Topline Amazon founder Jeff Bezos overtook Oracle co-founder and chief technology officer Larry Ellison as the second richest person in the world on Forbes’ real-time billionaires rankings, behind Elon Musk, after shares of Amazon jumped Friday. Jeff Bezos in New York City in 2021. (Photo by Michael M. Santiago/Getty Images) Getty Images Key Facts Shares…
Good morning. Apple’s earnings underwhelm but Amazon comes in strong. We look at how money (lots of it) influences the US political system. And time to dive into our annual survey of global wine regions. Listen to the day’s top stories. Apple disappointed investors with a tepid sales forecast and lingering concerns about the intensely…
Peloton (PTON) raised profit guidance for the full year after beating revenue estimates for its fiscal first quarter. Peloton stock rocketed to a new high on Thursday. The bike, treadmill and rowing machine maker also said it has appointed Peter Stern, a Ford (F) executive and the co-founder of Apple (AAPL) Fitness+, to be its…
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…
Online retailer MercadoLibre (MELI) sits solidly in a flat base with the company’s earnings report around the corner. Sometimes referred to as the Amazon.com (AMZN) of Latin America, MercadoLibre operates the largest online marketplace in Brazil, Mexico, Argentina and 15 other Latin American countries. It reported 57 million unique active buyers on its e-commerce platform as…
Intel (INTC) late Thursday posted a larger-than-expected loss for the chipmaker’s third quarter on sales that were slightly above views. Intel stock jumped in extended trading as its fourth-quarter outlook was better than feared. The Santa Clara, Calif.-based company lost 46 cents a share on sales of $13.28 billion in the September quarter. Analysts polled…