Confirmation that the Feds have opened an antitrust probe into Amazon AMZN, +0.45% Google parent Alphabet GOOGL, +0.78% Apple AAPL, +0.78% and Facebook FB, +0.02% is knocking those popular names, and setting Wall Street up for a bumpy ride Wednesday. Note Facebook results are due after the close, with Amazon reporting Thursday.It’s been a big year for growth stocks — newer companies that offer the chance for big gains, but with elevated risk — with many big tech names falling into that category.
Value stocks have indeed been underperforming, amid growth-stock fever. “The swing of that is that if [value stock] prices are down or lagging, that means their yields are going to be elevated. The market Nasdaq NQU19, -0.34% futures are leading the way lower, with those for the Dow YMU19, -0.34% and S&P 500 ESU19, -0.21% also under pressure.
European stocks SXXP, -0.06% are sagging after weak data and heavy losses for Deutsche Bank’s DB, +1.92% which reported a $3.5 billion loss. Asia markets ADOW, +0.23% were mixed. The Markit manufacturing and services purchasing managers indexes will be released after the open, followed by new home sales.
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Snap Stock Skyrockets As Company Adds 13 Daily Active Million Users in Q2Share prices for Snapchat’s corporate parent Snap Inc. shot up 8.5% in after-hours trading Tuesday on news that Snapchat added 13 million daily active users in Q2 of 2019. The service ended t… there are that many porn stars in the world? Syntax?
مصدر: Variety - 🏆 108. / 63 اقرأ أكثر »
Spotify Chief Economist Will Page To Leave CompanySpotify’s chief economist Will Page is to step down later this year, the streaming service has confirmed. Wow Capitalize that man's name. Who the hell edited this?
مصدر: billboard - 🏆 112. / 63 اقرأ أكثر »
AG Barr says tech companies need to make encrypted messages accessible to law enforcementThe attorney general warned that time is running out for tech companies to help law enforcement access encrypted messages during investigations. Yeah Idk about that one, General. Law has nothing to do with wrong or right it's all about controlling the people and the market. The law is made up of criminals who abuse their power using fear mongering and scare tactics. The enemy of all Americans. Deal, if you make classified information available to the public 🤔
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »
This one number in Tesla's earnings report Wednesday will make or break the stock, Citi saysCitigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics. In a worst case scenario, I have Tesla at reporting a -$80 million loss, but in a best case, a $289 million gain:
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »