Biden Drives Yields Up, Tech Reversal, China Fines - What's up in Markets

12.03.2021, 17:35

President Joe Biden’s address pushes bond yields higher, China’s tech giants sell off after a warning shot from Beijing, and AstraZeneca (NASDAQ:AZN)’s vaccine runs into more problems. Here’s what you need to know in financial markets on Friday, March 12th.

Poshmark Down 14% As Earnings, Outlook Disappoint

12.03.2021, 17:30

Poshmark (NASDAQ:POSH) shares were down 14% at $51 in Friday’s premarket trading, after releasing disappointing earnings for the final quarter of 2020 late on Thursday.

Judge narrows Zoom lawsuit over user privacy, 'Zoombombing'

12.03.2021, 17:18

A U.S. judge dismissed large parts of a lawsuit accusing Zoom Video Communications (NASDAQ:ZM) Inc of violating users' privacy rights by sharing personal information with Facebook (NASDAQ:FB), Google (NASDAQ:GOOGL) and LinkedIn (NYSE:LNKD), and letting malevolent intruders join Zoom meetings in a practice called Zoombombing.

Meme Stocks GameStop, Koss, AMC Notch Double-Digit Gains, Again

12.03.2021, 17:06

Meme stocks are surging one more time.

Facebook, Google fight bill that would help U.S. news industry

12.03.2021, 17:00

WASHINGTON - Lobbyists for Facebook (NASDAQ:FB) and Google (NASDAQ:GOOGL) threw their weight against new U.S. legislation that seeks to aid struggling news publishers by allowing them to negotiate collectively against the tech companies over revenue sharing and other deals.