Alphabet misses on earnings expectations, as ad revenue falls

Alphabet misses on earnings expectations, as ad revenue falls

Google parent Alphabet (GOOG, GOOGL) announced its Q4 earnings after the bell on Thursday, falling short of expectations on revenue and earnings per share, as advertising declined year-over-year. Here are the most important numbers from the report, compared to what Wall Street was expecting, as compiled by Bloomberg. Alphabet shares were down 4.2% immediately following … Read more

Amazon Stock Falls on Mixed Earnings Report and Weak Forecast. AWS Missed Too.

Amazon Stock Falls on Mixed Earnings Report and Weak Forecast. AWS Missed Too.

Text size Investors are looking for evidence that Amazon.com is made progress on its push to rein in costs. David Ryder/Bloomberg Amazon . com shares were falling in late trading Thursday after the company posted mixed results for the fourth quarter, with better-than-expected sales growth, but weaker-than-anticipated profits, due largely to a loss on the company’s … Read more

Meta Platforms Shares Surge on Cost Cuts, Stock Buyback

Meta Platforms Shares Surge on Cost Cuts, Stock Buyback

Business Shares of social-media company are on pace for largest percentage increase in nearly a decade

Apple, Amazon and Alphabet earnings are coming. Here’s what the stock options market is bracing for.

Apple, Amazon and Alphabet earnings are coming. Here’s what the stock options market is bracing for.

The options market has prepared for bigger-than-usual moves in the stocks of a trio of trillion-dollar companies, the day after they report quarterly earnings results. That’s because the implied volatility, or how much a stock can be expected to move over a certain period, of the stocks for Apple Inc. AAPL, +2.48%, Alphabet Inc. GOOGL, … Read more

Penn sports betting business posts fourth quarter profit

Penn sports betting business posts fourth quarter profit

In this photo illustration, the Penn Entertainment logo is displayed on a smartphone mobile screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Penn Entertainment on Thursday became the first U.S. gambling company to post a profit in its sports betting business during the final three months of a year. Usually, it’s tougher … Read more

Mortgage rates drop to the 5% range for first time since September

Mortgage rates drop to the 5% range for first time since September

Prospective buyers at an open house in Florida. Mike Stocker | South Florida Sun Sentinel | Tribune News Service | Getty Images The average rate on the 30-year fixed rate mortgage has fallen to 5.99%, according to Mortgage News Daily. The housing market hasn’t seen the rate with a five handle since a brief blip … Read more

80% of workers who quit in ‘great resignation’ regret it: new survey

80% of workers who quit in ‘great resignation’ regret it: new survey

The “Great Regret” is the latest workplace trend to sweep the nation, with the majority of professionals who quit their jobs last year wishing they could get a do-over, according to a new survey. 2022 was another record year for quitting — 4.1 million workers left their jobs in December, bringing the grand total for … Read more

U.S. weekly jobless claims drop to nine-month low; productivity gains speed

U.S. weekly jobless claims drop to nine-month low; productivity gains speed

Weekly jobless claims drop 3,000 to 183,000 Continuing claims decrease 11,000 to 1.655 million Productivity accelerates at 3.0% rate in fourth quarter Unit labor costs grow at 1.1% pace WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week as the labor market … Read more