Wall Street faces another key litmus test Thursday with earnings results from megacap technology giants Apple and Amazon . The Nasdaq slumped 2% after Microsoft issued disappointing revenue guidance and Meta Platforms warned of heightened AI-related costs . Both tech giants fell Thursday, despite topping Wall Street’s estimates. Capital expenditures remain top of mind for…
This article was first published on November 2, 1999 By Angela Li and Stella Lee $21b Disney park deal sealed A $21 billion deal has been hammered out between the Government and Disney for a theme park on Lantau, it was disclosed last night. A $14 billion joint venture will be set up to pay…
Texas hospitals must ask patients starting Friday whether they are in the U.S. legally and track the cost of treating people without legal status following an order by Republican Gov. Greg Abbott that expands the state’s clash with the Biden administration over immigration. Critics fear the change could scare people away from hospitals in Texas,…
(Reuters) -Driving assistance systems supplier Mobileye Global reported better-than-expected quarterly revenue on Thursday, signaling a recovery in demand from automakers who have had a glut of their sensors and related hardware. Automakers globally have refrained from augmenting their inventories over the past few quarters as weak consumer spending led to production cuts and, therefore, fewer…
Did you work a side hustle or freelance gig this year and get paid through PayPal, Venmo, Cash App or another third-party payment app? If so, you may have new rules to follow when filing your tax return next year. You’ll receive tax form 1099-K if you earned more than $5,000 in untaxed income in 2024 and were…
CNN — If God was the vote counter, Donald Trump says he’d win in a landslide. The Republican nominee suggested on Thursday that divine intervention in next week’s election would reveal him as the rightful winner of even Democratic bastions like California. On one level, Trump’s comment shows how his false election fraud claims have…
BEIJING (AP) — Typhoon Kong-rey weakened to a tropical storm overnight and was forecast to bring heavy rain and high winds to Shanghai and other parts of China’s east coast Friday. The storm crossed Taiwan at typhoon strength on Thursday, bringing down trees and causing landslides that covered roads and damaged houses. Two people died…
JPMorgan’s trading desk has some ideas on how much the stock market might move following Friday’s all-important jobs report. Friday’s data on nonfarm payrolls, the unemployment rate and wages are the last major economic release before next week’s presidential election and Federal Reserve policy meeting. Economists polled by Dow Jones expect jobs to have grown…
TikTok fined $2.4 million SUGGESTED: TikTok was fined for not providing accurate and specific safety data. A Russian Court fined Menlo Park, California-based Google $2 decillion, which continues to grow each day over penalties for non-payment, for blocking content on YouTube, according to reports. Russian state news agency Tass reported that Google owes the Russian…
(Reuters) – Juniper Networks, which is being bought by Hewlett Packard Enterprise, beat Wall Street estimates for third-quarter revenue and profit on Thursday, aided by demand for its networking equipment. Sunnyvale, California-based Juniper is benefiting from strong demand from cloud computing firms as they invest heavily to bolster AI infrastructure. For the third quarter, the…