Dow closes nearly 200 points higher on better-than-expected GDP report, Nasdaq tumbles as Meta shares plummet
Investors are eyeing economic data and quarterly earnings, particularly from Big Tech names.
Microsoft exec says gaming is ‘somewhat resilient’ to economic weakness
In the Global Financial Crisis, Microsoft’s Xbox console business had the best calendar year to date, and Xbox content and services got a pandemic bump in 2020.
Companies are making climate pledges they don’t have the capacity to keep, Microsoft President Brad Smith says
Emissions measurement and tracking are still nascent, and there’s a general lack of clarity in the vocabulary used.
Tesla faces U.S. criminal probe over self-driving claims, sources say
Tesla is under criminal investigation in the United States over claims that the company’s electric vehicles can drive themselves, according to Reuters.
Elon Musk carried a sink into Twitter on Wednesday as deal nears close
A judge gave Musk until Friday at 5 p.m. Eastern Time to complete the deal after she postponed the original trial dates.
Powell again is facing political pressure as worries mount over the economy
No stranger to political pressure, the Fed chief this week found himself the focus of concern in a letter from Democratic Sen. Sherrod Brown.
These are the most heavily shorted names on Wall Street, including one electric vehicle maker
FactSet data showed short interest in Nikola increased by 12% to 97.4 million shares. That represents more than 35% of the floating shares.
Apple’s new App Store rules over ‘boosted ads’ provoke Facebook again
Apple recently updated its App Store guidelines with changes that yet again impact Facebook’s ad business.
Mobileye pops more than 37% in market debut after spinning out of Intel
Shares of self-driving car technology company Mobileye climbed in their first day of trading on Wednesday after Intel sold stock to the public.
These companies are cheap, have strong balance sheets, and analysts love them
The current market backdrop could present an opportune moment for long-term investors.
