Tag Archives: tech

‘It’s so horrible that I want to buy it’ — Jim Cramer likes these 2 beaten-down tech names that are still posting white-hot revenue growth The market doesn’t seem able to find a bottom. The S&P 500 has fallen about 16% year to date, while the tech-centric Nasdaq is down 26% over the same time frame. But CNBC’s Jim Cramer sees plenty of opportunity amid the market downturn. In fact, the Mad Money host recently revealed two stocks that he wants to buy right now. Here’s a quick look… Source link

After a controversial new social media law went into effect Wednesday in Texas, the Supreme Court began weighing Big Tech’s emergency request to put it on hold as the tech industry fights the legislation. Texas statute HB 20 requires large platforms like Twitter (TWTR), Meta’s Facebook and Instagram (FB), TikTok, and YouTube (GOOG, GOOGL) to publish all user posts that express a “viewpoint.” Their industry lobbyists are challenging the statute on First Amendment and other grounds, and… Source link

U.S. stocks ended mixed on Monday, with equities struggling for direction as concerns over the growth outlook persisted amid elevated inflation. The S&P 500 ended a choppy session lower, dropping 0.4% to close at 4,008.01.The Nasdaq dropped by 1.2% to end at 11,662.79, as mega-cap technology companies including Apple (AAPL) fell and dragged the index lower. The Dow Jones Industrial Average closed slightly higher to reach 32,223.42. U.S. crude oil prices (CL=F) erased earlier losses and rose… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Stay at home stocks are getting smoked Tech stocks skyrocketed after the pandemic hit and the world went virtual. We pedaled it out on Pelotons (PTON) instead of hitting the gym, and we watched Netflix (NFLX) like it was our second job. Zoom (ZM) became a verb as we began chatting and socializing… Source link

Traders are betting the Federal Reserve’s 0.5% rate increase today is far from its last this year. Fed funds futures are pricing in hikes of varying sizes for the next five meetings, and Fed officials themselves have endorsed that view — and suggested again today in their statement — that increases will continue. But what if the U.S. economy isn’t strong enough to withstand those rate increases and the Fed is forced to stop? “The Fed was too slow to act when the economy was growing,… Source link

U.S. stock futures opened slightly lower Monday evening after a whipsaw session in markets during the regular trading day, as investors appraised the next moves by the Federal Reserve and a fresh batch of quarterly earnings results. Contracts on the S&P 500 declined. During the regular trading day, technology stocks outperformed, leading the S&P 500 higher by 0.6%, and the Nasdaq up by 1.6%. And these moves in tech shares came even as the benchmark 10-year Treasury yield topped 3%, or its… Source link

Six months ago, Facebook changed its name to Meta (FB) ostensibly to reflect its focus on the virtual reality spaces known as the metaverse. The announcement was simultaneously important and strange, echoing another tech giant’s name change — Google’s 2015 move to rename itself Alphabet (GOOG, GOOGL). It’s difficult to tell if Meta’s name change has been embraced by the public or, for that matter, if Alphabet’s has. Even as I’m writing this, it feels weird to refer to Facebook… Source link

(Bloomberg) — U.S. stocks rose as dip-buyers emerged ahead of a busy week for Big Tech earnings. Most Read from Bloomberg The S&P 500 gained in a choppy afternoon session, while the tech-heavy Nasdaq 100 climbed more than 1%. Twitter Inc. extended gains after billionaire entrepreneur Elon Musk agreed to buy the social networking platform. Alphabet Inc., Apple Inc., Amazon.com Inc. and Meta Platforms Inc. are all due to report. “This week may easily be a fork in the road of equities,” JC… Source link

Companies like Netflix, Disney, and HBO do battle over media streaming of movies and TV shows, but all of their services combined pale in comparison to YouTube, which says it delivers over a billion hours of video streams every single day. Now, Google Cloud is announcing general availability of its Media CDN, a network for media companies to use for their own streaming experiences. Competitors like Microsoft Azure, Amazon CloudFront, Fastly, and Cloudflare are already in the market, but… Source link

Google has been criticised for an “inclusive language” feature that will recommend word substitutions for people writing in Google Docs. The tool will offer guidance to people writing in a way that “may not be inclusive to all readers” in a similar manner to spelling and grammar check systems. Although the suggestions are just suggestions – they aren’t forced on writers and the tool may be turned off – critics have described it as “speech-policing” and “profoundly clumsy, creepy… Source link