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Shares of Amazon (AMZ) dropped after the company revealed a revenue forecast that missed analyst estimates as consumers curb online spending in the face of economic uncertainty and a return to in-person activities. The company also reported a loss on its investment in electric-vehicle maker Rivian Automotive. Amazon was the last of Big Tech names to unveil quarterly earnings this reporting season. The tech behemoth’s cloud-computing platform Amazon Web Services (AWS) was a bright spot… Source link

Some people have all the preparation meets opportunity. As we enter the final hours leading up to the NFL draft, Oregon edge rusher Kayvon Thibodeaux is one of those people. After weeks of seeing his name sliding down mock drafts, there’s suddenly a lot of smoke behind Thibodeaux being drafted by the Lions with the second overall pick. He’s not the only guy riding a late wave up draft boards. Here are three players whose stock has skyrocketed in the past few days and could possibly smash… Source link

Shares of Facebook parent Meta (FB) soared in early trading Thursday on the back of its Q1 earnings report. Shares of the social media giant were up more than 14% despite a miss on revenue expectations, as investors and analysts digested the company’s plans to scale back spending. On the surface, Meta’s report wasn’t all that great. It missed on revenue estimates, with analysts expecting the company to bring in $28.24 billion rather than the $27.9 billion it reported. But the company… Source link

Jusuf Nurkic made headlines when he approached a fan, Steven Geske, after a game between Portland and Indiana, and threw the fan’s phone. The aftermath of the incident has caused the fan to sue Nurkic, Trail Blazers and Yahoo’s Chris Haynes. Nurkic was fined $40,000. Two days after the incident, Haynes tweeted that “the fan who Portland Trail Blazers center Jusuf Nurkic confronted in Indiana allegedly shouted “your mom is trash” and said his “grandma’s a (expletive).” Nurkic’s… Source link

Two years ago, Las Vegas lost a chance to host the NFL draft when COVID-19 swept around the country, turning it into a one-off virtual event. Vegas will be the host for the 2022 draft, which kicks off with Thursday night’s Round 1 in Sin City, but natural phenomena are once again creating potential challenges for the league. There is no threat of the NFL draft being canceled or delayed, and this time COVID is not the acute concern — weather is. According to early forecasts, wind could be… Source link

Lately, the prospect of an economic slowdown has struck fear into traders and economists alike. This month, The World Bank slashed its projection for global economic growth. The Dow (^DJI) fell 810 points, or 2.4%, on Tuesday in part over concerns of a downturn. And Deutsche Bank raised the possibility of a “major recession” as result of Federal Reserve rate hikes and asset tapering in a recent note. In a new interview, Wall Street veteran and investing guru Sallie Krawcheck took those fears… Source link

On Thursday, President Joe Biden announced a proposal to get even more aggressive with the billions seized from Russian oligarchs who have close ties to Vladimir Putin. The White House released the outlines of what it calls a new comprehensive legislative package around Ukraine that includes provisions to “streamline the process for seizure of oligarch assets, expand the assets subject to seizure, and enable the proceeds to flow to Ukraine,” the White House said. The move on oligarchs and… Source link

Moderna (MRNA) filed a request for emergency use authorization (EAU) for its COVID-19 vaccine for use in kids between 6 months and under 6 years Thursday. The request is for the approval of two doses of 25 micrograms of the mRNA vaccine. Moderna’s clinical data showed the vaccine was 51% effective for the older cohort of the age group, from 2 years to under six years, and 37% effective for the younger group. The company said this is about the same as adult vaccine efficacy of two doses against… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, April 28, 2022 SPACs are getting spanked this year, as risk-off sentiment spares virtually no asset class. All told, sponsors have abandoned plans for at least 56 new SPACs in 2022 (seven last week alone). Meanwhile, regulators are gearing up to tighten rules for these IPO alternatives beleaguered by poor performance and outright fraud… Source link

Stephen Curry and the Warriors are moving on. (AAron Ontiveroz/MediaNews Group/The Denver Post via Getty Images) Stephen Curry and the Golden State Warriors hadn’t been in this position in, well, years. And it showed. Despite trailing entering the fourth quarter, the Warriors rallied in the final period to knock off Nikola Jokic and the Denver Nuggets, 102-98, in Game 5 of their opening round playoff series. That win officially closed out their series 4-1 and pushed Golden State to the next… Source link