The S&P 500 is near another record. Here are the stocks Wall Street sees leading the way from here

Amazon logo seen displayed on a smartphone. Igor Golovniov | SOPA Images | LightRocket | Getty Images The S&P 500 is inches away from a record, boosted lately by stocks leveraged to a reopening economy like Boeing and banks. Wall Street analysts believe a new group of stocks will lead the way from here. CNBC … Read more

Tech companies made big pledges to fight racism last year — here’s how they’re doing so far

Demonstrators gather at the Lincoln Memorial during a protest against police brutality and racism on June 6, 2020 in Washington, DC. Win McNamee Last June, social media feeds became flooded with corporate statements about how companies would promote racial equity within and beyond their workforce. The commitments came after the police murder of George Floyd … Read more

NBA’s Portland Trail Blazers face mounting concerns after first-round exit and a coaching change

Damian Lillard #0 of the Portland Trail Blazers shoots against Paul Millsap #4 of the Denver Nuggets in the first quarter during Round 1, Game 6 of the 2021 NBA Playoffs at Moda Center on June 03, 2021 in Portland, Oregon. Steph Chambers | Getty Images It all happened so fast, providing another example of … Read more

Stock futures are flat after muted Wall Street session

Traders at the New York Stock Exchange, June 2, 2021. Source: NYSE U.S. stock futures were flat on Wednesday night following a quiet day of trading. Futures for the Dow Jones Industrial Average inched up 8 points, or less than 0.1%. S&P 500 and Nasdaq 100 futures also gained marginally. During the regular session, the … Read more

LinkedIn spinout Confluent files for IPO, with annualized revenue of over $300 million

Seven years after spinning out of LinkedIn, cloud software developer Confluent is going public. Confluent, which sells software that developers can use to quickly move data for use inside applications, filed its IPO prospectus on Tuesday, seeking to become the latest enterprise business to go from open-source project to multibillion-dollar public company. Revenue in the … Read more

Apple’s massive success with CarPlay paves the way for automotive ambitions

Apple’s Senior Vice President of Software Engineering Craig Federighi speaks about CarPlay on stage during Apple’s World Wide Developers Conference in San Jose, California on June 05, 2017. Josh Edelson | AFP | Getty Images In the early 2010s, automotive manufacturers and their suppliers were excited about building sophisticated apps for car dashboards that went … Read more

Apple CEO Tim Cook faces sharp questioning from judge in Epic Games trial

Tim Cook, chief executive officer of Apple Inc., center, arrives at U.S. district court in Oakland, California, on Friday, May 21, 2021. Nina Riggio | Bloomberg | Getty Images Apple CEO Tim Cook faced sharp questioning on Friday from Judge Yvonne Gonzalez Rogers about Apple’s App Store business model at the end of his testimony … Read more

Databricks is on track for $1 billion in revenue in 2022, investor says

Ali Ghodsi, co-founder and CEO of Databricks. Databricks San Francisco-based start-up Databricks was growing fast into a respected provider of cloud software for managing data on behalf of companies, doubling its revenue on an annualized basis. Then came the coronavirus pandemic. The health crisis strapped the film, hospitality, and travel sectors of the economy. But … Read more

Palo Alto Networks earnings exceed estimates amid worries about cybersecurity

Nikesh Arora, CEO of Palo Alto Networks and formerly SoftBank Group Corp. President and COO, speaks during the SoftBank Academia Special Lecture with Chairman and CEO Masayoshi Son in Tokyo on October 22, 2015. KAZUHIRO NOGI | AFP | Getty Images Palo Alto Networks shares rose as much as 6% in extended trading on Thursday … Read more

Here’s what Google announced today at its first developer conference since 2019

Google CEO Sundar Pichai speaks at the company’s 20201 Google I/O conference. Google Google announced a slew of updates to its developer products Tuesday at its first Google I/O event since 2019. Though Google makes most of its money from advertising, the annual event is a way to excite its developer ecosystem with updates ranging … Read more