Micron Technology Inc. shares rose in the extended session Wednesday after the Boise, Idaho-based chip maker’s earnings and outlook topped Wall Street estimates and its CEO defended its capital spending amid a worldwide chip shortage. Micron’s stock MU, +1.93% rose 3.5% after hours, following a 1.9% gain in the regular …
Read More »: Alphabet stock gets an upgrade amid ‘resilience and speedy recovery’ of ad business
The ability of Alphabet Inc.’s advertising business to bounce back amid the pandemic has one analyst hopeful about what’s yet to come. Stifel’s Scott Devitt upgraded Alphabet Inc. stock GOOGL, +1.04% GOOG, +1.00% to buy from hold late Monday, arguing that “the resilience and speedy recovery” of Google’s digital-ad business …
Read More »Personal Finance Daily: What to do if your income is just over the threshold for the $1,400 stimulus check and how the ‘nationalization of leases’ could hurt renters amid the pandemic
Happy Tuesday MarketWatchers. Don’t miss these top stories: How these teens are having fun in today’s stock market, and, for the most part, making money They have been trading longer than many adults, and are learning valuable lessons about investing early. MarketWatch speaks to four teenagers who are taking on …
Read More »Earnings Results: Nvidia’s quarterly sales top $5 billion for first time amid holiday scramble for gaming gear
Nvidia Corp. reported Wednesday that quarterly sales topped $ 5 billion for the first time in the fourth quarter, as holiday gaming-chip demand and renewed interest in cryptocurrency mining vied with supply shortages. Gaming sales surged 67% to a company record $ 2.5 billion, on gaming-card demand that Chief Executive …
Read More »Asia Markets: Asian stocks mixed amid questions over effectiveness of one vaccine
A currency trader passes by screens showing the Korea Composite Stock Price Index, right, and the foreign exchange rate at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Nov. 27, 2020. AP BEIJING (AP) — Asian stock markets were mixed Friday as …
Read More »Earnings Results: Peloton produces profit for the first time amid pandemic-demand spike, stock pushes toward new record
Peloton Interactive Inc. reported fiscal fourth-quarter earnings Thursday afternoon. MarketWatch photo illustration/iStockphoto A year after its initial public offering, Peloton Interactive Inc. is pedaling toward new highs amid a pandemic that is forcing people into their homes and away from gyms, creating demand for at-home fitness equipment. Peloton PTON, -3.75% …
Read More »Metals Stocks: Gold falls as dollar rallies amid global, tech-led selloff
Gold futures were headed lower Tuesday as investors turned to U.S. dollars with global stocks sinking amid concerns about lofty valuations for highflying, technology-related stocks which had led the rally in equities amid the COVID-19 pandemic. Gold has come under pressure as “the dollar wrestles [to] break its downtrend and …
Read More »The Wall Street Journal: Amazon bans sales of foreign plant seeds to U.S. amid mystery mailings
Amazon.com Inc. is barring foreign sales of seeds into the U.S. after thousands of suspicious packets, many postmarked from China, arrived at households around the world this summer. The move by Amazon comes as the mystery seeds led U.S. officials to raise alarms about the ease with which seed sales …
Read More »Thinking of moving from the city to the suburbs amid the pandemic? 5 financial factors you should consider first
Sick of being cramped inside a small apartment where you now not only live, but work and teach your kids, too? You’re far from alone these days. But buying a home and moving to the suburbs is far from a fool-proof decision from a financial perspective, even in an era …
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