Amazon.com Inc. predicted Thursday that holiday sales and profit would come in well lower than analysts expected as cloud growth slowed and AWS profit missed expectations by nearly $1 billion, Read more
Tag: Corporate Actions
Amazon misses on holiday forecast and cloud growth, profit; stock plunges nearly 20%
Amazon.com Inc. showed its first quarterly profit of the year Thursday, but predicted that holiday sales and profit would come in well lower than analysts expected while cloud growth slowed, Read more
‘We have a deal’: EU bans new gas-fueled cars starting in 2035
The European Union reached a deal Thursday to effectively ban new gas-powered cars beginning in 2035. It’s a move seen as a key part of a broader plan to reduce Read more
Municipal bond yields are attractive now — here’s how to figure out if they are right for you
This has been an unusual year for financial markets, with stocks and bonds falling in tandem. For bonds, the declines mean yields have become viable again for income investors who Read more
How one man makes more than $1,000 a year by joining class-action lawsuits
As Americans contend with rising prices and bearish markets, they are undoubtedly thinking about ways to put a few extra dollars in their pockets. Well, here’s one that just netted Read more
Elon Musk: Twitter ‘obviously cannot become a free-for-all hellscape’
“The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be Read more
Kanye West loses billionaire status after Adidas cuts ties with him
Adidas became the latest organization to distance itself from artist Kanye West this week when it ended its partnership with the rapper after he recently made a series of controversial Read more
Altria takes on Juul, Philip Morris in smoke-free tobacco
Marlboro maker Altria Group Inc. said it is forming a partnership with Japan Tobacco Group to develop and sell heated tobacco devices in the U.S. and abroad. The move pits Read more
Credit Suisse bringing back ‘First Boston’ name as it plans up to 9,000 job cuts
Credit Suisse is bringing back the “First Boston” name after 17 years as the Swiss bank unveiled a sweeping restructuring that includes a big investment from Saudi Arabia, the sale Read more
Credit Suisse bringing back ‘First Boston’ name as it plans up to 9,000 job cuts
Credit Suisse is bringing back the “First Boston” name after 17 years as the Swiss bank unveiled a sweeping restructuring that includes a big investment from Saudi Arabia, the sale Read more