The technology-heavy Nasdaq led Wall Street lower on Thursday as a rotation out of richly valued stocks into underpriced sectors added to pressure from quarter-end rebalancing by institutional investors.
The chief executives of Facebook, Google and Twitter are appearing before Congress on Thursday to answer questions about extremism and misinformation on their services in their first appearances since pro-Trump rioters assaulted the U.S. Capitol on Jan. 6.
Wall Street's main indexes fell on Thursday, dragged down by economically sensitive bank and energy stocks and shrugging off data showing the labor market continued to limp out of a coronavirus-induced recession.
Wall Street's main indexes were set to open lower on Thursday, dragged down by technology and bank stocks, while data showed jobless claims fell last week as the labor market continued to limp out of a coronavirus-induced recession.
U.S. stock futures gave up early gains on Thursday ahead of data that is likely to show a drop in weekly jobless claims as the labor market continued to limp out of a coronavirus-induced recession.
U.S. stock futures rose on Thursday ahead of data that is likely to show a drop in weekly jobless claims, while the technology-heavy Nasdaq looked set to rebound after a 2% drop in the previous session.
The chief executives of Facebook, Google and Twitter go before Congress on Thursday to answer questions about extremism and misinformation on their services in their first appearances since pro-Trump rioters assaulted the U.S. Capitol on Jan. 6.
The European Central Bank sought on Thursday to allay misgivings in Germany about the launch of a digital euro, saying this form of electronic cash wouldn't be used to penalise savers or upend banks.
Europe needs to pump 300 billion euros ($355 billion) into its telecoms infrastructure by 2025 if it wants to roll out super fast 5G across the 27-country bloc to boost economic growth and tap the potential of the technology, a report said on Thursday.
EU lawmakers should reject a proposed law that forces Google, Facebook and Twitter to remove terrorist content within an hour of publication because of the risks to fundamental rights, 61 civil rights groups said on Thursday.
The S&P 500 closed lower on Wednesday as optimism about the economic recovery by Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen was unable to halt a decline in technology shares for a second straight day.
The S&P 500 closed lower on Wednesday, unable to halt the prior day's selloff, as investors set aside optimism about the economic recovery by Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen.
What happenedShares of LiveXLive Media (NASDAQ: LIVX) were soaring 15% in afternoon trading Wednesday after the music streaming platform announced it was launching a number of pay-per-view programs on Facebook's (NASDAQ: FB) new paid online event feature.
The S&P 500 and the Dow edged higher on Wednesday on rising financial and industrial stocks as Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen expressed optimism about the recovery outlook from the coronavirus pandemic.
Facebook Inc said on Wednesday it had blocked a group of hackers in China who used the platform to target Uighurs living abroad with links to malware that would infect their devices and enable surveillance.
Facebook Inc said on Wednesday it had blocked a group of hackers in China who used the platform to target Uighurs living abroad with links to malware that would infect their devices and enable surveillance.
Facebook Chief Executive Mark Zuckerberg laid out steps to reform a key internet law on Wednesday, saying that companies should have immunity from liability only if they follow best practices for removing damaging material from their platforms.
The S&P 500 and the Dow rose on Wednesday on a boost from economy-linked financial and industrial stocks as Fed Chair Jerome Powell and Treasury Secretary Janet Yellen offered an optimistic view of a recovery from the coronavirus pandemic.
Microsoft (NASDAQ: MSFT) is rumored to be in talks of acquiring Discord for $10 billion. Below I'll share my thoughts on what investors should question about this acquisition. Discord is a free voice, video, and text chat app and is used intensely by the gaming and Reddit communi
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