The strong and sustained rally in tech stocks, which appears to have finally come to an end, was due in no small part to a single investor. According to the Financial Times, citing "people familiar with the matter," Japanese tech conglomerate SoftBank (OTC: SFTBY) was the respon
The so-called FAANG stocks had a rough week at the start of September 2020. A broad market rout drove their share prices sharply lower on Thursday and Friday at an average drop of 7.1% for the group of five leading technology companies. The S&P 500 market index only fell 4%
What happened
For the second day in a row, the Nasdaq took a tumble Friday, taking down digital entertainment stocks Activision Blizzard (NASDAQ: ATVI), Netflix (NASDAQ: NFLX), and Roku (NASDAQ: ROKU) with it. In early trading, all three stocks tumbled more than 5% -- in fact, a
SoftBank Group Corp made significant option purchases during the run-up in the U.S. stock market in recent weeks as a way of temporarily investing some of its proceeds from asset sales, people familiar with the matter said on Friday.
SoftBank Group Corp made significant option purchases in the U.S. stock market in recent weeks as a way of temporarily investing some of its proceeds from asset sales, people familiar with the matter said on Friday.
"It will change everything ." With statements like this, Verizon isn't holding back when it comes to creating excitement about its fifth-generation network (5G). Many investors expect Verizon's next growth cycle to come from 5G wireless upgrades. However, during 2021, the telec
The best sort of companies to invest in during a recession are generally companies that see steady growth in customer demand, even in bad times. These are often companies that offer a newer, better way of doing things. They tend to provide their customers with amazing products o
What happened
In case you haven't heard, the bottom fell out of the Nasdaq today. In the final half hour of trading, the tech-heavy index looks likely to close down at least 5% -- and perhaps even lower than that. Indeed, three of the biggest megacap tech stocks are already down
Wall Street's main indexes tumbled on Thursday, heading for their worst day since June as investors dumped high-flying technology-focused stocks, while economic data highlighted concerns about a long and difficult recovery.
Wall Street's main indexes fell on Thursday as technology-focused stocks lost strength, while elevated jobless claims and a slowdown in services sector fueled fears of a slow and prolonged economic recovery.
Turkey's broadcasting watchdog said on Thursday it will order Netflix to block access local to the soon-to-be-released film "Cuties" on grounds that it contains images of child exploitation.
The S&P 500 and Nasdaq were set to ease from record levels at the open on Thursday as a rally in technology stocks cooled and elevated levels of weekly jobless claims fueled worries about a struggling U.S. labor market.
Despite a stock price that has skyrocketed 67% this year, this company still has what I believe to be a long growth runway. Sales in its most recent quarter (which ended June 30) were up 25% from the prior-year period, and its market capitalization is now $243 billion.
Both digital video veteran Netflix (NASDAQ: NFLX) and social media giant Facebook (NASDAQ: FB) are crushing the market in 2020. The COVID-19 pandemic has posed serious challenges for all businesses, including these two, but stay-at-home policies during the health crisis have bee
U.S. stock index futures dipped on Thursday as a rally in technology stocks cooled and investors looked forward to data on weekly jobless claims as well as business surveys for more clarity on the path to economic recovery.
Value stocks are, by definition, relatively inexpensive relative to their earnings and long-term growth potential. Typically compared to exciting growth stocks, these companies enjoy more stable and slower growth trends, but can create massive returns over time. Even by value st
Altice USA Inc's C$10.3 billion ($7.9 billion) offer on Wednesday to snap up the U.S. assets of Cogeco Inc and sell the rest to Rogers Communications Inc has been rejected by the Canadian cable company's top investor.
Reuters
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