Month: August 2024
Amazon’s advertising business grew 20% in the second quarter
Future Publishing | Future | Getty Images Amazon’s online advertising business brought in $12.77 billion during the second quarter, marking a 20% year-over-year increase, but missing analysts’ estimates. Amazon disclosed the latest quarterly financial results of its online advertising unit on Thursday when it reported its second-quarter earnings. The company’s overall second-quarter sales were $147.98 […]
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Amazon’s cloud unit reports 19% revenue growth, topping estimates
Amazon Web Services CEO Matt Garman speaks during CNBC Power Lunch on July 1, 2024. CNBC Amazon said Thursday that revenue in its cloud division increased 19% in the second quarter, beating analysts’ estimates. The company reported revenue for Amazon Web Services of $26.28 billion. Analysts surveyed by StreetAccount had expected $26.02 billion. AWS is […]
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Snap shares plunge more than 20% on weak guidance
Evan Spiegel, co-founder and CEO of Snap Inc., during the Bloomberg Technology Summit in San Francisco on May 9, 2024. David Paul Morris | Bloomberg | Getty Images Snap shares fell more than 20% in extended trading on Thursday after the company reported guidance for the third quarter that trailed analysts’ estimates. Here is how […]
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Intel to cut 15% of headcount, reports quarterly guidance miss
Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024. I-hwa Cheng | AFP | Getty Images Intel shares slid 12% in extended trading on Thursday after the chipmaker said Thursday it would lay off over 15% of its employees as […]
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Here’s everything you need to know about Friday’s big jobs report
People line up as they wait for the JobNewsUSA.com South Florida Job Fair to open at the Amerant Bank Arena on June 26, 2024, in Sunrise, Florida. Joe Raedle | Getty Images The U.S. labor market may have cooled some in July, as a gradual slowdown in the economy and Hurricane Beryl are expected to […]
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Pennsylvania Gov. Shapiro cancels Hamptons trip, days before expected Harris VP reveal
Pennsylvania Gov. Josh Shapiro holds a rally with Michigan Gov. Gretchen Whitmer (not pictured) in support of U.S. Vice President Kamala Harris’ Democratic presidential election campaign in Ambler, Pennsylvania, on July 29, 2024. Rachel Wisniewski | Reuters Pennsylvania Gov. Josh Shapiro has canceled a trip to the ritzy New York beach enclave of the Hamptons, as […]
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Crypto slides to begin August trading, nearly erasing its July gain
A visual representation of the cryptocurrency bitcoin in London, England, on Nov. 20, 2018. Jordan Mansfield | Getty Images Stock Chart IconStock chart icon Bitcoin tumbles with stocks on Thursday Disappointing data out Thursday fueled investor worries that the U.S. economy could be at risk of a recession — a day after the Federal Reserve […]
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Meta shares pop 6% on earnings beat, rosy revenue forecast
Jaques Silva | Lightrocket | Getty Images Meta shares jumped 6% on Thursday after the company reported second-quarter earnings that beat Wall Street’s expectations and offered a rosy revenue forecast. Revenue in the period increased 22% to $39.07 billion from $32 billion a year earlier, Meta said late Wednesday. Analysts were expecting revenue of $38.31 […]
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Elon Musk sued by ex-CNN anchor Don Lemon over canceled X deal
Elon Musk (L) & Don Lemon Reuters (L) | Getty Images (R) Former CNN anchor Don Lemon sued Elon Musk on Thursday, accusing him of making false promises to entice the journalist into a canceled deal to host a show on the billionaire’s social media platform. The lawsuit alleges that Musk — who bought Twitter […]
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Venu, a $42.99 per month sports streamer, has a tough marketing challenge to find an audience
Actor Jon Hamm playing Don Draper in Mad Men. Michael Yarish | AMC | AP Call Don Draper, Venu Sports may have a marketing problem The Disney, Fox and Warner Bros. Discovery jointly-owned streaming service said Thursday it will launch this fall at $42.99 per month. That’s much more expensive than Netflix, Max, Peacock or […]
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