Roblox Corp. was digging itself out from a three-day outage that shut millions of users out Monday, as investors wiped away more than $1 billion of the videogame company’s market capitalization. Roblox RBLX, -2.68% shares declined as much as 4% Monday, and were last down 2.9% at $81.61, afterRead More →
Shoppers moved online in droves during the pandemic — and online prices moved upwards. “The COVID-19 pandemic reversed a predictable pattern in e-commerce, where consumers were generally able to purchase goods cheaper online. This reversal was the result of surging demand, supply chain constraints, and growth in categories that hadRead More →
Professional short-sellers have changed their ways this year. They have limited their exposure to risk after taking heavy losses earlier in 2021 as traders using Reddit’s WallStreetBets channel and other social media bid up prices of stocks the pros had bet against. But there are still stocks with heavyRead More →
Nvidia Corp.’s stock traded at record highs Tuesday as analysts hiked price targets and applauded the chip maker’s plans to branch out into its rivals’ territory. Nvidia NVDA, +1.45% shares hit a new intraday record high of $625.40 Tuesday, squashing the previous record of $614.90 set in February andRead More →
The S&P 500 earnings recession is now set to end, as bottom-line results for the fourth quarter have swung to growth for the first time in a year as more companies are beating expectations, by bigger margins, than usual. The fourth-quarter earnings reporting season is not yet half over,Read More →
Apple Inc. attracted more than $33 billion worth of orders for its new $14 billion debt deal on Monday, underscoring the continued scramble for all things tied to the smartphone and computer giant. The six-tranche Apple AAPL, +1.65% debt deal included mostly bonds rated Aa1 and AA+ that matureRead More →
The impending sale of Arm Holdings Inc. to Nvidia Corp. for $40 billion could have broad implications for the global semiconductor industry, further boosting one of its highest fliers and lifting another major bet by SoftBank Group Inc. The Japanese technology group said late Sunday it had reached anRead More →
Bite the bullet. angela weiss/Agence France-Presse/Getty Images. This week could be good for U.S. investors as post-Labor Day trading points to a tough ride for tech stocks, with some fearing last week’s mini-meltdown is the start of something bigger. It doesn’t help that from late last week came theRead More →
MARKETWATCH PHOTO ILLUSTRATION/ISTOCKPHOTO|, CROWDSTRIKE CrowdStrike Holdings Inc. shares retreated from 2020’s meteoric rise in the extended session Wednesday after the cloud-based cybersecurity company topped Wall Street estimates, with more businesses seeking to protect their systems as employees work from home. On a conference call, CrowdStrike CRWD, -1.12% co-founder andRead More →
A record-setting August for stocks has set the bar high, and September looks off to a promising start, at least for technology stocks, with electric-car maker Tesla TSLA, +12.56% poised for more big gains. That brings us to our call of the day from Schwab Center for Financial Research’sRead More →
Zoom Video Communications Inc. has become a household name during the coronavirus pandemic, with millions of people using its online-video service for free — but it still needs companies to pay for it in order to survive. On Monday, it proved that is happening — and then some. ZoomRead More →
Microsoft Corp. has paused negotiations to buy the U.S. operations of the video-sharing app TikTok after President Trump said late Friday he opposes the deal, according to people familiar with the matter. The president’s statements spurred TikTok to make additional concessions, including agreeing to add as many as 10,000Read More →
The quarter has been stellar, with the Nasdaq COMP, +0.74% in particular on fire, but the Russell 2000 RUT, +0.40% hasn’t been far behind. Russell 2000 — a contender. Our call of the day from Mary Lisanti, president of Lisanti Capital Growth and manager of the Lisanti Small Cap GrowthRead More →
Adobe Inc. shares rose in the extended session Thursday after the software company’s earnings and contract revenue topped Wall Street estimates as the drive for mobile workplaces because of COVID-19 increased demand for its digital products. Adobe ADBE, -4.70% shares rose 4.4% after hours, following a 4.7% decline in theRead More →
With the country entering its third week of protests over social and racial justice, the spotlight has been cast again on the state of blacks in the workforce — in particular, the glacial progress of diversity in tech. It’s a topic that has flickered for decades, with fitful attempts atRead More →
Slack Technologies Inc. revenue topped $200 million in a quarter for the first time, but the stock still sank hard in the extended session Thursday afternoon after closing at record highs in recent days. Slack reported a loss of $74.4 million, or 13 cents a share, on revenue of $201.7Read More →
The COVID-19 outbreak brought waves of new users to Zoom Video Communications Inc. and Slack Technologies Inc., but this week we find out how many are actually paying for the services, and how much it is costing the companies to support them. Zoom ZM, +13.74% will report quarterly earnings TuesdayRead More →
If you’re an investor who doesn’t want to miss out on the next big trend, you had better pay attention to what’s going on in space. When people think about the space business, they may be excited that on Saturday the U.S. finally regained the ability to send people intoRead More →
As was the case Wednesday, when the highly anticipated launch from the Kennedy Space Center of a SpaceX rocket in cooperation with NASA was scrubbed, the weather forecast for Saturday on central Florida’s Atlantic coast makes the rescheduled launch a 50-50 proposition. The launch is set for Saturday at 3:22Read More →
Tech stocks aren’t the only things falling because of coronavirus fears — At least five tech conferences were canceled this week due to risks associated with COVID-19, including a large meeting of videogame developers. Late Friday afternoon, the annual Game Developers Conference, or GDC, was postponed after several important attendeesRead More →
There may be a thaw in HP Inc.’s takeover standoff with Xerox Holdings Corp. During a call with reporters and analysts ahead of the release of its first-quarter earnings Monday, HP’s HPQ, -2.64% two highest-ranking executives left open the door to a combination with the printing company, but only underRead More →
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 →
