Tech Versus the Rest Dominates Trading Debate Ahead of Earnings
(Bloomberg) — Trading ideas are stacking up for what’s set to be a difficult second-quarter earnings season featuring a wide variation in performance due to the coronavirus pandemic. Stocks have surged from March’s lows despite the bleakest profit…
US STOCKS-S&P 500, Nasdaq fall on tech selloff, mixed bank earnings
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window) * JPMorgan tops estimates, Wells Fargo swings to loss * Delta warns air travel recovery two years away * Technology falls the most among S&P sectors * Indexes: Dow up…
Does the epic Twitter hack mean you should sell all your tech stocks?
Don’t let Twitter’s failure to keep hackers at bay shake you out of the hot tech stocks that have likely provided a big portfolio boost this year, pros say. Remember, Wall Street’s best minds mostly agree (and they rarely ever do) that it’s the likes of…
Google latest US tech giant to invest in India’s Jio
Google has become the latest US technology giant to invest in Indian conglomerate Reliance Industries’ digital business. The Alphabet-owned search engine has agreed to pay $4.5bn (£3.6bn) for a 7.7% stake in Jio Platforms. Reliance’s…
Instead of Criticizing Tech Valuations, Embrace Them
(Bloomberg Opinion) — The Covid-19 pandemic may have hurt the economy, but for technology stocks it feels like 1999 again. The Nasdaq Composite Index just reached a record high having rebounded about 50% from its low of the year in March. The stock…
Nasdaq ‘Fear Gauge’ Flashes Warning Signs About Tech Rally
(Bloomberg) — There are more signs of possible trouble ahead for high-flying technology stocks, this time from gauges of expected volatility. One alert stems from the widest spread since 2004 between the Cboe NDX Volatility Index, a measure of…
How tech giants are handling the unprecedented mental health crisis in the workplace
Betsy Sutter has over three decades of experience in human resources, but nothing has prepared her for the widespread mental turmoil currently afflicting her colleagues. As chief people officer for business software firm VMware, Sutter has the…
Dow on track to end 4-session winning streak after jobless claims, retail sales
Stocks fell Thursday, as investors digested a deluge of earnings results and new economic data on the state of the consumer and labor market as the pandemic continues. The ongoing economic impact of the coronavirus pandemic will be captured in two key…
Fahim Saleh — the tech CEO found dismembered in his New York apartment— was an ambitious dreamer who was proud of his family and success
Fahim Saleh was found dismembered in his New York apartment on July 14. REUTERS/Temilade Adelaja Fahim Saleh, a 33-year-old entrepreneur, was found dismembered at his Manhattan apartment this week. A founder of ride-share and delivery technology, Saleh…
How Might Tech Shape Up In the Post-COVID Economy? Earnings Ahead
Key Takeaways: Analysts expect a decline in Q2 and Q3 earnings but a strong recovery from Q4 2020 through 2021 Companies producing or offering cloud-based and subscription-based services performed better during the COVID lockdown period Economic…