Tim Cook, Apple’s chief executive, has a longstanding philosophy that Apple should continue to invest for the future amid a downturn. It more than doubled its staff during the Great Recession and nearly tripled its sales. Lately, it has increased bonuses to some hardware engineers by as much as $200,000, […]
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The Nasdaq Composite fell on Tuesday as fears from Snap’s bleak warning spread to other tech names, while the Dow Jones Industrial Average rallied into the close from its lows of the day. The tech-heavy Nasdaq dropped about 2.4% to 11,264.45. The S&P 500 moved 0.8% lower to 3,941.48. Meanwhile, […]
The tech sell-off is not the second dot-com bubble — it’s a “buying opportunity” for the right stocks, according to Wedbush Securities’ Dan Ives. “We view this historic sell-off as more of a generational buying opportunity for the right tech names/ winners in 2023 and 2024 rather than a time […]
Jeff Bezos knew this day was coming. Back in April the Amazon boss warned of an impending market slowdown, tweeting that the epic tech boom experienced during the last two years could not last for ever. “Most people dramatically underestimate the remarkableness of this bull run,” he said. “Such things […]
Text size E-commerce sales have slowed as consumers have returned to shopping in stores. David Paul Morris/Bloomberg Heading into the latest earnings season, there was optimism on Wall Street that the tech giants would save the day. No other companies seemed better positioned to deal with the myriad issues plaguing […]
Stocks sold off Thursday as bond yields soared to new heights and earnings reports from the major U.S. banks rolled in. Technology stocks were hit the hardest. The market moves come after all three indexes had jumped at least 1% Wednesday. Bond prices rose Wednesday, sending their yields lower. Yields have […]