Category: Latest News
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Mastercard 4Q Profit Rises as Consumers Continue to Spend
In the last quarter of 2023, Mastercard (NYSE:MA) reported increased earnings and revenue, driven by high consumer spending during the holiday season. The credit card giant announced a profit of $2.79 billion, or $2.97 per share, up from $2.53 billion, or $2.62 per share, in the corresponding quarter of the previous year. After adjustments for…
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Private Sector Job Growth Slowed, Oil Inventories Report Due
Private sector job growth in the U.S. slowed by more than expected in the month of January, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment rose by 107,000 jobs in January after climbing by a downwardly revised 158,000 jobs in December. Economists had expected private sector employment…
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Disappointing Tech Earnings News May Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to move to the downside following the mixed performance seen in the previous session. Technology stocks may extend the notable pullback seen on Tuesday, as reflected by the 1.0 percent slump by the Nasdaq 100 futures. A steep…
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Alphabet 4Q23: Profit Rises, But Shares Fall Due To Advertising Revenue Below Expectations
Alphabet (NASDAQ:GOOGL) shares experienced a drop of up to 6% in pre-market trading on Wednesday (31), after the company released fourth-quarter results. While it posted earnings per share of $1.64, beating LSEG (formerly Refinitiv) expectations, and revenue of $86.31 billion, slightly above estimates, advertising revenue of $65.52 billion was below expectations. YouTube, which has been…
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Microsoft beats expectations with strong AI-driven growth in Q3 results
At the end of trading on Tuesday (30), Microsoft (NASDAQ:MSFT) presented fiscal third-quarter results for December, surpassing Wall Street estimates and demonstrating significant progress in its artificial intelligence (AI) strategy. The company reported total revenue of $62 billion, beating estimates by about $1 billion. Earnings per share were $2.93, above analyst expectations of $2.76 per…
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AMD: EPS up 12% in Q4
AMD – Advanced Micro Devices (NASDAQ:AMD) on Tuesday evening reported fourth-quarter 2023 adjusted EPS (non-GAAP) up 12% to 77 cents and adjusted gross margin stable at 51%, on revenues up 10% to 6.17 billion. “We ended 2023 on a strong note, thanks to record quarterly sales of AMD Instinct GPUs and EPYC CPUs, as well…
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U.S. Futures Waver Ahead of Fed Decision Amid Mixed Corporate Earnings; Oil Prices Slide
U.S. futures are mixed in Wednesday’s pre-market ahead of the Federal Reserve announcement, with expectations focused on interest rate maintenance and future monetary policy guidance by Jerome Powell. Meanwhile, Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT) are experiencing declines following mixed results. As of 05:37 AM, Dow Jones futures (DOWI:DJI) rose by 25 points, or 0.06%. S&P…
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Walmart’s Stock Split, Elon Musk’s Billion-Dollar Package Revoked, and More
Walmart (NYSE:WMT) – Walmart announced a 3-for-1 stock split as part of its review of trading levels and spread. This will increase the shares in circulation to approximately 8.1 billion, with distribution after the close on February 23. Tesla (NASDAQ:TSLA) – Elon Musk’s $55 billion compensation package at Tesla Inc. was voided by a Delaware…
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Dow Reaches New Record High But Nasdaq Gives Back Ground
After ending Monday’s session firmly in positive territory, the major U.S. stock indexes turned in a mixed performance during trading on Tuesday. While the tech-heavy Nasdaq showed a notable pullback, the Dow climbed to a new record closing high. The Dow ended the day up 133.86 points or 0.4 percent at 38,467.31, while the Nasdaq…
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Crypto: Abracadabra Finance Assets Affected by Hack, Invesco and Galaxy Reduce Fees, and More
Jump in Solana’s transaction volume in January The Solana blockchain witnessed a significant increase in transaction volume in January, reaching $951.9 billion, a 30% growth compared to December’s volume. This surge marks a significant recovery in network activity, surpassing the levels of 2022 and 2023 by a wide margin. Contributing to this wave, the value…