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Amazon shares jump 7%, approach record after earnings beat
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon shares jumped 7% on Friday and neared an all-time high after the company reported better-than-expected earnings, driven by growth in its cloud computing and advertising businesses. The stock is […]
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Nasdaq 100 futures rise as investors parse latest tech earnings, await jobs data: Live updates
Traders work on the floor of the New York Stock Exchange. NYSE Nasdaq 100 futures advanced Thursday night as traders analyzed major earnings reports in the runup to the all-important jobs report. Futures tied to the tech-focused index added 0.4%. Dow Jones Industrial Average futures climbed 141 points, or 0.3%. S&P 500 futures ticked up […]
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CNBC Daily Open: Big Tech needs to go beyond beating earnings expectations
A Microsoft store in New York, US, on Friday, Oct. 25, 2024. Jeenah Moon | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You […]
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Wealth manager for the super-rich names 3 stocks to buy before the year-end
Equity markets rallied this year, as investors remained bullish on Big Tech but also scooped up shares in under-the-radar companies. Ongoing political tensions and macroeconomic uncertainty have nevertheless raised questions over which sectors — and stocks — will outperform during the rest of the year . CNBC Pro touched base with Kevin Teng, CEO of […]
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CNBC Daily Open: For Big Tech, beating earnings expectations is not enough
Microsoft Corp. signage in New York, US, on Friday, Oct. 25, 2024. Jeenah Moon | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You […]
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Amazon CEO pledges AI investments will pay off as capital expenditures surge 81%
Amazon CEO, Andy Jassy speaking with CNBC’s Jim Cramer on Mad Money in Seattle, WA. on Dec. 6th, 2023. CNBC Amazon CEO Andy Jassy is trying to reassure investors who may be worried about the future payoff of the company’s massive investments in generative artificial intelligence. On a conference call with analysts following the company’s […]
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Boeing, union reach sweetened contract offer in bid to end strike, vote scheduled for Monday
Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing strike in Renton, Washington, U.S. October 23, 2024. David Ryder | Reuters Boeing and its […]
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BlackRock launches ETF that expands beyond the ‘Magnificent Seven’
ETF Edge BlackRock launches ETF that expands beyond the ‘Magnificent Seven’ Published Thu, Oct 31 20247:00 PM EDTUpdated 54 Min Ago Krysta Escobar WATCH LIVE Source
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Amazon’s cloud unit records highest profit margin in at least a decade
Matt Garman, CEO of Amazon Web Services, speaks during The Wall Street Journal’s Tech Live conference in Laguna Beach, California, on Oct. 21, 2024. Frederic J. Brown | AFP | Getty Images Amazon said revenue in its cloud unit increased 19% in third quarter, just missing analyst estimates. Revenue at Amazon Web Services totaled $27.45 […]
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Amazon’s advertising business grew 19% in the third quarter
Dominika Zarzycka | Nurphoto | Getty Images Amazon’s online advertising business brought in $14.3 billion in the third quarter, up 19% year over year, in line with analysts’ estimates of $14.3 billion. The Seattle tech giant revealed the financial results of its growing advertising unit as part of its latest earnings report Thursday. Amazon’s overall […]
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