MicroStrategy Stock Is Crumbling as Bitcoin Slides and Rates Rise

Bitcoin’s tumbling price is dragging down MicroStrategy’s stock. Dreamstime Text size MicroStrategy , a software and Bitcoin holding company, was tumbling again as the price of the crypto continued to slide. Shares of MicroStrategy (ticker: MSTR) were down 23% in trading Monday, to around $227 a share. The company held 129,218 Bitcoins on its balance … Read more

Apple says China’s Covid-19 lockdowns weigh on sales

Apple Inc. AAPL 4.52% warned on Thursday that the resurgence of Covid-19 in China threatens to hamper sales of up to $8 billion in the current quarter – a setback after seeing supply chain improvements in the first three months of the year. The iPhone maker’s guidance came Thursday shortly after the company posted one … Read more

Facebook’s earnings overrun lifts Meta stock, but sales see slowest growth in a decade

Meta Platforms Inc. is the latest tech giant to feel an economic pinch, as Facebook’s parent company reported its slowest sales growth in a decade on Wednesday and issued a lukewarm revenue forecast. “Revenue headwinds” will likely lead to a slowdown in investment, Meta chief executive Mark Zuckerberg said in a statement. webcast presentation with … Read more

Facebook earnings overtake drives Meta stock up, but sales see slowest growth in a decade

Meta Platforms Inc. is the latest tech giant to feel an economic pinch, as Facebook’s parent company reported its slowest sales growth in a decade on Wednesday and issued a lukewarm revenue forecast. “Revenue headwinds” will likely lead to a slowdown in investment, Meta chief executive Mark Zuckerberg said in a statement. webcast presentation with … Read more

Ford’s earnings were hit hard by Rivian. Wall Street is happy anyway.

Text size Ford shares have moved about 7% or 8%, up or down, on average after the last four quarterly reports. Justin Sullivan/Getty Images Ford engine reported first quarter results which slightly exceeded Wall Street estimates. The outperformance was not significant, but the quarter seemed drama-free, and that was enough for investors in a drama-filled … Read more

Stocks fall as the Dow loses more than 800 points

U.S. stocks fell, extending their April losses, as investors digested earnings reports from major companies and weighed concerns about inflation and the spread of Covid-19 in China. Shares slid for much of Tuesday, falling further later in the session. The S&P 500 closed down 2.8%, or 120.92 points, at 4175.20, a day behind tech stocks … Read more

Microsoft beats on profits after raising Office prices

Microsoft Corp. eclipsed earnings and sales estimates and generated higher-than-expected revenue across all of its business segments in an earnings report on Tuesday, but shares fell further initially after the earnings release. Microsoft MSFT, -3.74% reported third-quarter earnings of $16.73 billion, or $2.22 per share, from $2.03 per share a year ago. Revenue increased to … Read more

U.S. stocks turn higher – WSJ

U.S. stocks rose on Monday as government bond yields retreated and investors took the opportunity to buy back shares of battered tech and other high-growth companies. The S&P 500 rose 0.1% in a volatile session, reversing an earlier decline of nearly 1.7%. The Dow Jones Industrial Average gained 0.3%, or around 130 points, after suffering … Read more

AT&T shareholders who sell shares of Warner Bros. face tax complexities

Text size AT&T shares are up 10% since April 8. Stefani Reynolds/AFP via Getty Images Since AT&T spin-off of its 71% stake in Discovery of Warner Bros. to its shareholders on April 8, many AT&T investors considered selling their Warner Bros. shares. to buy more AT&T for higher revenue. Calculation of AT&T’s cost basis (ticker: … Read more

Tesla smashes earnings estimates. Wall Street is “speechless”.

Text size Newly completed Tesla Model Y electric cars at the new Tesla Gigafactory in Germany. Sean Gallup/Getty Images You’re here beat wall street first quarter financial estimates With a stickand the stock rose as analysts praised the report. Shares of Tesla (ticker: TSLA) were up around 12% at select points on Thursday. Shares closed … Read more