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
These are the stocks posting the largest moves in premarket hours. Source link
A high altitude balloon floats over Billings, Mont., on Wednesday, Feb. 1, 2023. The U.S. is tracking a suspected Chinese surveillance balloon that has been spotted over U.S. airspace for a couple days, but the Pentagon decided not to shoot it down due to risks of harm for people on the ground, officials said Thursday, … Read more
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
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 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
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 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 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
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