Alphabet Inc on Thursday posted fourth-quarter profit and sales short of Wall Street expectations as Google’s advertising clients pulled back spending from a period of pandemic-led excess. Executives of the search and advertising giant adopted a subdued tone on a call with investors, promising an extended period of belt-tightening, particularly on hiring, real estate costs…
A short-term saver? Say thanks to the Federal Reserve. One benefit of the Fed’s interest-rate hikes aimed at wresting control over inflation is that savers looking for a safe investment for a year or less can now get the best yields in ages from Treasury bills, or T-bills. Savings rates have jumped from just about…
Japanese automaker Mazda (7261.T) has a small, yet cult-like following here in the U.S. While fans of Mazda enjoy the driver-focused characteristics and sporty handling, there is one one area that the company is lagging: electrification. Though the brand had a strong Q4 in North America—sales jumped around 40% versus a year ago—Mazda saw its…
Holiday earnings will have to greatly exceed expectations for Amazon to reach an annual profit for the year. Amazon.com Inc. is expected to reveal this week its first unprofitable year since 2014 and the worst year for its bottom line since 2000 — and expectations for this year aren’t headed in a positive direction. Amazon…
Snap (SNAP) reported its Q4 2022 earnings on Jan. 31, meeting analysts’ expectations on revenue and user growth, but clocking a net loss and weak guidance for this year’s Q1. Here are the key numbers that emerged from Snap’s report, as compared with Wall Street’s estimates: Q4 Revenue: $1.3 billion actual versus $1.31 billion expected…
Investors have had a slew of downbeat headlines to kick off 2023. Eye-popping layoff news from tech stalwarts Amazon, Microsoft, Salesforce and 3M. Chip giant Intel reported another tough outlook amid a major slowdown in PC demand. Ford and Tesla slashing prices on EVs as the economy has cooled. Signs that inflation continues to slow…
Memory-chip prices, which dropped steeply over the past year, are expected to keep falling in the first half of 2023, putting more pressure on an industry that has already cut investments and jobs. Average prices for the two main types of memory chips used in everyday electronics—from smartphones to personal computers and TV sets—are projected…
While 2022 was a year for stock price corrections across the electric vehicle (EV) sector, 2023 looks to be a transition year for the businesses themselves. EVs are going mainstream as manufacturers across the globe are ramping up production. EVs made up 10% of all new cars sold globally last year. Europe and China are…
Stock futures were mostly higher Thursday and tech stocks looked poised to rally after Tesla TSLA +0.38% delivered solid quarterly earnings. These stocks could make moves Thursday: Tesla (TSLA) was up more than 7% in premarket trading. The electric-vehicle maker reported fourth-quarter earnings that topped Wall Street estimates. Tesla’s operating earnings of $3.9 billion in…
Stocks mounted an impressive comeback Wednesday, with the Nasdaq Composite (^IXIC) nearly erasing its biggest opening deficit since October. The Dow Jones Industrial Average (^DJI) eked out a small gain — its fourth straight — after spending most of the day in the red. Even Microsoft (MSFT) rallied back from a 4.6% early loss to…