Nvidia Corp.’s financial results had a bit of a surprise for investors, and not on the good side — product inventories doubled to a record high as the chip company gears up for a questionable holiday season. Nvidia reported fiscal third-quarter revenue that was slightly better than analysts’ reduced expectations Wednesday, but the numbers weren’t … Read more
According to Fed Reserve Gov. Christopher Waller and several strategistslast week’s softer-than-expected October CPI that sent the S&P 500 to its best level in five months was overdone. His words may be getting through as stock futures point to a softer start as the last full week before Thanksgiving kicks off. We’ll also get retail … Read more
Image: Within It’s been a very bad year so far for Meta, the company formerly known as Facebook, in ways extremely unique to being one of the biggest tech companies in the world. Despite still making almost $7 billion in profit in recent months, TikTok is eating its lunch, the stock price is in shambles, … Read more
Photo: BigTunaOnline (Shutterstock) Google Maps is getting three new features intended to help you coordinate your plans like checking out a landmark without leaving your house or keeping tabs on your friends locations at a festival. Previous features included an area busyness feature or grocery pickupbut these three new features: photorealistic aerial view, cycling routes, … Read more
Alphabet Inc. and Microsoft Corp. both reported results that missed Wall Street’s expectations Tuesday, but not only did investors not melt down, both actually saw their stocks rise in after-hours trading. Amid troubling economic signs, tech stocks have been battered so far this year, and fears about a slowdown among Big Tech names had Wall … Read more
Photo: Amy Osborne (Getty Images) Usually gaming hardware prices get cheaper over time. But Meta is bucking that trend and raising the price of its entry-level Quest 2 VR headset by $100. The company formerly known as Facebook says it’s to help pay for innovation, a move that comes as Mark Zuckerberg’s social media company … Read more
At the height of the COVID-19 crisis, many companies tethered to online spending predicted that the pandemic would permanently alter the trajectory of e-commerce growth for the better as people built new shopping habits online. Now Shopify Inc. SHOP, -14.06% has become the latest to admit that its projections may have gotten out of hand. … Read more
Just five companies control nearly a quarter of the S&P 500 index’s market cap, and they will all report earnings this week that could determine the direction of the market for weeks or months to come. As Big Tech — Google parent Alphabet Inc. GOOGL GOOG, Amazon.com Inc. AMZN, Apple Inc. AAPL, Facebook parent Meta … Read more
Alexa Live is an annual conference for developers who use the digital assistant. screenshot: Amazon Amazon is hosting its annual Alexa developers annual conference, called Alexa Live, today. The event will introduce a heaping of new APIs for developers to build with, meaning new abilities coming to an Echo speaker or smart display near you. … Read more
The cat is out of the bag — and probably all over your Twitter feed. “Stray,” a new videogame for Sony’s SONY, +3.42% PlayStation and Microsoft MSFT, +2.08% Windows, lets players explore a subterranean, cyberpunk city as ginger tabby that’s trying to claw its way back to its family. The $29.99 third-person platform adventure and … Read more