Amy Hood, chief financial officer at Microsoft, speaks during a presentation on affordable housing in Bellevue, Washington, on Jan. 17, 2019. Chona Kasinger | Bloomberg | Getty Images 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 […]
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. For the time being at least, the company put Wall Street’s fears to rest. Alphabet topped analysts’ estimates, reporting revenue growth of […]
Investors seeking exposure to China’s growing mobile gaming industry should look at technology giants Tencent and NetEase , according to Goldman Sachs. The investment bank expects “China to see faster growth from mid 2024 supported by game launches and a loosening regulatory environment.” Goldman’s optimism on Tencent and NetEase despite expectations that both companies will […]
Shares of popular athleisure brand Lululemon have plummeted this year, trailing the S & P 500 significantly. Its shares, which were included in the Wall Street index just last October, are down around 28% year-to-date. Does that make it a good bargain for investors right now? Portfolio manager Jack Dwyer says that although this particular […]
Meta Platforms CEO Mark Zuckerberg speaks about the Facebook News feature at the Paley Center For Media in New York on Oct. 25, 2019. Drew Angerer | Getty Images News | Getty Images Mark Zuckerberg’s net worth plunged by $18 billion Thursday after comments from the Meta CEO on the earnings call sent his company’s […]
CNBC’s annual Stock Draft kicked off Thursday on ” Power Lunch ,” with candidates gunning for a variety of investments from bitcoin to AI plays . The annual stock-picking competition pits financial professionals, athletes and celebrities against each other, as each of the 10 teams are asked to pick two names from a list of […]
Stocks sold off Thursday aHoweverfter the latest economic data came in weaker than expected, but some observers say that the reaction was overdone. The major benchmarks slid Thursday after quarterly U.S. gross domestic product came in at the slowest pace in two years and inflation stayed stubbornly above target, spurring fears of stagflation that could […]
Evan Spiegel, CEO of Snap Inc., speaks onstage during the Snap Partner Summit 2023 at Barker Hangar on April 19, 2023 in Santa Monica, California. Joe Scarnici | Getty Images Entertainment | Getty Images Snap reported first-quarter results on Thursday that beat analysts’ estimates and showed a return to double-digit revenue growth. Shares soared more […]
