Month: February 2023
At least 8 dead as ice storm rages in the South, causing travel chaos and outages
Officials investigate an accident involving 18-wheelers on SH 130 south of Texas 71, in Austin, Texas, during an ice storm on Tuesday Jan. 31, 2023. Austin American-Statesman | AP A severe ice storm continues to sweep across parts of the South, causing chaos on roads that has been blamed for at least eight deaths, along with flight […]
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Chip shares rally on optimistic AMD earnings and Fed’s signal that inflation is easing
AMD Chair and CEO Lisa Su speaks at the AMD Keynote address through the Purchaser Electronics Clearly show (CES) on January 4, 2023 in Las Vegas, Nevada. Robyn Beck | AFP | Getty Illustrations or photos Semiconductor stocks rose on Wednesday on the back of AMD’s sturdy earnings report and following the Federal Reserve’s determination […]
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Bond king Jeffrey Gundlach says he expects a single extra Fed fee hike
DoubleLine Money CEO Jeffrey Gundlach said he sees one particular further amount hike from the Federal Reserve ahead of the central financial institution finishes its tightening cycle. “I assume a person additional,” Gundlach mentioned Wednesday on CNBC’s “Closing Bell: Extra time.” “I imagine it really is tough to make the assertion ‘ongoing increases’ with an ‘s’ at […]
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Stocks making the biggest moves after hours: Meta, Align Technology, e.l.f Beauty and more
Rafael Henrique | Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in after-hour trading. Meta — The Facebook parent jumped 17% after the company announced a $40 billion stock buyback when reporting quarterly results. Meta beat analysts’ estimates for fourth-quarter revenue, according to Refinitiv. Meta also said it lost $13.7 […]
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Fb-guardian Meta announces $40 billion stock buyback
Facebook’s CEO Mark Zuckerberg speaks throughout the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Pictures Fb parent Meta Platforms said in its quarterly earnings assertion on Wednesday that it has enhanced its share repurchase authorization by $40 billion. In 2022 the social network operator acquired again […]
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Meta shares jump 14% on improved-than-envisioned income
Anwar Almojarkesh (L) and Alan Chalabi (R) from England take a photograph at Meta (formerly Facebook) corporate headquarters in Menlo Park, California on November 9, 2022. Josh Edelson | AFP | Getty Images Meta shares poped in extended investing on Wednesday right after the enterprise claimed fourth-quarter revenue that topped estimates and introduced a $40 […]
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Meta dropped $13.7 billion on Actuality Labs in 2022 as Zuckerberg’s metaverse guess will get pricier
Mark Zuckerberg, main govt officer of Meta Platforms Inc., demonstrates the Meta Quest Pro for the duration of the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022. Michael Nagle | Bloomberg | Getty Pictures Mark Zuckerberg’s desire of a potential in the metaverse is costing buyers a boatload of funds. […]
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Intel execs make tiny reduce to their overall payment right after a disastrous quarter
Intel CEO Pat Gelsinger, with U.S. President Joe Biden (not pictured), announces the tech firm’s approach to build a $20 billion plant in Ohio, from the South Courtroom Auditorium on the White Dwelling campus in Washington, January 21, 2022. Jonathan Ernst | Reuters Intel executives will consider staggered foundation-pay out cuts just days immediately after […]
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Peloton shares surge 26% after fitness company posts subscription revenue growth
Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images Peloton said Wednesday its net loss narrowed year over year, and, for the third quarter in a row, subscription revenue was higher than sales of the company’s connected fitness products. CEO Barry McCarthy […]
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Peloton CEO doesn’t care that equipment is losing money, sees path forward in the app
Barry McCarthy speaks during an interview with CNBC on floor of the New York Stock Exchange (NYSE), October 28, 2019. Brendan McDermid | Reuters Peloton CEO Barry McCarthy told investors Wednesday he doesn’t care that the company is losing money on its Bike, Tread and Row equipment. The business’s “path to the promised land,” he […]
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