I am in a tough moral situation and I don’t know what to do. My older sister and brother-in-law have been fighting about money for the past year or so. He is a big spender, not just for himself, but for the whole family, friends, and community. While they makeRead 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 →
Usually, I love the summer. As a college professor and department chair, normally I’m done teaching by June, and my time is taken up by scholarly and administrative duties: Doing research, advising doctoral students, staffing classes for the fall. As a professional musician, I also typically take advantage of theRead 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 →
President Donald Trump on Thursday signed an executive order ostensibly to prevent online censorship, a broad government review of private companies’ activities with potentially grave consequences for social-media companies. Trump claimed in the order that social-media companies have “unchecked power” to censor and restrict speech, and “we’re fed up withRead 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 →
Commuters may soon be able to ditch their bus pass and access public transport with technology identifying them by the way they walk. Mastercard MA, +1.52% is working with transport firms to develop a new system that would authenticate passengers by their gait. The payment provider told MarketWatch that everyoneRead 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 →
Uber Technologies Inc. Chief Executive Dara Khosrowshahi made some big promises Thursday, and investors are counting on him to come through in the year ahead. Uber UBER, +9.54% again lost more than $1 billion in the fourth quarter, as it has every quarter of its public life, but the lossRead More →
Disney+ needed just a couple months to amass nearly half the number of subscribers that Netflix Inc. NFLX, -0.59% has domestically, but that disclosure didn’t help Walt Disney Co.’s stock Wednesday after the company’s latest earnings report. Shares of Disney DIS, -2.28% were off 1.8% in morning trading afterRead 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 →
Investors hoping for fireworks from Amazon.com Inc.’s earnings report, after a relative dud of a fourth-quarter for the stock, will likely be disappointed, according to the pricing of stock options. There is an options strategy known as a “straddle,” which involves the simultaneous buying of bullish (calls) and bearish (puts)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 →
As more shopping goes online, experts are asking whether the traditional same-store sales metric truly measures the financial health of retailers. “We believe the metrics need to change,” said Rod Sides, vice chairman of Deloitte. “We need to understand the sources of revenue and profitability today.” In a report, TheRead 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 →
Saudi supporters called for an Amazon boycott on Thursday, angered by the accusations that their crown prince had hacked Jeff Bezos’s phone. U.N. human-rights experts linked Crown Prince Mohammed bin Salman on Wednesday to the hacking of a phone belonging to the Amazon AMZN, -0.43% founder and Washington PostRead More →
Josh Richards started uploading videos to the popular app TikTok — then called “Musical.ly” — more than three years ago. “My sister was on the app and she made a video with me. It did really well on her account, so I decided to make an account for myself,” RichardsRead More →
Intel Corp.’s 2020 forecast will determine how its stock swings on Thursday, but what are the chances that outlook actually stays the same for more than a quarter? Intel INTC, +3.60% investors suffered a choppy ride last year, after the chip maker set its forecast at the start of 2019,Read More →
What does it mean to “watch” a show on a streaming service? For Netflix Inc., it now means viewing at least two minutes. The streaming service noted in its first quarterly earnings report of 2020 on Tuesday that it has changed the definition of viewership — while Netflix NFLX, -0.46%Read More →
The market says Google parent company Alphabet Inc. is worth $1 trillion, but investors who have tried know that putting a sustainable valuation on this company is mighty difficult. Alphabet is a confusing company — even figuring out that $1 trillion market cap, which the company surpassed for the firstRead 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 →
Chase JPM, -1.00% is increasing the annual fee on its popular Sapphire Reserve card, intensifying the ongoing competition with American Express’ Platinum card. Starting later this month, people who sign up for the Sapphire Reserve credit card will be charged an annual fee of $550, which is $100 higher thanRead More →
Cloud-computing and cybersecurity stocks outperformed broader indexes Monday as shares of Salesforce.com Inc. closed at an all-time high and on heightened concerns of an Iranian cyberattack against the U.S. Salesforce CRM, +4.38% shares closed 4.4% higher Monday at a record $173.45, after touching an intraday record of $173.67, afterRead More →
