Microsoft CEO Satya Nadella speaks at the CES conference in Las Vegas on Jan. 9, 2024. David Paul Morris | Bloomberg | Getty Images Microsoft’s market cap surpassed $3 trillion in intraday trading Wednesday after the stock climbed more than 1% to around $404 per share. The milestone comes two weeks after Microsoft eclipsed Apple … Read more
Daniel Ek, CEO of Swedish music streaming service Spotify, gestures as he makes a speech at a press conference in Tokyo on September 29, 2016. Toru Yamanaka | AFP | Getty Images Spotify said Wednesday it will update its iPhone app in Europe to allow users to buy in-app subscriptions and audiobooks. In most regions, … Read more
CNBC’s Jim Cramer on Monday suggested Tesla could lose its spot in the “Magnificent Seven” megacap stocks list. He said he’s waiting to see results from the electric vehicle giant’s upcoming earnings report, but said Tesla may have hit a “growth pause,” compared to its Big Tech peers that are still on the rise. If … Read more
Lisa Su displays an AMD Instinct MI300 chip as she delivers a keynote address at CES 2023 in Las Vegas, Nevada, on Jan. 4, 2023. David Becker | Getty Images Demand for graphics processing units — the artificial intelligence chips that power programs such as ChatGPT — has been surging for months, leading to significant … Read more
Apple announced the Vision Pro headset at its annual Worldwide Developers Conference in 2023. Josh Edelson | AFP | Getty Images Apple‘s Vision Pro quickly sold out after preorders for it opened Friday, but some doubt whether demand will remain strong, according to top Apple analyst Ming-Chi Kuo of TF International Securities. Shipping times for … Read more
A woman (R) adjusts the Philippines flag before the 51st Association of Southeast Asian Nations (ASEAN)- Republic of Korea Ministerial Meeting in Singapore on August 3, 2018. Mohd Rasfan | Afp | Getty Images Southeast Asia markets could see a turnaround in 2024 on the back of cheap valuations and potentially high economic growth, after … Read more
We don’t know what we want. This week, we will find out what it is that will propel us forward or turn us back after the S & P 500 on Friday closed at a new record high for the first time in more than two years. For example, we have three rails that report … Read more
The major averages were all up for the holiday shortened trading week, with the S&P 500 closing at a new all-time high on Friday, beating its last record set in January 2022. The week’s biggest winner, however, was the tech-heavy Nasdaq, which gained more than 2%. The Magnificent Seven (Amazon, Alphabet, Apple, Meta Platforms, Microsoft, … Read more
Apple CEO Tim Cook attends the “Senior Chinese Leader Event” held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week in San Francisco, California, on November 15, 2023. Carlos Barria | AFP | Getty Images Apple has offered to give rivals … Read more
Apple’s Vision Pro headset is on display at Apple’s annual Worldwide Developers Conference at the company’s headquarters in Cupertino, California, June 5, 2023. Loren Elliott | Reuters Preorders for Apple‘s $3,499 Vision Pro headset began Thursday morning ahead of its U.S. release on Feb. 2. The Vision Pro is Apple’s first new product category since … Read more
