U.S. stock futures were lower this morning, likely extending Monday’s sharp losses at the open. The Dow and S&P 500 are at their lowest points of November, and the Nasdaq’s Monday close was its lowest in nearly seven months. (CNBC) * Cramer: The sell-off can’t end until these 10 problems are fixed (CNBC) * Once popular tech stocks like Facebook ... Read More »
U.S. stock futures were lower this morning, likely extending Monday’s sharp losses at the open. The Dow and S&P 500 are at their lowest points of November, and the Nasdaq’s Monday close was its lowest in nearly seven months. (CNBC) * Cramer: The sell-off can’t end until these 10 problems are fixed (CNBC) * Once popular tech stocks like Facebook ... Read More »
Apple’s results confirmed that, while the days of double-digit smartphone industry growth are over, Chief Executive Officer Tim Cook has a plan to withstand the slowdown. The shares gained after the company reported iPhone sales in line with analysts’ expectations, gave a bullish revenue forecast and highlighted a surging services business. A new $100 billion (roughly Rs. 6.68 lakh crores) stock repurchase plan and ... Read More »
As 2017 dawned, two tech companies were worth $500 billion on their own. That number has since tripled, forming a group of half a dozen tech companies worth at least half a trillion dollars that dominate the markets as their products weave their way into every facet of consumers’ lives. All six companies — Alibaba Group Holding Ltd. BABA, +0.20% , Alphabet Inc.GOOGL, +0.41% GOOG, +0.54% , ... Read More »
One of the stories somewhat lost in the headlines earlier this month, is that of an impressive comeback. After almost two years of lagging performance, Samsung operating profits rose 80 percent during the last quarter over the same time last year. Reuters reports much of the cause of declining profits was due to losing part of the smartphone market share to Apple. While ... Read More »
Facebook Hits 1.86 Billion Monthly Active Users as Earnings Surge HIGHLIGHTS Facebook said it made a net profit of $3.7 billion Daily active users went up to 1.23 billion India was a hot market in the fourth quarter Facebook shares bounced Wednesday with word that profit more than doubled in the final quarter of last year, coming back down after ... Read More »
One of the stories somewhat lost in the headlines earlier this month, is that of an impressive comeback. After almost two years of lagging performance, Samsung operating profits rose 80 percent during the last quarter over the same time last year. Reuters reports much of the cause of declining profits was due to losing part of the smartphone market share to Apple. While ... Read More »
One of the stories somewhat lost in the headlines earlier this month, is that of an impressive comeback. After almost two years of lagging performance, Samsung operating profits rose 80 percent during the last quarter over the same time last year. Reuters reports much of the cause of declining profits was due to losing part of the smartphone market share to Apple. While ... Read More »
London: European shares advanced on Wednesday, with the technology sector leading the market higher after SAP and ASML Holding reported forecast-beating quarterly results. Shares in SAP, Europe’s largest software company, rose 4.7 per cent as unexpectedly strong growth in high-margin packaged software licenses fuelled its quarterly earnings. Its second-quarter operating profit rose 9 per cent. ASML Holding, a key supplier ... Read More »
Apple has beaten analyst expectations again. But that victory is not without some bitterness. And Apple’s troubles may be indicative of a much broader trend. Apple Earnings Report Q3 2016 In its 2016 third quarter results, the company reported earnings of $1.42 per share on revenues of $42.4 billion, above the $1.38 per share on sales of $42.09 billion estimated ... Read More »
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