Britain is poised to shelve plans to empower a new technology regulator, in a blow to global efforts to curb the dominance of internet companies, including Google and Facebook, the Financial Times reported on Tuesday.
Wall Street's main indexes closed a seesaw session higher on Monday, as investors bought in to technology names in the last hour of trading amid bets they had been overly beaten down ahead of this week's Federal Reserve meeting.
Wall Street's main indexes seesawed throughout the session to close higher on Monday, as investors sought to pick up technology names that had been beaten down in recent days ahead of this week's Federal Reserve meeting.
Wall Street's main indexes dropped on Monday, giving up early gains in volatile trading, as investors adopted a cautious tinge ahead of the Federal Reserve meeting this week where policymakers are widely expected to raise interest rates.
What happened
Facebook owner Meta Platforms (NASDAQ: FB) was outpacing the broad market in morning trading on Monday, with shares up 5% as of 11 a.m. ET compared to a 0.6% gain in the S&P 500. That pop erased a portion of Meta's recent decline, but the social media giant rema
Wall Street's main indexes fell in volatile trading on Monday, dragged down by Amazon.com and financial stocks, with investor focus squarely on the Federal Reserve meeting this week where policymakers are widely expected to raise interest rates.
Amazon.com (NASDAQ: AMZN) will now allow Prime members to use their shopping benefits on third-party websites. Free, two-day shipping; easy returns; and checkout and shipping options like they have on Amazon can now be accessed on a retailer's own website if it uses the e-commerc
U.S. stocks edged higher on Monday as growth stocks rebounded after April's rout, with investor focus squarely on the Federal Reserve meeting this week where policymakers are widely expected to raise interest rates.
U.S. stocks ended sharply lower on Friday, recording their worst daily losses since 2020, with the Dow and S&P 500 suffering their worst April performance in more than five decades. The Nasdaq composite also recorded its worst April since 2008, with tech stocks leadin
For Immediate ReleaseChicago, IL – May 2, 2022 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Amazon AMZN, Alphabet GOOGL, Apple AAPL, Meta FB and Microsoft MSFT.
Mixed financial results from U.S. megacap companies are dampening an otherwise better-than-expected first-quarter earnings season and so far failing to fuel stock performance in the face of U.S. Federal Reserve monetary tightening.
Meta Platforms (NASDAQ: FB) stock went up over 17% on Thursday, then Amazon (NASDAQ: AMZN) stock was down over 12% in after-hours trading. When such large companies make mega moves to the upside and downside, it can be a sign that the market is volatile. And given the Nasdaq Comp
Ricardo Alarcon, one of the most powerful men in Cuba under former President Fidel Castro and a key player in relations with the United States, died in Havana on Saturday evening, his family said.
Elon Musk's planned takeover of Twitter (NYSE: TWTR) for $44 billion recently stunned investors. It's unclear whether Musk can actually close that audacious deal, but some investors have already started speculating about other social media buyouts.
Elon Musk's agreement to purchase Twitter (NYSE: TWTR) for an estimated $44 billion could bring stockholders a significant cash infusion. Assuming the deal goes through, shareholders will receive $54.20 for each share.
I like Snap (NYSE: SNAP) and I think it has a bright future. However -- like many young companies -- it sometimes fails to execute at the level that its investors might want.Such was the case with its most recent earnings report. It was the embodiment of a mixed bag. Some results
Amazon’s (AMZN) disappointment isn’t exactly in the same league as what we saw from Netflix (NFLX) some time back. Amazon’s labor-intensive core business with its heavy logistics component leaves it vulnerable to the by-now well-known headwinds of inflation, supply chain