What to do if you’re worried about tech exposure in your portfolio

marekuliasz | iStock | Getty Images Some big names suffered large stock losses last week as they reported earnings. Four companies — Google parent Alphabet, Amazon, Facebook parent Meta and Microsoft — collectively shed more than $350 billion from their market cap, the measure of the total value of all of their shares of stock. … Read more

Payments giants to apply new code identifying sales at U.S. gun stores

Fire arms are seen at the Bobâs Little Sport Gun Shop in the town of Glassboro, New Jersey, United States on May 26, 2022.  Tayfun Coskun | Anadolu Agency | Getty Images Visa, the world’s largest payments processor, said on Saturday it will implement a new merchant category code for U.S. gun retailers, which will … Read more

What outperforming mutual funds are buying and selling

Mutual funds, large pools of cash run by professional investment managers, seem to be having their best year in more than a decade, an analysis by Goldman Sachs showed. “A greater share of mutual funds has outperformed their benchmarks in 2022 than in any year since 2009,” Goldman’s analysts, led by Cormac Conners, said in … Read more

Stocks in these downbeat sectors are outperforming the market, and analysts love them

This year has been marked by big sell-offs in certain sectors, as economic uncertainty and rising interest rates have sparked sharp declines. However, there are still some stocks that are outperforming even as their peers sink, and Wall Street analysts think it’s not too late to jump into those names. The chart below, which uses … Read more

Wall Street analysts pick safe-haven consumer stocks

The state of consumer spending in the U.S. is tricky to call right now . On the one hand, inflation is hitting some consumers hard. The University of Michigan Consumer Sentiment Index fell to an all-time low in June, although it slightly improved in July, data on Friday showed. The Bureau of Economic Analysis reported … Read more

Stripe launches crypto payments feature, with Twitter as first client

Illustrative image of two commemorative bitcoins with a green background. Artur Widak | Nurphoto | Getty Images Stripe will allow businesses to pay their users via cryptocurrencies, starting with Twitter, in the latest sign of how large financial firms are warming to digital assets. The $95 billion online payments company said Friday it will start … Read more

Putin’s invasion of Ukraine will knock the Russian economy back by 30 years

Russia’s Prime Minister Vladimir Putin addresses a rally at the Manezhnaya Square just outside the Kremlin in Moscow, late on March 4, 2012. Dmitry Astakhov | AFP | Getty Images WASHINGTON — Vladimir Putin’s unprovoked war on Ukraine and the resulting global response will set Russia’s economy back by at least 30 years — close … Read more

Visa says the use of crypto-linked cards hit $ 2.5 billion in its first quarter

Coinbase launched its own payment card in an effort to promote the use of cryptocurrencies in both payments and investment. Coin base Visa said during its most recent earnings call that customers paid $ 2.5 billion with their crypto-linked cards in its first quarter of 2022 accounting. It was 70% of the company’s cryptocurrency volume … Read more

Apple, Robinhood, Visa, Chevron and more

The logo of an Apple store is seen in Arlington, Virginia, January 27, 2022. Joshua Roberts | Reuters Check out the companies that are making headlines in the dinner trade. Apple – The technology giant’s shares rose more than 5% after a strong quarterly report that showed the largest single quarter in terms of revenue … Read more

Caterpillar, Chevron, Apple and others

Check out the companies that make headlines before the clock: Caterpillar (CAT) – Caterpillar earned an adjusted $ 2.69 per share for the fourth quarter, beating the consensus estimate of $ 2.26, with revenue also above analysts’ forecasts. Heavy equipment manufacturer sales increased by 23% from a year earlier despite supply chain restrictions. However, increased … Read more