Tech stock rout or temporary blip? Top CEOs weigh in on what’s next for markets

Tech stock rout or temporary blip? Top CEOs weigh in on what’s next for markets 0

May 24, 2022

Monitors display stock market information at the Nasdaq MarketSite in New York, on Friday, Jan. 21, 2022. Michael Nagle | Bloomberg | Getty Images Top CEOs and investors have struck an optimistic tone on the recent sell-off global technology stocks, telling CNBC it’s unlikely to metastasize into a broader market crisis. The tech-heavy Nasdaq 100

EBay enters NFT business, with assist from hockey icon Wayne Gretzky 0

Business

May 23, 2022

The headquarters of eBay in San Jose, California. Getty Images EBay is getting into NFTs — with an assist from hockey legend Wayne Gretzky. The company announced Monday that it’s launching 13 limited-edition digital collectibles in partnership with Web3 platform OneOf, each of which contains a 3-D animated rendering of Gretzky making one of his

Apple, Nvidia, Ralph Lauren, Amazon 0

Business

May 23, 2022

Here are Monday’s biggest calls on Wall Street: UBS reiterates Apple as buy UBS said that its survey checks show a “modest downtick” in iPhone demand. “Key takeaways from the survey pertaining to Apple are: 1) China iPhone purchase intent was up ~600 bps YoY, reaching its highest level in six years suggesting the iPhone

Meet the veteran growth investor who picks stocks like Warren Buffett 0
- Business
- May 22, 2022
Michael Li, a veteran portfolio manager at American Century Investments, is drawing comparisons with Warren Buffett even though his bread and butter is growth investing. The Kansas City, Mo.-based manager has been picking stocks for the firm since the early 2000s, focusing on high-quality growth companies. The biggest mutual fund he oversees — American Century
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Where the billions spent on driverless cars by US and China is heading 0
- Business
- May 21, 2022
An Apollo Robotaxi runs at Shougang Park as Baidu launches China’s first driverless taxi service in the city on May 2, 2021 in Beijing, China. He Luqi | Qianlong.com | Visual China Group | Getty Images For years, Alphabet‘s Waymo and others leaders have promised autonomous vehicles are just around the bend. But that future
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Space industry is on its way to $1 trillion in revenue by 2040: Citi 0
- Business
- May 21, 2022
A Falcon 9 rocket carries 49 Starlink satellites toward orbit on Feb. 3, 2022. SpaceX The space industry should reach $1 trillion in annual revenue by 2040, with launch costs dropping 95%, Citigroup analysts said in an extensive report published this month. A further decline in the cost of accessing space would create more opportunities
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