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Roku stock plummets toward worst drop on record after 'frankly awful' earnings

Roku stock plummets toward worst drop on record after ‘frankly awful’ earnings

Shares of Roku Inc. were tumbling toward their worst drop on record Friday after the streaming company acknowledged a “significant slowdown” in advertising spending that helped propel it to weaker-than-expected results and could persist beyond the latest quarter. “Consumers began to moderate discretionary spend, and advertisers significantly curtailed spend in the ad scatter market (TV …

Roku stock plummets toward worst drop on record after ‘frankly awful’ earnings قراءة المزيد »

Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?

Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?

Yahoo was once the most popular website on the planet, the only place that everyone on the internet seemed to touch at least once an online session. After an ignominious slide, however, Yahoo is just another site that has some fans in certain parts of Asia and offers some niche products. Has Mark Zuckerberg launched …

Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0? قراءة المزيد »

A 3-Day Tech Earnings Deluge Begins.  Here Are the Key Issues to Track.

A 3-Day Tech Earnings Deluge Begins. Here Are the Key Issues to Track.

Text size Microsoft and a slew of other tech giants are set to report earnings this week. Jeenah Moon/Getty Images Over the next three days, investors will be bombarded by June quarter earnings reports from the sector’s biggest and most important players. On Tuesday, Microsoft (ticker: MSFT) and Alphabet (GOOGL) will report results. On Wednesday, …

A 3-Day Tech Earnings Deluge Begins. Here Are the Key Issues to Track. قراءة المزيد »

AT&T earnings were 'actually good' despite stock selloff, says analyst

AT&T earnings were ‘actually good’ despite stock selloff, says analyst

AT&T Inc.’s shares fell sharply Thursday after the telecommunications giant cut its free-cash-flow forecast for the year, but one analyst said the latest report wasn’t all bad. In fact, LightShed Partners analyst Walt Piecyk titled his research note: “AT&T’s Q2 Was Actually Good. Here’s Why.” Admittedly, AT&T’s T, -7.62% The management team didn’t win points …

AT&T earnings were ‘actually good’ despite stock selloff, says analyst قراءة المزيد »

'Stray' — the videogame where you play as a cat — is breaking the internet

‘Stray’ — the videogame where you play as a cat — is breaking the internet

The cat is out of the bag — and probably all over your Twitter feed. “Stray,” a new videogame for Sony’s SONY, +3.42% PlayStation and Microsoft MSFT, +2.08% Windows, lets players explore a subterranean, cyberpunk city as ginger tabby that’s trying to claw its way back to its family. The $29.99 third-person platform adventure and …

‘Stray’ — the videogame where you play as a cat — is breaking the internet قراءة المزيد »

I'm the chief economist for a $5 billion real estate data and title company.  Here are 5 things you need to know about the housing market now

I’m the chief economist for a $5 billion real estate data and title company. Here are 5 things you need to know about the housing market now

Mark Fleming Housing has become increasingly unaffordable to millions of Americans — with home prices and mortgage rates continuing to rise (see the lowest rates you may qualify for now here). So – as part of our series where we ask prominent economists and real estate pros their take on the housing market now – …

I’m the chief economist for a $5 billion real estate data and title company. Here are 5 things you need to know about the housing market now قراءة المزيد »

Weekend reads: What's ahead for the stock market after that brutal first half of 2022

Weekend reads: What’s ahead for the stock market after that brutal first half of 2022

The first half of 2022 marked a big change for investors and consumers, as inflation reared its ugly head. It was the worst start of the year for US stocks since 1970. William Watts looks back at previous first-half bear markets and you might be surprised to see what happened afterward — every time. Meanwhile, …

Weekend reads: What’s ahead for the stock market after that brutal first half of 2022 قراءة المزيد »

Dow Closes Below 30000 as Post-Fed Rally Reverses

Dow Closes Below 30000 as Post-Fed Rally Reverses

US stocks fell sharply Thursday, sending the Dow Jones Industrial Average below 30000 for the first time since January 2021 as volatility continued to rock the market. Major indexes have notched big declines in 2022 as high inflation, rising interest rates and growing concerns about corporate profits and economic growth dent investors’ appetite for risk. …

Dow Closes Below 30000 as Post-Fed Rally Reverses قراءة المزيد »

S&P 500 Falls Into Bear-Market Territory as Dow Drops

S&P 500 Falls Into Bear-Market Territory as Dow Drops

Investors’ fears over inflation and the economy’s outlook in the face of rising interest rates tipped the S&P 500 into bear market territory, lifted bond yields and dragged down cryptocurrencies and other riskier holdings. The S&P fell 3.1% in early afternoon trading Monday. If the loss holds to the market’s close, the broad index would …

S&P 500 Falls Into Bear-Market Territory as Dow Drops قراءة المزيد »