The Dow Jones Industrial Average closed lower even as the Nasdaq flew more than 3%. Meta platforms (META) skyrocketed when Mark Zuckerberg shared a surprise. Apple (AAPL) skyrocketed in open trading, but bounced back hours after a missed profit, while Microsoft (MSFT) was a top blue chip. X New Leaderboard Member US Global Jets (JETS) … Read more
font size Investors are looking for evidence that Amazon.com is making progress in its cost containment efforts. David Ryder/Bloomberg Amazon . com shares fell in late trading Thursday after the company posted mixed fourth-quarter results, with better-than-expected revenue growth but weaker-than-expected earnings, largely due to a loss to the company’s stake in the electric power … Read more
Based on information from Netflix’s support pages, a report published by The Streamable appeared to confirm details of how it will roll out password sharing features in the US and elsewhere. However, Netflix hasn’t yet announced the details of its plan or what it might look like when it rolls out more widely this year. … Read more
Tesla (TSLA) bull Cathie Wood doesn’t see the EV maker’s recent price cuts as damaging to the brand. Instead, they could be a bigger problem for automakers trying to close the gap, she argued. “I think traditional automakers will struggle to keep up with the price drops that Tesla’s technology enables,” the founder of ARK … Read more
In this photo illustration, the Penn Entertainment logo is displayed on a smartphone’s mobile screen. Rafael Henrique | SOPA Images | Rocket | Getty Images Penn entertainment on Thursday became the first US gambling company to make a profit in its sports betting during the last three months of a year. It’s usually harder to … Read more
The “Great Regret” is the latest workplace trend sweeping the country, with the majority of professionals quitting their jobs last year, according to a new survey. 2022 was another record year for layoffs, with 4.1 million workers leaving their jobs in December, bringing the grand total for the year to more than 50 million. About … Read more
The options market has prepared for bigger-than-usual moves in the shares of a trio of billion-dollar companies the day after they reported their quarterly results. That’s because the implied volatility, or how much a stock is expected to move in a given time period, of the stock for Apple Inc. AAPL, +3.42%, Alphabet Inc. google, … Read more
US equities were mixed on Thursday, highlighted by a rise in technology stocks following the latest rate hike by the Federal Reserve and ahead of another set of earnings from the tech industry’s biggest players. The tech-heavy Nasdaq Composite (^IXIC) was up more than 3% during afternoon trading. The S&P 500 (^GSPC) added 1.3%, while … Read more
Eli Lilly (LLY) experienced a “bump in the road” for its latest diabetes treatment, Mounjaro, an analyst said Thursday as LLY’s shares tumbled. X Mounjaro’s revenue came in at $279.2 million, beating expectations for $288 million to $370 million, according to several analyst calls. Lilly’s slides indicate that Mounjaro is now covered for about 50% … Read more
Weekly jobless claims fall by 3,000 to 183,000 Continuing claims decrease by 11,000 to 1.655 million Productivity accelerates by 3.0% in the fourth quarter Unit labor costs grow 1.1% WASHINGTON, Feb. 2 (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a nine-month low last week as the labor market … Read more
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