Amazon Stock Falls on Mixed Earnings Report and Weak Forecast. AWS also missed.

Amazon Stock Falls on Mixed Earnings Report and Weak Forecast.  AWS also missed.

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

Rival EV makers will ‘struggle to keep up’

Rival EV makers will ‘struggle to keep up’

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

Sports betting Penn reports fourth quarter profits

Sports betting Penn reports fourth quarter profits

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

Earnings from Apple, Amazon and Alphabet are coming. This is what the stock options market is preparing for.

Earnings from Apple, Amazon and Alphabet are coming.  This is what the stock options market is preparing for.

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, +3.12%, Alphabet Inc. google, … Read more

80% of employees who resigned ‘with great resignation’ regret it: new survey

80% of employees who resigned ‘with great resignation’ regret it: new survey

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

Alphabet (GOOGL) earnings Q4 2022

Alphabet (GOOGL) earnings Q4 2022

Sundar Pichai, CEO of Alphabet Inc., speaks at the CEO Summit of the Americas hosted by the American Chamber of Commerce in Los Angeles, California, USA, on Thursday, June 9, 2022. Kyle Grillo | Bloomberg | Getty Images Google older Alphabet will report fourth-quarter results on Thursday after the close of regular trading. Here’s what … Read more

Dow Jones rises; Facebook Parent Meta Surges; Tesla’s production in China is rising; Apple’s post-profit price action

Dow Jones rises;  Facebook Parent Meta Surges;  Tesla’s production in China is rising;  Apple’s post-profit price action

The Dow Jones Industrial Average reversed the losses, but was still down 0.4% at 12:00 ET on Thursday. The blue chip index remains above the 50-day moving average. The Nasdaq rose more than 3% above big tech earnings. The tech index cleared its 200-day moving average with strong volume on Wednesday. The S&P 500 rose … Read more

US weekly jobless claims fall to nine-month low; productivity is gaining speed

US weekly jobless claims fall to nine-month low;  productivity is gaining speed

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