Tag Archives: Stock

(Bloomberg) — The stock market lost steam near record highs as traders braced for a barrage of economic data and remarks from Federal Reserve speakers that will help shape the outlook for interest rates. Most Read from Bloomberg Wall Street is also keeping a close eye on how the market absorbs heavy Treasury and corporate sales amid month-end positioning. US yields rose after Monday’s auctions of two-year and five-year government notes. Meantime, blue-chip companies are expected to sell… Source link

[unable to retrieve full-text content]Stock market today: Stocks little changed following record-setting week  Yahoo Finance Source link

It remains to be seen whether Google plans to bring Gemini to Smart Displays and speakers. At the same time, stock for the Nest Hub and speaker family of products is not as plentiful as it once was.  At launch in 2019, the Nest Mini was available in Chalk, Charcoal, Coral, and Sky Blue. As of today, the US Google Store is only selling the orange/salmon Nest Mini. The listing doesn’t even show you the other shades with a direct “Add to cart” button.  The Nest… Source link

Roku, Inc. (ROKU) shares tumble lower in Thursday’s after-hours trading as its average revenue per user dropped by 4% year-over-year in the fourth quarter. The TV and streaming company managed to beat revenue estimates and reach 80 million active user accounts in the last quarter. Yahoo Finance Entertainment Reporter Alexandra Canal breaks down the earnings report and key figures moving the stock. For more expert insight and the latest market action, click here to watch this full episode of… Source link

[unable to retrieve full-text content]Stock market today: Stocks hold steady as S&P 500 eyes 5000 mark  Yahoo Finance Source link

Snap stock (SNAP) tanked on Wednesday, sinking almost 35% as investors digested another disappointing quarterly report. The Snapchat parent company posted Q4 quarterly revenue of $1.36 billion, below Street estimates for $1.38 billion. The company has now missed revenue estimates on six of the last eight reports. And now, it says it expects to lose more money in the current quarter than Wall Street expected too. The company is now projecting an adjusted EBITDA loss in a range of $55 million… Source link

Shares of Snap Inc. (SNAP) are dropping over 30% in extended hours trading on Tuesday afternoon after the company released its fourth-quarter earnings report. The report showed revenue rose 5% to $1.36 billion, but still missed estimates of $1.38 billion. In addition, Snap posted an adjusted first-quarter EBITDA (earnings before interest, taxes, depreciation, and amortization) which also missed analysts’ expectations. Scott Kessler, Third Bridge Global Sector Lead, TMT (Technology, Media &… Source link

OpenAI launched its current version of ChatGPT in late 2022 and along with it came heightened investor interest in anything related to artificial intelligence (AI). Since then, Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) have emerged as two AI leaders, defining the category and its applications. Microsoft is a close partner of OpenAI, and Alphabet quickly revealed its answer to ChatGPT — Bard — shortly after ChatGPT was released. Nearly a year after Microsoft… Source link

(Bloomberg) — The stock market extended this week’s gains as big tech rallied and a solid jobs report bolstered the outlook for corporate profits. Most Read from Bloomberg Equities hit all-time highs, with the S&P 500 approaching 5,000 and the Nasdaq 100 up 1.7% on bullish outlooks from Meta Platforms Inc. and Amazon.com Inc. Economic optimism outweighed bets the Federal Reserve will be in no rush to cut rates. Treasury two-year yields jumped 16 basis points to 4.36%. The dollar climbed to… Source link

Google parent Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) stock is up on Thursday. It resolved a patent lawsuit on Wednesday involving AI technology, with the claim amounting to an extraordinary $1.67 billion. Singular Computing, established by Massachusetts computer scientist Joseph Bates, initiated the lawsuit. The company accused Google of misusing its computer-processing solutions. Google has also partnered with Hugging Face, a startup specializing in AI software, to host its… Source link