In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft shares fell about 7% in extended trading on Tuesday after the company reported softer cloud revenue than expected in its fiscal first quarter and gave weak quarterly guidance. Here’s how the company did: Earnings: $2.35 per share, vs. $2.30 per share as expected by
Technology
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Brent Lewin | Bloomberg via Getty Images Amazon announced Tuesday it’s adding Venmo as a payment option at checkout. The feature will begin rolling out in the Amazon app and on amazon.com starting Tuesday, before launching for U.S. users by Black Friday on Nov. 25,
In this article META Follow your favorite stocksCREATE FREE ACCOUNT Drew Angerer | Getty Images News | Getty Images Altimeter Capital Chair and CEO Brad Gerstner said in an open letter to the company and CEO Mark Zuckerberg on Monday that Meta has too many employees and is moving too slowly to retain the confidence
In this article BABA BIDU 9988-HK 700-HK 9888-HK 3690-HK Follow your favorite stocksCREATE FREE ACCOUNT China’s President Xi Jinping speaking at the opening session of the 20th Chinese Communist Party’s Congress at the Great Hall of the People in Beijing on Oct. 16, 2022. Noel Celis | AFP | Getty Images Chinese technology stocks tanked
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Level Home Apple stores in the U.S. are now selling an exterior door lock that can be unlocked by a user’s Apple Watch or iPhone. The $329 Level Lock+ is the first Home Key-supported lock that’s been sold in Apple stores. When the Level Lock+,
Samuel Bankman-Fried, founder and CEO of FTX, testifies during a Senate Committee on Agriculture, Nutrition and Forestry hearing about “Examining Digital Assets: Risks, Regulation, and Innovation,” on Capitol Hill in Washington, DC, on February 9, 2022. Saul Loeb | AFP | Getty Images A network of political action committees supported by cryptocurrency industry leaders are
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple iPad Apple Earlier this week, Apple introduced a redesigned iPad and updates to the iPad Pros. They’ll likely help the company spur sales during the ever-important holiday shopping season. But it also means Apple now sells six different iPads, and you might find it
A cryptocurrency price crash and the onset of a new so-called “crypto winter” has left many companies in the industry facing a liquidity crisis. Artur Widak | Nurphoto | Getty Images While bitcoin’s price is stuck lately, there is one good thing to come from it for investors betting on crypto to become a legitimate
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT An aerial view of Apple Park is seen in Cupertino, California, United States on October 28, 2021. Tayfun Coskun | Anadolu Agency | Getty Images Apple’s vice president of industrial design, Evans Hankey, is leaving the company, Apple confirmed to CNBC on Friday. Hankey took
In this article SNAP Follow your favorite stocksCREATE FREE ACCOUNT Snap shares plummeted more than 25% in extended trading on Thursday after the social media company reported weaker-than-expected revenue for the third quarter. It’s Wall Street’s first peak into the current state of the struggling online ad market. Here are the key numbers. Earnings per
In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple iOS 16 Source: Apple Apple’s newest update to its iPhone operating system, iOS 16.1, will be available on Monday, the company announced in a press release Thursday. It will launch for iPhone users with an iPhone 8 or newer models, and it adds quite
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Tesla reported third-quarter earnings after the bell, and executives addressed a broad range of questions during the earnings call, including macroeconomic concerns and CEO Elon Musk’s pending takeover of Twitter. Shares fell by about 5% after hours following the results. Here are the results. Earnings: $1.05
In this article IBM Follow your favorite stocksCREATE FREE ACCOUNT IBM shares rose as much as 6% in extended trading on Wednesday after the technology conglomerate surpassed analysts’ estimates for the third quarter and lifted its growth projection for the full year. Here’s how the company did: Earnings: $1.81 per share, adjusted, vs. $1.77 per
In this article NUN-MX Follow your favorite stocksCREATE FREE ACCOUNT Jakub Porzycki | NurPhoto | Getty Images The Brazilian digital banking startup Nubank will launch its own cryptocurrency in the country next year, marking the latest move into digital assets by a large financial institution. Nubank said Wednesday it will launch the token, called Nucoin,
In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT Netflix shares skyrocketed more than 14% after the bell Tuesday as the company posted better-than-expected results on the top and bottom lines. The streamer also reported the addition of 2.41 million net global subscribers, more than doubling the adds the company had projected a quarter
Satya Nadella, chairman and chief executive officer of Microsoft Corp., speaks during the virtual Meta Connect event in New York on Oct. 11, 2022. Michael Nagle | Bloomberg | Getty Images A Microsoft spokesperson on Monday confirmed that the company let go of additional workers as the software maker’s revenue is expected to slow, thanks
Shoppers queue in like outside the Apple store during the launch day of the new iPhone 14 series smartphones in Hong Kong, on September 16, 2022. Miguel Candela | Anadolu Agency | Getty Images The closely watched consumer price index continues to show headline inflation in the U.S. hovering at levels last seen in the
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, October 14, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Volatility and earnings Last week, economic data fed the market’s volatility. Inflation remains red hot, so
In this article DIS UPS Follow your favorite stocksCREATE FREE ACCOUNT Research isn’t exact, but recent polling shows that as many as half of Americans under the age of 40 have a tattoo, and that has implications for the job market. Hinterhaus Productions | Stone | Getty Images The growing battle to attract and retain
In this article DWAC Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the social media platform, Truth Social logo seen displayed on a smartphone with a photo of former US President Donald Trump displayed in the background. Rafael Henrique | Lightrocket | Getty Images Former President Donald Trump’s media company fired an executive
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