Amazon Sees Surging Growth After Postpandemic Slowdown
The company’s first-quarter sales increased by 9% year-over-year to $127.4 billion, beating Wall Street projections. It posted $3.2 billion in quarterly profit, almost 50% higher than analysts expected.
Intel Suffers Largest-Ever Loss Amid PC Slump, Fierce Competition
The chip maker has embarked on cutting costs while pursuing a pricey turnaround effort.
Snap stock falls more than 20% on revenue miss
Revenue drops 7% to $988.6 million from $1.06 billion a year ago.
Lyft Says it Will Cut More Than 1,000 People in New Round of Layoffs
Lyft is cutting more jobs a little over a week after a new chief executive took over and following a round of 700 layoffs in November.
SpaceX Pushes to Quickly Launch Another Starship
The company believes it can repair damage to the launchpad used for its first Starship flight and will be ready to fly a second rocket by early summer, NASA’s leader said.
T-Mobile boosts its subscriber forecast for the year
T-Mobile US Inc. upped its subscriber expectations for the year as it topped 500,000 postpaid phone net additions in the first quarter.
Why No Buyer Has Emerged for First Republic
An acquisition of the beleaguered bank could carry costs well beyond the initial sticker price.
Vice Media Cuts Staff, Ends Vice News Tonight
The move is the latest recalibration for the once-hot Brooklyn upstart that has struggled for years to show rapid growth.
Gap to Eliminate 1,800 Corporate Jobs
The cuts, which are expected to result in $300 million in annualized savings, are happening mainly at the retailer’s San Francisco and New York headquarters.
State Attorneys General Lose Bid to Revive Facebook Antitrust Case
An appeals court said it wouldn’t revive a major antitrust case against Meta Platforms, handing a defeat to dozens of state attorneys general.
(END) Dow Jones Newswires
April 27, 2023 17:15 ET (21:15 GMT)
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