Slowing demand, and no profits are key reasons Jonathan Heller’s staying off this ride. The start of the new year hasn’t been kind to investors – not with the S&P 500 down 7.7% and the Read more…
General Motors is adding another $4 billion to repurpose plants in Michigan in order to build electric vehicles. General Motors (GM) – Get General Motors Company Report has a plan to catch Tesla and sell 1 Read more…
The IMF Executive Board raises concerns about El Salvador making bitcoin legal tender. The Executive Board of the International Monetary Fund urged El Salvador to remove bitcoin’s legal tender status, citing concerns about “financial stability, Read more…
Retail giant Walmart agreed to invest in Plenty, the South San Francisco vertical-farming company. Walmart sells an awful lot of produce and now the retailer wants to help change how it’s grown. The Bentonville, Ark., Read more…
Microsoft topped most forecasts for its second quarter earnings, but noted a modest slowdown in revenue growth from its key Azure cloud unit. Updated at 4:52 pm EST Microsoft Corp (MSFT) – Get Microsoft Corporation Read more…
Real Money’s Eric Jhonsa covers Microsoft’s fiscal second-quarter earnings report and conference call with management. Following a tumultuous start to 2022 for tech stocks, bulls are hoping Microsoft’s top and bottom-line numbers will give the Read more…
Corruption probe of party official hitting stock that’s already down sharply, Alex Frew McMillan notes. Long-suffering Alibaba stockholders have been hit again. Alibaba’s (BABA) – Get Alibaba Group Holding Ltd. Report Ant Group affiliate targeted by China’s Read more…
The streamer recently stalled out around 222 million subscribers, but it still has eyes on the world. Netflix (NFLX) – Get Netflix, Inc. Report has a bit of a problem, as it seems to have stalled Read more…
Neil Young reportedly demands his music be removed from Spotify in the latest controversy involving Joe Rogan. It looks like Rogan, Spotify (SPOT) – Get Spotify Technology SA Report and Young might be breaking up. In Read more…
Coca-Cola and Molson Coors Beverage are partnering to bring a new line of hard cocktails under the Simply Juice Brand. Frist came alcoholic Topo Chico, then hard Fresca and, now, hard seltzers from the Simply Read more…