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The S&P 500 was set to open near an intraday record high on Monday, as strong retail sales underscored the strength of the economy and overshadowed worries from Omicron-driven flight cancellations at the start of this year's final trading week.

U.S. stock index futures inched higher on Monday, boosted by megacap companies, while hundreds of Omicron-driven flight cancellations kept investors on edge at the start of this year's final trading week.

Web 3.0 is widely considered to be the next frontier of internet technology, making the metaverse a golden macrotrend for retail investors. The metaverse refers to an easily scalable real-time virtual reality or mixed reality world, comprising several interoperable, immersive, an

We've hit the homestretch. In just a few days we'll be turning the page on 2021 and looking toward a new, and hopefully less pandemic-disrupted year.

December has been a tough month for most cryptocurrencies. With money generally moving out of investments with intimidating risk profiles, many top names in the crypto space now trade far below recent highs.

The S&P 500 is up 25% for the year. Yet depending on who you ask, that number can seem way too low or way too high.

Should You Add These FAANG Stocks To Your 2022 Watchlist?With the broader stock market continuing to rebound, tech stocks appear to be back in focus. In particular, the biggest names in the sector continue to shine, and these are the FAANG stocks. It’s hard to not to mentio

Microsoft Corp said on Friday it will not participate in person at the Consumer Electronics Show (CES) 2022 in Las Vegas, joining a list of companies opting not to have a physical presence at next month's event on concerns over the rapid spread of the Omicron https://reut.rs/3EpuVNh COVID-19 variant.

You might be tempted to pop corks if you've invested in vintage champagne this year - the most coveted bottles have outperformed all major financial market assets, from Big Tech to bitcoin.

With talks of likely interest rate hikes from the Federal Reserve in 2022 and the coronavirus pandemic still making the rounds, one key characteristic investors should look for in investments going into the new year is resilience. In other words, some good traits to look for are

It was a wild year in the market as investors juggled ongoing pandemic recovery, inflation, monetary policy, high valuations, and geopolitical issues. There were certainly big winners and losers. Some of the largest stocks moved the market last year, and they reveal important inv

Britain's move to block Facebook-owner Meta Platform Inc's acquisition of Giphy signalled a new determination to scrutinise digital deals.

California-based Meta Platforms, Inc. (NASDAQ:FB) has appealed against an order by the U.K. Competition and Markets Authority (CMA) to sell animated images platform Giphy, which it acquired for $400 million in May 2020, Reuters said in a report.

The company said there is not enough evidence to support the finding that the deal could prove anti-competitive for the display advertising industry.

A Meta spokesperson said, “We are appealing the CMA's Giphy decision and will seek a stay of the CMA's order to divest...The decision to block the deal is wrong on the law and the facts, and the evidence does not support the CMA's conclusions or remedy.”

The regulator announced the Giphy-sale order last month after it rejected the remedies offered by the Facebook owner. The CMA said the remedies would require continuous monitoring.

Giphy offers a library of looping videos, most of which come from its social media platforms WhatsApp, Facebook, and Instagram. Its GIFs are also used by people using Snapchat (SNAP), Twitter (TWTR), and TikTok. As a result, the CMA thinks Meta could force its rival platforms to provide more user data or limit their access.

In response, Meta said it would not limit its competitors’ access or gather more data from the users of Giphy’s GIFs as they do not feature any online tracking mechanisms like cookies or pixels.

Further, Meta’s decision to close Giphy’s advertising business, which was a potential source of competition, is also concerning for the competition regulator.

The company’s shares closed up 1.5% on Thursday at $335.24.

Analyst Ratings

Overall, the stock has a Strong Buy consensus rating based on 29 Buys and 6 Holds. The average FB price target of $406.31 implies 21.2% upside potential. Shares have gained 25.4% over the past year.

Website Traffic

TipRanks’ Website Traffic Tool, which uses data from SEMrush Holdings (SEMR), the world’s biggest website usage monitoring service, offers insight into Meta’s performance.

According to the tool, compared to the previous year, Meta’s website traffic registered an 8.8% decrease in global visits in November. Moreover, website traffic has declined 4.2% year-to-date versus the same period last year.

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Australia's ground-breaking law forcing platforms like Google and Facebook to pay local publishers for news faces an unlikely test case: a website that experts say uses fake journalist profiles that has won regulatory backing for its bid to be paid.

Britain's move to block Facebook-owner Meta Platform Inc's acquisition of Giphy signalled a new determination to scrutinise digital deals.

Australia's ground-breaking law forcing platforms like Google and Facebook to pay local publishers for news faces an unlikely test case: a website that experts say uses fake journalist profiles that has won regulatory backing for its bid to be paid.

(RTTNews) - Tech companies like T-Mobile, Lenovo, AT&T, TikTok are reducing their presence at CES 2022 due to rising Covid-19 cases. The CES is scheduled to take place in Las Vegas during the first week of January.

By Richard Bowman

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Tesla Inc (Symbol: TSLA), where a total volume of 1.8 million contracts has been traded thus far today, a contract volume which is representative of approximatel

Waymo, the Alphabet Inc-owned self-driving auto-technology company, and ByteDance's social video app TikTok on Thursday joined the companies no longer attending the Consumer Electronics Show (CES) in person early next month due to rising COVID-19 infections.