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Investment banks pick their top stocks to buy in the ‘beaten down’ tech sector
Analysts at leading investment banks say a number of tech stocks present compelling buying opportunities right now — with some more than 30% off their 52-week highs. A storm of headwinds have hit tech stocks and investors are asking about names that are nearing the bottom, according to Bank of America . “Tech is facing […]
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Start-up investors are warning of dark days ahead as boom times are ‘unambiguously over’
Sean Gladwell | Moment | Getty Images Slow your hiring! Cut back on marketing! Extend your runway! The venture capital missives are back, and they’re coming in hot. With tech stocks cratering through the first five months of 2022 and the Nasdaq on pace for its second-worst quarter since the 2008 financial crisis, start-up investors […]
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Tech workers’ company shares slid in 2022 – and so has their wealth. Three steps they can take
Tech workers paid in equity are watching their wealth slide alongside their employers’ share prices this year, but the news may not be as bad as it seems. The Nasdaq Composite is down 23% for the year and is well entrenched in a bear market. Higher interest rates tend to hit tech companies especially hard, […]
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Goldman names its top tech giants to weather volatility — and gives one upside of nearly 140%
Goldman Sachs has named four “compelling” buying opportunities in tech after a mixed bag of first-quarter earnings. The stocks offer solid topline growth and are more likely to prevail amid the current market volatility, the bank said. After years of market-beating returns, tech stocks have endured a massive sell-off this year. The sector has borne the […]
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Tech investor Paul Meeks says avoid this FAANG stock, picks the ones he can ‘stomach’
Tech investor Paul Meeks identified the FAANG stock he would currently stay away from despite the recent rout in the broader sector, saying parts of the company’s business “could be in some trouble.” That company is e-commerce giant Amazon , whose shares have dropped more than 30% so far this year, as of the Thursday […]
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Microsoft exec tells employees in Windows and Office groups to be more cautious in hiring
Satya Nadella, chief executive officer of Microsoft Corp., appears at a panel session at the World Economic Forum in Davos, Switzerland, on May 24, 2022. Hollie Adams | Bloomberg | Getty Images Microsoft is gearing up to pursue a more conservative approach to hiring in a part of the business that includes some of its […]
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Sequoia coaches start-ups to cut costs or face a ‘death spiral’ amid stock market slump, bleak economic backdrop
One of Silicon Valley’s most successful venture capital firms doesn’t see the economy bouncing back anytime soon and is warning portfolio companies to tighten their belts in the meantime. In a 52-page presentation seen by CNBC, the Sequoia lays out a litany of risks making it harder for founders to raise money and operate. The […]
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Google hit by second UK antitrust probe into online ad dominance
The entrance to Google’s U.K. offices in London. Olly Curtis | Future Publishing | via Getty Images The U.K.’s competition regulator has opened a fresh investigation into Google, taking aim at the company’s role in the advertising technology market. It’s the second major antitrust probe to target Google’s ad practices in the U.K. The Competition […]
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French billionaire’s stake in BT probed under Britain’s tough new security law
Altice founder Patrick Drahi, left, and co-founder Armando Pereira pose for photos outside the New York Stock Exchange, before the company’s IPO, Thursday, June 22, 2017. Richard Drew | AP The U.K. has launched probes into two major technology deals under its new National Security and Investment Act as it moves to protect its most […]
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Twitter shareholders vote to boot Silver Lake co-CEO Durban, a long-time Musk backer, from board
Musk would have been appointed to Twitter’s board on Saturday, but the world’s richest man informed the company on the day that he would not, in fact, be taking the board seat. Andrew Burton | Getty Images News | Getty Images Twitter shareholders on Wednesday voted to boot Egon Durban, the co-CEO and managing director […]
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