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(Bloomberg) — Amazon.com Inc. reported a strong holiday quarter, calming Wall Street’s concerns that the company was headed for a slowdown. Most Read from Bloomberg Profit beat expectations, helped by the cloud-computing division, and investors cheered a price hike for the company’s Prime subscription service. The shares jumped as much as 19% in extended trading. The reaction highlights the importance of Amazon’s diversification from its e-commerce roots. Online store sales actually… Source link

Content warning: This story contains instances of alleged sexual misconduct. Former Washington Commanders employees detailed multiple new accusations of misconduct within the organization Thursday. Multiple former employees spoke about new allegations of misconduct during an episode of HBO’s “Real Sports” podcast. The podcast episode was released the same day Congress held a roundtable with former members of the team to discuss misconduct within the organization. Allegations discussed on the… Source link

Shares of Facebook parent Meta were hammered Thursday, falling 26% after the company revealed that privacy changes Apple made to its iOS platform last year have begun to sink their teeth into the social networking giant’s bottom line. During its Q4 earnings report released Wednesday, Meta CEO Mark Zuckerberg explained that Apple’s App Tracking Transparency feature, or ATT, will cut $10 billion out of Meta’s earnings in 2022. Apps like Snap and Pinterest, however, appear to be fairing better in… Source link

WASHINGTON — On Tuesday, Denmark lifted all of its remaining coronavirus restrictions — a moment that millions of Americans have been longing for, especially as the Omicron wave that began in December appears to be subsiding. Recent polling indicates that pandemic fatigue is rising among ordinary Americans, a trend that elected officials have noticed. “We need to move away from the pandemic,” Gov. Asa Hutchinson of Arkansas said on Monday, after he and other governors met with… Source link

The entrance to the Activision Blizzard Inc. campus is shown in Irvine, California, U.S., August 6, 2019. REUTERS/Mike Blake Activision Blizzard (ATVI) reported its Q4 2021 earnings after the bell on Thursday, falling well short of analysts’ estimates on the top and bottom line. The report will be the company’s first since Microsoft (MSFT) announced it will acquire the video game giant for $68.7 billion in January. Here are the most important numbers from the report compared to Wall Street’s… Source link

Ford (F) reported disappointing 4Q 2021 earnings today after the closing bell. The legacy automaker missed consensus estimates amid the global semiconductor shortage and the toll it has taken on its production of vehicles across product lines. Here were the main metrics from Ford’s report, compared to Bloomberg consensus estimates: Revenue: $37.7 billion vs. $34.79 billion expected, $36.0 billion Y/Y Adjusted EPS: $0.26 vs. $0.45 expected, $0.34 Y/Y Ford’s stock is down from a mid-January peak… Source link

The Google app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register Summary Law firms Related documents Plaintiffs’ lawyers argue Google must disclose more documents Google’s attorneys say additional records ‘irrelevant’ to case The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and… Source link

Facebook Chairman and CEO Mark Zuckerberg (L) and Google CEO, Sundar Pichai. REUTERS While Facebook is in the midst of its biggest stock drop ever and is trading at an 18-month low, Google remains near a record and has easily outperformed all of its Big Tech peers over the past year. The difference is Apple. Google and Facebook are the two dominant online ad companies in the U.S. and have been for years. While the companies do very different things and have faced their own unique issues, the… Source link

Securities and Exchange Commissioner Hester Peirce expects an SEC proposal to expand the definition of an exchange as a backdoor way to regulate cryptocurrency exchanges, but does not anticipate the commission will formally introduce direct crypto regulation this year. “The expansive definition that’s being proposed for exchanges will cover a lot of potential platforms that haven’t thought necessarily that they would be covered and that’s in the traditional security space, as well as in the… Source link

A 3D printed Google logo is placed on the Apple Macbook in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Feb 3 (Reuters) – The Senate Judiciary Committee on Thursday voted to approve a bill that would rein in app stores of companies they said exert too much market control, particularly Apple Inc (AAPL.O) and Alphabet Inc’s Google (GOOGL.O). The measure, sponsored by Democratic Senators… Source link