Intel ‘s disappointing results and warning of a contracting data-center market knocked the stock in some of its key rivals on Friday. Intel (ticker: INTC) shares were down 10% in premarket trading af...
Tag: Technology
An Unstoppable Stock Market Is About to Meet the Immovable Fed
The stock market has acted as if the Federal Reserve doesn’t exist as it jumps out to a quick start to the year. Expect Fed Chairman Jerome Powell to remind it when the central bank hikes interest rat...
Why desalination won’t save states dependent on Colorado River water
The Colorado River wraps around Horseshoe Bend in the in Glen Canyon National Recreation Area in Page, Arizona. Rhona Wise | Afp | Getty Images States dependent on the drought-stricken Colorado River ...
Cathie Wood Watch: Ark Buys More of One of Its CEO’s Favorite Stocks
Famed investor Cathie Wood, chief executive of Ark Investment Management, on Jan. 26 bought one of her favorite stocks, taking advantage of its stumble during the past year. Ark funds purchased 125,70...
Plug Power Stock Took a Dive. Here’s What Wall Street Thinks.
Shares of hydrogen and fuel cell technology company Plug Power took a hit after the company gave a disappointing update about how 2022 finished off. But Wall Street is still bullish about 2023. Wednes...
Audi’s new EV is SUV with augmented reality that doubles as pickup
Audi Activesphere EV concept Audi Audi’s new concept vehicle is an all-electric luxury SUV that uses augmented reality glasses and can double as a small pickup truck, signaling potential future ...
Billionaire Adani’s Empire Loses $51 Billion in 48 Hours
Suspicion is creating chaos in the empire built by the Indian billionaire Gautam Adani, who since last year has become the richest man in Asia. Adani, 60, saw his fortune jump by more than $40 billio...
2023 Predictions: A UK Retail Rollercoaster
‘Permacrisis’ was declared the word of 2022, so what might 2023 bring? There are reasons for cautious optimism here in the UK, but first retailers are going to have to buckle up and brace for more tur...
American Express stock climbs after dividend boost, upbeat earnings forecast
American Express Co. exceeded $50 billion in annual revenue last year for the first time, buoyed by continued strong spending levels among its customer base. While the card giant came up short of prof...
My job is being eliminated and I will get a severance package. Is that considered income for IRS limits on Roth IRA contributions?
I know my job is being eliminated at the end of March 2023. I will receive a severance package paid out over a period of almost one year. I understand I will not be able to make 401(k) deductions from...
IBM’s layoffs aren’t helping the stock, as analysts still fret about cash flow
International Business Machines Corp. shares slumped Thursday after analysts picked apart Big Blue’s free cash flow results and outlook amid layoffs, and found a “mixed blessing” in the company’s driv...
$6.6 billion-worth fintech Wise accused by rival of harming competition
The Wise logo displayed on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket via Getty Images Wise has been accused by a rival fintech company of undermining competition in the money tran...
1 out of 4 game developers are interested in blockchain technology
Although blockchain technologies, such as cryptocurrencies, non-fungible tokens (NFTs), and Web3, are increasingly adopted among investors and expanding into the mainstream, game developers don’t seem...
OneSpan to Acquire Blockchain Technology Provider ProvenDB to Bring Secure Vaulting to the Future of Digital Transactions
Acquisition will serve as a foundational architecture for future blockchain-based digital transaction solutions for Web3 CHICAGO–(BUSINESS WIRE)–OneSpan Inc. (NASDAQ: OSPN), the digital agreements sec...
Opinion: Intel just had its worst year since the dot-com bust, and it won’t get better anytime soon
Intel Corp. ended 2022 with its worst financial results since the dot-com bust more than 20 years ago, thanks to a double whammy of a downturn in both PCs and data centers that isn’t going to turn aro...
Rivian Faces Another Key Exec Resignation
After a year of tough losses including the shrinking of of its market cap, Rivian’s (RIVN) – Get Free Report future appears to be challenging. Jim Chen, Rivian’s chief lobbyist who ...
Toyota Makes a Huge Announcement
A new era is about to begin at Toyota. For a long time, the world’s largest carmaker in sales has gone its own way. The Camry sedan maker has completely taken the opposite bet of the entire ind...
Chevron, Tesla, Seagate Technology, United Rentals and more
Check out the companies making headlines in midday trading. Seagate Technology — Shares of the data storage company surged 10.9% a day after Seagate posted beats on the top and bottom line for its fis...
Cathie Wood: Ark Continues Exact Sciences Dump
Famed investor Cathie Wood, chief executive of Ark Investment Management, keeps unloading what was the No. 1 holding in Ark’s flagship fund. Ark funds sold 683,698 shares of Exact Sciences (EXAS) ...
Mobileye Stock Gains After Blow-Out Earnings Show Growth in Self-Driving Cars
Car owners who want their vehicles to drive them around have been burned by years of overpromising by the auto industry. There are no truly self-driving cars. Autonomous-driving technology is getting ...
10 Predictions For Retail In 2023
10 Predictions for Retail in 2023 getty Well, the New Year has already kicked off, but better late than never in sharing our Top 10 predictions for the retail industry in 2023. #10 – Continued fallout...
IBM Earnings Top Expectations. Its Stock Is Falling.
IBM turned in strong financial results, with better-than-expected revenue, driven by the company’s software and infrastructure businesses. Its forecast of revenue was upbeat as well, but the outlook o...
Nokia Earnings Top Expectations. India is Powering Its 5G Growth.
Nokia stock climbed on Thursday after the Finnish telecommunications company beat analysts’ expectations for its fourth-quarter earnings and sales, as 5G installation in countries such as India underp...
Bitcoin’s Rally Is Built on Low Trading Volume. That Adds to the Risks.
Bitcoin has rocketed 37% since the start of the year, completely erasing its losses after the demise of the cryptocurrency trading platform FTX. But there is ample reason investors shouldn’t chase the...
STMicroelectronics revenue, profit jump on automotive, microcontrollers strength
STMicroelectronics NV on Thursday posted a surge in revenue and profit for the fourth quarter led by growth at its automotive and microcontrollers divisions. The European chip maker STM IT:STM said ne...
Opinion: 6 cheap stocks that famed value-fund manager Bill Nygren says can help you beat the market
These are tricky times in the stock market, so it pays to look to the best stock-fund managers for guidance on how to behave now. Veteran value investor Bill Nygren belongs in this camp, because the O...
What will the Fed and Jerome Powell do next week?
Jittery U.S. investors are still in “bad news is good news” mode because they want to see interest rates decline. And they expect to get what they want, as shown by the inverse yield curve. Two-year U...