It may not have been a surprise to see the consumer discretionary sector of the S&P 500 get hammered last year amid talk of a looming recession while the Federal Read more
Tag: AMZN
Amazon confirms more than 18,000 layoffs, far more than originally expected
Amazon.com Inc.’s AMZN, -0.79% layoffs will affect more than 18,000 employees, the highest reduction tally revealed in the past year at a major technology company as the industry pares back Read more
Tesla stock wipes out three day bounce, hits lowest price in more than 2 years
It has taken just one day for Tesla Inc.’s stock to erase the entire bounce it enjoyed over the last three days trading sessions of 2022, as disappointing deliveries data Read more
These 20 stocks were the biggest losers of 2022
This has been the year of reckoning for Big Tech stocks — even those of companies that have continued to grow sales by double digits. Below is a list of Read more
‘Five days that killed the year’: These trading sessions accounted for 95% of the S&P 500’s losses in 2022
Just five trading sessions accounted for more than 95% of S&P 500 index losses in 2022, according to an analysis by Datatrek co-founder Nicholas Colas in a note published Wednesday, Read more
Tesla’s stock drop has been bad. But this company has hurt investors even more.
Elon Musk has been trying this week to defend Tesla’s abysmal stock performance in 2022. The electric vehicle giant has seen its stock plummet by 61% this year, making it Read more
Amazon to change marketplace policies in European Commission settlement
The European Commission said Amazon.com AMZN, -3.35% has agreed to change marketplace policies, in an agreement that concludes two investigations into its practices. No fine was announced. Amazon has agreed Read more
Best stock picks for 2023: Here are Wall Street analysts’ favored choices
Following a sharp and sustained rise in interest rates, U.S. stocks have taken a broad beating this year. But 2023 may bring very different circumstances. Below are lists of analysts’ Read more
Microsoft to buy stake in London Stock Exchange, which commits to spending billions on cloud services
Microsoft on Monday said it was investing in the London Stock Exchange in a deal that will see the stock exchange use the software giant’s data and cloud infrastructure. Microsoft Read more
Dow down by more than 450 points as Fed officials point to more rate hikes, China protests rattle markets
U.S. stocks tumbled on Monday as protests in China raised the risks to global growth and Federal Reserve policy makers said more interest-rate increases are needed to control inflation. How Read more