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Alibaba‘s (NYSE: BABA) stock price dropped by 6% on Feb. 7 following the release of its latest earnings report for the third quarter of fiscal 2024, which concluded on Dec. 31, detailing a 5% year-over-year rise in revenue to 260.35 billion yuan ($36.67 billion). This surpassed analysts’ estimates by $270 million. Meanwhile, its adjusted earnings ...
Editor’s note: This story has been updated to remove an offensive Reddit username. Recently, a Redditor sparked a discussion on Meta Platforms Inc META, the parent company of Facebook, about its announced $50 billion buyback. The question at the center of the debate: Is it good or bad? Related: Unveiling Meta’s Game-Changing Dividend And A ...
It was an eventful week for Apple Inc., with the spotlight on Apple’s latest mixed reality headset, the Vision Pro. The week teemed with stories of a Tesla driver flouting road safety rules, German customs confiscating Vision Pros, and a lawsuit involving Apple CEO Tim Cook. Meanwhile, iPhone shipments dominated the smartphone market, and the ...
Take-Two Interactive Software, Inc. TTWO shares are down Friday after the company reported its third-quarter financial results after the bell on Thursday. Here’s a look at what’s going on. The Drop in Numbers: Take-Two reported third-quarter total net bookings of $1.34 billion, down 3% year-over-year. The company reported GAAP net revenue of $1.37 billion, also ...
She’s at it again: Cathie Wood, the head of Ark Invest, issnapping up shares of Tesla (NASDAQ: TSLA) with purchases worth more than $160 million so far in 2024. Is it a brilliant move or a huge mistake? Here’s what you need to know. Cathie Wood Accelerates Purchase of Tesla Stock As noted above, Wood ...
Photographer: dzika_mrowka/iStock via Getty Images The Environmental Protection Agency has recently finalized more stringent standards for soot emissions produced by power plants and factories, further dimming the prospects for the beleaguered U.S. coal industry. The new regulation mandates that states monitor air quality and adhere to a revised standard of 9 micrograms of soot per ...
Apple (NASDAQ: AAPL) made a remarkable product launch last week with the unveiling of the Apple Vision Pro, a virtual/augmented reality (VR/AR) headset, or “spatial computer” as described by Apple. This new product is powered by the same chip in the MacBook Air, enabling the Vision Pro to handle various computing tasks, from web browsing ...
Microsoft’s Assertive Stance Microsoft Corp. MSFT has directly responded to the Federal Trade Commission’s (FTC) claims regarding layoffs following the acquisition of Activision. FTC Criticism and Microsoft’s Counterargument The rift ignited when the FTC condemned Microsoft’s 1,900 layoffs, contending that they clashed with earlier promises made during the antitrust trial. In a rejoinder, Microsoft vehemently ...
Artificial intelligence (AI) has undeniably reshaped the market landscape, catalyzing a remarkable rally in 2023 that steered Wall Street clear of bear market terrain. The advent of generative AI, in particular, is touted to unlock a surge in productivity, with market speculations pegging its potential value starting at a trillion dollars. This colossal opportunity has ...
Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. The S&P 500 index soared past 5,000 points this week, hitting new highs fueled by AI optimism, with both the S&P 500 and Nasdaq 100 marking their 14th positive week in the past 15 ...
