Tech stocks worst two-week stretch since the start of pandemic

Tech stocks worst two-week stretch since the start of pandemic

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

Buy these quality stocks as the market enters treacherous territory, BMO says

Buy these quality stocks as the market enters treacherous territory, BMO says

It’s time to consider quality and dividend growth stocks, instead of traditional defensives, to deal with greater volatility ahead, according to BMO Capital. The market is coming off its worst day since June 2020, with the S&P 500 dropping more than 4% on Tuesday on the back of hotter-than-expected US inflation data. Stocks have been … Read more

Shares of Assassin’s Creed maker Ubisoft plunge after Tencent ups stake

Shares of Assassin’s Creed maker Ubisoft plunge after Tencent ups stake

Tencent has increased its stake in French games maker Ubisoft, the company behind popular franchises like Assassin’s Creed. But analysts said this has effectively closed the door on a full takeover of the company. Rafael Henrique | Sopa Pictures | light rocket | Getty Images Shares of games developer Ubisoft plunged more than 16% on … Read more

Sony, Tencent, NetEase continue deal hunt to expand new formats, markets

Sony, Tencent, NetEase continue deal hunt to expand new formats, markets

Revenue from mobile games accounts for more than half of the mobile gaming market. Sony is looking to diversify beyond consoles with its new dedicated PlayStation mobile gaming division. Mateusz Slodkowski | SOPA Pictures | LightRocket via Getty Images sony Sony’s PlayStation has dominated the gaming console market for a long time. But the business … Read more

Sony sets up a PlayStation mobile gaming unit in push beyond consoles

Sony, Tencent, NetEase continue deal hunt to expand new formats, markets

Revenue from mobile games accounts for more than half of the mobile gaming market. Sony is looking to diversify beyond consoles with its new dedicated PlayStation mobile gaming division. Mateusz Slodkowski | SOPA Pictures | LightRocket via Getty Images Sony set up a dedicated PlayStation mobile gaming unit in a major push to diversify beyond … Read more

Stocks may be headed for another selloff according to RBC’s ‘hedge fund hot dogs’ basket

Stocks may be headed for another selloff according to RBC’s ‘hedge fund hot dogs’ basket

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

Apple and Meta headsets could face a big challenge: Sticker shock

Apple and Meta headsets could face a big challenge: Sticker shock

Apple and Facebook parent Meta are expected to release mixed reality headsets in the coming year that could finally fulfill the industry’s promise to turn head-worn devices into the next big shift in personal computing. But there’s one major potential snag: sticker shock. The best-selling virtual reality headset, the Meta Quest 2, retails for $400 … Read more

Netflix loses nearly 1 million subscribers, forecast misses Wall Street estimates

Netflix loses nearly 1 million subscribers, forecast misses Wall Street estimates

Netflix Inc. NFLX-Q said on Tuesday it lost 970,000 subscribers from April through June, averting the worst-case scenario projected by the company, but offered a forecast below Wall Street expectations for the current quarter. It plans to launch an ad-supported tier next year and it warned that the strong dollar was also hitting revenue booked … Read more

Video game industry not ‘recession proof,’ sales set to fall in 2022

Video game industry not ‘recession proof,’ sales set to fall in 2022

The PlayStation 5 logo pictured at a store in Krakow, Poland. Nurphoto | Getty Images Video game sales are set to decline annually for the first time in years, as another industry that boomed in the coronavirus era faces the grim prospect of a recession. The global games and services market is forecast to contract … Read more

Sony unveils Inzone PC gaming gear as it looks beyond the PS5

Sony unveils Inzone PC gaming gear as it looks beyond the PS5

Sony’s new PC gear will help it expand its reach in gaming beyond PlayStation. sony Sony is launching its own range of gaming-focused computer monitors and headsets, hoping to tap into the lucrative high-end PC gaming market as it looks beyond its main PlayStation console brand. Called Inzone, Sony’s PC gaming lineup features two monitors. … Read more