What happened
Shares of Facebook (NASDAQ: FB) have popped to all-time highs today, up by 6% as of 12:45 p.m. EDT, after Wall Street analysts expressed optimism about yesterday's news that the social media juggernaut is rolling out Shops, its biggest e-commerce move yet. The ann
The S&P 500 hit more than a two-month high on Wednesday as signs of additional economic stimulus raised hopes of a swift recovery from a coronavirus-driven slump.
EU regulators are seeking feedback from users and digital service providers before drafting rules that could rein in Google, Facebook, Amazon, Uber and other tech companies, an EU document seen by Reuters showed.
Major benchmarks got off to a good start on Wednesday, lifted by renewed optimism about the potential for an economic recovery as some businesses start to return to full operation. Stocks in the Nasdaq Composite (NASDAQINDEX: ^IXIC) outperformed their peers in the broader market
Both Facebook (NASDAQ: FB) and Pinterest (NYSE: PINS) represent communication stocks at two ends of the social media industry. One company dominates more generalized social media. The other occupies a niche in areas such as food, crafts, and fashion.
Up until now, Facebook (NASDAQ: FB) has been taking relative baby steps on the path toward e-commerce. Those efforts have primarily been concentrated on Instagram, as that platform naturally lends itself well to shopping due the fundamentally visual nature of the service. Separa
Wall Street was set to open sharply higher on Wednesday as investors clung to hopes of a recovery from a coronavirus-fuelled slump amid signs of more stimulus for ailing sectors, while retailer Lowe's jumped on upbeat quarterly results.
Facebook (NASDAQ: FB) launched the Oculus Quest, its second stand-alone VR headset after the Oculus Go, last May. It sold 705,000 Quest headsets last year, according to SuperData, which missed the research firm's forecast for 1.1 million shipments.
U.S. stock index futures climbed on Wednesday as investors clung to hopes of a recovery from a looming coronavirus-fuelled recession amid signs of more central bank and government stimulus for ailing sectors.
HONG KONG (Reuters Breakingviews) - Sony is reinventing itself, sort of. The Japanese giant is buying the rest of its financial arm for $3.7 billion, while a new holding company structure clumsily attempts to reposition Sony beyond its electronic roots. At least it's man
Stocks gave back some ground on Tuesday, easing lower after a huge rally on Monday. Initial enthusiasm about a possible vaccine for COVID-19 got tempered by more realistic expectations about timing and efficacy, and after holding up during the morning and early afternoon, the ma
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Facebook Inc (Symbol: FB), where a total of 186,646 contracts have traded so far, representing approximately 18.7 million underlying shares. That amounts to about 78.3%
Sovereign wealth funds flocked to U.S. equities and bonds in the first quarter at the expense of riskier investments such as those in emerging markets as the coronavirus spread around the world, data shows.