Tech stocks worst two-week period since the start of the pandemic

Pedestrians pass the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images What started as a recovery in the third quarter has turned into a flop for tech investors. The Nasdaq fell 5.1% this week after losing 5.5% the week before. That marks the worst two-week period for the tech-heavy index since it … Read more

Google CEO Pichai questions cost-cutting during an all-party meeting

Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, January 22, 2020. Fabrice COFFRINI | AFP | Getty Images As Google tries to navigate an unfamiliar environment of slowing growth, cost cutting and employee disagreements over cultural change, CEO Sundar Pichai is on the defensive. At … Read more

We want to buy on market weakness

Every weekday, the CNBC Investing Club with Jim Cramer will be hosting a “Morning Meeting” livestream at 10:20 am ET. Here’s a recap of Thursday’s key moments. We have no choice but to buy quick listings: MRVL, LLY, NVDA, META 1. We have no choice but to buy stocks that collapsed on Thursday, continuing their … Read more

Fitness apps will soon contribute to the metaverse

Whether you’re strapping in for a Peloton ride or buying virtual real estate, Mark Zuckerberg says you’ve joined the metaverse. On an August episode of the Joe Rogan Experience podcast, Meta’s CEO said the evolution of virtual reality will unfold in the same way that computers and cellphones do: Gamers are the first to explore … Read more

5 things to know before the fair opens on Wednesday, September 21

Trader on the floor of the NYSE, September 20, 2022. Source: NYSE Here are the key news items investors need to start their trading day: 1. Decision Day Investors are bracing for the Federal Reserve’s interest rate announcement Wednesday. A three-quarter-point hike in benchmark rates is ingrained, but markets are looking for more clarity on … Read more

Meta-shares plunged 14% this week and came close to their pandemic low

Meta Platforms CEO Mark Zuckerberg speaks at Georgetown University in Washington on October 17, 2019. Andrew Caballero-Reynolds | AFP | Getty Images Facebook hasn’t been this cheap since the start of the pandemic. After dropping 14% for the week to close at $146.29, shares of Facebook parent Meta are at their lowest point since March … Read more

The Meta Meltdown: This Chart Shows Facebook’s Fall Among the Most Valuable US Companies

Haunted by competitive and macroeconomic threats, Meta Platforms Inc. into the ranks of the largest American companies. After a 9.4% daily drop in its stock, Meta META, -9.37% Ranked 10th by market value as of Tuesday’s closing price, under Visa Inc. v, -3.37% for the first time since early August. Meta, the parent company of … Read more

Apple plans new App Store advertising spots before the end of the year

Apple CEO Tim Cook holds the new iPhone 14 at an Apple event at their headquarters in Cupertino, California, September 7, 2022. Carlos Barrio | Reuters Apple plans to release new ad “placements” as soon as this year’s holiday season, according to a message sent to developers on Tuesday inviting them to an online session … Read more

JPMorgan picks stocks to profit as China metaverse takes off

Some parts of China have officially promoted metaverse development plans. Pictured here is a metaverse exhibition space at an annual services fair in Beijing on September 1, 2022. China News Service | China News Service | Getty Images BEIJING — When it comes to futuristic concepts like the metaverse, JPMorgan analysts think they’ve found a … Read more

Apple Wins Over Facebook And Google In Online Ads After iOS Change

A leader of the US Federal Communications Commission said he has asked Apple and Google to remove TikTok from their app stores over data security concerns. Pictured here is the TikTok download page on an Apple iPhone on August 7, 2020. Drew Angerer | Getty Images News | Getty Images The Google-Facebook online ad duopoly … Read more