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Technology

Dow jumps 300 points on gains for Salesforce Inc., Apple Inc. stocks

The Dow Jones Industrial Average is climbing Wednesday morning with shares of Salesforce Inc. and Apple Inc. delivering strong returns for the index. The Dow DJIA, +1.05% is trading 304 points higher (0.9%), as shares of Salesforce Inc. CRM, +3.35% and Apple Inc. AAPL, +2.91% are contributing around a quarter of the blue-chip gauge’s intraday […]

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US

Match hits pause on ‘metaverse’ dating and Tinder crypto, stock plunges 20% after surprise loss

Match Group Inc. shares were pummeled Tuesday after the online-dating company’s new chief executive detailed a slowdown for its most popular product, Tinder, and decided to pause newer initiatives such as Tinder-based crypto and “metaverse” dating. Match MTCH, +4.32% reported a loss of $31.86 million, or 11 cents a share, down from a profit of […]

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Life Style

‘It has me questioning if we are in the right relationship.’ Our financial adviser is a ‘top performer’ but she costs well over $20K a year — even when we lose money. Should we get a new one?

How to know if your financial adviser is worth the money. Getty Images/iStockphoto Question: After our first financial adviser retired, we picked a new one recommended by her to continue our relationship with the firm. Our fixed-rate fee of $1,700 per year changed to 0.9% of our assets under management. That meant the fee was […]

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Technology

Dow jumps nearly 125 points on gains in Chevron, Apple Inc. shares

The Dow Jones Industrial Average is climbing Friday morning with shares of Chevron and Apple Inc. seeing positive gains for the index. The Dow DJIA, +0.42% was most recently trading 122 points, or 0.4%, higher, as shares of Chevron CVX, +9.26% and Apple Inc. AAPL, +3.59% have contributed to the index’s intraday rally. Chevron’s shares […]

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Science

Magnit 2Q Sales Rose Sharply as Environment Stabilizes

By Joe Hoppe Magnit said Thursday that total sales rose 39% in the second quarter as its customer environment normalized and shopping patterns returned to normal. The Russian grocer said revenue rose to 588.6 billion rubles ($9.91 billion) from RUB424.34 billion the prior year, while net retail sales rose 40% on year to reach RUB579.0 […]

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Technology

Apple Inc. stock rises Wednesday, still underperforms market

Shares of Apple Inc. AAPL, +3.42% advanced 3.42% to $156.79 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP, +4.06% rising 4.06% to 12,032.42 and the Dow Jones Industrial Average DJIA, +1.37% rising 1.37% to 32,197.59. The stock’s rise snapped a three-day losing […]

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Technology

Big Tech earnings are about to determine the direction of the market

Just five companies control nearly a quarter of the S&P 500 index’s market cap, and they will all report earnings this week that could determine the direction of the market for weeks or months to come. As Big Tech — Google parent Alphabet Inc. GOOGL GOOG, Amazon.com Inc. AMZN, Apple Inc. AAPL, Facebook parent Meta […]

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Technology

‘People will freak out’: The cloud boom is coming back to Earth, and that could be scary for tech stocks

Cloud computing is widely viewed as a recession-resistant business, but the theory has not really been tested since cloud-service providers have not experienced a major economic downturn since becoming a core element of of tech infrastructure. As a potential recession looms, investors should be prepared for the cloud boom to return to earth, and there […]

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Entertainment

Netflix is pulling out all the stops to reverse a slide in subscribers

Netflix Inc. is pulling out all the stops to reverse a recent exodus of subscribers, but will it be enough? Investors are likely to get a partial answer on Tuesday, when the company releases its second-quarter results. In a dire time for tech stocks, none has been battered more than the streaming giant, which suffered […]

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Entertainment

Netflix looks to renegotiate programming deals to allow ads to be shown

Netflix Inc. is seeking to amend its programming deals with major entertainment studios to allow the streaming giant to put content on an advertising-supported version of the service, people familiar with the matter said. Among the studios Netflix NFLX, -1.63% has begun talks with are Warner Bros. WBD, +2.12%, which makes the hit stalker drama “You”; Comcast’s CMCSA, […]