Of all the industry groups that make up the stock market, retail is the most hated based on the amount of money hedge funds and other investors are betting against the stocks. Bespoke Investment Group highlighted “the most hated stocks in the world” in a report published this week analyzing the names being sold short […]
Read moreJapanese tech giant SoftBank has been plowing billions of dollars into tech companies, both public and privately held, in the last year — so much so that one investor has questioned whether SoftBank is fueling a new valuation bubble in tech. Some of these investments are coming from the gigantic SoftBank Vision Fund, which includes […]
Read moreJuly’s jobs report and Apple earnings are the big events for a stock market that suddenly has become a shade less confident. A crack showed up in the tech rally this past week, when the Nasdaq staged a nasty reversal Thursday after breaking to new highs. Technicians say it could be a warning sign for […]
Read moreTwitter has a new business idea: It wants to charge advertisers a monthly fee for the company to handle all of their promoted tweets. That means a business would pay Twitter $99 per month to pick and choose which of its tweets to promote. “This program will do the heavy lifting,” Twitter wrote on its […]
Read moreDespite a flood of analyst upgrades on Wall Street, Snap shares fell 5 percent this week. And two upcoming events could send the stock to fresh lows. The social media company has already tanked 44 percent since its March 2 IPO, and with the stock’s lockup period expiring over the weekend and Q2 earnings to […]
Read moreSome see a huge miss when they look at Amazon‘s latest earnings report, but retailers see exactly why they’re struggling to compete. The internet giant is growing sales, but Amazon isn’t worried about the bottom line as it continues to invest heavily in its many businesses. The investments are hurting profits, but they’re also setting […]
Read moreA key government incentive benefiting Tesla buyers is dwindling, according to Edmunds. The online automotive research site estimates Tesla has only about 79,000 federal tax credits left, and says this could be a concern for new buyers, especially those interested in the company’s lower priced Model 3. The U.S. government offers a tax credit for […]
Read moreOn Thursday, Amazon revealed that growth of its public cloud business had slowed to the lowest point in at least three years in the second quarter: Amazon Web Services revenue, at $4.1 billion, was up 42 percent year over year. Competitors might have taken a moment to cheer immediately after the Amazon earnings release. But […]
Read moreIntel reported better-than-expected second-quarter earnings Thursday, but one analyst on Wall Street is not convinced it is a sign of better things to come. Jefferies reiterated its underperform rating for Intel, saying new products from its competitors will take market share away from the company. “Intel beat and raised on better top line and operational […]
Read moreA driver in the United Kingdom has destroyed his Ferrari supercar in an accident after owning it for just one hour. Police in South Yorkshire said the driver was able to walk away with just cuts and bruises after the Ferrari 430 “went airborne and burst into flames” in South Yorkshire on Thursday. It’s unclear […]
Read more