U.S. stocks jumped sharply on Tuesday after bond yields declined, causing investors to buy the dip in beaten-up technology shares. The tech-heavy Nasdaq Composite climbed 4%, on pace for its best day since November. Tesla shares soared 20% after a five-day losing streak, headed for its biggest one-day pop since […]
CNBC News
Disney+ tops 100 million subscribers just 16 months after launch
Elizabeth Olsen and Paul Bettany star as Wanda Maximoff and Vision in Marvel’s “WandaVision.” Disney Disney+ has topped 100 million global subscribers. On Tuesday Disney CEO Bob Chapek revealed the streaming service surpassed the benchmark in just 16 months since its launch. “The enormous success of Disney+, which has now […]
Here’s what Gen Z and millennial investors need to do to make money in the stock market
Most Americans do not have investments beyond their 401(k)s and IRAs. Nearly two-thirds of U.S. adults do not own stocks, bonds or mutual funds apart from their retirement accounts, according to a 2020 survey conducted by Pew Research Center. But what if you don’t have an employer plan or you […]
Jack Dorsey’s first tweet is on track to sell for $2.5 million, and he says the money will go to charity
Twitter CEO Jack Dorsey testifies remotely via videoconference in this screengrab made from video during a Senate Judiciary Committee hearing titled, “Breaking the News: Censorship, Suppression, and the 2020 Election,? on Facebook and Twitter’s content moderation practices, on Capitol Hill in Washington, U.S., November 17, 2020. Reuters Jack Dorsey, who’s […]
Tech comeback rally gains steam as Nasdaq jumps 3.5%, Tesla rebounds 14%
U.S. stocks jumped sharply on Tuesday after bond yields declined, causing investors to buy the dip in beaten-up technology shares. The tech-heavy Nasdaq Composite climbed 3.5%, on pace for its best day since November. Tesla shares popped 14% after a five-day losing streak, while Apple and Amazon jumped 4% each. […]
House plans to pass $1.9 trillion Covid relief bill Wednesday, send it to Biden
House Democrats aim to pass the $1.9 trillion coronavirus relief bill on Wednesday so President Joe Biden can sign it by the weekend. The chamber received the Senate-passed package on Tuesday, and will take procedural steps to set up final approval Wednesday morning, according to Majority Leader Steny Hoyer’s office. […]
Jack Dorsey’s first tweet is on track to sell for $2.5 million and he’ll donate the money to charity
Twitter CEO Jack Dorsey testifies remotely via videoconference in this screengrab made from video during a Senate Judiciary Committee hearing titled, “Breaking the News: Censorship, Suppression, and the 2020 Election,? on Facebook and Twitter’s content moderation practices, on Capitol Hill in Washington, U.S., November 17, 2020. Reuters Jack Dorsey, who’s […]
Tech comeback rally gains steam as Nasdaq jumps 3.5%, Tesla rebounds 10%
U.S. stocks jumped on Tuesday after bond yields declined, causing investors to buy the dip in beaten-up technology shares. The tech-heavy Nasdaq Composite climbed 3.5%. Tesla shares popped 11.4% after a five-day losing streak, while Apple, Amazon, Microsoft and Netflix all gained at least 3%. The Dow Jones Industrial Average […]
Biden is loading up his administration with Big Tech’s most prominent critics
Nearly two months into his presidency, it’s finally becoming clear how Joe Biden plans to approach the tech sector. And it’s looking far different from the approach under the Obama administration. The selection of two major critics of the Big Tech companies, Lina Khan and Tim Wu, for key roles […]
Cathie Wood’s Ark Innovation Fund rebounds 8% Tuesday as Tesla, other tech darlings pop
Cathie Wood, CEO and founder of ARK Invest. CNBC Widely followed investor Cathie Wood recouped some of her recent sharp losses as tech stocks rebounded Tuesday after a brutal correction triggered by surging bond yields. Wood’s flagship active exchange-traded fund Ark Innovation ETF (ARKK) climbed 9.2% on Tuesday. Tesla, the […]