"A Strange Loop" playwright Michael R. Jackson on his emotional autobiography 2022/06/05 13:49:38 Kwhen Finance
Snapchat Stock Isn’t Quite at the Fire Sale Prices You Might Think 2022/06/05 10:45:04 InvestorPlace
SNAP (NYSE: SNAP ) stock caught investors, analysts and the stock markets off-guard when it pre-announced weakness ahead. In its SEC filing , the company warned markets that it expects a shortfall in its second-quarter results. Revenue and EBITDA are drastically lower than the guidance issued just a month ago. SNAP stock plunged after the lowered outlook. SNAP reviewed the macroeconomic environment. It underestimated the economic deterioration faster than previously anticipated. “We remain excited about the long-term opportunity to grow our business. Our community continues to grow, and we continue to see strong engagement across Snapchat,” the company said in a statement. The company tried but failed to spin an optimistic message, but Snapchat did not mention the real reason behind the shortfall: TikTok. SNAP Snapchat $14.49 Pressures From TikTok and SNAP Stock TikTok attracts Snap’s key demographic and has high user engagement on its platform. It is luring the younger, more valuable user base.
Communications stocks dip for week, but Alphabet, Netflix make gains (NASDAQ:GOOGL) 2022/06/04 17:02:49 Seeking Alpha
Communications stocks returned to downward movement for the past week - a week after the sector pulled off a broad rally - as economic uncertainty reigned in the past several…
Mark May 25, 2022, As Nvidia Stock’s Turning Point 2022/06/04 10:00:56 InvestorPlace
At first, markets reacted poorly to Nvidia’s (NASDAQ: NVDA ) stock’s first-quarter report in after-hours trade. On May 25, 2022, NVDA stock lost almost 10%. When markets opened the next day, investors renewed their upbeat view of the graphics card chip supplier. Investors should count on the company’s strong performance in the last quarter despite the macroeconomic headwinds. It outperformed the industry. As stock markets, especially the tech sector, punish the weakest players, NVDA stock will stand out well from here. NVDA Nvidia $195.92 Momentum From Strong First-Quarter Revenue In the first quarter, Nvidia posted revenue growing by 46% year-over-year to $8.29 billion . The board of directors signaled their confidence in the business by increasing and extending its stock buyback program. These are unprofitable firms that enrich executives with stock-based compensation. Nvidia will buy back up to $15 billion in shares through December 2023. 7 Stocks to Buy and Hold Forever in This Bear Market The company expects to post between $8.10 billion and $8.44 billion in revenue in the second quarter.
Stocks Slumber to End Week 2022/06/03 20:23:00 Baystreet Canada
Equities in Canada’s largest centre endured a sharply negative end to a wild week, as lower prices for health-care and tech issues cast a pall over the indexes. The S&P/TSX lost 241.08 points, or 1.2%, to close Friday and the week at 20,790.73. Over the last five session, the index moved forward, however, 42 points, or 0.2%. The Canadian dollar dipped 0.13 cents to 79.42 cents U.S. Tech stocks provided the heaviest weight on the market, with Shopify plunging $59.97, or 12%, to $441.17, while Magnet Forensics stumbled $1.03, or 6.3%, to $15.46. Cannabis concerns proved the main agent of the demise, as Canopy Growth flopped 49 cents, or 8,3%, to $5.43, while rival Tilray faltered 29 cents, or 8.3%, to $5.29. In consumer discretionary stocks, BRP lost $10.79, or 10.7%, to $89.79, while Martinrea International subsided 81 cents, or 7.9%, to $9.45. Consumer staples tried to even things out, with Loblaw jumping $1.98, or 1.7%, to $117.66, while Metro advanced 78 cents, or 1.1%, to $71.59. Energy stocks also muscled up, with Baytex taking on 53 cents, or 7.6%, to $7.63, while Tamarack Valley gained 27 cents, or 5.1%, to $5.62.
How to maximise the AI technology in your phones every time you use Apple, Google and Samsung apps 2022/07/01 22:50:00 Channel NewsAsia
Artificial intelligence powers more apps on your mobile devices than you may realise. Here’s how to take advantage of the technology – or turn it off.
Texas Instruments Stock Is Trading at a Discount 2022/07/01 22:45:00 Barron''s
Also, Wall Street opinions on Robinhood, Apple, FedEx, Regeneron, and Chewy.
Apple Top Insider Trading Lawyer Pleads Guilty To Insider Trading 2022/07/01 22:40:00 Zero Hedge
Apple Top Insider Trading Lawyer Pleads Guilty To Insider Trading Apple''s former senior director of corporate law and security has pleaded guilty to insider trading after being indicted in 2019, in what prosecutors called a five-year scheme to profit off of quarterly earnings announcements. Gene Levoff, who''s been with Apple since 2008 and moved into his position as senior director of corporate law from 2013 - 2018, made the trades in question between 2011 and 2016 while abusing his position as corporate secretary, head of corporate law and co-chair of a committee that reviewed drafts of Apple''s results, according to the indictment. After initially fighting the charges, Levoff admitted to using nonpublic information about Apple''s financials in order to trade company stock, resulting in $604,000 of illegal gains on more than $14 million of trades, according to CNBC . Specifically, when Levoff learned that Apple was about to have a strong quarter, he would purchase large quantities of stock which would then be sold into the subsequent pop.
Apple reportedly cutting first wave of iPhone 14 orders by 10% 2022/07/01 21:25:00 BGR
According to a new DigiTimes report, Apple is cutting its iPhone 14 orders by 10% from 90 million units due to supply chain issues.
TikTok Says Some China-Based Employees Can Access U.S. User Data, Outlines Plan for Better Safeguards 2022/07/01 21:12:28 Mac Rumors
TikTok is working on a plan to better safeguard the data of its U.S. users, the company said in an open letter [ PDF ] to several U.S. Senators that have expressed concern that the China-based app is a national security risk. Shared by The New York Times , the letter outlines a multi-pronged undertaking called "Project Texas," aimed at strengthening data security. TikTok says that 100 percent of U.S. user data is stored in an Oracle cloud environment located in the U.S., and it is working with Oracle on more advanced data security controls that will be finalized "in the near future." TikTok is planning to delete U.S. data from its servers and store information with Oracle exclusively. The company says all data sharing outside of the United States will be pursuant to "protocols and terms approved by the U.S. government." The broad goal for Project Texas is to help build trust with users and key stakeholders by improving our systems and controls, but it is also to make substantive progress toward compliance with a final agreement with the U.S.
Strategies for Feeding Your Family on a Budget During a Recession 2022/07/02 14:47:00 Kwhen Finance
ROSEN, RESPECTED INVESTOR COUNSEL, Encourages Yext, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - YEXT 2022/06/30 23:38:00 Kwhen Finance
Embrey to Expand Single-Family Rental Portfolio with Collection Champions Circle 2022/06/30 21:15:00 Kwhen Finance
Stocks waver Wednesday as Wall Street attempts to regain its footing 2022/06/29 18:33:09 Kwhen Finance
Stock futures slip as Wall Street tries to regain its footing 2022/06/29 10:29:34 Kwhen Finance
NASDAQ, AMZN, AAPL, NVDA, TSLA, GOOGL, BRK.B,SQ,META,MSFT,BAC,JPM. Elliott Wave Stock Market Trading [Video] 2022/07/01 00:48:48 FXStreet
Elliott Wave Technical Analysis Stock Market Trading NASDAQ, AMZN, AAPL, NVDA, TSLA, GOOGL, BRK, SQ, META, MSFT, BAC, JPM. Elliott Wave Technical Anal
Tata Cliq likely to be integrated with Tata Neu 2022/07/01 00:30:00 Economic Times India
Tatas’ online retail platform Tata Cliq is likely to be integrated with Tata Neu super app and made a subsidiary of Tata Digital as the group seeks to consolidate its major ecommerce ventures under this entity, officials close to the development told ET.At present, Tata Cliq is run by Tata UniStore that is jointly owned by Tata Industries and the group’s lifestyle retail venture Trent.Tata Cliq has exited the consumer electronics category, which formed 50-55% of its business, and its consumer electronics, smartphones and appliances division has been integrated with Croma, Tatas’ flagship consumer electronics retail chain, officials said.Croma will be the primary entity enabling sales of electronics on Tata Neu app.“The group is still evaluating how to position Tata Cliq,” said senior executive at one of the group companies said. “For instance, its presence in categories like electronics was a conflict of interest for Tata Neu and Croma and hence it had to exit this category to focus on lifestyle and luxury categories where it has built a niche.”Emails sent to Tata Cliq and Tata Digital remained unanswered till press time Thursday.The holding company of Infiniti Retail, which owns Croma, has been recently changed from Tata Sons to Tata Digital, which is becoming the front face for all ecommerce business of the group.
Chip Makers Stall On Building New Semiconductor Plants As Subsidies Bill Languishes 2022/07/01 00:10:00 Zero Hedge
Chip Makers Stall On Building New Semiconductor Plants As Subsidies Bill Languishes The Biden administration is laser-focused on sending Ukraine billions of dollars in weapons, including the latest round of anti-ship systems, artillery rockets, and rounds of 105 mm ammo for howitzer cannons that it has entirely lost focus on reshoring efforts to boost semiconductor production Stateside. Multiple manufacturers of semiconductor wafers have announced plans for new multi-billion dollar factories across the U.S. but are contingent on Congress allocating funds to aid in building facilities under the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act. Congress passed the CHIPS Act in January 2021 as part of last year''s National Defense Authorization Act, which proposed $52 billion in funding for increasing the domestic capacity of chip production, though the House and Senate have come to a standstill over disagreements on certain parts of the bill that have sparked so much uncertainty among companies set to build new factories.
Big technology stocks like Tesla, Amazon and Microsoft just finished their worst quarter in years 2022/06/30 21:52:36 CNBC
Worries over higher interest rates drove investors into safer and slower-growing pockets of the economy in the second quarter as Tesla stock cratered 37%.
Amazon, Disney, AT&T gave to abortion foes like Florida Gov. Ron DeSantis while vowing to help employees 2022/06/30 21:51:01 Pasadena Star News
Three corporate giants that pledged to pay for employees to travel for reproductive medical care also contributed to the campaigns of anti-abortion governors.
The Sandman, Addams Family Spinoff And Resident Evil Highlight Netflix Geeked Week Day 1: What Investors Should Know 2022/06/07 20:15:02 Benzinga
Streaming giant Netflix Inc (NASDAQ: NFLX ) is highlighting its upcoming offerings with a week of trailers and discussions about its content. Here is a look at the announcements from the first day of Geeked Week, which centered on new and returning series. What Happened: The second annual Geeked Week kicked off Monday with a full week of themed days, starting with new and renewed series. A new Addams Family spinoff series is coming from the mind of Tim Burton . The show called “Wednesday” stars Jenna Ortega as Wednesday Addams. No release date was given for the series, with the trailer saying coming soon. The live-action series will consist of eight episodes. A new horror series called “The Midnight Club” was showed off in a first teaser. The show comes from Mike Flanagan , who previously helmed “The Haunting of Hill House” and “The Haunting of Bly Manor.” The series will be added to Netflix on Oct. 7. Video game series “Resident Evil” gets its latest adaptation with a Netflix live-action series.
No, the Success of Top Gun: Maverick Isn’t Enough to Save AMC Stock 2022/06/07 19:59:41 InvestorPlace
AMC (NYSE: AMC ) stock looks tired. Even the recent blockbuster release of Top Gun: Maverick failed to fuel a rally. The latest Tom Cruise release set box offices records for the best second weekend receipts ever. Yet shares of AMC continue to be far less than a box-office hit for investors. Maybe investors and analysts are finally focusing on the future and the fundamentals. The short squeezes and shenanigans that propelled AMC stock to previous ridiculous heights has all but ended. Eventually profits and valuations do matter. This is especially true for AMC as the business model of theater chains remains severely challenged by the onslaught of streaming. Having the likes of Apple (NASDAQ: AAPL ), Amazon (NASDAQ: AMZN ) and Netflix (NASDAQ: NFLX ) as competitors certainly should put fear in investors hearts. AMC continues to bleed cash. The last four quarters show a cumulative loss of $1.78 per share. Even on a forward basis, the outlook is bleak. FY 2023 consensus estimates are for a loss of 36 cents per share.
Formula 1 Streaming License Could Be Major Catalyst For Netflix - Read Why 2022/06/07 18:46:47 Benzinga
Netflix, Inc (NASDAQ: NFLX ), Walt Disney Company (NYSE: DIS ) ESPN, and Comcast Corp''s (NASDAQ: CMCSA ) NBCUniversal bid for a new streaming license for Formula 1, likely to begin in 2023, the TechCrunch reports . Amazon.com Inc (NASDAQ: AMZN ) Amazon Prime was also a part of the bid, the Insider reports . ESPN … Full story available on Benzinga.com
Netflix’s Profit Could Plunge By 25% In 2023 2022/06/07 14:14:14 ValueWalk
On Wednesday, April 22, 2020, Netflix Inc (NASDAQ:NFLX) announced it had doubled its profit during the first quarter thanks to the addition of 16 million users amid COVID-19. Now, the outlook for the streaming giant is dire: Netflix could see a profit cut of about 25% next year. Going Down In April —exactly two years […]
Netflix joins ESPN, Comcast, Amazon in hunt for Formula 1 rights - report 2022/06/07 14:04:05 Seeking Alpha
Netflix (NFLX) is among suitors who have been in pursuit of Formula 1 broadcast rights, Insider reports, in what would mark the streaming pioneer''s first move into live sports…
Crypto crash: Why have Bitcoin, ethereum, other cryptocurrency dropped? 2022/05/09 18:54:53 Deseret
An advertisement of Bitcoin, one of the cryptocurrencies, is displayed on a building in Hong Kong, on Nov. 18, 2021. U.S. tech stocks just had their worst month in over a decade, and the volatile cryptocurrency market has been tracking that downward trend with popular digital currencies like bitcoin and ethereum plunging by some 50% from 2021 peak valuations. Kin Cheung, Associated Press U.S. tech stocks just had their worst month in over a decade, and the volatile cryptocurrency market has been tracking that downward trend with popular digital currencies like bitcoin and ethereum plunging by some 50% from 2021 peak valuations. What’s happening: Bitcoin continued its steep fall into Monday after a rough weekend, according to Fortune . This marks the fifth consecutive down day for bitcoin, sending its market price to less than half of what it was at its all-time high of $69,000 in November. Ethereum, the second-largest crypto, was also trending down and valued at about half its peak from last November when it was trading at over $4,800 per token.
Stock Market Losses Pile Up As Nasdaq Plunges 3.5%; Now This Sector Crumbles 2022/05/09 17:27:09 Investor''s Business Daily
Microsoft and Nvidia fell to the lowest since last June as techs again sold off.
Microsoft is expanding its cybersecurity offerings 2022/05/09 17:20:45 Yahoo Finance
Microsoft is rolling out a slew of new cybersecurity services, further cementing its role as a major industry player.
Biting Back: Will FAANG Favorites Recapture their Form on Wall Street in Q3 2022? 2022/05/09 16:09:16 Benzinga
Despite having an extraordinary track record on Wall Street, 2022 has been a testing year for FAANG stocks. Having taken a battering from tech stock sell-offs in the wake of record-breaking inflation and supply chain issues arising from the Covid-19 pandemic, leading growth stocks have struggled to recapture the form that pushed many companies to new all-time high prices last year. With firms like Netflix, which had a considerable presence in Russia before ceasing operation in the wake of the invasion of Ukraine, geopolitical tensions have also hit traditionally steady stocks hard. FAANG stocks, consisting of Meta Platforms Inc (NASDAQ: FB ), Apple Inc (NASDAQ: AAPL ), Amazon.com Inc (NASDAQ: AMZN ), Netflix Inc (NASDAQ: NFLX ), and Alphabet Inc (NASDAQ: GOOGL ), have all experienced hardships that haven’t been seen since the depths of the initial Covid-19 crash in March 2020. Together with Microsoft (NASDAQ: MSFT ), FAANG stocks have lost $1.404 trillion in market capitalization in April alone - a value that’s larger than Australia’s GDP, for scale. (Image: The Verge ) As we can see from the chart above, no FAANG stock is performing well in 2022, and the likes of Netflix and Meta have fallen significantly over the opening five months of the year.
Xbox Streaming Stick Will Reportedly Launch in the Next 12 Months 2022/05/09 16:00:00 Gizmodo
Microsoft could soon remove the biggest barrier standing between gamers and its popular Xbox Cloud Gaming service. The company will reportedly release a streaming stick—described by VentureBeat as possibly resembling an Amazon Fire Stick or Roku-like Puck—that would remove the need to buy a console, a barrier to entry… Read more…
Nvidia, Marvell, AMD and Broadcom may benefit from strong cloud results 2022/05/01 14:00:00 Seeking Alpha
Microsoft (MSFT) and Alphabet (GOOG) (GOOGL) both told investors that their cloud businesses continued to see strength in their most recent quarters and with that trend expected…
Benzinga Bulls And Bears Of The Week: Apple, General Electric, Netflix, Nvidia And This Plunging Cathie Wood Favorite 2022/04/30 18:24:02 Benzinga
Benzinga has examined the prospects for many investor favorite stocks over the past week, while offering a 24/7 news feed, live chat and charting software on Benzinga Pro . Investors continue to show concerns about the Fed''s tightening monetary policy, the COVID lockdowns in China and the economic fallout of the war in Ukraine. It was a rough week and a historically bad month for the markets, as the Nasdaq Composite fell 4.2% Friday, ending the month with a loss of more than 13%. The worst monthly performance for the index since October 2008. So far this year, it''s down 21%, marking the worst recorded start to a year. The S&P 500 meanwhile, fell for the fourth consecutive week, dropping 8.8% in April, and down 13% so far in 2022. It''s the worst four-month performance to start the year for the broad market index since 1939. The Dow Jones Industrial Average was down 4.9% in April, and now sits over 9% lower since the year began. For the S&P500 and the Dow, April saw the biggest monthly drop since the pandemic-fueled selloff in March 2020.
Introducing VAVA''s ALPD4.0 Triple Laser Projector Chroma, Bringing the Ultimate Home Theater Experience 2022/04/30 17:58:00 Kwhen Finance
NVIDIA rips Intel Alder Lake Architect out from under the company''s eye to assist with future Arm technology 2022/04/30 15:04:32 WCCF Tech
NVIDIA poaches Intel Alder Lake architect Rafi Marom from Team Blue to help spearhead new Arm-based technologies with their designs.
Closing levels: Stocks puke into the close. Nasdaq falls to the lowest in a year 2022/04/29 20:15:49 Forexlive
The old adage is that stocks don''t bottom on Fridays. Of course, it''s also the final trading day of the month so that could have led to some special selling flows that could reverse on Monday as we begin May. On the day: S&P 500 -3.6% worst single day since June 2020. Lowest close since May 2021 Nasdaq -4.3% DJIA 2.8% Russell 2000 -2.9%Toronto TSX Comp -1.7% Amazon was down 14% in its worst day since 2006. On the week: S&P 500 -3.3% Nasdaq -3.9% DJIA -2.5% Russell 2000 -4.0% On the month: S&P 500 -8.8% -- worst monthly drop since March 2020 Nasdaq -13.3% -- largest monthly decline since 2008 DJIA -4.9% -- worst monthly drop since March 2020 On the year, the Nasdaq is now down 21.2%. With that as a monthly close, it''s a bear market in tech stocks. Drawdowns in big-cap tech: AAPL 13.2% MSFT 18.7% GOOGL 23.6% TSLA 29.0% AMZN 34.1% NVDA 44.2% FB 47.4% NFLX 72.3%