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 →
Amazon stepped up its hiring efforts on Monday, saying it would hire an additional 100,000 employees to meet the surge in demand for online shopping during the epidemic. The world’s largest online retailer, run by Jeff Bezos, said the new positions are full- and part-time jobs across the U.S.Read More →
U.K.-based pharmaceutical giant AstraZeneca said Tuesday it will suspend clinical trials of a coronavirus vaccine it developed with Oxford University after a British subject fell ill. The decision will affect the company’s just-started so-called Phase 3 trial, which recruited 30,000 volunteers in the U.S. after 10,000 subjects in theRead 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 →
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 →
India’s Tata Group is reportedly looking to roll out a “super app” that will pit it against rivals, including Amazon AMZN, +1.13% and billionaire Mukesh Ambani-controlled Reliance Industries, in one of the world’s fastest-growing e-commerce markets. The new digital platform, which is scheduled to launch in India in DecemberRead More →
Rachel Robasciotti founded her wealth management firm, Robasciotti & Philipson, 16 years ago. She describes the company, established after she had spent five years in the financial services industry, as a “a bridge between financial markets and social justice activism”: a place where the principals are deeply committed toRead More →
Musicians have not taken kindly to comments made last week by Spotify Technology SA Chief Executive Daniel Ek that they need to work harder in the streaming age. The dramatic consumer shift in recent years from buying albums to listening to streaming music has crushed a major revenue streamRead 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 →
Don’t look for gold to hedge a falling dollar. That may be a surprise since gold GC00, +0.54% is often the first asset that investors think of when wanting to hedge against currency devaluation. Gold’s reputation has been strongly reinforced since mid-May, as the U.S. Dollar Index DXY, +0.04%Read More →
U.S. stocks ended higher Friday, with support attributed in part to optimism over a coronavirus treatment as investors attempt to gauge the threat to the economic outlook from a rise in COVID-19 cases. How did benchmarks perform? The Dow Jones Industrial Average DJIA, +1.43% rose 369.21 points, or 1.4%,Read More →
The number of U.S. cases of COVID-19 approached 3 million Wednesday, and Florida’s intensive care units are filling up, as the United States counted a record number of new cases of the deadly disease in a single day, a sign that the virus is far from being contained. DataRead More →
The builders of the Atlantic Coast Pipeline are halting the project as companies continue to face growing environmental opposition to new fossil fuel pipelines in the United States. Duke Energy Corp. DUK ,-0.11% and Dominion Energy Inc. D ,+0.41% said Sunday that they were abandoning the $8 billion pipelineRead More →
Hundreds of companies around the world have joined a temporary boycott of advertising against Facebook Inc. but its chief executive officer, Mark Zuckerberg, says he is not worried and has no intention of changing his policies, according to a new report. “ “I think all these advertisers will beRead More →
The number of confirmed cases of the coronavirus illness COVID-19 topped 10 million around the world and the death toll surpassed a half million over the weekend, and Florida, South Carolina and Nevada all recorded their highest number of new infections in a single day. Florida counted 9,585 new casesRead More →
Facebook Inc. Chief Executive Mark Zuckerberg reportedly wanted to remove an incendiary post by then-candidate Donald Trump as far back as 2015, but was convinced instead to change Facebook’s rules to allow such posts in the name of political discourse. The Washington Post reported Sunday that Trump’s 2015 video postRead More →
Sustainability-minded younger shoppers and bargain-hunting consumers of all ages who are feeling the economic pinch of the COVID-19 pandemic are increasingly giving up new clothes for resale items that sometimes still have their tags. In fact, according to thredUP, a major online secondhand shopping site, a surge in demand forRead More →
The Food and Drug Administration over the weekend issued a warning on nine alcohol-based hand sanitizers manufactured by Eskbiochem SA de CV in Mexico that it says contain wood methanol, a toxic substance that could ultimately result in death of absorbed through the skin or ingested. “Consumers who have beenRead More →
Billionaire CEO Jeff Bezos is honoring Juneeteeth on Friday as a day of edification at Amazon.com and urging employees to attend “learnings opportunities,” to recognize the end of slavery in America. Juneteenth, which is celebrated annually by many on June 19, is a day commemorating the end of slavery inRead More →
Apple Inc. is facing fresh complaints about the 30% cut it takes from App Store purchases, as European regulators launch two antitrust investigations into the tech giant. Axios reported late Tuesday that Match Group Inc. MTCH, +4.39% , parent company of Tinder, OK Cupid and other popular dating services, criticizedRead More →
Warren Buffett famously said: “You only find out who is swimming naked when the tide goes out.” So it has been with the COVID-19 pandemic in relation to the rigor with which companies have engaged with ESG (environmental, social, and governance) concerns. Whether it takes the form of companies workingRead 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 →
