Tag: Business news

business

Stocks that top tech investor Paul Meeks is buying

It has been a rough year for the tech sector, as investors pulled out of growth stocks such as tech amid soaring inflation, interest rate hikes and other headwinds that have left investors clamoring for safer bets. The tech-heavy Nasdaq Composite is down around 30% this year. That’s worse than the broad-based S & P 500 , […]

Stock exchange

Salesforce, Snowflake, Costco and more

Signage on a Saleforce office building in San Francisco, California, U.S., on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell:  Salesforce — Salesforce’s stock shed 6.7% despite beating analysts’ expectations on both the top and bottom lines after announcing the departure of […]

business

‘I’ve had a bad month, ‘didn’t ever try to commit fraud:’ Former FTX CEO Sam Bankman-Fried

Striking a contrite tone, former FTX CEO Sam Bankman-Fried said he “didn’t do a good job” at upholding his responsibilities to regulators, customers, and investors in a hotly anticipated conversation with CNBC’s Andrew Ross Sorkin at the Dealbook Summit. “I didn’t ever try to commit fraud on anyone,” Bankman-Fried said. “I saw it as a […]

business

Fed Chair Jerome Powell says smaller rate hikes could come in December

WASHINGTON – Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead even as he sees progress in the fight against inflation as largely inadequate. Echoing recent statements from other central bank officials and comments at the November Fed meeting, Powell said he sees the central bank in position to […]

Stock exchange

CrowdStrike, Horizon Therapeutics, Petco and more

A customer carries a dog near a Petco Animal Supplies shopping bag outside a store in New York. Angus Mordant | Bloomberg | Getty Images Check out the companies making headlines in midday trading. CrowdStrike — Shares dropped 19% after the cybersecurity provider said new revenue growth is weaker than expected. Otherwise, CrowdStrike beat estimates […]