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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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Tech companies are pressing the brakes as slowdown approaches

Tech giants who have often sailed above economic turmoil cannot escape the pain of the current downturn, as this week’s earnings reports from major companies in the sector make clear. why does it matter: Even as other industries have struggled during the pandemic, technology has thrived because much of the economy has shifted online. Now …

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5 things to know before the stock market opens Thursday, July 28

A trader works on the floor of the New York Stock Exchange (NYSE) after the Federal Reserve interest rate announcement, in New York City, July 27, 2022. Brendan McDermid | Reuters Here are the most important news that investors need to start their trading day: 1. Stock futures look soft US stock markets were poised …

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Alphabet loses profits and revenue for the second quarter

Google CEO Sundar Pichai speaks during a Google I/O keynote session at the Shoreline Amphitheater in Mountain View, California on May 7, 2019. Josh Adelson | AFP | Getty Images Alphabet reported weaker-than-expected earnings and revenue for the second quarter. The stock rose about 2% in extended trading. Here’s how the company did: Earnings per …

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What Cramer Watches Monday – Surprise Cuts, Chip Stocks Reset, Financials Slip

What I’m looking forward to on July 25, 2022 I’m still downgrading Snap (SNAP), this time Wolfe Research and Morgan Stanley. How could they be wrong? Does Winner Take All, Loser Take Nothing, vs. Alphabet’s (GOOGL) Google and Facebook Meta Platforms (META)? SNAP is down 2% in the primary market after falling 39% on Friday. …

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Facebook’s struggling ad business at the center of Big Tech’s earnings

The Meta Platforms logo appears in Davos, Switzerland, May 22, 2022. Arend Wegmann | Reuters It’s a profit-packed week for Big Tech, with the four most valuable US companies plus Meta reporting quarterly results. Alphabet and Microsoft kicked off the event on Tuesday, with Apple and Amazon wrapping things up on Thursday. Trapped between them …

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Weekend reads: Get ready for a big week – crucial Fed decision, tech earnings and GDP report

This was mostly a week for stocks, particularly the rebound of the high-tech Nasdaq Composite, as companies beat expectations for second-quarter earnings. Next week brings a heavy dose of tech earnings, the Federal Reserve’s meeting on Tuesday and Wednesday, and the first reading of second-quarter GDP on Thursday. Federal Reserve officials are expected to raise …

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