Two years after Apple introduced an encrypted storage feature for iPhone users, the company is pulling those security protections in Britain rather than comply with a government request that it create a tool to give law enforcement organizations access to customers’ cloud data. Starting on Friday, iPhone users in Britain will begin seeing a message…
Amazon.com (AMZN, Financial) shares plunged sharply in extended trading on Thursday following weaker-than-expected growth in its cloud computing division and a disappointing Q1 revenue forecast. The stock fell up to 5% in after-hours tradingerasing nearly $90 billion in market valuebefore settling at a 4.2% drop. CFO Brian Olsavsky said capital expenditures for 2025 will remain…
Amazon reported better-than-expected earnings and revenue for the fourth quarter, but it gave disappointing guidance for the current period. The stock slipped more than 5% in extended trading. Here’s what the company reported compared with what Wall Street was expecting: Earnings per share: $1.86 vs. $1.49 expected, according to LSEG Revenue: $187.79 billion vs. $187.30…
Alibaba Group Holding has been named the world’s most admired Chinese internet and retail company, according to the latest rankings by US business magazine Fortune, as the technology giant unveils an artificial intelligence (AI) model aimed at competing with China’s hottest start-up, DeepSeek. The Hangzhou-based company, owner of the South China Morning Post, came third…
It didn’t take long for Palantir stock to rally back near highs after a quick pullback to the 50-day moving average. Palantir Technologies (PLTR) headlines another busy week of earnings in the technology sector, along with Amazon.com (AMZN), Google parent Alphabet (GOOGL) and Fortinet (FTNT). Other top-performing growth stocks on the earnings calendar include Apollo…
Dow Jones futures edged lower after hours, along with S&P 500 futures and Nasdaq futures. The Federal Reserve meeting will conclude Wednesday but the attention will quickly turn to Tesla (TSLA), Meta Platforms (META), Microsoft (MSFT) and ServiceNow (NOW), due Wednesday night. The stock market rebounded Tuesday, with the Nasdaq leading after Monday’s AI-led losses. AI…
Meta Platforms (META) Chief Executive Mark Zuckerberg on Friday called 2025 “the defining year of AI,” saying the tech giant plans to invest between $60 billion and $65 billion in capital expenditures. That’s more spending that analysts had forecast, but Meta stock still gained in Friday trading. ↑ X NOW PLAYING Zuckerberg Is Investing Billions…
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally had a strong week to start President Donald Trump’s return to the White House, though Friday saw tech-led losses. Many leading stocks flashed buy signals or extended runs. Magnificent Seven stocks Tesla (TSLA), Meta Platforms (META),…
Twilio (TWLO) stock jumped in late trading after the communications software maker gave an optimistic long-term profit forecast and reported preliminary fourth quarter results. ↑ X NOW PLAYING Software Sector AI Monetization In 2025: What Investors Can Expect In a filing late Thursday, Twilio said it expects to report Q4 sales growth of 11% year-over-year…
Meta Platforms (META) stock got a pair of price target hikes from analysts Thursday ahead of the Facebook parent’s fourth-quarter earnings results due next week. Wedbush analysts reiterated an outperform rating for Meta stock and raised their Meta price target from 680 to 700. Lead analyst Scott Devitt cited “positive momentum into 2025” for the…