Text size Earnings season continues next week in what will be an action-packed stretch for retail stocks. Walmart and Home Depot report results on Tuesday, followed by Bath & Body Works , Lowe’s, ...
Tag: Technology
Crypto Evangelist Mark Cuban Is in Trouble
Mark Cuban should have expected it. Since crypto lender Voyager Digital filed for Chapter 11 bankruptcy, criticism of the billionaire and owner of the NBA Dallas Mavericks team has been raining down ...
Public Pension Systems Join Those Stung by Crypto Crash
Listen to article (2 minutes) Among the investors who bet on cryptocurrency over the past year are pension funds that manage public workers’ retirement savings. Now those funds are navigating the cras...
George Soros Deals a Big Blow to Tesla Rival Rivian
It’s been a somewhat hectic August for Rivian (RIVN) . The startup, which is presented as one of Tesla’s (TSLA) most serious rivals in the race for electric vehicles, is currently accu...
Can Amazon and Apple Continue to Lead Stocks Higher?
FAANG is an enormous part of the market, not only because of its size but because of sentiment as well. While it’s got some heavy-hitting names in the group, it lacks some of the other important stock...
Hydrogen Stock Ceres Power Is Heating Up Again
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The SoftBank Experiment Has Failed. Time to Go Private?
Softbank CEO Masayoshi Son on $24 billion of new losses: “I am quite embarrassed and remorseful.” Str/Jiji Press/AFP/Getty Images Text size The stock market can be a humbling place—just ask Masayoshi ...
9 Chip Stocks That Look Like Buys
Text size Nvidia now expects July quarter revenue to be $6.7 billion, up only 3% from the year-ago period. The company had previously forecast $8.1 billion in revenue. Dreamstime These are troubling t...
Solana MEV infrastructure developer Jito Labs raises $10 million
Jito Labs, a crypto startup building infrastructure to mitigate the negative impact of maximum extractable value (MEV) on Solana, has raised $10 million in a Series A funding round. Sharing the news e...
Struggling Electric-Truck Maker Nikola Makes a Major Change
Nikola (NKLA) , the electric- and hydrogen-truck producer, is making a change and not just any change. The company, which says it is “driven to revolutionize the economic and environmental impa...
Tornado Cash hit by 79% decline in deposits as users rush for the exit
Tornado Cash saw a massive decline in deposits and an increase in withdrawals after it was sanctioned by the US Treasury. Since the sanctions came down, just $6 million has been deposited into the p...
Why an analyst says sell these four big software stocks
Salesforce Inc.’s stock gets a lot of love on Wall Street, with 43 of the 49 covering analysts tracked by FactSet rating the shares the equivalent of buy. But Guggenheim analyst John DiFucci bucked th...
Peloton says it’s slashing 780 jobs, closing stores and hiking prices
Peloton told employees Friday that it is slashing roughly 780 jobs, closing a significant number of its retail stores and hiking the prices on some of its equipment in a bid to cut costs and become pr...
Huawei’s second quarter revenue rises slightly from a year ago
Chinese telecommunications giant Huawei released figures Friday that showed its first quarterly increase in revenue since 2020. Pictured here on July 8, 2022, is a Huawei flagship store in Shenzhen, G...
Rivian, Illumina, Toast, and More Stock Market Movers Friday
Text size Rivian, the maker of electric trucks, maintained its production estimates for the full year. Courtesy Rivian Stock futures rose Friday amid more signs that inflation in the U.S. has been coo...
Matterport Stock Jumps on Better Outlook, Hope for Relief on Parts Shortages
Text size Matterport builds cameras used to take 3-D images. It can take any space—from houses to high-rises—online. Matterport Matterport became the latest tech company to say a shortage of component...
Tesla Rival Rivian is Being Held Back by a Big Problem
The quarters follow each other and look alike for Rivian (RIVN) : Does the young electric vehicle manufacturer have a future? This crucial question is often asked of any new vehicle manufacturer whe...
Rivian Keeps 2022 Production Guidance Intact. The Stock Is Still Falling.
Text size The Rivian R1S should start shipping to customers in just a few months. Courtesy of Rivian Electric-truck maker Rivian Automotive reported a wider-than-expected quarterly loss, but more impo...
Opinion: Semiconductor companies have split into two groups — the resilient and the risky
Semiconductor industry CEOs this week celebrated on the White House lawn as the long overdue Chips and Science Act was signed into law by President Biden. While there is still contention on the bill, ...
Rivian (RIVN) earnings Q2 2022
Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Electric vehicle maker Rivian Automoti...
Oil prices are down, but energy companies’ earnings estimates keep rising — these stocks are cheap
Oil prices have fallen from a peak earlier this year. But energy companies’ earnings estimates have kept rising on stronger demand and low capital spending. Below is a screen of large-cap oil stocks a...
4 takeaways from the Investing Club’s ‘Morning Meeting’ on Thursday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. July’s soft PPI is ...
6 Software Stocks to Buy and 4 to Sell, According to an Analyst
What’s next for enterprise software stocks? That depends which ones you pick. Guggenheim Partners analyst John DiFucci launched coverage of the group late Thursday, with some thoughts on where to plac...