Needham lowers 2023 estimates for Amazon, says investors want to see pricing power over cost cutting
Shares of Amazon are down more than 47% this year as the online retailer dealt with slowing growth in its core business.
Here’s what Wall Street analysts had to say after Micron’s disappointing earnings report
Micron Technology reported surprisingly weak quarterly results, raising concern among Wall Street analysts.
10-year Treasury yield is little changed Thursday
Bond yields fell earlier in the day as investors worried that further interest rate hikes could tip the economy into a recession.
FTX’s Gary Wang, Alameda’s Caroline Ellison plead guilty to federal charges, cooperating with prosecutors
Ellison, 28, and Wang, 29, become the second and third individuals to be charged in connection with FTX’s multibillion-dollar collapse
Semiconductor maker Micron announces 10% staff reduction, suspends bonuses
Micron said it would hit its reduction target through voluntary departures as well as layoffs.
Millions at risk of losing Medicaid in the spring under provision tucked inside $1.7 trillion federal spending bill
Under the funding bill, states could start reviewing people’s Medicaid eligibility on April 1 and terminate their coverage if they no longer meet requirements.
Wolfe Research downgrades Roblox, cites growth worries after November update
Roblox shares have dropped more than 73% in 2022, but the firm expects further downside from here.
Home sales tumbled more than 7% in November, the 10th straight month of declines
Home sales dropped an unusually sharp 7.7% in November, as high mortgage rates and home prices keep buyers on the sidelines.
As the cost of living skyrockets, nearly 1 in 3 adults rely on their parents for financial support
Amid sky-high inflation, many young adults see their parents as a financial safety net. Some live with their parents, and others get help with their bills.
Here’s how much money Google estimates Microsoft’s cloud business is actually losing
Google sees Microsoft’s Azure revenue in the latest fiscal year at less than $30 billion, while analysts’ numbers are significantly higher.
