Activision Stock Falls on Report FTC Might Block Microsoft Deal

Activision Stock Falls on Report FTC Might Block Microsoft Deal

Text size Activision is best known for games including Call of Duty and Candy Crush. Dreamstime Activision Blizzard stock dropped Friday after a Politico report suggested that the Federal Trade Commission will file an antitrust lawsuit to prevent Microsoft ‘s takeover of the videogame maker. An article by Politico, citing three unnamed sources, said the … Read more

Berkshire Hathaway discloses stakes in TSMC, Jefferies, Louisiana-Pacific, sending those stocks higher

Berkshire Hathaway discloses stakes in TSMC, Jefferies, Louisiana-Pacific, sending those stocks higher

Berkshire Hathaway Inc. added positions in materials manufacturer Louisiana-Pacific Corp., investment bank Jefferies Financial Group and chip manufacturer Taiwan Semiconductor Manufacturing Co. Ltd. during the third quarter, according to a filing released after Monday’s closing bell. The company’s latest 13-F filing revealed a new position in Louisiana-Pacific LPX, -1.80% amounting to nearly 5.8 million shares, … Read more

Alibaba, JD.com, Nio extend rally in Chinese stocks amid continued hope for relaxing COVID rules

Alibaba, JD.com, Nio extend rally in Chinese stocks amid continued hope for relaxing COVID rules

US-listed shares of Chinese internet companies including Alibaba Group Holding Ltd. and Nio Inc. were rallying sharply in premarket trading Friday as hopeful sentiment continued to build over the possibility that the country was planning to relax its strict COVID-19 policies. The Wall Street Journal reported Friday that Zeng Guang, who was formerly the chief … Read more

Apple introduces new iPad and iPad Pro with speed enhancements

Apple introduces new iPad and iPad Pro with speed enhancements

Apple Inc. quietly announced upgrades to two of its iPad models Tuesday, through announcements lacking the fanfare of the company’s recent iPhone 14 debut. Instead of hosting an event to reveal the iPad updates as it did for the iPhone, Apple AAPL, +0.94% simply announced the refreshed devices in a series of press releases. The … Read more

Nike stock drops 10% as execs predict cheaper clothing for at least the rest of the year

Nike stock drops 10% as execs predict cheaper clothing for at least the rest of the year

Shares of Nike Inc. plunged as much as 10% after hours Thursday, after the athletic-gear giant’s executives said price-cutting efforts to flush off-season clothing from warehouses in North America would dent gross margins for the rest of its fiscal year and warned of a big potential hit from the stronger dollar. Management also said they … Read more

September sadness could explain why stocks are being hit hard this month

September sadness could explain why stocks are being hit hard this month

September appears to be the worst month for Seasonal Affective Disorder, which may be the missing link for why the month is so bad for the stock market. Seasonal Affective Disorder, or SAD, is a depressive mood disorder related to the change of seasons. While most of us have heard of SAD, few associate it … Read more

Meet the 30-year-old on the verge of selling his company to Adobe for $20B

Meet the 30-year-old on the verge of selling his company to Adobe for B

Almost overnight, this 30-year-old has become the tech world’s newest titan — and is poised to become one of the world’s youngest billionaires. Dylan Field, the co-founder and CEO of San Francisco-based Figma, is on the cusp of an epic windfall after Adobe ADBE, -3.12% announced plans to acquire his company for $20 billion this … Read more

Apple iPhone 14 event: A price hike is expected, but will there be ‘one more thing’?

Apple iPhone 14 event: A price hike is expected, but will there be ‘one more thing’?

Apple Inc.’s coming iPhone 14 lineup might not bring too many new features, but there could be one big change in store. After holding steady on iPhone prices a year ago, some analysts expect that Apple AAPL, -1.36% will increase the price of its iPhone 14 Pro models this year amid camera, chip, and design … Read more

US gains 315,000 jobs in August. Labor market still strong but shows sign of cooling.

US gains 315,000 jobs in August.  Labor market still strong but shows sign of cooling.

The numbers: The US added a robust 315,000 new jobs in August, showing that businesses still have a big appetite for labor even as the economy slows and worries about a recession grow. The increase in hiring basically matched Wall Street estimates. Economists polled by The Wall Street Journal had forecast 318,000 new jobs. The … Read more

Inflation falls for the first time in more than two years, key US gauge shows, due to sinking gas prices

Inflation falls for the first time in more than two years, key US gauge shows, due to sinking gas prices

The numbers: A key gauge of US inflation fell 0.1% in July thanks to tumbling gasoline prices, marking the first decline in more than two years and giving Americans some relief from a rapidly rising cost of living. The drop in the so-called personal-consumption price index was the first since April 2020, when the US … Read more