Dating-tech investors have been looking for love in all the wrong places, but Bumble BMBL -0.58% is trying to change that. The company said Monday it was making its first-ever acquisition, in French dating app Fruitz for an undisclosed amount. Bumble says Fruitz is one of the fastest-growing dating apps in Europe across countries like […]
Texas Instruments TXN -0.86% has long been prized for its predictability, but the chip maker is capable of springing the occasional surprise. They range from the rapid ouster of the long-groomed replacement for its chief executive in 2018 to its decision to build up inventory in 2020, early in the pandemic. The latter turned out […]
Electric-vehicle startups and other green tech companies soared early last year. Now a wave of investigations, outside allegations and growing investor skepticism have sent shares down 75% or more for many of them. Last week, investigations by boards of directors into top executives at two electric-vehicle makers led to management changes. A short seller alleged […]
Bitcoin has taken a beating. The cryptocurrency is down nearly 20% in 2022 and about 40% over the past three months—hurt, like other risky assets, by the likelihood that the Federal Reserve will soon begin raising interest rates. Of course, this is far from its first—or worst—drop. Bitcoin fell more than 50% between last April […]
In theory, a “world” or “global” stock fund should be roughly the same no matter what country you are investing from. A world fund in Germany, for instance, should be nearly the same as a world fund in the U.S., because they both have the same objective: to track the capitalization-weighted global stock market—unlike the many varieties of international funds that […]
Wall Street stocks wavered after a volatile session marked by a selloff in technology stocks. Monthly jobs figures showed payrolls grew sharply in January. Here’s what we’re watching in Friday’s trading: Snap posted its first quarterly profit and signaled it is adjusting to disruptions in the digital-advertising market caused by Apple privacy policy changes. Amazon ’s profit […]
In the race to come up with a credible electric-vehicle strategy, Ford F -9.70% has caught up with and arguably even overtaken General Motors GM -3.43% over the past year. But that isn’t likely to be the last twist in a contest that could take a decade or more to produce clear winners. Ford reported […]
Stocktwits, the social-media service for retail investors, is adding live trading as an option for its users within the platform. The first assets Stocktwits users will be able to trade are cryptocurrencies. The platform plans to expand into equities trading later this quarter. Brokerages such as Robinhood Markets Inc., Webull and eToro have grown in […]
PayPal Holdings Inc. PYPL -6.24% shares suffered their worst selloff on record after the company lowered its 2022 profit outlook and scrapped an ambitious growth strategy it put in place last year. Shares in the payments company fell more than 24% on Wednesday to close at $132.57, erasing about $50 billion in market value. For […]
Tech stocks are leading gains after major corporations reported strong earnings for the final quarter of 2021. Here’s what we’re watching in Wednesday’s trading: Google parent Alphabet posted another quarter of strong sales growth and said that it would do a 20-for-1 split of its stock. PayPal shares plunged after the payments company issued lackluster guidance for the […]
