Category Archives: Syndicated
Stock futures are little changed following S&P 500?s best week since November: Live updates
(CNBC) S&P 500 futures inched higher Sunday night as the broad index came off its best week in several months. Traders are looking ahead to a week with more corporate earnings, key labor data and a Federal Reserve meeting. Futures […]
Snap shares rocket 28% after company reports unexpected profit, better-than-expected revenue
(CNBC) Snap shares surged 28% last week after the company surprised Wall Street by showing a profit and reported sales and user numbers that exceeded analysts’ estimates. The stock climbed $3.15 to close at $14.55, its biggest percentage gain since […]
Intel used to dominate the U.S. chip industry. Now it’s struggling to stay relevant
(CNBC) Intel’s long-awaited turnaround looks farther away than ever after the company reported dismal first-quarter earnings. Investors pushed the shares down 9% on Friday to their lowest level of the year. Although Intel’s revenue is no longer shrinking and the […]
How working for Big Tech lost ‘dream job’ status
(CNBC) Despite blockbuster earnings from giants such as Alphabet and Microsoft, layoffs continue to ripple through the tech industry. Layoffs.fyi, a platform monitoring job cuts in the tech sector, recorded more than 263,000 job losses in 2023 alone. As of […]
WEF president: ‘We haven’t seen this kind of debt since the Napoleonic Wars’
(CNBC) Borge Brende, president of the World Economic Forum, gave a stark outlook for the global economy saying the world faces a decade of low growth if the right economic measures are not applied. Speaking Sunday at Global Collaboration, in […]
S&P 500 futures pop in overnight trading, boosted by Alphabet and Microsoft: Live updates
(CNBC) S&P 500 futures rose Friday as Big Tech names Alphabet and Microsoft saw shares rally on strong earnings. Futures linked to the broad market index climbed 0.9%, and Nasdaq 100 futures popped 1.15%. Futures on the Dow Jones Industrial […]
Alphabet tempers fears that it’s falling behind in AI with blowout first-quarter results
(CNBC) Alphabet went into its earnings report on Thursday facing concerns about the growth of its core Google ads business and the company’s ability to generate profits from its hefty investments in artificial intelligence. Alphabet topped analysts’ estimates, reporting revenue […]
Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock
(CNBC) Baglino, who joined Tesla in 2006, is selling about 1.14 million of his shares, the filing said, listing an “approximate date of sale” of April 25, and describing it as an exercise of stock options. Tesla announced on April […]
Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending
(CNBC) Microsoft is increasing spending at a rate not seen since at least 2016. It still might not be enough. In its earnings report on Thursday, Microsoft said capital expenditures jumped 79% from a year earlier to $14 billion. The […]
Mark Zuckerberg’s net worth plummets by more than $18 billion in Meta stock drop
(CNBC) Meta beat expectations on revenue and profit but delivered a lighter-than-expected revenue forecast. Zuckerberg told investors that the company would continue to spend billions of dollars investing in areas such as artificial intelligence and the metaverse, even though Meta […]
Schroders Capital partners with iCapital to widen access to semi-liquid global private equity strategy
(Opalesque) Schroders Capital, a global private markets manager, and iCapital1, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, today announce a strategic partnership that enables Schroders Capital to broaden access to wealth managers […]
Stock futures fall after Meta Platforms, IBM report quarterly results: Live updates
(CNBC) U.S. stock futures fell on Wednesday night after tech juggernaut Meta Platforms reported its latest quarterly results. Traders also looked ahead to the release of key economic data later this week. Futures tied to the Dow Jones Industrial Average […]
