U.S. stock indexes gained on Friday after strong earnings updates from Exxon and Intel dwarfed worries over Amazon's slowdown warning, while economic data bolstered expectations that the Federal Reserve would hike interest rates next week.
What happened
Shares of image-browsing platform Pinterest (NYSE: PINS) were punished on Friday after the company reported financial results for the first quarter of 2023. At 11:45 a.m. ET, Pinterest stock was down 18%.
Amazon.com AMZN reported first-quarter 2023 earnings of 31 cents per share, beating the Zacks Consensus Estimate by 47.6%. Further, the figure compares favorably with a loss of 38 cents per share reported in the year-ago quarter.AMZN’s net income, totaling $3.2 billion, i
Fintel reports that on April 28, 2023, Telsey Advisory Group reiterated coverage of Amazon.com (NASDAQ:AMZN) with a Outperform recommendation. Analyst Price Forecast Suggests 23.37% Upside
Fintel reports that on April 28, 2023, JP Morgan maintained coverage of Amazon.com (NASDAQ:AMZN) with a Overweight recommendation. Analyst Price Forecast Suggests 23.37% Upside
Fintel reports that on April 28, 2023, Wolfe Research maintained coverage of Amazon.com (NASDAQ:AMZN) with a Outperform recommendation. Analyst Price Forecast Suggests 23.37% Upside
Fintel reports that on April 28, 2023, Baird maintained coverage of Amazon.com (NASDAQ:AMZN) with a Outperform recommendation. Analyst Price Forecast Suggests 23.37% Upside
Fintel reports that on April 28, 2023, Needham reiterated coverage of Amazon.com (NASDAQ:AMZN) with a Buy recommendation. Analyst Price Forecast Suggests 23.37% Upside
In early trading on Friday, shares of Intel topped the list of the day's best performing components of the Nasdaq 100 index, trading up 6.9%. Year to date, Intel registers a 20.8% gain.
In this video, I will be going over Amazon's (NASDAQ: AMZN) first-quarter earnings results, which showed the underlying strength of the business and the positive effect of the ongoing cost cuts; however, the cloud business is slowing down.
Artificial intelligence (AI) permeated industries for years, but the release of ChatGPT thrust it into the limelight. It's the talk of the investment community and around the water coolers across the country. But what exactly is it?
Amazon.com Inc shares fell nearly 5% on Friday after the company warned its lucrative cloud services business slowed further in April, fuelling concerns that the long-time growth driver was struggling with a pullback in technology spending.
Wall Street's main indexes opened lower on Friday after Amazon warned about a slowdown in its cloud business, while strong inflation data cemented bets that the Federal Reserve will hike interest rates again next week.
Wall Street was set to open lower on Friday after Amazon warned about a slowdown in its cloud business, while strong inflation data cemented bets that the Federal Reserve will hike interest rates again next week.
Today, artificial intelligence (AI) and Big Data are driving the sports industry well beyond the use of LED lights, advertising potential, or even instant replay.
The NASDAQ 100 Pre-Market Indicator is down -40.66 to 13,119.37. The total Pre-Market volume is currently 31,565,195 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro Short QQQ (SQQQ) is +0.24 at $29.80, with 3,024,839 shares t
Below is Validea's guru fundamental report for AMAZON.COM, INC. (AMZN). Of the 22 guru strategies we follow, AMZN rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhi
U.S. stock index futures dipped on Friday as Amazon's warning about a slowdown in its cloud business and downbeat forecasts from Snap and Pinterest dented Wall Street sentiment, while investors awaited a key inflation report later in the day.
The video streaming business of Mukesh Ambani, Asia's richest person, is likely to focus on pricing and local content following a deal with Warner Bros as it seeks to challenge the likes of Disney and Netflix, industry sources said.
Futures for Canada's main stock index fell on Friday, as gold lost ground and downbeat mood on Wall Street after disappointing overnight forecasts spilled over.