Apple, Alphabet, and Other Big Tech Stocks Poised for Further Losses

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

PayPal Is Being Targeted by Activist Elliott. Here’s Why.

Text size PayPal shares have slid this year as people have returned to their prepandemic spending habits. Courtesy of PayPal Payments giant PayPal finally has attracted an activist. PayPal (ticker: PYPL) had been a pandemic-darling as households increasingly shopped online but shares have slid more than 60% this year as people returned to their prepandemic … Read more

U.S. Tech Stocks Are Luring Indian Retail Investors Despite Rout

That’s according to Vested Finance, which runs a platform that helps Indians buy and sell offshore stocks and exchange-traded funds. Total buy volumes for all US stocks in the June quarter were twice that of the sales, the company said in a report, without providing the actual transaction value for the period.

UK launches inquiry into Microsoft’s $69 billion takeover of Activision

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The Most Valuable Business on Earth Could Be Hiding Inside Amazon

Text size Amazon has created what is arguably one of the world’s best growth businesses. Thomas Samson/AFP via Getty Images Amazon Web Services just might be the most valuable business on Earth. And the most undervalued. Clearly, the optimistic view of the long-term potential of AWS isn’t reflected in the current valuation for Amazon.com stock … Read more

Dow Futures Sink on Recession Fears, Ahead of Powell Testimony

Text size People walk along Wall Street, near the New York Stock Exchange in New York. (Photo by ED JONES/AFP via Getty Images) Stock futures fell Wednesday, eating into a good chunk of the previous session’s gains, as investors went back to worrying that the Federal Reserve’s aggressive plans to tighten monetary policy could lead … Read more

Dow Futures Surge as Wall Street Rebounds From Last Week’s Steep Selloff

Text size Traders work on the floor of the New York Stock Exchange. Spencer Platt/Getty Images Stock futures traded sharply higher Tuesday as investors returned from a three-day weekend feeling a bit more optimistic after last week’s steep selloff. Contracts linked to the Dow Jones Industrial Average rose 450 points, or 1.5%, to 30,319, S&P … Read more

Exxon May Be Making ‘More Than God.’ But Apple and Alphabet Are More Profitable.

Text size President Biden, who is hurting politically due to high inflation, took a swipe at industry leader Exxon Mobil on Friday. Brandon Bell/Getty Images Exxon Mobil may be making “more than God this year,” as President Joe Biden said Friday in Los Angeles, but it’s far from the most profitable company in the country. … Read more

Warren Buffett Says Markets Have Become a ‘Gambling Parlor’

OMAHA, Neb.—As recently as February, Warren Buffett lamented he wasn’t finding much out there that was worth buying.  That is no longer the case. After a yearslong deal drought, Mr. Buffett’s Berkshire Hathaway Inc. BRK.B -2.55% is opening up the spending spigot again. It forged an $11.6 billion deal to buy insurer Alleghany Corp. Y … Read more