Category: Finance

TOKYO — Asian stocks were mixed in a narrow range Wednesday as China announced its economy grew at a 6.4% annual pace in the last quarter. Japan’s Nikkei 225 index NIK, +0.30%   gained 0.3% and the Shanghai Composite SHCOMP, -0.04%   edged 0.1% higher. Hong Kong’s Hang Seng index HSI, -0.27%   was almost…

Netflix Inc. reported a good quarter Tuesday, but tech investor Gene Munster wasn’t particularly impressed. The managing partner and co-founder of Loup Ventures, and former Piper Jaffray analyst, told CNBC ‘s “Fast Money” on Tuesday that he doesn’t see how the streaming giant is going to make money anytime soon. In its earnings report, Netflix…

Apple Inc. and Qualcomm Inc.’s surprise settlement agreement Tuesday will result in a huge cash windfall for Qualcomm, and puts Apple on a faster path to 5G for the iPhone. The companies issued a terse joint press release Tuesday that did not disclose any financial terms of a settlement that includes a six-year deal with…

Netflix Inc. attracted a record number of paying subscribers in the first quarter of 2019, a fact that would usually coincide with huge gains for its stock, but concerns about the rest of the year actually damaged shares Tuesday afternoon. Netflix NFLX, +3.04%  on Tuesday reported first-quarter earnings, including the addition of 9.6 million new…

When the Republican Party first put forth its plan to reform the country’s tax laws, housing experts worried it could put a damper on home-buying activity. Now that the GOP’s tax plan is the law of the land, some fear those predictions may be coming to fruition. A new report from analysts at the Federal…

They’re dazed and confused — about their careers. Forty-three-year-old Josh Zepess spent nearly 20 years, most recently as a design engineer, at a semiconductor company — with lots of success, including about 10 promotions and a multi-six-figure salary. “I thought I had it made,” the Generation Xer says, adding that for years he was “the…

Is there a tipping point with Facebook? In an interview posted Sunday on Yahoo News’ Skullduggery podcast, Alexandria Ocasio-Cortez, the New York Democratic Congresswoman, said she’s given up posting on Facebook FB, -0.43%  and said she is also cutting back on her use of Twitter TWTR, -0.72%  and Instagram, where she has 3.94 million followers…

TOKYO — Shares were mixed Tuesday in Asia in mostly narrow trading in the absence of any major market-driving news. The Nikkei 225 index NIK, +0.18%   added 0.2%. China’s Shanghai Composite index SHCOMP, +0.98%   was up 0.1% and the Hang Seng index HSI, +0.52%   in Hong Kong was about flat. South Korea’s…

Salesforce.com Inc. is buying Salesforce.org for $300 million, with money going to the Salesforce Foundation and the low-budget Salesforce.org customers going to Salesforce. Pretty simple, right? Well, it doesn’t get any more straightforward from there. In a deal announced Monday afternoon, Salesforce CRM, -0.39%  will acquire an independent entity that was created to sell Salesforce…

Rep. Alexandria Ocasio-Cortez’s nimbleness at using social media helped her win a seat in Congress and into the national spotlight. But that doesn’t mean she’s a fan. In an interview posted Sunday on Yahoo News’ Skullduggery podcast, the New York Democrat said she’s given up Facebook FB, +0.31%  , and is cutting back on her…