Tech wreck: Goldman Sachs cuts Netflix, Roblox and eBay to 'sell'
CNN
Tech stocks have been obliterated this year. The Nasdaq is down more than 26%, putting that index in a bear market. Unfortunately for investors, analysts at Goldman Sachs see more pain ahead for some (but not all) tech heavyweights.
Goldman Sachs analysts downgraded shares of Netflix (NFLX), eBay (EBAY) and gaming/metaverse giant Roblox to rare "sell" ratings on Thursday. The Goldman Sachs analysts had previously rated these stocks with a lukewarm "neutral."
The analysts said the downgrades were done after they decided "to incorporate a greater probability of a weaker macro environment and solidly lower revenue growth...to reflect broader industry maturation."
Donald Trump wants us to believe that a deal with Cuba is close at hand. After this past week, I am not so sure.
President Donald Trump has said ICE agents will head to US airports tomorrow amid a partial government shutdown. Follow for live updates
President Donald Trump said Sunday border czar Tom Homan will be in charge of deploying Immigration and Customs Enforcement agents to airports on Monday, with Homan telling CNN the agents will assist with security at entrances and exits to ease TSA workload amid a partial government shutdown.
Janet Mills and her allies are counting on a gender gap to narrow Platner’s wide lead ahead of the June 9 primary to decide who will face incumbent Republican Sen. Susan Collins. They are betting that the unfiltered style that has brought Platner widespread attention as someone who could help Democrats reach young men will backfire with women.
Why do people “pledge allegiance” to a “state” that is no longer a state? And what spurs someone to not just attack innocent people, but to then make a statement of loyalty while doing so?
A Supreme Court case examining state deadlines for election ballots sent in the mail is just the tip of the spear in President Donald Trump’s war on mail-in voting.
As a shrinking number of Transportation Security Administration agents work to keep hourslong security lines moving despite not being paid, President Donald Trump stepped into the fray Saturday, announcing he will send Immigration and Customs Enforcement officers to airports by Monday if Congress doesn’t agree to a plan to end the partial government shutdown.
Donald Trump wants us to believe that a deal with Cuba is close at hand. After this past week, I am not so sure.
The search for missing 84-year-old Nancy Guthrie, mother of “Today” show host Savannah Guthrie, has stretched into another anguished week, with mounting pressure on investigators and a family grappling with uncertainty.
Cuba’s Ministry of Energy announced Saturday evening that entire island has suffered another electrical blackout, leaving more than 10 million people without power.
Iran’s attempt to strike a US-UK base over 2,000 miles (over 3,000 kilometers) off its coast has renewed questions about Tehran’s military capabilities and how far its missiles can reach.
For years, President Donald Trump has offered crass and insensitive comments about people who died – especially his foes. That reached a new level on Saturday.
Robert Mueller, the former FBI director who led the historic probe into alleged collusion between Donald Trump’s 2016 campaign and the Russian government, has died. He was 81.