Micron Technology Inc.’s revenue dropped 47% in its fiscal first quarter, and management projected that the decline would worsen to more than 50% in the second quarter as layoffs are Read more
Tag: technology
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
11 high-yield dividend stocks that are Wall Street’s favorites for 2023
Investors love dividend stocks but there are different ways to look at them, including various “quality” approaches. Today we are focusing on high yields. A high dividend yield can be 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
Tesla’s ‘Twitter nightmare’ to continue, analyst says
Tesla Inc. stock edged higher Thursday, but Wedbush analyst Dan Ives minced no words to decry what he called an ongoing Twitter Inc. “funding nightmare,” accusing Chief Executive Elon Musk Read more
Elon Musk just sold $3.6 billion more in Tesla stock as Twitter turmoil continues
Tesla Inc. Chief Executive Elon Musk just sold nearly $3.6 billion more of the company’s stock, according to a filing with the Securities and Exchange Commission released late Wednesday. Musk Read more
Elon Musk says he’s taking ‘legal action’ against owner of Twitter account that tracked his plane
Twitter owner Elon Musk has gone back on a “commitment” made just over a month ago. Since taking over Twitter, Musk has vowed to make the platform more oriented to 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
SEC charges Sam Bankman-Fried with defrauding investors in now-bankrupt FTX
The Securities and Exchange Commission on Tuesday charged Samuel Bankman-Fried with committing fraud after raising $1.8 billion from investors, as the U.S. government hammer came down on the founder and Read more
FTX’s Sam Bankman-Fried is arrested in Bahamas, charges pending in U.S.
Sam Bankman-Fried, founder of the cryptocurrency exchange FTX, which faced a colossal collapse this year, was arrested in the Bahamas on Monday, and is facing criminal charges in the United Read more