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Dow Jones Dips, Nasdaq Flies; Meta Rockets Amid Mark Zuckerberg ‘Surprise,’ Apple Earnings Miss| Investor’s Business Daily

The Dow Jones Industrial Average closed lower even as the Nasdaq flew more than 3%. Meta Platforms (META) rocketed as Mark Zuckerberg shared a surprise. Apple (AAPL) popped in open trading but reversed in extended trading on earnings while Microsoft (MSFT) was a top blue chip. X New Leaderboard member US Global Jets (JETS) ETF …

Dow Jones Dips, Nasdaq Flies; Meta Rockets Amid Mark Zuckerberg ‘Surprise,’ Apple Earnings Miss| Investor’s Business Daily Read More »

Alphabet misses on earnings expectations, as ad revenue falls

Google parent Alphabet (GOOG, GOOGL) announced its Q4 earnings after the bell on Thursday, falling short of expectations on revenue and earnings per share, as advertising declined year-over-year. Here are the most important numbers from the report, compared to what Wall Street was expecting, as compiled by Bloomberg. Alphabet shares were down 4.2% immediately following …

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Meta shares soar lifting Zuckerberg’s net worth

Payne Capital Management President Ryan Payne discusses the market rally following the Federal Reserve meeting, Charlie Munger’s call for a crypto ban, and Meta shares. Meta Platforms is leading the tech stock revival on Wall Street despite the parent company of Facebook reporting a dip in fourth-quarter revenues from a year ago. Meta’s gain is …

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Amazon Stock Falls on Mixed Earnings Report and Weak Forecast. AWS Missed Too.

Text size Investors are looking for evidence that Amazon.com is made progress on its push to rein in costs. David Ryder/BloombergAmazon. com shares were falling in late trading Thursday after the company posted mixed results for the fourth quarter, with better-than-expected sales growth, but weaker-than-anticipated profits, due largely to a loss on the company’s stake …

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California utilities told to apply credits immediately to lower home heating bills

After enduring emotional and often scathing public comment, state regulators on Thursday ordered utilities to immediately distribute funds to lower natural gas bills that have become unaffordable for many Californians this winter. The Climate Credits, which are typically issued in April, will reduce home heating bills by $43 to $56 for most Californians based on …

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Salesforce confirms more workers are officially laid off

Salesforce, San Francisco’s largest private employer, laid off thousands of employees early Thursday morning as the tech giant moves forward in its plan to cut its workforce by 10%. The corporate software company blamed the layoff rounds, originally announced on Jan. 4, on overhiring during the pandemic. In a two-hour meeting the following day, CEO …

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Netflix hasn’t confirmed its plans to stop password sharing just yet

Based on info Netflix’s support pages, a report published by The Streamable appeared to confirm details about how it will roll out anti-password sharing features in the US and elsewhere. However, Netflix hasn’t announced the details of its plan yet or what it may look like when it rolls out more widely this year. Netflix …

Netflix hasn’t confirmed its plans to stop password sharing just yet Read More »

Gold, silver pull back on profit taking and as USDX rebounds

Welcome to Kitco News’ 2023 Outlook Series. Uncertainty continues to dominate financial markets as central bank monetary policies push the global economy into a recession to cool down inflation. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2023. (Kitco News) – Gold prices are lower …

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Microsoft rolls out Teams Premium with OpenAI-powered features

Fresh off the heels of news that Microsoft is making a multibillion-dollar investment into OpenAI, it’s integrating the company’s tech into more of its products and services. Microsoft has announced that Teams Premium is now broadly available. The service features large language models powered by OpenAI’s GPT-3.5, along with other tech geared toward making meetings …

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