big tech

Tech earnings news flow will hit Wall Street in earnest in two weeks and an analyst at Wedbush painted a positive picture concerning the prospects for the sector. Guidance The Key: As the focus shifts to fourth-quarter earnings, the wildcard would be the 2023 guidance and overall demand...

Apple, Inc. (NASDAQ: AAPL) shares came under renewed selling pressure on Tuesday on demand worries. The Apple Analyst: Wedbush analyst Daniel Ives maintained an Outperform rating and reduced the price target from $200 to $175. The Apple Thesis: Supply chain checks from Asia are mixed concerning...

Major Wall Street indices closed over 1% higher on Thursday after the much-awaited year-end rally materialized in the form of dip-buying. The Nasdaq Composite closed 2.59% higher while the S&P 500 rose 1.75%. The Dow gained 1.05%. Here are the five stocks that are drawing investors’...

U.S. markets opened lower on Tuesday in a truncated week after rising bond yields dragged major growth stocks and indices. The yield on the 10-year benchmark Treasury notes rose over 10 basis points to 3.858% as investors and traders began considering the possibility of a recession in 2023 and...

Apple Inc (NASDAQ: AAPL) CEO Tim Cook is “all but assured” to lead the iPhone maker until 2025, but long-time expert Mark Gurman said he is likely to make his exit soon after a key product category is introduced. What Happened: Gurman explored Apple’s succession plans in a...

The U.S. index futures are pointing to a lower start for Wall Street stocks on Monday, as the upward momentum built over the last week falters amid geopolitical tensions. U.S. stocks advanced in the holiday-shortened week that ended Nov. 25 as traders returned to buying ways encouraged by the less-...

Tech stocks have led the current market downturn and most of these, including big techs, have seen billions wiped away from their market capitalization. What Happened: CNBC’s “Mad Money” host Jim Cramer on Tuesday recommended a bunch of beaten-down tech stocks that could make a...

The State Board of Administration of Florida Retirement System has loaded up on shares of streaming giant Netflix Inc. (NASDAQ: NFLX) and cloud computing firm Snowflake Inc. (NYSE: SNOW) in the third quarter, according to SEC filings. What Happened: The retirement fund has bought...

Big techs such as Amazon Inc. (NASDAQ: AMZN), Meta Platforms Inc. (NASDAQ: META) and Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) came under intense selling pressure amid the current market downturn. Notwithstanding the oversold levels of these stocks, it may not be time yet to bottom fish these...

Apple, Inc. (NASDAQ: AAPL) announced on Sunday that the supply of its iPhone 14 Pro, Pro Max would be impacted by the COVID-19 curbs in Zhengzhou, China, where the assembly plant of its supply-chain partner Hon Hai Precision Manufacturing Company Limited (OTC: HNHPF) is located. What Happened: The...

Big tech’s foray into self-driving technology and, as an extension, into the automotive industry hasn’t gone down well with lawmakers. What Happened: Big tech’s expansion into the automotive industry poses serious concerns about emerging competition and consumer protection issues...

Apple Inc. (NASDAQ: AAPL) was a standout performer in the September quarter even as several of its tech peers struggled, and it is considered as a recession-proof name. What Happened: Apple’s fundamental performance has helped its stock perform relatively better than other big techs. Apple...

Meta Platforms Inc.'s (NASDAQ: META) instant messaging app WhatsApp has banned more than two million accounts in India.  What Happened: In accordance with the new IT rules, WhatsApp banned 2.685 million accounts in September in India. On Tuesday, the company announced around 8.72 million...

Spotify Technology S.A. (NYSE: SPOT) founder and CEO Daniel Ek slammed Apple Inc. (NASDAQ: AAPL) on Tuesday for allegedly continuing to "disadvantage competitors." What Happened: Ek quote-tweeted a New York Times report that delved into Apple’s rejection of the...

Meta Platforms Inc. (NASDAQ: META) has slammed Apple Inc. (NASDAQ: AAPL) for seeking to take a significant portion of social-media advertising revenue, as part of its new App Store guidelines. What Happened: Following Apple's updated App Store Review Guidelines, Meta has called out the...