Alibaba Group Holding Ltd. (NYSE: BABA) stock opened up 11% today (Thursday) at $88.78 after a stellar earnings report.
Alibaba officials reported earnings per share (EPS) of $0.48 on revenue of $2.81 billion. Analysts had expected EPS of $0.42 and $2.77 billion in revenue. The revenue figure was 45% higher than last year.
European regulators want to disrupt Silicon Valley's quest for global market domination. The EU has relentlessly investigated U.S. tech giants individually, saying they have rigged the game against their European competitors.
We've been telling you for a while now that Microsoft Corp. (Nasdaq: MSFT) trades like a small-cap – the kind of action investors dream about.
Recently, this old-guard tech company's share price surged – jumping 10.5% in one day.
Here's what fueling their recent (and future) success...
The Tesla stock price today opened down 4% after the company reported an earnings per share (EPS) loss of $0.36 and revenue of $1.1 billion last night. Both of those numbers comfortably beat Wall Street expectations.
Analysts had predicted an EPS loss of $0.50 and revenue of $1.02 billion.
Perennial takeover target Salesforce has been the subject of buyout rumors for years. And those whispers have been intensifying lately. Now that Satya Nadella is at the helm in Redmond, it's far more likely they'll make a bid for the "cloud" powerhouse. Shah's got the story… Watch the Video
Dow futures today (Thursday) forecasted a 40-point decrease from Wednesday's Dow close, with pre-market movers including TSLA, BABA, and ANN.
Stocks slumped Wednesday after U.S. Federal Reserve Chairwoman Janet Yellen said there are "dangers" in current U.S. stock valuations. This hamstrung pre-market momentum and raised new concerns about the markets at a time when economic data suggests the U.S. economy contracted in the first quarter after years of Fed-induced stimulus and loose monetary policy.
Here's what else is moving the markets today...
You might think the entire oil and gas industry is behind the Keystone XL Pipeline. And at the surface level that may be true.
After all, the big oil industry lobby, the American Petroleum Institute (API), has spent millions promoting it through advertising and outreach to members of Congress. API are the folks who brought us all of those pro-Keystone commercials a few months ago.
Since API represents the industry, with over 600 members, the project must be good for everyone in the energy space, right?
Why the market is down today: Stocks slumped this morning after Fed Chair Janet Yellen said there are "dangers" in current U.S. stock valuations.
"I would highlight that equity market valuations at this point generally are quite high," Yellen said. The report erased premarket momentum and raised new concerns about the markets.
Here are the top stories from the stock market today - plus stocks to watch...
by Shah Gilani
It's easy to make money when stock prices rise. But what about when the stock market crashes? What then?
Simple. Just buy shares in one or all of the four "investments" we're going to tell you about today.
You'll be on Easy Street the whole time...
by Jim Bach
Rumors are beginning the pick up steam. Investors are wondering, "Will Microsoft buy Salesforce?"
After all, reports seem to indicate that the most active suitor right now is the tech giant. But a lot is getting lost in the speculation.
Here's what you need to know about any deal involving Salesforce...
