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The company may have included “outdated information” in U.S. trial results for its COVID-19 vaccine, providing an “incomplete view of the efficacy data,” a U.S. federal health agency said in a highly unusual statement released after midnight. AstraZeneca AZN, -2.48% AZN, -3.10% said Monday that interim data from aRead More →
Amazon warehouse workers in Alabama got a surprise ally in US Sen. Marco Rubio, with the conservative lawmaker revealing on Friday that he supports their efforts to unionize. The Republican senator from Florida published an op-ed in USA Today that accused Amazon AMZN, -0.77% of waging “a war against working-class values”Read More →
The family of a 20-year-old trader who killed himself after seeing a massive negative balance in his account sued online brokerage Robinhood for wrongful death on Monday. The parents and sister of Alex Kearns said Robinhood preys on inexperienced traders and that the company’s “misleading communications” caused him toRead 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 →
A mania is under way on Wall Street that is being heralded by some as a revolution of individual investors against pros, but there are concerns that the recent flurry of activity — powered by traders using forums on platforms such as Reddit and Discord — signals a topRead More →
People have spending money on Lysol and Clorox during a year in which coronavirus has upended people’s lives. Cards Against Humanity eschewed its annual Black Friday stunt in light of the pandemic and protests regarding the killing of Black Americans by police. David Ryder/Getty Images For Cards Against Humanity,Read More →
The U.S. death toll from the coronavirus illness COVID-19 rose above 231,000 on Monday with cases rising in 42 states, as President Donald Trump continued to criticize a key infectious-disease expert and even hinted he might fire him if he wins Tuesday’s presidential election. Dr. Anthony Fauci, America’s foremostRead More →
PayPal Chief Executive Dan Schulman said the company aims to “meaningfully contribute to shaping the role that digital currencies will play in the future of global finance and commerce.” PayPal PayPal Holdings Inc. plans to allow customers to buy cryptocurrency through their accounts and use cryptocurrency for merchant payments.Read 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 →
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 →
