Amazon CEO Jeff Bezos is reportedly paying $165 million for a palatial Beverly Hills mansion, and, according to SEC filings, with that sum the Amazon AMZN, -0.70% founder could have footed the entire 2019 federal tax bill his company is planning to pay this year. He’d have $3 million leftRead More →
During the California gold rush, many miners went bankrupt. However, many of the merchants selling picks and shovels became rich. Most investors recognize that the gold rush is on in 5G and artificial intelligence. The gold rush is also on in automotive electronics. Just take a look at a massiveRead More →
Nvidia Corp. shares rallied in the extended session Thursday after the chip maker’s data-center sales and outlook topped Wall Street estimates while returning to revenue growth. Nvidia NVDA, -0.65% shares rose more than 6% after hours, following a 0.7% decline in the regular session to close at $270.78. The companyRead More →
Thank China (again) for what looks like another bullish day on Wall Street after Beijing pledged to halve tariffs on $75 billion in U.S. imports, while political uncertainty has eased after the Senate acquitted U.S. President Donald Trump. That is as investors have decided the deadly coronavirus isn’t a reasonRead More →
An earlier version of this report misstated Sonos’ year-ago Ebitda figure. The correct amount is $87 million. Sonos Sonos said it’s getting more effective with its promotions. Sonos Inc. had a stronger-than-expected holiday quarter fueled by new products like a portable speaker and a partnership with IKEA. The company toppedRead More →
European stock markets shook off early losses and moved firmly higher on Wednesday, helped by a strong session on Wall Street and fresh hopes that researchers could be nearing an effective treatment for the coronavirus. Several updates on the corporate front were moving individual stocks. The Stoxx Europe 600 indexRead More →
IBM Corp. investors are hoping that incoming Chief Executive Arvind Krishna will bring the same relentless focus on the cloud that Satya Nadella brought to help turn around Microsoft Corp. Earlier Thursday, news that Ginni Rometty will be stepping down as CEO on April 6 and be replaced by Krishna,Read More →
Xilinx Inc. shares are headed for their fourth post-earnings drop in as many quarters, prompting analysts to hope this is the last time the company will reset its bar lower. Though the company topped earnings expectations for its fiscal third-quarter in a late Tuesday report, it issued a disappointing forecastRead More →
Apple reported blowout earnings after the stock market closed Tuesday. Earnings were better than the consensus and the whisper numbers. Still, those numbers are in the rearview mirror. Let’s look ahead: The prospects for iPhone 12, a 5G-based phone, just got better. However, Apple investors and those who want toRead More →
No doubt investors are ready to push Apple shares higher Wednesday after record results, but some analysts appeared divided as to how much further this will juice the stock. Apple shares AAPL, +2.83% rallied late Tuesday after the consumer technology giant reported the second-best quarter ever for iPhone sales, pushingRead More →
Advanced Micro Devices Inc. shares declined in the extended session Tuesday after the chip maker’s outlook fell below Wall Street estimates and data-center sales did not come in as well as expected. AMD AMD, +2.58% shares declined 2% after hours, following a 2.6% rise in the regular session to closeRead More →
Two of the best-performing tech stocks of 2019 are set to report results Tuesday, but they’ll do so with a looming shadow. Stocks suffered their worst day in more than three months Monday, amid fears of a virus spreading in and out of China. Apple Inc. AAPL, -2.94% and AdvancedRead More →
U.S. stock futures indicated sharp losses for major indexes on Monday, continuing a drop seen from late last week, as concern grows over the fallout from China’s coronavirus, with the death toll and number of infected climbing dramatically from last week. How are benchmarks performing? Dow Jones Industrial Average futuresRead More →
The Earned Income Tax Credit is designed to act as a cash infusion to low-income families. In fact, some experts have called it “one of the largest and most studied antipoverty programs in the United States.” And yet, far too many taxpayers aren’t aware of the credit, according to aRead More →
Intel Corp. crushed revenue expectations for the fourth quarter by about $1 billion and sent its stock to a new post-dot-com-boom high, but the company didn’t get a ton of credit from analysts. Intel INTC, +8.13% remains a controversial name on Wall Street as the chip giant deals with productionRead More →
A week that started with a coronavirus panic looks set to end on a high note. Earnings optimism and the fact that investors no longer seem to be panicking over the deadly China illness is helping. Wall Street has also been distracted by red-hot Tesla TSLA, +0.46% shares, up 12%Read More →
Stocks in Asia were able to hold their own in early Friday trading following a big down day Thursday that was triggered by jitters over the spread of a coronavirus strain that has killed at least 17 people. With markets in China closed ahead of the Lunar New Year startingRead More →
Intel Corp. wrapped up a rocky 2019 by reporting record sales thanks to a big jump in sales of chips for data centers and cloud computing, but that rebound may just be temporary. The chip giant reported Thursday that its quarterly revenue surged past $20 billion for the first timeRead More →
Intel Corp.’s data-center sales crushed Wall Street estimates Thursday, pushing quarterly revenue atop the $20 billion mark for the first time, but the chip maker’s forecast reflected a conservative for the difficult-to-predict cloud market. Intel INTC, +0.94% shares jumped as much as 7% in after-hours trading Thursday after the companyRead More →
Growth stocks hammered value plays last year, as they have been doing since the U.S. recession ended. According to Citi, the MSCI all-cap world value index has underperformed the MSCI growth index by 25% since 2010, with 2019 showing the biggest gap in performance in 20 years. But there wasRead More →
WASHINGTON — The U.S. and China are about to declare a pause in their trade war by signing an initial pact at the White House this week, but a continuing battle over technology is bound to keep relations between the two superpowers on edge. The Trump administration’s immediate focus isRead More →
Some U.S. technology companies have a simple solution to a raft of new laws that impact their businesses: fight them in court or interpret them in the best light possible. Their approach is fraught with risk but may be their best option to cope with laws that could seriously undercutRead More →
Ready or not, here comes earnings season. Wall Street anticipates a 2% year-over-year decline in fourth-quarter S&P 500 earnings, versus the 2.5% gain predicted at the start of that quarter, according to FactSet estimates. Financials, though, are expected to be a bright spot in that mix, and JPMorgan Chase hasRead More →
Technology stocks have had an amazing ride. But some, including Netflix and Twitter, are less expensive relative to earnings estimates than they were a year ago. You are no doubt aware that 2019 was an excellent year for U.S. stocks. Still, a breakdown of the 11 sectors of the S&PRead More →
Now that U.S.-Iran tensions have cooled a bit, it may be time to revisit predictions from some strategists last year that said equities are primed for big gains in the first quarter. They may have been onto something. The Nasdaq Composite COMP, +0.67% nailed a record close on Wednesday, whileRead More →