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Two technicians inspect bitcoin mining at Bitfarms in Saint Hyacinthe, Quebec. (Photo by Lars … [+]….AFP via Getty Images From the outside looking in, it seems like a hard life earning …
Despite a brutal selloff so far this year in the tech sector, Wall Street analysts remain cautiously optimistic about Big Tech stocks ahead of upcoming second-quarter earnings this week, with the m…
A handful of Wall Street’s biggest firms are slashing their S&P 500 forecasts for the year, predicting lower stock market returns thanks to a difficult quarterly earnings season ahead as compan…
It was a tale of two tech companies and their quarterly results after the bell on Tuesday. Microsoft reported the tech equivalent of a hat trick. For the quarter, Microsoft reported profit and reve…
Major oil and gas companies, which scrambled to abandon operations in Russia following the invasion of Ukraine in late February, are now warning that doing so will result in billions of dollars of …
What exactly is ‘transitory inflation’? Inflation is the progressive increase in prices for goods and services over time. Further if something is transitory, it could mean it isn’t permanent or that it lasts a short period of time. To give context, since 1926, the historical average inflation rate is 2.6%. Today it is trending closer to 5.4%.
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Last week was a bit of a flashback to 2022 with bond yields weighing on stocks…getty Despite the overall earnings picture improving, the S&P 500 fell by 1.1% for the week. There was littl…
Social media giant Twitter posted a worse-than-expected loss Friday morning in its first earnings report since billionaire Elon Musk backed out on a deal to buy the company, fueled in part by the…
Alibaba Group Holding’s better-than-expected results may offer only a temporary boost to Chinese technology stocks, as fallout from pandemic lockdowns depresses consumer spending and causes analyst…
Global stocks showed overall stability Tuesday as China pledged to boost monetary support for its COVID-19 stricken economy, although US index futures dipped ahead of the start of this week’s…
The vast majority of Americans expect inflation to continue for at least six months. Meanwhile, Americans on both sides of the aisle say rising prices are hurting their families.
Nearly 8 in 10 Americans expect inflation to increase over the next six months, according to a Gallup poll released Wednesday, suggesting that an issue predominantly emphasized by Republicans that has loomed large over the Biden administration is perhaps crossing party lines.
Shares of tech giant Alibaba continued to fall on Friday, adding to the stock’s massive selloff after the company said earlier this week that it expects weaker revenue growth amid China’s slowing economy and Beijing’s ongoing regulatory crackdown.
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