Tag: Technology

Why One Apple Bear Is Now More Cautious on the Stock Than Ever

Text size Lynx Equity Strategies analyst KC Rajkumar cut his price target on Apple stock to $110 from $125. Scott Olson/Getty Images One of Wall Street’s biggest bears on Apple shares have grown even more bearish. Lynx Equity Strategies analyst KC Rajkumar, who has long been skeptical about the growth outlook for Apple (ticker: AAPL), …

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A first generation iPhone going up for auction hopes to fetch $50,000

New York CNN — An unopened first-generation iPhone from 2007 is hitting the auction block Thursday – with an estimated value of $50,000. Originally on sale for $599, the first iPhone offered early Apple adopters a 3.5-inch screen with a 2-megapixel camera, plus 4 GB and 8 GB storage options, internet capabilities and iTunes. It …

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Meta, Shell, Apple, Alphabet, Amazon, and More Stock Market Movers

Text size Meta Platforms, the parent company of Facebook, announced a new buyback plan of $40 billion. Justin Sullivan/Getty Images Stock futures were mostly higher Thursday, adding to the previous session’s gains after the Federal Reserve boosted interest rates by a quarter of a percentage point and Fed Chairman Jerome Powell said the central bank’s …

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Qualcomm Earnings Could Disappoint. Smartphone Demand Could Be Why.

Text size Qualcomm CEO Cristiano Amon. Patrick T. Fallon/AFP via Getty Images Qualcomm, the maker of mobile processors and 5G wireless chipsets, may report muted earnings results after Thursday’s market close. Wall Street’s consensus estimate calls for Qualcomm (ticker: QCOM ) to report $9.6 billion in revenue for the quarter ended Dec. 31, with adjusted …

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Analysts name 4 alternatives to Alibaba in China’s tech sector

China’s stocks bounced back in recent months on the back of the country’s reopening — and that’s gotten investors excited about tech. No Chinese tech stock has generated as much excitement as Alibaba, one of the most recognizable names in the Chinese internet sector. The stock is a hot favorite among Wall Street analysts, with …

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ChatGPT creator launches subscription service for viral AI chatbot

CNN — OpenAI, the company behind ChatGPT, announced on Wednesday it is piloting a $20 monthly subscription plan that offers users priority access to the AI ​​chatbot even during peak times. The paid plan, called ChatGPT Plus, comes two months after the tool was released publicly and quickly went viral, thanks to its ability to …

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As the Fed raises rates by a quarter point, here’s where financial advisers are telling their clients to invest — and store — their money and colleges used pandemic-era relief funds to cancel nearly $1.5 billion in student debt

Hi MarketWatchers. Don’t miss these top stories. As the Fed raises rates by a quarter point, here’s where financial advisers are telling their clients to invest — and store — their money The Fed’s 25-basis-point move is its eighth consecutive straight interest-rate hike. Read More Colleges used pandemic-era relief funds to cancel nearly $1.5 billion …

As the Fed raises rates by a quarter point, here’s where financial advisers are telling their clients to invest — and store — their money and colleges used pandemic-era relief funds to cancel nearly $1.5 billion in student debt Read More »