Opinion: Technology stocks are booming, and these four companies have staying power for years to come

Shares of technology companies from chip makers to FAANGs slumped for a third quarter at the end of September, as softer revenue, profit warnings and fading CEO confidence added to the doom. The backdrop is a widely expected economic recession next year, caused, in part, by aggressive Federal Reserve interest-rate increases to squash inflation. The … Read more

Facebook parent is no longer one of 10 most valuable US companies. Here’s what just overtook it.

Meta Platforms Inc. is furthering its descent through the ranks of the biggest companies in the US, this time falling below Exxon Mobil Co. for the first time in more than five years. The Facebook parent company finished Thursday’s session with a market value of $366.6 billion, while Exxon XOM, -0.20% closed with a market … Read more

Are you tempted to buy AMC’s new APEs? Be prepared to lose everything, the company warns

Shares of AMC preferred equity units, or ‘APEs,’ rose 5% Monday, while the company’s common stock fell 7.5%, after the company unveiled plans to sell another up to 425 million APEs. At current prices, the cinema chain could raise up to $1.6 billion from the sale of additional APEs, which was disclosed in a regulatory … Read more

These 20 stocks in the S&P skidded as much as 21.5% during another brutal week for the market

Another difficult week for US stocks ended with shares of oil producers sliding and Ford Motor Co. tumbling further on concerns over supply shortages. The S&P 500 SPX, -1.72% fell 1.7% on Friday for a one-week decline of 4.6%, as investors continued to fret about the Federal Reserve’s interest-rate increases to temper inflation. Among components … Read more

Netflix chief accounting officer gives up $2.4 million position after just 4 months on the job

Netflix Inc. is seeking a new chief accounting officer after its current one quit the role after less than four months. The streaming giant NFLX, -4.49% said in a regulatory filing Friday that Ken Barker has submitted his resignation effective Oct. 7. Barker, 55, joined the company on June 27 from Electronic Arts Inc. EA, … Read more

‘She never explained anything’: I’m a senior citizen and I lost $100,000 in the stock market this year. Can I sue my financial adviser?

I am a senior citizen and have suffered major losses to the tune of $100,000 in the recent stock market turmoil. Can I sue my financial adviser? I understand the dynamics of the market as far as its ups and downs, and have ridden them out before. However, it’s been different with the market in … Read more

California to require social-media companies to disclose hate-speech, disinformation policies

SACRAMENTO, Calif. — California will impose first-of-its-kind requirements on social media companies to publish their policies for removing disturbing content including hate speech, with details on how and when they remove that content, under a bill signed into law by Democratic Gov. Gavin Newsom. “California will not stand by as social media is weaponized to … Read more

Amazon testing TikTok-style feed on its app, AI company says

NEW YORK — Amazon appears to be getting the TikTok bug, joining other companies seeking to hold consumers’ attention by introducing replicas of the popular social platform. The e-commerce giant has been testing a feed on its app that enables shoppers to scroll through TikTok-like photos and videos of products posted by other users. Using … Read more

300 TikTok, ByteDance employees worked for Chinese state media: Report

At least 300 employees of TikTok and its parent company ByteDance employees worked for the Chinese state media publications, and more than a dozen still do, the media reported. LinkedIn profiles of ByteDance and TikTok employees showed them in current roles as content partnerships, strategy, policy, public affairs, monetisation and ‘media cooperation’, reports Forbes. Profiles … Read more

FTC looks to hammer out rules to rein in tech companies’ data collection

WASHINGTON — Whether it’s the fitness tracker on your wrist, the “smart” home appliances in your house or the latest kids’ fad going viral in online videos, they all produce a trove of personal data for big tech companies. How that data is being used and protected has led to growing public concern and officials’ … Read more