Saregama India reported a 36% increase in second-quarter profit on Monday, as the record label licensed more movie songs to its streaming partners following a rebound in the country's film industry.
On Friday, shares of Amazon (NASDAQ: AMZN) declined 6.8% following the e-commerce and cloud computing leader's release of its third-quarter 2022 results on the prior afternoon. The company's quarterly revenue and earnings missed Wall Street's expectations. But the biggest reason
Despite issues, big tech stocks are incredibly resilient investments. With the global economy up against inflation, war in Ukraine, and a possible recession in 2023, many tech and software stocks keep chugging higher. Microsoft's (NASDAQ: MSFT) fiscal 2023 first-quarter earnings
Amazon's (NASDAQ: AMZN) stock price tumbled 13% during after-hours trading on Thursday, Oct. 27, after the e-commerce and cloud giant posted its third-quarter earnings report. Its revenue rose 15% year over year (and grew 19% in constant currency terms) to $127.1 billion, but tha
Shares of e-commerce specialist, Shopify (NYSE: SHOP) shot up on Thursday, Oct. 27. Investors were responding to a third-quarter earnings report that was far better than expected. The following day, shares of Shopify's largest competitor, Amazon (NASDAQ: AMZN), fell about 10% in
Some companies are often good indicators of the overall health of the economy. For example, large retailers can often signal the strength of consumer spending, which is the biggest component of gross domestic product (GDP). Although it's not a retailer, Prologis (NYSE: PLD) is an
The market has been moving in and out of bear territory over the past few months as investors assess conflicting signs about how the economy is doing. Inflation is still high, and many consumer goods companies have been raising prices to offset costs. It's not surprising that the
It has been a brutal year for the stock market, but downturns like the current one are often the best time to invest. In theory, because valuations are depressed, investors have the opportunity to buy shares of quality companies at a bargain and watch their positions grow.
Higher inflation has been weighing on Amazon's (NASDAQ: AMZN) e-commerce business for about a year. But the company's other big business -- cloud computing services -- has defied the pressure, continuing to grow both revenue and operating income.
In a busy week of big tech earnings, investors turned their attention to Meta Platforms META and its dreadful Q3 earnings report. META missed earnings expectations by -13% at $1.64 per share. This was after Altimeter Capital called for the company to focus on its core bus
The earnings bombshells from Amazon AMZN and Meta META and sub-par releases from Alphabet GOOGL and Microsoft MSFT have forced us all to revisit our long-held assumptions about the sustainability of these technology leaders’ earnings power.
A robust, broad-based rally sent Wall Street to a sharply higher close on Friday as encouraging economic data and a sunnier earnings outlook fueled investor risk appetite ahead of next week's much-anticipated two-day policy meeting of the Federal Reserve.
A robust, broad-based rally sent Wall Street to a sharply higher close on Friday as encouraging economic data and a rosier earnings outlook boosted investor risk appetite ahead of next week's much-anticipated two-day policy meeting of the Federal Reserve.
Consumer stocks were ending broadly mixed on Friday, with the SPDR Consumer Staples Select Sector ETF (XLP) climbing 2.2% and the SPDR Consumer Discretionary Select Sector ETF (XLY) sinking 0.1%.
Amazon.com AMZN reported third-quarter 2022 earnings of 28 cents per share, declining 9.7% year over year.AMZN’s net income, totaling $2.9 billion, is inclusive of a pretax valuation gain of $1.1 billion in the non-operating income associated with its investment in Rivian
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