Public Relations

Pinterest stock jumps more than 20% despite profit loss, as Elliott confirms stake and users remain

Pinterest Inc missed forecasts on earnings and directed lower revenue than analysts had expected in the current quarter, but shares continued to rally in after-hours trading as users paused in a quarter that prompted a sudden turnaround and attracted an active investor. pinterest pins, + 2.62% On Monday, it reported a second-quarter loss of $43.1 …

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Apple raised $5.5 billion in debt after upbeat earnings, iPhone sales offset fears of consumer downturn

Apple Inc. introduced , optimistic new quarterly results tied to strong iPhone sales, a four-part bond deal on Monday to raise new debt. The new deal from Apple AAPL, -0.62% The tech giant has raised $5.5 billion by issuing four series of bonds rated AAA from Moody’s Investors Service and AA+ from S&P Global, according …

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Opinion: Big Tech shows it’s good to be big, slowing growth leads to stock gains while smaller competitors find only pain

After charging double digit growth during the pandemic, results from the five biggest tech giants in the US this week showed a slowdown as they grapple with inflation, a looming recession and an overall slowing economy, but they were largely rewarded by Wall Street because they are the size It shows their strength. Over the …

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Roku stock falls as earnings come under widespread criticism: ‘The sum of all our concerns’

Shares of Roku Inc. fell. In pre-market trading on Friday after the streaming company admitted there was a “significant slowdown” in ad spending that helped push it to weaker-than-expected results that could continue beyond the last quarter. ‚ÄúConsumers began adjusting discretionary spending, and advertisers significantly reduced spending in the scattered advertising market (TV ads purchased …

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Amazon stock jumps 12% as sales win and AWS growth beats second consecutive quarterly loss

Amazon.com decided to cut expenses after years of pumping money into growth, and the result was its second consecutive quarterly loss, but outperforming sales and continued strong growth from Amazon Web Services helped propel the stock higher in after-hours trading Thursday. Amazon AMZN, + 1.08% The company reported a loss of $2 billion, or 20 …

Amazon stock jumps 12% as sales win and AWS growth beats second consecutive quarterly loss Read More »

Dow Jones rises 200 points, stocks hit 6-week highs as investors shrug off weak GDP numbers

US stocks rose to their highest level in more than six weeks on Thursday as investors digested the second-quarter gross domestic product data as well as a string of corporate earnings reports and the latest interest rate hike from the Federal Reserve. How are shares traded? Dow Jones Industrial Average DJIA, + 1.20% It gained …

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Opinion: Is Mark Zuckerberg taking the first step towards converting Facebook to Yahoo 2.0?

Yahoo was once the most popular website on the planet, and the one place everyone on the internet seems to have touched at least once in an online session. After a shameful slip, Yahoo is just another site that has some fans in certain parts of Asia and offers some niche products. Did Mark Zuckerberg …

Opinion: Is Mark Zuckerberg taking the first step towards converting Facebook to Yahoo 2.0? Read More »

Opinion: Is Mark Zuckerberg taking the first step towards converting Facebook to Yahoo 2.0?

Yahoo was once the most popular website on the planet, and the one place everyone on the internet seems to have touched at least once in an online session. After a shameful slip, Yahoo is just another site that has some fans in certain parts of Asia and offers some niche products. Did Mark Zuckerberg …

Opinion: Is Mark Zuckerberg taking the first step towards converting Facebook to Yahoo 2.0? Read More »

Bank of America says the Fed will cut interest rates next year. Here’s what will happen to Treasurys.

All eyes will be on the Federal Reserve on Wednesday. The central bank is widely expected to continue the rapid pace of monetary policy tightening with a further 75 basis point increase in borrowing costs. But even before it was confirmed that inflation had peaked, the market began pricing in interest opportunities cuts Next year …

Bank of America says the Fed will cut interest rates next year. Here’s what will happen to Treasurys. Read More »

Opinion: Google and Microsoft earnings show that the bar has been lowered for Big Tech

Both Alphabet Inc and Microsoft Corp reported results that missed Wall Street expectations on Tuesday, but not only did investors not melt, they both saw their shares rise in after-hours trading. Amid worrying economic signs, tech stocks have taken a hit so far this year, and fears of a slowdown among the names of major …

Opinion: Google and Microsoft earnings show that the bar has been lowered for Big Tech Read More »