TikTok CEO announces $2 billion investment in user safety
TikTok CEO Shou Chew has announced a $2 billion investment to ensure the safety of its 170 million monthly active users in the US. This move comes as part of a broader effort by social media platforms to protect young…
Starbucks quarterly earnings and revenue miss Wall Street expectations
Starbucks reported quarterly earnings and revenue that missed Wall Street’s expectations as both domestic and international sales fell short of estimates. CEO Laxman Narasimhan said on the company’s conference call that the chain faced “headwinds,” including a boycott in the…
AMD Reports Better-Than-Expected Q4 Financial Results
AMD, a leading chipmaker, has reported better-than-expected financial results for the fourth quarter, with an earnings per share (EPS) of $0.77, matching analyst estimates. The company’s revenue stood at $6.2 billion, surpassing the consensus estimate of $6.13 billion. As a…
Tech and Retail Stocks Surge After Hours
Stocks in the technology and retail sectors experienced significant movement after hours on Tuesday. Leading the pack were Microsoft, Alphabet, Starbucks, and AMD, among others. Microsoft saw a 3% surge after reporting its fiscal second-quarter earnings, surpassing Wall Street’s expectations….
Notable Companies Set to Report Earnings After Market Close
Several notable companies are set to report their earnings after the market close today, with earnings consensus as follows: Microsoft (MSFT) with a consensus of $2.57, Alphabeth (GOOGL) with a consensus of $1.47, AMD (AMD) with a consensus of 71c,…
Toyota Recalls 50,000 Older Vehicles in US Due to Airbag Concerns
Toyota has issued a recall for 50,000 older vehicles in the US due to concerns over airbag inflators made by Takata. The carmaker has urged owners of the affected models, spanning from 2003 to 2005, to seek immediate repairs to…
Jim Cramer Confident in Potential Gains for SLB and Halliburton Stocks
CNBC’s Jim Cramer recently reviewed the performance of oil service stocks following the release of earnings reports by major players in the sector. Cramer expressed confidence in the potential for gains in stocks such as SLB and Halliburton. After analyzing…
Premarket Trading Sees Significant Moves from UPS, General Motors, Whirlpool, and Spotify
Stocks are making significant moves in premarket trading, with companies such as UPS, General Motors, Whirlpool, and Spotify standing out. This indicates potential shifts in the market before the official trading day begins. UPS, a prominent player in the logistics…
US Consumer Confidence Hits Highest Level Since Dec. 2021
US Consumer Confidence Hits Highest Level Since Dec. 2021 US consumer confidence rose in January to its highest level for more than two years. The public’s optimism surpassed any point since the Federal Reserve began hiking interest rates. The Fed’s…
Swiss Aviation Company Plans to Develop Hydrogen-Powered VTOL Jet
A Swiss aviation company, Sirius Aviation, has announced plans to develop a hydrogen-powered VTOL (vertical takeoff and landing) jet, aiming to create a high-performance, zero-emission aircraft propelled by a hydrogen-electric propulsion system. The company intends to introduce two versions of…