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Business

Tech stocks just finished a five-week rally — the longest stretch

Tech stocks on display at the Nasdaq. Peter Kramer | CNBC The Nasdaq just wrapped up its fifth straight week of gains, jumping 3.3% over the last five days. It’s the longest weekly winning streak for the tech-laden index since a stretch that ended in November 2021. Coming off its worst year since 2008, the […]

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Business

Amazon stock hit hardest after tech earnings bonanza, despite

Andrew Ross Sorkin speaks with Amazon CEO Andy Jassy during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. Michael M. Santiago | Getty Images Shares of Amazon fell as much as 5% on Friday, a day after the e-retailer […]

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Business

Apple telegraphed that things are getting better after a tough

Apple reported a tough December quarter on Thursday, including the company’s biggest quarterly revenue decline since 2016, along with sales drops in its iPhone, Mac and wearables businesses. At first, investors didn’t like the results, with Apple shares dropping as much as 4% in extended trading. But the stock had a brief rally after Chief […]

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Business

Meta’s ‘Year of Efficiency’ was everything Wall Street needed to

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., center, departs from federal court in San Jose, Calif., on Dec. 20, 2022. David Paul Morris | Bloomberg | Getty Images With one simple slogan, Meta CEO Mark Zuckerberg temporarily quelled investor discontent with his company’s multibillion-dollar investment into the futuristic metaverse. “Our management theme for […]

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Business

Meta set to report fourth-quarter earnings after the bell

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., left, arrives at federal court in San Jose, California, US, on Tuesday, Dec. 20, 2022.  David Paul Morris | Bloomberg | Getty Images Meta reports fourth-quarter earnings on Wednesday as the company tries to reverse a slide that pushed the stock down by 64% last year. […]

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Business

Everyone’s watching Meta’s earnings report for a hint at how

Meta Platforms CEO Mark Zuckerberg speaks at Georgetown University in Washington on Oct. 17, 2019. Andrew Caballero-Reynolds | AFP | Getty Images Wall Street’s worst year since 2008 wreaked havoc on tech companies, particularly those reliant on digital advertising. Facebook parent Meta lost almost two-thirds of its value in 2022 as year-over-year revenue fell in […]

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Technology

Fourth class-action lawsuit filed against Apple for alleged

Privacy is at the center of Apple’s ad campaigns AppleInsider may earn an affiliate commission on purchases made through links on our site. A fundamental misunderstanding of App Tracking Transparency tools has led to multiple lawsuits against Apple in recent weeks, with the fourth filed in Northern California being the most recent. Developers at Mysk […]

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Technology

Folding iPad will launch next year, top Apple analyst Kuo says

The world’s biggest iPhone factory, located in China and run by Foxconn, faced disruptions in 2022. That is likely to filter through to Apple’s December quarter results. Meanwhile, analysts questioned demand for the iPhone 14 from Chinese consumers. Nic Coury | Bloomberg | Getty Images Apple will slow the pace of iPad releases for the […]

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Business

5 things to know before the stock market opens Monday, January 30

Traders on the floor of the NYSE Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Rally faces tests this week The January rally has hung in there, weathering a mixed bag of earnings reports and forecast cuts, as well as some soft economic data. This […]

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Business

Carmakers face a crossroads as they work to fit auto dealers into

Customers wearing protective masks looks at the interior of a vehicle for sale at a Ford Motor Co. dealership in Colma, California, Feb. 1, 2021. David Paul Morris | Bloomberg | Getty Images DETROIT — As automakers chase Tesla-like profits on new electric vehicles, they face an existential question: how best to bring franchised auto […]