Why investors should not give up on tech stocks entirely as interest rates rise

Stung by rising rates, tech stocks have stumbled out of the gate in 2022, but strategists say don't give up on the group even if they face a rocky period ahead. Source link

Stocks could ride the 2021 tailwind into the new year, but the jobs report and Fed will be in focus

A trader works on the floor of the New York Stock Exchange (NYSE) December 9, 2021. Brendan McDermid | Reuters It’s back to business in the week ahead with a busy economic calendar to start the new year, including the always important monthly jobs report. After a stellar 2021, stocks head into the 2022 with … Read more

Huawei expects 2021 revenue to drop by 28.9% as sanctions drag on

A Huawei store in Hangzhou displays the company’s newly launched foldable smartphone, the P50 Pocket, on December 23, 2021. Long Wei | Visual China Group | Getty Images BEIJING — Chinese telecommunications giant Huawei said Friday it expects revenue for this year will come in at 634 billion yuan ($99 billion), a 28.9% drop from … Read more

China’s big challenge for 2022: Getting people to spend money

A Hangzhou location of the Element Fresh chain, which entered the bankruptcy liquidation process in December 2021, as the coronavirus pandemic took its toll. Costfoto | Future Publishing | Getty Images BEIJING — Sluggish consumer spending has dragged down China’s economy since the pandemic, with little relief in sight for 2022. Along with the property … Read more

Stocks making the biggest moves midday: Biogen, Micron, Virgin Galactic and more

A pedestrian walks past Biogen Inc. headquarters in Cambridge, Massachusetts, on Monday, June 7, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Biogen — Shares of Biogen slid more than 7% after Samsung denied a report in South Korean media that it was in talks to … Read more

Chinese tech giant Baidu says it could be 6 years before it can fully deliver its metaverse

Baidu Vice President Ma Jie gives reporters in Beijing a preview on Dec. 21, 2021, of how the company’s metaverse app XiRang will host a developer conference. Baidu BEIJING — While metaverse hype has swept the world this year, one of China’s tech giants in the game has revealed a version of the virtual ecosystem … Read more

It looks like Santa Claus is on his way to stock investors in the week ahead

After a period of turbulence, the decks may be cleared for a good old-fashioned Santa Claus rally in the week ahead. Stocks were higher in the past week, after a rough stretch that continued into Monday. The S&P 500 recovered and is up about 3.5% for December as of Thursday. “I think all the things … Read more

China’s property developers have more than just big bond payments coming up

Migrant workers build a scaffold at the construction site of Huayang Commercial City Phase II in Huai ‘an City, east China’s Jiangsu Province, Feb. 7, 2021. Costfoto | Barcroft Media | Getty Images BEIJING — China’s struggling real estate developers face a growing number of repayment deadlines in the next few months. Real estate giant … Read more

China’s central bank cuts a benchmark rate for the first time since the pandemic

People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018.  Jason Lee | Reuters BEIJING — China’s central bank cut a benchmark lending rate on Monday for the first time since April 2020, during the height of the coronavirus pandemic in the country. The … Read more