Like a number of growth stocks, Bitcoin (CRYPTO: BTC) has crashed hard this year. The largest cryptocurrency is down more than 50% from its peak last fall as investors have moved away from risk assets and Bitcoin has failed to live up to its reputation as an inflation hedge.While
The stock market is having a very lackluster 2022 so far. The S&P 500 has contracted 13% since the start of the year, and the Nasdaq Composite, which is heavy with technology stocks, which can be more speculative, has toppled 23% in the same time frame. Equities continue to b
Axon Enterprise (NASDAQ: AXON) is a technology company focused on public safety. The company was founded over 25 years ago by Tom and Rick Smith. After two of their friends were taken by gun violence, the brothers founded Axon to provide law enforcement with nonlethal solutions.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Core S&P 500 ETF, which added 18,350,000 units, or a 2.5% increase week over week. Among the largest underlying components of IVV, in
Wall Street's main indexes slipped in choppy trading on Thursday as technology and growth stocks struggled for direction amid rising bond yields and weaker risk appetite on concerns around surging inflation and aggressive interest rate hikes.
Walt Disney (NYSE: DIS) stock is down 30% year to date, down over 45% from its all-time high set in March 2021, and is roughly the same price now as it was five years ago. Yet, in the last five years, Disney recorded its highest annual profit in company history (fiscal 2018) and
China's market share in the Russian smartphone market jumped significantly in May as manufacturers like Apple and Samsung paused new sales in Russia and Western sanctions weighed on the Russian economy.
U.S. stocks closed lower on Wednesday as oil prices hit a three-month high and the 10-year Treasury yield rose above the 3% level, igniting fears among investors ahead of the release of the all-important inflation data. All the major indexes ended in negative territory.
Meta Platforms (NASDAQ: FB) has had an unfortunate year up to this point. The dominant social media platform's stock has plunged 43% year to date, which is quite a collapse compared to the S&P 500 and Nasdaq Composite, which have declined 14% and 24% over the same time period
It can be tough for technology start-ups that have a limited ability to defend their niches from the incursions of rivals. We live in a world where massive tech powerhouses have hundreds of billions of dollars in resources at their disposal. A tiny business can spend years gradua
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
U.S. stock index futures rose on Thursday, led by Tesla and other growth shares following a broad selloff on Wall Street on worries over surging inflation and the path for interest rate hikes.
Stock Market Futures Inch Higher After Snapping Two-Day Winning StreakU.S. stock futures are edging up in early morning trading today. This would continue the ongoing uncertainty across the stock market. Between talks of inflation, growing economic headwinds, and the possibility
Apple (NASDAQ: AAPL) is best known for its consumer tech devices like the iPhone, the iPad, the Apple Watch, and its Mac line of computers. But its services segment has been its largest source of growth in the last couple of years, and after securing a foothold in the entertainme
Intel Corp has frozen hiring in the division responsible for PC desktop and laptop chips, according to a memo reviewed by Reuters, as part of a series of cost-cutting measures.
Warren Buffett, often referred to as the Oracle of Omaha, is an American businessman, investor, and philanthropist. He is the CEO of Berkshire Hathaway, a diversified holding company whose subsidiaries engage in insurance, freight rail transportation, energy generation an
A U.S. judge on Wednesday dismissed a proposed class-action lawsuit accusing Apple Inc of defrauding customers by selling iPhones and iPads whose processors proved vulnerable to two cybersecurity flaws first disclosed in 2018.
U.S. Senator Amy Klobuchar and lawmakers from both parties said on Wednesday they had the Senate votes needed to pass legislation aimed at reining in the four tech giants, Meta's Facebook, Apple, Alphabet's Google and Amazon.com, and urged a vote be taken.