Opinion: Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?

Opinion: Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?

Yahoo was once the most popular website on the planet, the only place that everyone on the internet seemed to touch at least once an online session. After an ignominious slide, however, Yahoo is just another site that has some fans in certain parts of Asia and offers some niche products. Has Mark Zuckerberg launched … Read more

Dow rallies 400 points as Powell hints Fed could slow pace of rate hikes, Nasdaq jumps 4%

Dow rallies 400 points as Powell hints Fed could slow pace of rate hikes, Nasdaq jumps 4%

Stocks rallied Wednesday after the Federal Reserve announced its much anticipated 0.75 percentage point rate increase to fight inflation, but hinted that it could slow the pace of its hiking campaign at some point. The Dow Jones Industrial Average jumped 436.05 points, or nearly 1.4%, to 32,197.59. The S&P 500 gained 2.62% to close at … Read more

Boeing Reported Another Big Loss. 737 MAX Concerns Are Hitting the Stock.

Boeing Reported Another Big Loss. 737 MAX Concerns Are Hitting the Stock.

Text size Boeing delivered 121 commercial jets in the second quarter of 2022, up from 95 jets delivered in the first quarter. Justin Tallis/AFP via Getty Images Boeing’s quarterly earnings were messy, again. And on the company’s earnings conference call, more bad news related to the 737 MAX caused the stock to pare all its … Read more

Kraft Heinz’s Earnings Beat Forecasts. Why the Stock Is Falling Anyway.

Kraft Heinz's Earnings Beat Forecasts. Why the Stock Is Falling Anyway.

Text size Kraft Heinz posted second-quarter adjusted earnings that beat Wall Street expectations. Alex Wong/Getty Images Kraft Heinz posted higher earnings than analysts expected and raised its full-year forecast for organic net sales, but the stock slid anyway as profit margins narrowed. Kraft (ticker: KHC) reported adjusted earnings for its second quarter of 70 cents … Read more

Opinion: Google and Microsoft earnings show the bar has been lowered for Big Tech

Opinion: Google and Microsoft earnings show the bar has been lowered for Big Tech

Alphabet Inc. and Microsoft Corp. both reported results that missed Wall Street’s expectations Tuesday, but not only did investors not melt down, both actually saw their stocks rise in after-hours trading. Amid troubling economic signs, tech stocks have been battered so far this year, and fears about a slowdown among Big Tech names had Wall … Read more

What Cramer is watching Monday — Snap cuts, chip stock reset, financials slashed

What Cramer is watching Monday — Snap cuts, chip stock reset, financials slashed

What I’m looking at July 25, 2022 Still downgrading Snap (SNAP), this time Wolfe Research and Morgan Stanley. How could they be so wrong? Is it winner take all, losers take none, versus Club holdings Alphabet ‘s (GOOGL) Google and Facebook parent Meta Platforms (META)? SNAP down 2% in the premarket after 39% plunge Friday. … Read more

Markets face crucial summer week, with Fed, earnings and economic data

Markets face crucial summer week, with Fed, earnings and economic data

A trader works on the floor of the New York Stock Exchange (NYSE), June 27, 2022. Brendan McDermid | Reuters There’s a head-spinning amount of news for markets to navigate in the week ahead, the biggest of which will be the Federal Reserve’s midweek meeting. The two largest U.S. companies — Microsoft and Apple — … Read more