Record gas prices hit the start of the summer travel season for Americans

Millions of Americans set out on the road over Memorial Day weekend, with gas prices soaring at a record. The national average price for a gallon of unleaded regular gas was $4.67 as of Wednesday, according to the AAA, $1.63 higher than the previous year and about 14% higher than the pre- 2022 high of … Read more

US stocks open higher after tough trading week

US stocks opened higher on Friday after a grueling week of losses across the major indexes. The S&P 500 rose 1.1% shortly after the opening bell. The Dow Jones Industrial Average added 259 points, or 0.8%, and the Nasdaq Composite Index added 1.8%. Twitter TWTR -9.46% Shares tumbled 10% after Tesla CEO Elon Musk tweeted … Read more

Tech futures rise after tough trading week

US stock futures are higher, suggesting that markets may see a comfortable rush at the end of a week of losses across the major indexes. S&P 500-related futures rose 1.2% on Friday, while Dow Jones Industrial Average futures rose 0.9%. The high-tech Nasdaq 100 contracts jumped 1.8%. Stocks closed Thursday mixed after major indexes saw … Read more

China promises a regulatory deferral for the tech sector. Analysts are skeptical.

font size China sticks to its no-Covid policy, but it has also said it will ease regulatory crackdowns on tech companies. Here, a subway station in Beijing. Wang Chao/AFP via Getty Images China’s recent statements that it will halt the long-term regulatory measures it is imposing on leading tech companies raises suspicions from analysts. The … Read more

What is the stock market doing today? Tech stocks lag while bond yields rise.

font size Shares rebounded in early afternoon trade on Monday after bond yields hit fresh highs. Photo by Spencer Platt/Getty Images Stocks were rebounding on Monday from earlier losses that came along with bond yields hitting new highs. In the afternoon trading, Dow Jones Industrial Average Gained 74 points, or 0.2%. The Standard & Poor’s … Read more

Dozens of stocks in the Standard & Poor’s 500 index experienced their worst quarter ever, as technology shares plunged in value by nearly $2 trillion.

The stock sale at the start of 2022 led to the worst quarter in history for dozens of S&P 500 stocks, as investors punished pandemic darlings and high-value tech companies, and knocked out nearly $2 trillion from market capitalization. Tech companies received the brunt of the first-quarter sell-off that was felt all over Wall Street, … Read more

Q&A with Mary Meeker: How the tech guru sees the world right now

Mary Maker Michael Kovac/Getty Images/Vanity Fair font size Mary Maker has had an amazingly fruitful career as an Internet pioneer. As a technical analyst at Morgan Stanley in the 1990s, she became the most influential analyst in the sector, Amazon.com And Microsoft And apple And and Dale. In 2010, Meeker relinquished that job to become … Read more

Q&A with Mary Meeker: How the tech guru sees the world right now

Mary Maker Michael Kovac/Getty Images/Vanity Fair font size Mary Maker has had an amazingly fruitful career as an Internet pioneer. As a technical analyst at Morgan Stanley in the 1990s, she became the most influential analyst in the sector, Amazon.com And Microsoft And apple And and Dale. In 2010, Meeker relinquished that job to become … Read more

Stock Market Today: Tech stock slide, Musk offers to buy Twitter

font size A trader works on the floor of the New York Stock Exchange. (Michael Nagel/Bloomberg) Stocks were mostly lower on Thursday, as markets digested Wednesday’s rally and earnings reports from major US banks. Technology stocks were the biggest losers. In afternoon trading, the Dow Jones Industrial Average rose 87 points, or 0.3%. The S&P … Read more

Return travel demand. Are the airlines ready for that?

After two years of delayed earnings, airlines are finally preparing to reap the benefits of a much-needed recovery in travel throughout 2022, as travelers look to make up for lost time during the pandemic. More than 6.5 million people passed through TSA checkpoints last weekend, about 500,000 people shy of the 2019 figure. Meanwhile, airline … Read more