What Wall Street expects from Amazon, Apple earnings after the bell

What Wall Street expects from Amazon, Apple earnings after the bell

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…

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Mobileye’s quarterly revenue beats estimates, signaling demand recovery

(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…

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How stock market will react to Friday jobs report, according to JPMorgan

How stock market will react to Friday jobs report, according to JPMorgan

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…

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Russian court fines Google $2,000,000,000,000,000,000,000,000,000,000,000 for blocking YouTube content

Russian court fines Google $2,000,000,000,000,000,000,000,000,000,000,000 for blocking YouTube content

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…

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