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 →
Advanced Micro Devices Inc. had the best-performing stock on the S&P 500 in 2018and 2019, but it took a strong start to 2020 to finally break the chip maker’s record high from the dot-com bubble days. AMD AMD, -1.02% shares jumped 7.1% on the first day of trading in theRead More →
Sharon Stone is not alone in her struggles with online dating. The actress tweeted TWTR, +0.06% that she was kicked off the dating site Bumble as other users reported her profile, believing it to be fake. “I went on the @bumble dating sight and they closed my account,” she wrote.Read More →
In 2011, pioneering venture capitalist Marc Andreessen wrote an op-ed called “Why software is eating the world,” introducing his thesis that what we now know as Internet 2.0, an industry of platforms like Facebook and Twitter, would replace the old world of desktop computer hardware. Nearly a decade later, ifRead More →
For the semiconductor industry, 2019 was the best of years and the worst of years all in one: Chip-related stocks turned in their best performance in a decade, while sales declined at a rate not seen since the last economic downturn. The PHLX Semiconductor Index SOX, +0.28% increased 60.1% inRead More →
The two stocks that contributed the most to 2019’s total stock-market returns also hold that position for the entire decade. While it’s fun to look at how the overall composition of the top 10 contributors has changed — with a noticeable shift from the energy sector to finance, for exampleRead More →
Getty Images Amazon, which is known for convenient delivery, is now making returns more convenient United Parcel Service Inc. said Thursday that it forecasts a record National Returns Day, with 1.9 million returns expected, up 26% from last year. National Returns Day is on Jan. 2, 2020. This will beRead More →
Getty Images The jobs environment is getting rosier, at least judging by the latest jobs figures from the Bureau of Labor Statistics. Can you have a job with high satisfaction that also pays six figures? What about first-time job hunters? The answer to both questions is, “Yes.” If you chooseRead More →
If you think the worst is over for Boeing since the board jettisoned the CEO, think again. Logically, you don’t drop the person in charge when progress is being made. Rather, you let them go when it becomes clear they are part of the problem, not the solution. Now thatRead More →
It may all have happened a long time ago in a galaxy far, far away, but there’s a secret weapon in every Star Wars film that’s found almost everywhere humans live on Earth. It explains how the scrappy Rebel Alliance were able to defeat the mighty Galactic Empire, with allRead More →
Forget Seattle, Denver and San Francisco. Boise, Idaho, is poised to be the hottest housing market at the start of the next decade. A new report from Realtor.com identified the housing markets that are expected to see the most notable home sales and price growth in 2020. Boise ranked No.Read More →
