Amazon Stock hits mixed earnings report and weak forecast. AWS also missed.

Amazon Stock hits mixed earnings report and weak forecast.  AWS also missed.

Text size Investors are looking for evidence that Amazon.com has made progress in its efforts to contain costs. David Ryder/Bloomberg Amazon . com fell late in trading Thursday after the company reported mixed fourth-quarter results, with better-than-expected sales growth but weaker-than-expected earnings, largely due to a loss on the the company’s stake in electric truck … Read more

Rival EV makers will struggle to keep pace

Rival EV makers will struggle to keep pace

Tesla (TSLA) bull Cathie Wood doesn’t see the electric vehicle maker’s recent price cuts as hurting the brand. Instead, they could be more of a problem for automakers trying to close the gap, she argued. “I think traditional automakers will have a hard time keeping up with the price drops that Tesla’s technology allows,” the … Read more

Penn sports betting business posts fourth quarter profit

Penn sports betting business posts fourth quarter profit

In this photo illustration the Penn Entertainment logo seen displayed on a smartphone mobile screen. Raphael Henrique | SOPA Pictures | Light flare | Getty Images Penn Entertainment Thursday became the first US gambling company to post a profit in its sports betting business in the last three months of a year. Usually, it is … Read more

Stocks moving high noon: META, ALGN, COIN

Stocks moving high noon: META, ALGN, COIN

The Commission challenged Meta’s pairing of Facebook Marketplace with its personal social network. Budrul Chukrut | SOPA Pictures | Light flare | Getty Images Find out which companies are making headlines in the midday business. Meta – Shares of the tech giant jumped 25% midway through the trading day, on track for its strongest day … Read more

80% of workers who quit in ‘big quit’ regret it: new survey

80% of workers who quit in ‘big quit’ regret it: new survey

‘Big regret’ is the latest workplace trend to sweep the country, with the majority of professionals who left their jobs in the last year wishing they could change their lives, according to a new survey. 2022 was another record year for quits – 4.1 million workers left their jobs in December, bringing the overall total … Read more

Alphabet (GOOGL) Q4 2022 Results

Alphabet (GOOGL) Q4 2022 Results

Sundar Pichai, CEO of Alphabet Inc., speaks during the CEO Summit of the Americas hosted by the American Chamber of Commerce in Los Angeles, California, U.S., Thursday, June 9, 2022. Kyle Grillot | Bloomberg | Getty Images ParentGoogle Alphabet will release its fourth-quarter results on Thursday after regular markets close. Here’s what analysts expect: Earnings: … Read more

Dow Jones goes up; Meta Surges Facebook-Parent; Tesla production in China ramps up; Apple’s post-earnings price action watched

Dow Jones goes up;  Meta Surges Facebook-Parent;  Tesla production in China ramps up;  Apple’s post-earnings price action watched

The Dow Jones Industrial Average pared its losses but was still 0.4% lower as of 12 p.m. ET Thursday. The blue chips index remains above its 50-day moving average. The Nasdaq rose more than 3% ahead of big tech earnings. The tech index erased its 200-day moving average on Wednesday in heavy volume. The S&P … Read more

US weekly jobless claims fall to nine-month low; productivity speeds up

US weekly jobless claims fall to nine-month low;  productivity speeds up

Weekly jobless claims fall by 3,000 to 183,000 Continuing claims decrease by 11,000 to 1.655 million Productivity accelerates at a rate of 3.0% in the fourth quarter Unit labor costs increase at a rate of 1.1% WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a nine-month … Read more

ECB raises rates by 0.5 percentage point as Lagarde pledges to ‘stay the course’

ECB raises rates by 0.5 percentage point as Lagarde pledges to ‘stay the course’

The European Central Bank raised interest rates by half a percentage point on Thursday and pledged to do the same in March, as its president Christine Lagarde warned that eurozone inflation remained “far too high.” high”. The ECB decided to continue aggressive tightening after raising the benchmark deposit rate to 2.5%, saying in its post-meeting … Read more