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WSJ Opinion: The Great Migration Out of California

  • WSJ Opinion: The Great Migration Out of California WSJ Opinion: The Great Migration Out of California 4:18
10:48 a.m. Dec. 2, 2020 - By Ciara Linnane
U.S. COVID-19 death toll tops 272,000 as CDC pushes ahead with plans for expected vaccine rollout U.K. grants emergency-use authorization to Pfizer and partner BioNTech’s vaccine candidate, but many hurdles remainThe U.S. set a fresh record for hospitalizations with the coronavirus illness COVID-19 on Wednesday and the death toll climbed above 272,000, as the nation’s main public health agency pushed ahead with planning for an expected vaccine rollout.
12:38 p.m. Dec. 1, 2020 - By Jon Swartz
HPE says it is relocating HQ to Houston from San JoseShares of Hewlett Packard Enterprise Co. were flat in after-hours trading Tuesday after the information-technology giant reported fiscal fourth-quarter results, and disclosed it is moving its corporate headquarters to Houston from San Jose, Calif. Non-GAAP profits were 37 cents a share, ahead of street consensus of 34 cents a share. Net earnings were $157 million, or 12 cents a share, compared with net earnings of $9 million, or a penny a share, a year ago. Revenue was flat at $7.21 billion a year ago. "We've returned to pre-pandemic revenue, which makes this a fantastic quarter," HPE Chief Financial Officer Tarek Robbiati told MarketWatch. He said the move to Texas would be gradual, with HPE maintaining a strategic hub in San Jose. Analysts surveyed by FactSet had expected earnings of 45 cents a share on revenue of $6.98 billion. HPE shares are down 29% this year. The broader S&P 500 index has improved 13% in 2020.
2:29 p.m. Oct. 17, 2020 - By Ciara Linnane
Coronavirus update: Global COVID-19 cases top 39 million as trial of promising therapy finds it does not stop patients dying Gilead questions validity of trial conducted by World Health OrganizationThe number of confirmed cases of the coronavirus illness COVID-19 world-wide climbed above 39 million on Friday, as a clinical trial found one therapy believed to be promising as a treatment to have no effect on mortality in hospitalized patients.
1:04 p.m. Oct. 15, 2020 - By Jon Swartz
HPE shares rise 4% on improved fiscal 2021 outlookShares of Hewlett Packard Enterprise Co. were up 4% initially Thursday after the company improved fiscal 2021 financial outlook. HPE estimates non-GAAP diluted net earnings per share outlook of $1.56 to $1.76, up 10% year-over-year at the mid-point when adjusted for stock-based compensation expense. The company projects FY21 GAAP diluted net earnings per share outlook of 34 cents to 54 cents, up 77 cents year-over-year at the mid-point. "While the global pandemic is unlike any crisis we have ever faced, it has served as a catalyst, making digital transformation a strategic imperative for enterprises," HPE Chief Executive Antonio Neri said in a statement. "Enterprises need to deliver secure connectivity, remote work solutions, data analytics capabilities and mobile-first, cloud-like experiences to their employees and customers. And they need to do it with speed and flexibility, preserving liquidity to navigate the macro economic uncertainty and adapt to the new world. This is a significant opportunity for Hewlett Packard Enterprise."
6:55 p.m. Sept. 24, 2020 - By MarketWatch
‘Open letter to America’ signed by 489 national-security leaders calls Trump ‘not equal to the enormous responsibilities of his office’ Former Vice President Joe Biden, the Democratic presidential nominee, ‘is, above all, a good man with a strong sense of right and wrong,’ states letter from retired generals, admirals, NCOs, ambassadors and national-security officialsFormer Vice President Joe Biden, the Democratic presidential nominee, ‘is, above all, a good man with a strong sense of right and wrong,’ the letter states.
10:02 a.m. Sept. 21, 2020 - By Jon Swartz
Streaming service Quibi is exploring possible sale: reportStreaming service Quibi Inc., the mobile-platform network founded by Jeffrey Katzenberg and headed by ex-Hewlett Packard Enterprise Co. Chief Executive Meg Whitman, is exploring strategic options including a possible sale, according to a Wall Street Journal report on Monday. Quibi immediately declined on the report. Despite raising more than $1.4 billion and pouring millions into TV advertising, the Hollywood-based venture has struggled to gain a wide audience amid fierce competition from Walt Disney Co. , Apple Inc. , Netflix Inc. , and Amazon.com Inc. , among others. "Quibi has successfully launched a new business and pioneered a new form of storytelling and state-of-the-art platform. Meg and Jeffrey are committed to continuing to build the business in the way that gives the greatest experience for customers, greatest value for shareholders and greatest opportunity for employees. We do not comment on rumor or speculation," a company spokesperson said.
12:44 p.m. Aug. 26, 2020 - By William Watts
S&P 500 and Nasdaq end at fresh records as Amazon, Netflix and Tesla stocks soar Salesforce.com Inc. shares surged 26% after results top forecasts, helping to amplify fervor for tech companiesStocks end sharply higher Wednesday, powered by shares of technology and e-commerce shares, amid news of progress on coronavirus vaccine trials, and expectations for the Federal Reserve to signal it will keep monetary policy easy in a speech by Chairman Jerome Powell on Thursday.
4:38 a.m. Aug. 26, 2020 - By Steve Goldstein
Stocks will head higher until there’s a reason, besides COVID-19, to stop, one analyst says “For anyone who possesses an ounce of reason, it is clear that what the market is doing is simply following the path of least resistance,” one analyst says.
3:59 a.m. Aug. 26, 2020 - By Tim Rostan
Former Republican presidential hopeful Carly Fiorina is backing Biden but warns Democrats against a ‘deplorables’ redoCarly Fiorina has words of cautions for the Biden campaign, which she’s supporting, and its Democratic backers
1:14 p.m. Aug. 25, 2020 - By Jon Swartz
HPE shares jump 8% on revenue, earnings beatHewlett Packard Enterprise Co. shares surged 8% in after-hours trading Tuesday after the enterprise software and services provider reported fiscal third-quarter results that soundly Wall Street estimates.
1:02 a.m. Aug. 14, 2020 - By Brittany Anas
6 reasons to give up the big city life Many Americans have already moved because of COVID. If the concrete jungle is wearing you down, here’s some places to go insteadIt’s not just COVID. Why you might want to leave big city life behind, and where to live instead.
3:59 p.m. Aug. 7, 2020 - By Therese Poletti
The CEO who made one of Silicon Valley’s worst acquisitions wants a $400 million blank check Amid record-breaking billions pouring into SPACs, former HP CEO Apotheker files for a sequel to his calamitous $11 billion purchase of AutonomyAmid record-breaking billions pouring into SPACs is a filing from former Hewlett-Packard CEO Leo Apotheker, known for the calamitous $11 billion purchase of Autonomy.
11:32 a.m. Aug. 7, 2020 - By Brittany Anas
Here’s why college towns are among the most economically resilient places in the country These 5 college towns may have enough industry diversity to help them weather economic woesNot even university towns are pandemic-proof. Here are 5 college towns with enough industry diversity to make a rebound.
8:16 a.m. July 28, 2020 - By Wallace Witkowski
AMD is weathering coronavirus while biggest rival struggles Advanced Micro Devices in the age of COVID-19: Work-from-home, play-from-home all depend on chip-based infrastructure, which is expected to remain in demand for the year Advanced Micro Devices in the age of COVID-19: Work-from-home, play-from-home all depend on chip-based infrastructure, which is expected to remain in demand for the yearAdvanced Micro Devices Inc. is expected to withstand the COVID-19 pandemic because it serves two areas in demand for millions of people being confined in their homes — work and play — but a prolonged economic downturn could muddle that outlook.
7:20 a.m. July 13, 2020 - By Emily Bary
Hewlett Packard Enterprise to acquire Silver Peak for $925 millionHewlett Packard Enterprise Inc. announced Monday morning that it plans to acquire connectivity company Silver Peak for $925 million. Silver Peak makes SD-WAN (Software-Defined Wide Area Network) offerings, which HPE views as complementary to the company's own Aruba Edge Service Platform (ESP) offerings. HPE intends to combine Silver Peak with the Aruba business unit, which it says will "extend Aruba's technology leadership in the large and fast-growing SD-WAN space." Wells Fargo's Aaron Rakers wrote in a note to clients that he "positively appreciate[s] the strategic synergies of the acquisition" but that investors "will likely consider this a net neutral acquisition given an expectation of a net-neutral non GAAP EPS expectation through F2022." HPE shares are up 0.7% in Monday trading, though they've fallen 10% over the past three months as the S&P 500 has climbed 16%.
3:52 a.m. July 11, 2020 - By Andrea Riquier
The ‘work-from-home’ ETF is here. Get ready for some surprises. It’s hard to argue with the investing thesis, but are these the right stocks? Time will tell The fund’s holdings are a bit of a surprise, and one observer thinks it’s a winning proposition: darlings of the 2020 post-pandemic world and some standbys that look likely to make money in good times and bad.
8:23 a.m. June 30, 2020 - By Jon Swartz
Here are tech companies’ plans for increasing diversity amid protests over racial inequality Netflix, Google, Facebook and Microsoft among the big names promising money and targeting specific goals for increasing hiring of black tech workersSparked by social protests over systemic racism, the tech industry is laying out concrete plans to increase diversity within their workforces. Here are the plans that have been publicly announced by some of the biggest names in technology.
11:16 a.m. June 25, 2020 - By Victor Reklaitis
Carly Fiorina says she’ll vote for Joe Biden: ‘I can’t support Donald Trump’ The former Republican presidential hopeful and ex-CEO of Hewlett-Packard cites the Democratic challenger’s focus on ‘the soul of the nation’Carly Fiorina, the former Republican presidential hopeful and ex-CEO of Hewlett-Packard, says she’ll vote for presumptive Democratic presidential nominee Joe Biden in the November election.
2:43 a.m. June 15, 2020 - By Jon Swartz
Some tech workers are slowly trickling back to the office nowSlowly, Americans are migrating back to a very different world — offices designed to accommodate social distancing, staggered schedules, temperature checks, daily deep cleanings, contact tracing and potential testing.
8:21 a.m. June 11, 2020 - By Michael Ashbaugh
Charting a bearish reversal, U.S. benchmarks venture (way) under key support Charting Fed-fueled cross currents: 10-year yield violates key support, Financials stall at 200-day average, Rate-sensitive sectors balk at key resistance, TNX, XLF, XLU, IYR, XLPU.S. stocks are firmly on the defensive early Thursday, pressured amid renewed virus concerns and as markets digest Wednesday’s firmly-dovish Federal Reserve policy language. Against this backdrop, the S&P 500 has plunged to retest major support (3,070) amid a downturn placing the 200-day moving average (3,013) swiftly within view.
7:56 a.m. June 10, 2020 - By Michael Ashbaugh
Market rotation persists, Nasdaq rattles cage on 10,000 mark Focus: China sustains break atop 200-day average, Apple takes flight to record territory, Microsoft challenging all-time highs, FXI, AAPL, MSFT, CVNA, HPEU.S. stocks are mixed early Wednesday, vacillating ahead of the Federal Reserve’s policy statement, due out this afternoon. Against this backdrop, the Nasdaq Composite has extended its June breakout — re-tagging the 10,000 mark early Wednesday — while the S&P 500 consolidates amid persistently rotational June price action.
8:17 a.m. May 28, 2020 - By Caroline Baum
A recession is a great time to start a new business It may sound counterintuitive, but some of our strongest companies were forged during hard times Downturns and bear markets present a great opportunity for entrepreneurs to start a new business.
2:52 a.m. May 28, 2020 - By Jon Swartz
HP sales dive more than 11% despite work-from-home demand, stock falls in late trading Laptop sales grow as printing and desktop sales plunge, company’s third-quarter earnings forecast comes in below expectationsHP Inc. revenue dove more than 11% as COVID-19 washed across the globe despite greater demand for personal-computer equipment to equip workers suddenly forced to stay home, and shares fell 3% in the extended session Wednesday.
2:15 p.m. May 27, 2020 - By Ciara Linnane
Coronavirus update: Global death toll climbs above 353,000; U.S. deaths surpass 100,000 Domino’s Pizza and Papa John’s enjoy strong sales bump, while Ralph Lauren’s sales falter with stores closedThe number of deaths from the coronavirus that causes COVID-19 rose above 353,000 on Wednesday, as the World Health Organization said the Americas are at the center of the pandemic following surges in infections in Brazil, Peru, Chile and others in the past few days.
6:43 a.m. May 23, 2020 - By Ciara Linnane
Coronavirus update: U.S. death toll approaches 100,000 as CDC’s testing practices are criticized by health experts Nvidia reports blowout quarter as data-center sales top $1 billion, and Alibaba offers first look at China demand as lockdowns easeThe U.S. death toll from the coronavirus that causes COVID-19 edged closer to 100,000 on Friday, as the news emerged that the Centers for Disease Control and Prevention has been combining the results of two different types of tests for the illness in a move that has been sharply criticized by health experts.
11:49 a.m. May 22, 2020 - By Jon Swartz
HPE is undertaking another restructuring after a lousy quarter, to the chagrin of analystsIn announcing a three-year “Cost Optimization and Prioritization Plan” Thursday to save more than $1 billion after a lousy quarter wracked by COVID-19, HPE executives unveiled yet their latest scheme to cut costs — much to the chagrin of Wall Street analysis.
1:55 p.m. May 21, 2020 - By Jon Swartz
HPE loses more than $800 million as sales slump, CEO blames coronavirus 'economic lockdowns' Stock falls 5% in after-hours trading, Neri introduces three-year plan to cut $1 billion in costsHewlett Packard Enterprise Co. shares slipped about 5% in after-hours trading Thursday after the computing giant reported fiscal second-quarter results that fell short of Wall Street estimates.
2:51 a.m. May 18, 2020 - By Emily Bary
Alibaba, Walmart and Target are about to show retailers’ view of the pandemic Earnings Watch: Walmart and Target will show early effect of pandemic on U.S. retail, but don’t expect forecastsU.S. retail companies will be eagerly watching Alibaba Group Holding Ltd.’s Friday morning report, when the Chinese e-commerce giant will show what it was like to operate in the heart of the COVID-19 outbreak and emerge on the other side.
9:45 a.m. May 16, 2020 - By Philip van Doorn
Wall Street sees plenty of upside for these downtrodden tech stocks Shares of companies including Micron Technology, Western Digital and Motorola Solutions have fallen this yearShares of companies including Micron Technology, Western Digital and Motorola Solutions have fallen this year.
10:02 a.m. April 30, 2020 - By Daniel Newman
Nvidia has become a power broker for the next wave of datacenter technology Key is Mellanox, after deal closed more than a year after being announcedKey is Mellanox, after deal closed more than a year after being announced.
7:40 a.m. April 25, 2020 - By Jon Swartz
Companies reveal their plans for what work will look like when America returns to the office Across industries and regions of the U.S., companies are planning how to open up their offices again in a world changed by COVID-19MarketWatch spoke to companies across the country in different industries to gauge their back-to-work plans, and what they shared provides a glimpse into significantly different work and commerce environments.
2:23 a.m. April 20, 2020 - By Therese Poletti
We need tech more than ever, but that doesn’t mean we are willing to pay for it The tech industry in the age of COVID-19: People are online more than ever, but tech companies aren’t in line for an immediate financial windfallThe recent flip-flop in investor sentiment toward Zoom Video illustrates the double-edged sword that nearly every tech company faces during the coronavirus pandemic: while tech is needed now more than ever, there is also a downside scenario at nearly every tech company right now. The first quarter earnings season will be the first glimpse at that dichotomy.
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