[ad_1] Stocks dropped on Friday, weighed down by a stronger-than-expected jobs report and poorly received earnings reports from Amazon and Alphabet. The robust employment growth raised fears that the Federal Reserve would need to push rates even higher to get inflation under control. Amid the overall slide, Bill.com (BILL) was a standout decliner, as its … Read more
[ad_1] hapabapa/iStock Editorial via Getty Images Asset Entities (NASDAQ:ASST), which develops and manages community servers for Discord (DSCD), saw its stock slide 30% following the company’s $7.5M initial public offering. Shares of Asset Entities opened at $5.88, reaching an early high of $6.98 before sliding to a low of $3.18 in early afternoon. The stock … Read more
[ad_1] Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5 billion, first-quarter revenues were down 12% from the prior-year quarter. Both the QCT and QTL segment revenues declined by double digits. Net income was … Read more
[ad_1] Amazon stock (NYSE: AMZN) is trading lower in premarkets after it reported its earnings for the fourth quarter of 2022. While the company’s performance in the quarter was mixed, it spooked markets with its guidance. Amazon and other tech stocks soared yesterday after Meta Platforms’ earnings release. However, Amazon, Apple, and Alphabet disappointed markets … Read more
[ad_1] Despite posting record first-quarter revenue, Starbucks Corp. saw its stock fall in extended trading Thursday as it failed to meet Wall Street estimates because of weakness in China. Starbucks SBUX, -0.76% shares dropped more than 3.5% after hours, after falling less than 1% in the regular session to close at $109.15, and seesawed up … Read more
[ad_1] Amazon.com Inc. reported its least profitable holiday quarter since 2014 on Thursday, leading to the biggest annual loss on record for the e-commerce giant, which also disappointed Wall Street with its forecast amid concerns about cloud growth. Amazon AMZN, +7.38% reported a holiday profit of $278 million, or 3 cents a share, down from … Read more
[ad_1] Alphabet Inc.’s stock slipped nearly 5% in extended trading Thursday after the tech giant missed slightly on revenue and earnings in ho-hum quarterly results. Google’s parent company reported fiscal fourth-quarter total revenue of $76.05 billion, up from $75.3 billion a year ago. Earnings were $13.62 billion, or $1.05 per share, compared with $20.64 billion, … Read more
