It may not have been a surprise to see the consumer discretionary sector of the S&P 500 get hammered last year amid talk of a looming recession while the Federal Read more
Tag: online services
Online holiday sales top $210 billion, beating expectations
Online shoppers spent more than $200 billion for the holidays for the second-straight year, breaking another record, with sales spiking above $11 billion on Cyber Monday alone, according to data Read more
Amazon confirms more than 18,000 layoffs, far more than originally expected
Amazon.com Inc.’s AMZN, -0.79% layoffs will affect more than 18,000 employees, the highest reduction tally revealed in the past year at a major technology company as the industry pares back Read more
Tesla’s stock drop has been bad. But this company has hurt investors even more.
Elon Musk has been trying this week to defend Tesla’s abysmal stock performance in 2022. The electric vehicle giant has seen its stock plummet by 61% this year, making it Read more
Twitter bans accounts that promote other social networks
Twitter on Sunday announced it will ban accounts that post links or usernames for certain “prohibited” third-party social media platforms. “We will no longer allow free promotion of certain social Read more
Best stock picks for 2023: Here are Wall Street analysts’ favored choices
Following a sharp and sustained rise in interest rates, U.S. stocks have taken a broad beating this year. But 2023 may bring very different circumstances. Below are lists of analysts’ Read more
This fund beats the S&P 500 by using 75 of its stocks. Here’s how it works.
What worked well during the years-long bull market through 2021 — a focus on growth, regardless of price — has ground to a halt this year. The rebirth of the Read more
Democratic incumbent Warnock wins Georgia’s Senate runoff election — here’s why it matters
Democratic Sen. Raphael Warnock of Georgia has defeated his Republican challenger Herschel Walker in their closely watched runoff election, according to an Associated Press projection. While Democrats already had maintained their Read more
Exclusive: San Francisco city attorney looking into loss of Twitter janitors’ jobs
San Francisco City Attorney David Chiu said Tuesday that he will look into the loss of Twitter janitors’ jobs, which appears to be in violation of San Francisco law. Members Read more
Interactive: Here are the politicians who received money from FTX’s Sam Bankman-Fried
Sam Bankman-Fried opened up his wallet to Washington in a big way during the 2022 election cycle, donating about $40 million publicly. So which politicians got money from the founder Read more