Nearly $50 billion.In just over four years, Meta (META)’s Reality Labs division — focused mainly on its products in augmented reality (AR), virtual reality (VR), and the metaverse — has lost as much money as the market caps of Snap...
Shares of Serve Robotics (NASDAQ: SERV), an autonomous sidewalk delivery company, soared 187% on Friday after artificial intelligence (AI) chip leader Nvidia disclosed via a filing with the Securities and Exchange Commission (SEC) that it owns a 10% stake in the...
US stock futures wobbled on Tuesday as investors weighed early reports on a marquee earnings day, with Big Tech results later in focus as potential fuel to sustain this year's rally.Futures on the S&P 500 (ES=F) and the tech-heavy Nasdaq...
UPS boosted its volume in the U.S. for the first time since 2022 during its second quarter, but profit and revenue fell short of Wall Street expectations, partly due to a hefty charge.Shares dropped 7% before the market opened on...
Spotify Technology (SPOT) reported fiscal second quarter earnings on Tuesday that beat expectations as revenue came in line with estimates. The audio giant once again posted a profit on an adjusted basis as the company's recent "efficiency" strategy takes hold.In...
You might be surprised to learn that Nvidia isn't the most widely owned megacap tech stock owned by the most prominent hedge fund billionaires. According to our research, that title belongs to Google parent company Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG). The stock...
Three decades ago, the advent of the internet changed the growth trajectory of corporate America forever. Since then, investors have been waiting for the next game-changing innovation, technology, or trend to rival what the internet did for businesses. After decades...
(Bloomberg) -- Stocks traded mixed as focus turned from US politics to a heavy week for company earnings with tech giants Tesla Inc. and Alphabet Inc. due to report later Tuesday.Most Read from BloombergEurope’s Stoxx 600 Index was little changed,...
US Dollar vs Japanese Yen Technical AnalysisThe US dollar did pull back just a bit against the Japanese yen in the early hours during the trading session on Monday but has turned around to show signs of life. All things...
A look at the day ahead in European and global markets from Tom WestbrookMarkets mostly took Joe Biden's withdrawal from the U.S. presidential race in their stride, flicking the switch from politics back to focus on earnings and interest rates.In...
