With Twitter at $38, Cramer says earnings will speak volumes to the Street. But you have to know what to listen for.» Read More
SAN FRANCISCO, July 28- FedEx Corp has hired some of the hard-hitting attorneys who represented home run slugger Barry Bonds to defend against criminal allegations that FedEx knowingly shipped packages from illegal online pharmacies. Cristina Arguedas and Allen Ruby were retained by FedEx last week, according to court records.
SAN FRANCISCO, July 28- OkCupid, a top U.S. matchmaking website, intentionally mismatched users to test its technology, the IAC/InterActive Corp service said on Monday, weeks after Facebook Inc admitted to misleading users in a psychological study. "When we tell people they are a good match, they act as if they are," co-founder Christian Rudder wrote in a blog post.
SAN FRANCISCO, July 28- OkCupid, a top U.S. matchmaking website, regularly mismatches users to test its technology, the IAC/InterActive Corp service revealed on Monday, weeks after Facebook Inc admitted to misleading users in a psychological study. "When we tell people they are a good match, they act as if they are," co-founder Christian Rudder wrote in a blog post.
It seems few investors are getting behind Twitter's stock as the micro-blogging company readies to report earnings Tuesday.
Apple Inc. rose 1.4 percent to $99.02 with 52,754,400 shares traded. Applied Materials Inc. rose. 6 percent to $21.36 with 18,488,300 shares traded. Cisco Systems Inc. fell. 2 percent to $25.92 with 27,283,500 shares traded.
In the technology world, no question comes up more frequently these days than "Are we in a bubble?"
Many so-called momentum stocks have rebounded as economic data have been mixed and volatility remained low. Financial Times reports.
Technology trendsetters Apple Inc., Google Inc., Facebook Inc. and Netflix Inc. all mined foreign countries to produce earnings or revenue that exceeded analysts' projections in their latest quarters. Century-old companies such as Coca-Cola Co. and Ford Motor Co. also are hoping to make more money in countries including China and India.
U.S. stocks finished lower on Friday weighed by Amazon's weak earnings and Visa's lowered outlook, in addition to ongoing geopolitical concerns.
*Facebook says SEC recommends no enforcement action. In its quarterly report filed on Thursday, Facebook said the regulator in May "notified us that it had terminated its inquiry and that no enforcement action had been recommended by the SEC."
Stop bashing Wall Street for a hot second and think about what smaller bonuses REALLY means, says former trader Raj Mahal.
Mark Cuban, who made his fortune as an Internet entrepreneur, tells CNBC "it's not 1999 all over again by a long shot."
The tax money will be have to be made up somewhere, billionaire investor Mark Cuban says.
Facebook's record close on Thursday, fueled by earnings, added $1.6 billion to CEO Mark Zuckerberg's bottom line. USA Today reports.
Asian equity markets finished mostly higher on the final trading day of the week following another record close for the S&P 500 overnight.
Chinese companies have been pouring money into Silicon Valley, joining a parade of financiers seeking to participate in the latest boom.
*Caterpillar drags on Dow; Facebook at record on results. *Amazon shares fall after market's close; Baidu rallies. NEW YORK, July 24- U.S. stocks finished a quiet session mostly flat on Thursday as earnings painted a mixed picture of the economy, though the S&P 500 set another record closing high.
Does Instagram have a Snapchat competitor up its sleeve?
*Caterpillar drags on Dow; Facebook stock at record on results. NEW YORK, July 24- U.S. stocks ended a quiet session on Thursday as earnings painted a mixed picture of the economy, though the S&P 500 set another record closing high. Recent gains on Wall Street have been fueled by earnings, which have been strong this quarter.
U.S. stocks closed little changed on Thursday, with the S&P touching highs, as investors weighed mostly upbeat earnings and mixed economic reports.