Renewable energy and cannabis-related stocks, tipped to gain under a Joe Biden administration, were among the hardest hit on Wall Street on Wednesday, as traders adjusted to overnight results that left the presidential election hanging in the balance.
It appears election-year jitters have caused many winning tech stocks to sell off recently, despite most posting sterling results. Why? Who knows. It could be any number of reasons. Some investors may fear higher corporate taxes. Some portfolio managers may be locking in gains an
Futures tracking the S&P 500 and the Nasdaq indexes rose in volatile trading on Wednesday as investors faced the prospect of a drawn-out and potentially contested U.S. election result after President Donald Trump took the lead in some key states.
Nearly since the last presidential election in 2016, some investors have obsessed over what would happen in 2020. As new government policies took effect over the past four years -- most notably with tax reform -- Americans realized what was at stake in the 2020 elections.Yet for
U.S. stock index futures swung to gains in volatile trading on Wednesday as investors faced the prospect of a drawn-out and potentially contested U.S. election result after President Donald Trump took the lead in some key states.
America’s big day has come and gone, and the American people have spoken. The only problem is we still don’t know who’ll be sitting in the White House come Jan. 20, 2021 -- at least as of 3 a.m. EST on Nov. 4.This has been a hard-fought election cycle from both
We believe that Alliance Data Systems stock (NYSE: ADS) has an upside potential of 60% over the next 1-2 years, when the user transaction volumes return to the pre-crisis levels. ADS trades near $52 currently and it has lost 54% in value year-to-date. It traded at a pre-Co
In this episode of Industry Focus: Wildcard, Nick Sciple interviews Joost van Dreunen, author of One Up: Creativity, Competition, and the Global Business of Video Games, about his book and the business of video games. They discuss how developers, game publishers, console makers,
What happenedShares of Michaels (NASDAQ: MIK) were sliding last month, even though there was no news out on the arts-and-crafts retailer. Instead, the combination of rising coronavirus cases and the stock's being heavily shorted seemed to contribute to a slide in the second half
Canada introduced a bill on Tuesday that would strengthen the broadcast regulator and allow it to collect up to C$830 million ($630 million) by 2023 from online streaming companies such as Netflix and Amazon to fund Canadian content.
Amazon (NASDAQ: AMZN) may be considering greatly reducing or eliminating its reliance on the United States Postal Service (USPS) for its rural deliveries, according to reports on Monday by the website The Information and other outlets. Amazon's plan to handle its own rural delive
MILAN/LONDON/NEW YORK/MELBOURNE (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
LONDON (Reuters Breakingviews) - Alibaba, JD.com, and Tencent are launching a proxy war in New York. Jack Ma’s behemoth may be mulling a $300 million investment in U.S.-listed online fashion retailer Farfetch, which is also backed b
Canada on Tuesday unveiled plans to make U.S. tech companies such as Netflix Inc, Amazon.com Inc and Facebook Inc pay for domestically produced content but will not make them collect local taxes, officials said.
MILAN/LONDON/NEW YORK/MELBOURNE (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
Amazon (NASDAQ: AMZN) announced its Q3 results after the market close last Thursday, and by pretty much every measure it reported another blowout quarter. The company posted revenue of $96.1 billion, up 37% year over year and soaring past analysts' consensus estimates of $92.7 bi
It's been over five years since Amazon.com (NASDAQ: AMZN) started disclosing detailed results for Amazon Web Services (AWS). The cloud infrastructure business was simply becoming too important to the company's overall results, particularly given AWS is far more profitable than th
Antitrust scrutiny of major tech corporations has been intensifying in recent years as critics argue that the companies wield too much power in their respective markets. For Apple (NASDAQ: AAPL), the main criticisms revolve around the App Store, which is the only way for average
Despite the COVID-19 recession, incoming competition in the streaming space, and a somewhat lackluster recent earnings report, video streaming leader Netflix (NASDAQ: NFLX) announced it would be raising prices for its monthly subscriptions in the U.S. last week. A standard plan w
Amazon (NASDAQ: AMZN) destroyed estimates once again in its latest earnings report.The e-commerce giant has been one of the biggest winners during the coronavirus pandemic and its third-quarter results showed why. Revenue jumped 37% to $96.1 billion, sprinting past the analyst co
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