Market volatility continued on Thursday, but in stark contrast to Wednesday's big plunge, the news was more positive. By 1:15 p.m. EST, the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up 1.5%, and other major benchmarks saw similarly strong performance.Once again, some high-profile
Could The Big Tech Earnings Supercharge Your Portfolio?This has been a major week for Big Tech Stocks releasing their earnings. Yet, markets took a turn on Wednesday. Major stock indexes suffered their sharpest one-day losses since October. This came amid concerns about COVID-19
In early December, salesforce.com (NYSE: CRM) announced that it would acquire workplace communication tool Slack Technologies (NYSE: WORK) for roughly $28 billion. This was by far the company's largest acquisition to date. Investor weren't impressed by the deal, sending shares to
Wall Street's main indexes jumped on Thursday as mega-cap technology stocks tried to regain lost ground following a sharp sell-off after fears eased around hedge funds selling off long positions to cover a short squeeze.
NEW YORK/LONDON/MILAN/HONG KONG (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
Wall Street's main indexes rose on Thursday, as a reversal of declines in mega-cap technology stocks helped investors look past data which showed another sharp contraction in the U.S. economy.
SAP says it is ready to lead customers into a cloud-based future, but the business software group may need all its powers of persuasion to convince its 400,000-strong client base to launch a major overhaul of systems in a pandemic.
Snowflake's (NYSE: SNOW) massive growth -- and the interest of a prominent investor -- have helped to boost the stock since its IPO. Its data cloud product's dominance of its niche should bolster Snowflake for the foreseeable future. However, despite the company's value propositi
Electronic Arts (NASDAQ: EA) is not the same business it was just a few years ago. Over the last two years, net bookings from in-game spending and subscriptions increased from 59% of the business to 71% on a trailing 12-month basis. The recurring nature of this live services reve
IBM (NYSE: IBM) recently reported its full-year 2020 financial results to a ho-hum investor reception. Big Blue's revenue remains in stubborn decline, dragged down by its legacy operations that become less important every year as cloud computing demand grows. But hiding just belo
In sports terms it's the grand slam (or hat trick, or triple-double) of the investing world. That is to say, doubling your money isn't entirely unheard of, but it is relatively rare.Except, doubling a portfolio's value isn't nearly as unusual or difficult as some investors feel i
The European Commission has told Google, Facebook, Twitter and Microsoft to continue monthly reports on their efforts to tackle fake news, especially on COVID-19, for another six months.
The Dow Jones Industrial Average has existed for 125 years and is one of the most widely recognized stock market indexes in the world.While many investors believe the purpose of the index is to generally represent the U.S. economy, in fact that's true only in broad strokes. Origi
Norway's $1.3 trillion sovereign wealth fund, the world's largest, earned a return on investment of 1.07 trillion Norwegian crowns ($122.7 billion) in 2020, the second highest in its 22-year history, it said on Thursday.
Smartphone pioneer BlackBerry (NASDAQ:BB), which has since reinvented itself into a provider of security software and services, has seen a major rally this year. The stock is up by about 83% over the last 5 trading days and is up by 172% since the beginning of 2021. The S&P
Asian stocks skidded on Thursday following a sharp Wall Street decline amid deepening concerns about stretched valuations in equities markets, while the dollar and bonds strengthened.
Microsoft Corp is investigating an issue that is causing connectivity problems with its Outlook email app for users in North America, it said on Wednesday.
U.S. stocks suffered their biggest one-day percentage drop in three months on Wednesday, adding to losses after the latest Fed statement as major indexes were also pressured by a slump in Boeing and a selling of long positions by hedge funds.
U.S. stocks suffered their biggest one-day percentage drop in three months on Wednesday, adding to losses after the latest Fed statement as major indexes were also pressured by a slump in Boeing and a selling of long positions by hedge funds.