"The Fed is late. It should have started tapering already," El-Erian told CNBC on Monday. "They are going to be very dovish for very long."
Concerns over Chinese regulation on tech stocks also dented market sentiment, as did higher than expected EU inflation data.
US stocks fell on Monday after hitting records last week. The 10-year Treasury yield climbed throughout the day, while the Nasdaq lost nearly 1%.
Paccar and autonomous driving startup Aurora have entered into a strategic partnership to develop self-driving trucks. Paccar’s revenue fell significantly in 2020, although the stock managed to gain over 9% on the year. The competition in the trucking industry is heating up with new entrants and industry veterans making waves. […]
Netflix is set to report fourth-quarter earnings after the market closes on Tuesday. Analysts view growing competition and recent price hikes as key hurdles for the streaming giant. Detailed below is what four analysts expect when the company reports earnings and how they expect the stock to move. Watch Netflix […]
Nvidia stock trimmed gains Friday after a strong showing on the back of Citigroup’s positive note on Thursday. Analyst Atif Malik’s EPS estimates are 2%-5% ahead of street estimates, which implies Nvidia could post a $US2.94 EPS figure when the company reports earnings on February 11. Nvidia now boasts 30 […]
Apple climbed as much as 3% on Tuesday following a Reuters report on Monday afternoon that the tech giant aims to produce electric cars by 2024. The company will aim to compete in the electric vehicle market with battery innovations that improve vehicle safety, packaging, and range, according to the […]
Snap rallied as much as 7% on Monday after unveiling Spotlight, a new Snapchat feature set to compete with TikTok and Instagram Reels. The jump placed shares above the previous record-high set on November 6. The service will allow users to submit snaps to be featured in a reel of […]
SoftBank’s new trading arm, SB Northstar, posted $US3.7 billion in losses as bearish derivatives bets on tech stocks floundered, the Financial Times reported Wednesday. The arm was mostly kept secret until the FT revealed it was making multibillion-dollar bets on tech giants through the summer’s market rally. SoftBank CEO Masayoshi […]
Hello, and welcome to this Wednesday’s edition of the Insider Tech newsletter, where we break down the biggest news in tech. Did someone forward this newsletter to you? Get Insider Tech straight in your inbox by subscribing here. This week: Good news turns tech upside down as Jeff Bezos looks […]
Tech stocks are thriving on expectations for a divided government in 2021. Wedbush analyst Dan Ives thinks the sector can rally another 10% to 15% by 2021. A Biden presidency and Republican-controlled Senate is the “Goldilocks election outcome” for tech names, Ives said. A divided government would likely block Democrats’ […]
Tech giants led major indexes lower during September’s sell-off but the sector is poised to rebound in the coming months, Seema Shah, chief strategist at Principal Global Investors, said Wednesday. Uncertainty around the pandemic’s trajectory could extend work-from-home trends and accelerate digital trends, she wrote in a blog post. The […]
IBM surged on Thursday after it announced plans to spin off its legacy managed infrastructure business so it can solely focus on building up its cloud division. The spinoff is expected to be tax-free for IBM shareholders and will be completed by the end of 2021, the company said. “IBM […]
Credit Suisse trimmed its overweight rating for tech stocks on Thursday, recommending investors be more selective with their sector picks. Crowding in tech giants and the stocks’ high-flying valuations sparked some calls of a dot-com-era bubble forming in the market. “Excess in tech is high, but in most cases not […]
Apple just became the first US-listed company to reach a $US2 trillion market capitalisation. Shares of the technology giant rose 1.2% to an all-time high of $US467.84 per share on Wednesday to reach the milestone. Oil giant Saudi Aramco is the only other publicly listed company to ever hit a […]
Business Insider assembled a panel of hundreds of young investors who volunteered to share their views about the markets. This is a self-selected group of people under the age of 35 who have a brokerage account. Just 4% of participating millennial investors picked Netflix as the single FAANG stock they’d […]
US stocks fell on Tuesday as investors weighed a string of disappointing corporate earnings results. Shares of AIG,Bayer, and Diageo slipped in Europe after disappointing earnings. Investors are anxiously awaiting new details on a coronavirus relief bill as Congress debates stimulus details. Read more on Business Insider. US stocks fell […]