Zoom Video Communications Inc
Cramer’s week ahead: Stocks can’t stage ‘meaningful’ comeback until major obstacles are resolved
CNBC’s Jim Cramer warned investors on Friday that a market rally has no chance of sustaining until the causes of the turmoil are resolved. “If we want the market to stage a meaningful comeback, we need China to reopen, Russia to withdraw from Ukraine, and the [Federal Reserve] to curb-stomp inflation with a 100-basis point […]
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Piper Sandler downgrades Zoom Video, says there’s limited upside even after 85% decline
“The ‘if you haven’t used Zoom already by now’ mantra is more realistic and an overhang to the stock,” analysts said. Source
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Tech is hitting the brakes on hiring, but that doesn’t mean a broader slowdown is coming
San Francisco Compassandcamera | Getty Images U.S. employers added more jobs than expected in April amid a tight labor market, the Bureau of Labor Statistics reported Friday. But the tech sector, which boomed during the pandemic, is showing signs of contraction. Facebook parent company Meta is pausing hiring and scaling down some recruitment plans, Insider […]
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Cathie Wood says economic indicators ‘will start screaming’ at the Fed as it hikes rates
Ark Invest’s Cathie Wood said Tuesday the U.S. economy will start deteriorating as the Federal Reserve’s aggressive tightening goes on. Source
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Tech selloff puts Nasdaq on pace for worst day since June 2020
Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Cloud companies, e-retailers and household tech names got hammered on Thursday, wiping out hundreds of billions of dollars in market value and pushing the Nasdaq Composite toward its worst one-day plunge since June […]
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Airbnb CEO says staff can ‘live and work anywhere’
Brian Chesky, CEO and Co-founder of Airbnb Mike Segar | Reuters Home-sharing platform Airbnb announced that it is planning to let its employees live and work wherever they want as other firms start to look beyond the coronavirus pandemic and bring staff back to the office. Brian Chesky, the company’s CEO and co-founder, revealed the […]
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Here’s a full recap of CNBC’s 2022 Stock Draft: Ryan Reynolds likes Netflix, Kandi Burruss buys Zoom
Finance professionals, athletes and celebrities choose their favorite names in the annual stock-picking competition. Source
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Justin Bieber, Gwyneth Paltrow and Ashton Kutcher are among dozens of celebrity investors piling into crypto startup MoonPay
MoonPay CEO and co-founder Ivan Soto-Wright speaking at the Bitcoin 2021 conference in Miami, Florida. Eva Marie Uzcategui | Bloomberg | Getty Images What do Justin Bieber, Gwyneth Paltrow, Snoop Dogg and Ashton Kutcher all have in common? Aside from being A-list celebrities, they’re among more than 60 new investors in fintech startup MoonPay. Additional […]
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Some of the first quarter’s biggest losers could be the biggest steals, Jim Cramer says
Investors should consider purchasing stock of the first quarter’s biggest losers if the market shows signs of recovering on its own, CNBC’s Jim Cramer said Monday. “This market’s screaming that we’re headed for a [Federal Reserve]-mandated slowdown, that could possibly become a Fed-mandated recession,” the “Mad Money” host said. “If we get more signs that […]
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Jim Cramer on how 9 ‘pandemic plays’ that rallied Monday will perform going forward
CNBC’s Jim Cramer on Monday said that some of the pandemic-era winners that rallied on Monday will be able to hold onto their recovery while others will flounder. “When you see all the so-called pandemic plays roaring, without any kind of upsurge in Covid, you’ve got to take them on a case-by-case basis,” the “Mad […]
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