Industry news filter

Amazon stock fell on mixed earnings report and weak outlook

Amazon stock fell on mixed earnings report and weak outlook

font size Investors are looking for evidence that Amazon.com has made progress in its efforts to rein in costs. David Ryder/Bloomberg Amazon . .com shares fell in late trading Thursday after the company reported mixed fourth-quarter results, with better-than-expected sales growth, but weaker-than-expected earnings, largely due to the loss of a stake in the electric …

Amazon stock fell on mixed earnings report and weak outlook Read More »

Pfizer stock fell on pessimistic guidance as the company prepares to drop a Covid vaccine

Pfizer stock fell on pessimistic guidance as the company prepares to drop a Covid vaccine

font size Pfizer said it expects Covid-19 vaccine sales to fall to $13.5 billion in 2023. Mario Tama/Getty Images Pfizer Tuesday set guidance for fiscal year 2023 well below Wall Street consensus numbers, dampening investor expectations ahead of what is expected to be a sharp drop in sales of Covid-19 products. Shares fell 3% in …

Pfizer stock fell on pessimistic guidance as the company prepares to drop a Covid vaccine Read More »

Tesla's earnings were good.  Routing is fine.  Stock climbing.

Tesla’s earnings were good. Routing is fine. Stock climbing.

font size Tesla reported fourth-quarter earnings per share of $1.19 on sales of $24.3 billion. Anna Moneymaker / Getty Images Tesla posted strong fourth quarter numbers, but investors will want to know more about order and profit margins later this evening. Tesla (Stock ticker: TSLA), on Wednesday evening, reported fourth-quarter earnings per share of $1.19 …

Tesla’s earnings were good. Routing is fine. Stock climbing. Read More »

2 major issues Microsoft weighs before earnings

2 major issues Microsoft weighs before earnings

font size Microsoft is facing a slowdown in the growth of its cloud computing business. Gerard Julien/AFP via Getty Images Investors may feel some nervousness going forward Microsoft Quarterly financial results. And for good reason. Microsoft (Stock ticker: MSFT) reports financial results for the December quarter after the close of trading on Tuesday. There are …

2 major issues Microsoft weighs before earnings Read More »

Tesla Price Cut is a "massive success".  China's market share is growing.

Tesla Price Cut is a “massive success”. China’s market share is growing.

font size Tesla price cuts work. The company sells more cars. Sam Yeh/AFP via Getty Images Investors can see the positive impact of Tesla’s price cuts It Stocks – Now research shows that move has boosted sales and market share. Tesla (Stock ticker: TSLA) China recently cut auto prices on January 6th. So Wedbush analyst …

Tesla Price Cut is a “massive success”. China’s market share is growing. Read More »

Netflix surprises as the subscriber wins and Hastings steps back

Netflix surprises as the subscriber wins and Hastings steps back

Netflix is ​​pushing content like the Bling Empire series to attract viewers. Courtesy of Netflix font size Netflix It reported better-than-expected subscriber growth in the fourth quarter, adding 7.66 million net new subscribers, ahead of the 4.5 million subscribers the company expected. The company also announced that founder and co-CEO Reed Hastings was transitioning to …

Netflix surprises as the subscriber wins and Hastings steps back Read More »

Crypto platform Bitzlato is accused of laundering more than $700 million in illicit funds

Crypto platform Bitzlato is accused of laundering more than $700 million in illicit funds

US authorities have designated cryptocurrency exchange Bitzlato Ltd as a major money laundering concern and have charged its founder with charges of facilitating money laundering for criminals. The Treasury Department designated Bitzlato under a section of the US Patriot Act, a law used to combat money laundering and terrorist financing, for allegedly laundering illicit money …

Crypto platform Bitzlato is accused of laundering more than $700 million in illicit funds Read More »

Tesla lowered prices.  Now Wall Street is cutting earnings estimates by that much.

Tesla cuts prices, Wall Street cuts estimates. Investors don’t care.

font size Tesla is trying to increase demand by lowering the prices of its electric cars. Joe Riedel/Getty Images Tesla She started the new year with a bang, lowering the prices of her cars all over the world. Wall Street is now making its own cuts, to 2023 earnings estimates. Analysts seem to agree that …

Tesla cuts prices, Wall Street cuts estimates. Investors don’t care. Read More »

Tesla lowered prices.  Now Wall Street is cutting earnings estimates by that much.

Tesla cuts prices, Wall Street cuts estimates. Investors don’t care.

font size Tesla is trying to increase demand by lowering the prices of its electric cars. Joe Riedel/Getty Images Tesla She started the new year with a bang, lowering the prices of her cars all over the world. Wall Street is now making its own cuts, to 2023 earnings estimates. Analysts seem to agree that …

Tesla cuts prices, Wall Street cuts estimates. Investors don’t care. Read More »

Tesla lowered prices.  Now Wall Street is cutting earnings estimates by that much.

Tesla lowered prices. Now Wall Street is cutting earnings estimates by that much.

font size Tesla is trying to increase demand by lowering the prices of its electric cars. Joe Riedel/Getty Images Tesla She started the new year with a bang, lowering the prices of her cars all over the world. Wall Street is now making its own cuts, to 2023 earnings estimates. Analysts seem to agree that …

Tesla lowered prices. Now Wall Street is cutting earnings estimates by that much. Read More »