Analysts say buy Amazon for the long term, despite recession concerns and slowing AWS growth

One thing is certain from Amazon ‘s earnings results: No one is immune to ongoing macroeconomic pressures. But even with these near-term headwinds, analysts remain confident in the long-term thesis for the e-commerce giant and its growth trajectory. The results from Amazon come on the heels of a difficult 2022 that saw the e-commerce bellwether … Read more

Bill Gates says Elon Musk’s ambition to colonize Mars is not a good use of money

SpaceX CEO Elon Musk speaks during the 67th International Astronautical Congress in Guadalajara, Mexico. Susana Gonzalez | Bloomberg | Getty Images Bill Gates questioned whether Elon Musk’s current priorities would make him a good philanthropist, taking issue with his fellow billionaire’s ambition to send people to Mars. In an interview with the BBC, set to … Read more

Nordstrom stock surges after report says activist investor Ryan Cohen bought a stake

Shoppers exit Nordstrom at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Shares of Nordstrom surged Friday morning following news that activist investor and meme stock maven Ryan Cohen bought a stake in the high-end department store company. The stock was up about 30% … Read more

Analysts overlook Alphabet’s disappointing quarter, cite confidence in AI push as ChatGPT threat grows

Analysts are willing to overlook Alphabet’ s disappointing quarter in lieu of its artificial intelligence push and focus on costs. Shares of the search giant fell more than 4% after the company missed Wall Street’s expectations for the fourth quarter. But, analysts lauded the company’s focus on artificial intelligence as it faces mounting pressures from … Read more

World’s biggest pension fund posts loss in longest losing streak in two decades

Masataka Miyazono, president of the Government Pension Investment Fund (GPIF), speaks during a news conference in Tokyo, Japan, on Friday, July 1, 2022. Bloomberg | Bloomberg | Getty Images Japan’s Government Pension Investment Fund — the world’s largest — reported a fourth consecutive quarterly loss on Friday, taking it to its longest losing streak in 20 … Read more

Analysts stand by Apple, say iPhone maker’s ‘flywheel keeps spinning’ despite disappointing earnings

Analysts aren’t giving up on Apple despite the tech giant’s near-term headwinds. The iPhone maker on Thursday posted its largest quarterly decline in revenue since 2016 . It also posted weaker-than-expected results in multiple areas as it grappled with a strong dollar, macro issues and production problems in China that constrained iPhone 14 Pro and … Read more

Ford CEO Jim Farley’s frustration builds as he vows to transform the automaker

Ford CEO Jim Farley at the company’s plant in Dearborn, Michigan, on April 26, 2022. “We have to change our cost profile,” Farley told CNBC after a call with analysts to discuss fourth-quarter results. CNBC | Michael Wayland Ford CEO Jim Farley is frustrated. The company’s fourth-quarter earnings on Thursday missed analyst expectations by a … Read more

Kyiv presses criminal charges against Wagner group chief; EU-Ukraine summit begins

Zelenskyy urges EU allies to impose 10th sanctions package on Russia Ukrainian President Volodymyr Zelenskyy urged EU allies to deploy a 10th sanctions package against Russia Yan Dobronosov | Getty Images News | Getty Images Ukrainian President Volodymyr Zelenskyy urged EU allies to deploy a 10th sanctions package against Russia as top officials from the … Read more