Amazon stock hit hardest after tech earnings bonanza, despite misses by Apple and Alphabet
Despite Amazon’s mixed fourth-quarter earnings report, analysts were encouraged by the company’s potential for long-term growth and efforts to tame expenses.
U.S. credit card debt jumps 18.5% and hits a record $930.6 billion
Inflation and higher interest rates boosted credit card debt to a record $930.6 billion at the end of 2022, a 18.5% jump from a year earlier, TransUnion found.
Jobs report shows increase of 517,000 in January, crushing estimates, as unemployment rate hit 53-year low
Nonfarm payrolls were expected to increase by 187,000 in January, according to Dow Jones estimates.
Democrats renew push for national paid family and medical leave program
Democrats say Americans need a federal paid family and medical leave program for workers to bring the U.S. in line with other industrialized nations.
Ford CEO Jim Farley’s frustration builds as he vows to transform the automaker
CEO Jim Farley wants Ford to become a far more efficient company, and he needs it to happen quickly.
Amazon is shutting some Fresh and Go stores as the company cuts costs
Amazon is exiting some Fresh and Go stores with ‘low-growth potential’ as it works to cut costs, the company said on its fourth-quarter earnings call.
Apple telegraphed that things are getting better after a tough quarter — here’s how to interpret its remarks
Here’s how to interpret Apple CFO Luca Maestri’s directional insights from its Q1 earnings call.
Amazon’s advertising business grew 19%, while Google and Meta both deal with slowdowns
Although Amazon’s ads business constitutes a small fraction of the $149.2 billion in revenue the company recorded in its fourth quarter, it’s growing fast.
Amazon’s cloud business reports 20% growth in fourth quarter, missing estimates
Amazon Web Services is still growing faster than its parent company, but the unit is seeing a deceleration as businesses reel in spending.
Starbucks misses expectations as China Covid surge hurts international sales
In China, Starbucks’ second-largest market, transactions at cafes open at least 13 months plunged nearly 30%.
