Joe Rosenberg’s relationship with Barron’s goes back to 1963, when he wrote a bullish article on Trans World Airlines that resulted in a pop in the stock. Rosenberg, 89, spent much of his career at Loews (L), the conglomerate run by the Tisch family, as chief investment officer and then chief investment strategist. He retired … Read more
Shares of Apple Inc. and Alphabet Inc. both suffered their largest weekly declines since the beginning days of the pandemic this week, as Big Tech companies continued to draw closer scrutiny from Wall Street. Apple’s stock AAPL, -0.19% finished down 11.2% on the week, its worst weekly performance since the week that ended March 20, … Read more
In a filing Thursday, the Alphabet Workers Union claimed that Alphabet and two of its staffing vendors violated federal labor law, which protects employees’ right to discuss their working conditions and organize. By withdrawing workers’ access to an online spreadsheet comparing pay rates, the companies “interfered with, restrained and coerced” the employees, the complaint claims.
One cruel truth the stock market confirmed this past week is that trying to pick the bottom for technology stocks is a fool’s errand. The Nasdaq Composite terrible September—it was down 10.5% on the month—has made the bottom-fishing that took place over the summer look ill-advised. As I’ve noted before, the first downturn in tech … Read more
Text size Apple shares were poised to extend losses on Monday. Dreamstime Major technology stocks such as Apple and Alphabet were poised for further losses Monday after Federal Reserve Chairman Jerome Powell said the central bank would stick with its plan to raise interest rates to fight inflation. Growth stocks are particularly vulnerable to higher … Read more
From left: Fed officials Jerome Powell, Lael Brainard, and John Williams ponder the great outdoors during a break at the economic symposium at Jackson Hole. David Paul Morris/Bloomberg Text size Grand Teton National Park has a stark warning for visitors to the Wyoming mountain oasis. “Bears are active,” it says on its website. “Travel in … Read more
Illustration by Elias Stein Text size Tesla has given investors something to look forward to this coming week: a three-for-one stock split. As of the close of trading on Aug. 24, Tesla shareholders will get a “dividend” of two extra shares. The next day, Tesla stock will start trading at the new price—a third of … Read more
Text size Tesla’s shareholder meeting is on Thursday. Nicolas Asfouri/AFP via Getty Images Tesla stock was climbing Tuesday afternoon as investors await a crucial shareholder meeting later in the week. Although shares in Tesla (ticker: TSLA) were 0.7% lower in premarket trading, by midday they were up 3% at $918.47. Shares are now above their … Read more