Pedestrians pass by the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images What started off as a third-quarter rebound has turned into a flop for tech investors. The Nasdaq tumbled 5.1% this week after losing 5.5% the prior week. That marks the worst two-week stretch for the tech-heavy index since it plunged … Read more
Amazon on Tuesday announced a new entry-level $99 Kindle e-reader with several improvements over the prior model. The biggest change is the display, which is a lot sharper than the earlier $89 Kindle. That means text will look clearer when you’re reading, instead of slightly blurry. The sharpness is now on a par with Amazon’s … Read more
Chinese e-commerce giant Pinduoduo has been behind its rivals Alibaba and JD.com when it comes to international expansion. Now Pinduoduo has launched a US e-commerce site called Temu. Rafael Henrique | Sopa Pictures | light rocket | Getty Images Pinduoduo launched its US online shopping site as the Chinese e-commerce giant makes its first major … Read more
The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, Sept. 28, 2018. Chris Wattie | Reuters Shopify is pushing back on Amazon’s one-click checkout service. The e-commerce platform is warning merchants who try to install Amazon’s Buy With Prime button on their storefront that it violates Shopify’s terms of service, and … Read more
A group of the most popular stocks owned by the world’s largest hedge funds are starting to underperform the broader market once again. According to a team of analysts at RBC Capital Markets, this is a sign that US stocks could be headed for another blowup. For several years now, a team of equity analysts … Read more
Check out the companies making headlines before the bell: Dollar Tree (DLTR) – The discount retailer’s stock slide 6.6% in the premarket after cutting its full-year earnings forecast, due to the impact of pricing-related investments at its Family Dollar stores. Dollar Tree reported better than expected profit for its latest quarter, with revenue in line … Read more
Tilray Inc. is not expected to turn a profit in its fiscal fourth quarter when it delivers its latest results on Thursday, but analysts have at least held steady on their projected loss for the cannabis company. Wall Street analysts that follow Tilray TLRY, -3.55% TLRY, -4.13% expect the company to lose 8 cents a … Read more
In this photo illustration the logo of Canadian e-commerce company Shopify Inc. is displayed on a smartphone. Thomas Trutschel | Getty Images Shopify on Wednesday reported weaker-than-expected results for the second quarter, and warned that inflation and rising interest rates would weigh on the business in the second half of the year. Here’s how the … Read more
With stock markets yet to emerge from the doldrums of a brutal first half sell-off, investors are increasingly seeking strategies to preserve and grow their capital. Asset manager Jack Ablin tells CNBC how he’s trading the market volatility, highlighting some of his top stocks along the way. Investors should be putting their money in companies … Read more
Finding the right businesses to invest in can be a daunting task, but veteran investor Mohnish Pabrai tells CNBC how he identifies long-term winners in the stock market. Pabrai, managing partner of Pabrai Investment Funds, is widely known for closely following Warren Buffett’s principles on value investing and capital allocation. Value investing has come into … Read more
