The stock of Amazon (NASDAQ: AMZN) has toppled 20.6% since the start of 2022 in a broader tech sell-off as a response to persistently high inflation and the Fed's interest rate hikes to control it. In recent years, the company has branched out into other businesses apart from e-c
Wall Street closed sharply higher on Wednesday on the back of robust economic data and strong earnings numbers. Investors shook off fears over any further strain in U.S.-China relations over Nancy Pelosi’s visit to Taiwan. All the three major stock indexes ended in the gr
The FAANG stocks have been market-beating investments over the past decade, and the success of these tech giants is due in part to a few common qualities. All five companies represented by the acronym -- Meta Platforms' Facebook, Amazon, Apple, Netflix, and Alphabet's Google -- b
It's been a dismal year for many investors. High inflation and rising interest rates have created a great deal of economic uncertainty, triggering a sharp decline in the stock market. In fact, the S&P 500 had its worst first half in more than five decades, falling 21% between
The U.S. federal government has not embraced a multi-cloud approach as the private sector has. Microsoft (NASDAQ: MSFT) is taking steps to address the issue that could change the landscape for massive government cloud contracts. Here is what they're up to.
Hundreds of Amazon workers at a warehouse in Tilbury in southeast England have walked out in protest over pay, the trade union GMB said, the latest sign of labour force discontent as the rising cost-of-living sparks strikes across sectors.
Shopify (NYSE: SHOP) has been a major laggard over the past year with the e-commerce giant's shares dropping 75% in the trailing-12-month period. The company's financial results suffered as its pandemic-related tailwind came to a screeching halt, and economic issues such as infla
Satellite company SES's Paris-listed shares slumped as much as 10% on Thursday after the Financial Times reported it was in talks with U.S. rival Intelsat about a possible merger. [nL4N2ZG0XH]
MUMBAI (Reuters Breakingviews) - India’s war on foreign technology giants is misunderstood. It is, at best, a messy effort to prevent vulnerabilities emerging from its large and growing technology sector. Official heavy-handedness to addre
The shortages of computer chips that forced global automakers to scrap production plans for millions of cars over the past two years are easing - at a new and permanent cost to the car companies.
Check Out These Top Tech Stocks In The Stock Market NowWhen it comes to stocks, there is no one-size-fits-all answer. The best stocks to invest in right now vary depending on the investor’s goals and risk tolerance. However, there are a few factors that can help to make a s
Boy, the good volatility sure is nice. The Nasdaq Composite Index (NASDAQINDEX: ^IXIC) is up 329 points, or 2.7%, as of 2:34 p.m. ET on Aug. 3, 2022. Some of the biggest Nasdaq gainers include Moderna (NASDAQ: MRNA) and PayPal (NASDAQ: PYPL), both up after reporting earnings, and
Wall Street ended sharply higher on Wednesday, with strong profit forecasts from PayPal and CVS Health Corp lifting sentiment and helping elevate the Nasdaq to its highest level since early May.
U.S. companies are reporting mostly upbeat news this earnings season, surprising investors who had been bracing for a gloomier outlook on both businesses and the economy.
Wall Street rallied on Wednesday, with strong profit forecasts from PayPal and CVS Health Corp lifting sentiment and helping drive the Nasdaq to its highest level since early May.
For one, the sector was considerably oversold. Last June 16, both SPX and Nasdaq traded at their lows for the year. With some portions of the tech space in bear market since 2021, the sector offered a compelling entry point.
Telemedicine specialist Teladoc (NYSE: TDOC) can't catch a break. After a horrible, no-good first-quarter earnings report that sent its shares tumbling, the healthcare company is suffering the same fate following the release of its second-quarter results.
Ultra-low-cost carrier Sun Country Airlines (NASDAQ: SNCY) has been in a tailspin since its IPO in March 2021. However, the company now looks ready for takeoff, with strong revenue growth, a thriving charter business, and a successful, well-established partnership with Amazon.com