• Tech stock rout or temporary blip? Top CEOs weigh in on what’s next for markets0

    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

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  • EBay enters NFT business, with assist from hockey icon Wayne Gretzky0

    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

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  • Apple, Nvidia, Ralph Lauren, Amazon0

    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

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  • Meet the veteran growth investor who picks stocks like Warren Buffett0

    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 heading0

    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: Citi0

    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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