Cathie Wood talks about her top disruptive ideas, including Netflix and Tesla

A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York. Lucas Jackson | Reuters Star fund manager Cathie Wood on Friday discussed a few of her top disruptive stock ideas, including Netflix and Tesla. Wood’s flagship fund, Ark Innovation, has had a tough 2021 as investors have favored … Read more

Oversight board to rule on Trump’s return to Facebook

Former U.S. President Donald Trump speaks at the Conservative Political Action Conference in Orlando, Florida, February 28, 2021. Octavio Jones | Reuters Facebook’s oversight board on Wednesday will decide whether to uphold the company’s indefinite suspension of former U.S. President Donald Trump, in a much-awaited verdict that may signal how the company will treat rule-breaking … Read more

Stocks making the biggest moves in the premarket: Twitter, Skyworks Solutions, Western Digital & more

Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter shares plunged 12.4% in premarket trading after it warned of rising expenses and a possible slowdown in user growth. Twitter beat estimates for its latest quarter by 2 cents a share, with earnings of 16 cents per share. Revenue … Read more

Taxes and inflation will be key themes for markets in the week ahead

Traders on the floor of the New York Stock Exchange. Source: NYSE The final week of April is going to be a busy one for markets with a Federal Reserve meeting and a deluge of earnings news. Hot topics in markets will continue to be inflation and taxes. President Joe Biden is expected to detail … Read more

India wants to cut Big Tech down to size. Critics say the new rules may give the state too much power

The logos of mobile apps, Google, Amazon, Facebook, Apple and Netflix, are displayed on a screen in this illustration. Regis Duvignau | Reuters India’s new rules for social media is a sign that New Delhi is hardening its stance toward Big Tech, experts told CNBC. Internet giants like Facebook, Amazon and Google — collectively known … Read more

These stocks are the best buys in the internet sector, says Evercore ISI’s Mark Mahaney

This illustration photo shows a person checking the Facebook app on a smartphone in Los Angeles, March 1, 2021. Chris Delmas | AFP | Getty Images The internet sector may not be broadly attractive to investors in the near term, but some of the biggest stocks in the space are positioned to be long-term winners, … Read more

Spotify jumps into the hot live audio trend with acquisition of Clubhouse rival Betty Labs

People walk by the New York Stock Exchange (NYSE) on the morning that the music streaming service Spotify begins trading shares at the NYSE on April 3, 2018 in New York City. Spencer Platt | Getty Images Spotify is moving into live audio. The company said Tuesday it will buy Betty Labs, the makers of … Read more

Stocks making the biggest moves midday: Nomura, ViacomCBS, Boeing and more

Here are the stocks making headlines on Wall Street. Nomura, Credit Suisse – Shares of both banks fell after they warned investors of significant hits caused by the forced liquidation of stock positions held by a U.S. hedge fund. CNBC and other outlets have reported that the fund is Archegos Capital Management, a multibillion dollar … Read more

Big Tech’s data watchdog in Europe is facing accusations of bureaucracy and lethargy 

FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC DUBLIN — The EU’s landmark privacy rules were hailed as a success when launched in 2018, but some believe they have placed too much weight on individual authorities and have led to sluggish activity and more bureaucracy.    TikTok recently came under the jurisdiction of Ireland’s … Read more

Cargo ship blocking Suez Canal has been refloated, says maritime services company

A handout picture released by the Suez Canal Authority on March 24, 2021 shows a part of the Taiwan-owned MV Ever Given (Evergreen), a 400-metre- (1,300-foot-) long and 59-metre wide vessel, lodged sideways and impeding all traffic across the waterway of Egypt’s Suez Canal. Suez Canal Authority | AFP | Getty Images Ever Given, the … Read more