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

Corporate Layoffs Spread Beyond High-Growth Tech Giants – The Wall Street Journal

Corporate Layoffs Spread Beyond High-Growth Tech Giants – The Wall Street Journal

Corporate Layoffs Spread Beyond High-Growth Tech Giants  The Wall Street Journal Why are so many tech companies laying people off right now?  The Verge Analysis | Big Tech Binged on Workers During Covid. Now, the Purge.  The Washington Post Dow Layoffs 2023: What to Know About the Latest DOW Job Cuts  InvestorPlace View Full Coverage on Google News

IBM posts biggest annual sales increase in more than a decade, announces layoffs

IBM posts biggest annual sales increase in more than a decade, announces layoffs

International Business Machines Corp. increased revenue more than 6% in 2022, the biggest sales increase for Big Blue in more than a decade, but its stock fell in extended trading Wednesday. Chief Executive Arvind Krishna said on IBM’s IBM, -0.52% earnings call that the company saw “revenue growth across segments and geographies,” and attributed that … Read more

Microsoft's Cloud Doesn't Quite Cover All – The Wall Street Journal

Microsoft's Cloud Doesn't Quite Cover All – The Wall Street Journal

Microsoft’s Cloud Doesn’t Quite Cover All  The Wall Street Journal

Microsoft Earnings Fell Last Quarter Amid Economic Concerns

Microsoft Earnings Fell Last Quarter Amid Economic Concerns

Business Earnings Software giant’s revenue growth slowed to a more than six-year low as demand for cloud services cooled

Opinion: The cloud boom has hit its stormiest moment yet, and it is costing investors billions

Opinion: The cloud boom has hit its stormiest moment yet, and it is costing investors billions

The cloud boom has finally reached a resting altitude, but Wall Street is doing anything but resting. Amazon.com Inc. AMZN, -4.06%, the original pioneer in cloud computing, confirmed Thursday what rivals Microsoft Corp. MSFT, -1.98% and Alphabet Inc. GOOGL, -2.85% GOOG, -2.34% suggested with their earnings reports earlier in the week: Cloud-computing growth has finally … Read more

Google in Talks to Invest $200 Million Into AI Startup

Google in Talks to Invest 0 Million Into AI Startup

Alphabet Inc.’s GOOG 0.94% Google is in talks to invest at least $200 million into artificial intelligence startup Cohere Inc., according to people familiar with the matter, another sign of the escalating arms race among large technology companies in the sector.  Founded in 2019, Cohere creates natural language processing software that developers can then use … Read more

These 11 stocks can lead your portfolio’s rebound after the S&P 500 ‘earnings recession’ and a market bottom next year

These 11 stocks can lead your portfolio’s rebound after the S&P 500 ‘earnings recession’ and a market bottom next year

This may surprise you: Wall Street analysts expect earnings for the S&P 500 to increase 8% during 2023, despite all the buzz about a possible recession as the Federal Reserve tightens monetary policy to quell inflation. Ken Laudan, a portfolio manager at Kornitzer Capital Management in Mission, Kan., isn’t buying it. He expects an “earnings … Read more

TikTok Parent ByteDance Plans Music-Streaming Expansion

TikTok Parent ByteDance Plans Music-Streaming Expansion

TikTok parent ByteDance Ltd. has begun talks with music labels about expanding its music-streaming service globally to compete with industry leaders including Spotify Technology SA, according to people with the discussions. Significant hurdles remain in the negotiations, the people said, but ByteDance wants the service to eventually be integrated within TikTok and to serve as … Read more

Opinion: Micron earnings suggest the chip downturn could be worse than Wall Street expects

Opinion: Micron earnings suggest the chip downturn could be worse than Wall Street expects

Micron Technology Inc. executives warned about a semiconductor downturn in late June, but now say that a “sharp and sudden” drop in demand exceeded even those expectations, suggesting the current chip glut could get a lot worse. Micron MU, -1.94% reported a worse-than-expected fiscal fourth quarter Thursday, with revenue plunging 23% from last year, but … Read more