Bill Gates, co-chairman of the Bill and Melinda Gates Foundation, during a panel session on day two of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, May 24, 2022. The annual Davos gathering of political leaders, top executives and celebrities runs from May 22 to 26.
Oracle shares were moving higher late Monday after the company posted better-than-expected financial results for its latest quarter. The enterprise software giant continued to see success in shifting more of its business to the cloud during the period. “Simply put, we had an outstanding quarter,” Oracle CEO Safra Catz said on a call with analysts. … Read more
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“Managers,” Peter Drucker wrote, “must understand that business results depend on a balance of efforts and results in a number of areas.” Yet if the Drucker Institute’s measure of corporate effectiveness is any indication, that is much easier said than done.
As its battle with the Federal Trade Commission deepens over the Activision Blizzard Inc. ATVI, -0.50% acquisition, Microsoft Corp. MSFT, -0.01% isn’t shying away from merger activity. The company announced in a Friday morning blog post that it has acquired Lumenisity Limited, which makes hollow core fiber (HCF) solutions. “The acquisition will expand Microsoft’s ability … Read more
Amazon stock has been clobbered since it last reported earnings. On Wednesday, the U.S. Department of Defense added to the bull case for shares. The Pentagon announced the issuance of several contracts worth up to $9 billion for a cloud computing project called the Joint Warfighting Cloud Capability. They went to the four largest U.S. cloud … Read more
One cruel truth the stock market confirmed this past week is that trying to pick the bottom for technology stocks is a fool’s errand. The Nasdaq Composite’s terrible September—it was down 10.5% on the month—has made the bottom-fishing that took place over the summer look ill-advised. As I’ve noted before, the first downturn in tech … Read more
Dividend stocks are facing stiffer competition, thanks to a big spike in bond yields. A risk-free 10-Year Treasury note was recently yielding 3.7%, up from 1.63% at the start of 2021. That’s well above the S&P 500 index’s dividend yield of 1.76%, making bonds more attractive for income investors. But this isn’t the time to … Read more
The professional network has more than 850 million users but a dearth of non-cringey content.
Shares of Netflix Inc. rallied Monday, to buck the selloff in the broader stock market, after Oppenheimer’s new analyst covering the streaming video giant spelled out reasons why it’s time for investors to jump back in. The stock NFLX, +2.02% climbed 2.3% in premarket trading, while futures ES00, -0.71% for S&P 500 index SPX, -0.72% … Read more