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FTC issues warning to Uber, Lyft, DoorDash and other 'working in concert' companies

FTC issues warning to Uber, Lyft, DoorDash and other ‘working in concert’ companies

The Federal Trade Commission announced Thursday that it plans to crack down on the exploitation of gig workers, who the agency says are entitled to protection regardless of classification. The commission adopted a policy statement that details issues construction workers face — including misleading claims about their wages and hours, unfair contract terms and more …

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Results season is not far away.  These stocks are already seeing their estimates reduced.

Results season is not far away. These stocks are already seeing their estimates reduced.

Text size Nvidia’s management lowered its forecast for the next few quarters, which hit the stock hard. Justin Sullivan/Getty Images The companies will publish their third quarter results fairly soon. Earnings expectations have already plummeted, especially for tech companies like Nvidia and Amazon.co.uk . The quarter ends September 30, and the analyst’s overall earnings per …

Results season is not far away. These stocks are already seeing their estimates reduced. Read More »

Dow down 1,300 points as losses accelerate after August CPI reading

Dow down 1,300 points as losses accelerate after August CPI reading

The Dow Jones Industrial Average fell more than 1,300 points in the last hour of trading on Tuesday as losses accelerated on tech stocks as bond yields soared, leaving all three stock indices on track for their worst session since at least June after an unexpected rise in August. consumer price inflation. What is happening …

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Big Tech is always expensive.  Why it matters to the market.

Big Tech is always expensive. Why it matters to the market.

Text size Nvidia shares are trading at an average forward earnings multiple of around 38 times. Justin Sullivan/Getty Images Big Tech stocks are still expensive, despite all the market downturns this year. And that’s the key for the S&P 500. Now the giants— Apple (symbol: AAPL) and Alphabet (GOOGL) are two examples: they did not …

Big Tech is always expensive. Why it matters to the market. Read More »