow finishes nearly 1,000 points lower in worst day since October 2020
U.S. stocks fell sharply on Friday to suffer their biggest one-day drop since 2020, as investors continued to weigh hawkish comments on interest rates a day earlier by Federal Reserve Chairman Jerome ...
Intuitive Surgical Stock Tanks. Blame the Cautious Guidance.
Intuitive Surgical stock was tanking after the surgical systems manufacturer beat earning expectations but failed to significantly raise guidance for upcoming quarters. The company posted first-quarte...
Cathie Wood Watch: Ark Adds to Tech Favorites, Swaps EV Producers
Renowned investor Cathie Wood, chief executive of Ark Investment management, on Thursday continued to bulk up on some of her favorite technology stocks. She also bought shares of one major electric-ve...
Weekend reads: How to position your investments before the Federal Reserve causes a bear market
Do you remember all the times Federal Reserve Chairman Jerome Powell was quoted as saying inflation in the U.S. was “transitory”? With the Fed now ready to fight inflation, the bond market has quickly...
Stripe launches crypto payments feature, with Twitter as first client
Illustrative image of two commemorative bitcoins with a green background. Artur Widak | Nurphoto | Getty Images Stripe will allow businesses to pay their users via cryptocurrencies, starting with Twit...
Sanctions could hurt Russia’s multibillion-dollar crypto industry
Illuminated mining rigs operate inside racks at the CryptoUniverse cryptocurrency mining farm in Nadvoitsy, Russia. Bloomberg | Bloomberg | Getty Images Sanctions imposed on Russia over the country...
UK digital banks need to improve financial crime controls, FCA warns
Icons for the Monzo and Starling banking apps on a smartphone. Adrian Dennis | AFP via Getty Images Britain’s online-only challenger banks need to do more to prevent the abuse of their platforms...
U.S. Stocks Poised to Open Lower on Monday
U.S. stocks are set to open Monday slightly down. On Sunday night, Dow Jones Industrial Average futures were flat, while the S&P 500 futures lost 0.1% and Nasdaq Composite futures lost 0.1%. Crude...