Investors will be closely watching whether worries about an economic slowdown dent corporate profits, and lead to further layoffs. Story Published at: April 13, 2023 at 01:01PM Continue Reading…
Earnings Season Arrives With Recession Fears Front and Center
A Recession Warning Spooks the Market
Investors were alarmed at suggestions by Jerome Powell, the Federal Reserve’s chairman, that interest rates could go even higher in a bid to halt inflation. Story Published at: March 8, 2023 at 01:21PM Continue Reading…
The Heat on Salesforce Grows Ahead of a Big Earnings Call
The software giant faces mounting pressure from activist investors and pushback from employees unhappy about a wave of firings and the scaling back of office perks. Story Published at: March 1, 2023 at 01:01PM Continue Reading…
Tech Earnings Give a Wake-Up Call to Investors
Apple, Amazon and Alphabet all reported disappointing quarterly results, as they emphasized efforts to cut costs in the face of an economic slowdown. Story Published at: February 3, 2023 at 01:08PM Continue Reading…
Tesla Bulls Are Back at the Wheel
Shares in the electric carmaker continued to rally after the company reported strong profits, even amid growing competition and economic pressures. Story Published at: January 26, 2023 at 12:36PM Continue Reading…
Live Nation Faces a Skeptical Senate
The company’s grip on ticket sales, and its move last year to cancel sales for Taylor Swift’s upcoming tour, will be a big focus of an antitrust-focused hearing. Story Published at: January 24, 2023 at 12:44PM Continue Reading…
Microsoft to Lay Off 10,000 Workers as It Looks to Trim Costs
The job cuts, which amount to less than 5 percent of the company’s work force, are its largest in roughly eight years. Story Published at: January 18, 2023 at 02:15PM Continue Reading…
Wall Street Is Down on Corporate America
Earnings season kicks off this week, and analysts expect a big drop in corporate profits and more announcements about layoffs. Story Published at: January 9, 2023 at 12:56PM Continue Reading…
Crypto Investors Grapple With the Collapse of a Giant
Prices of digital currencies have tumbled even after the exchange FTX announced a provisional lifeline by a top rival, Binance. Story Published at: November 9, 2022 at 12:58PM Continue Reading…
Tech’s Biggest Companies Are Sending Worrying Signals About the Economy
A series of quarterly earnings reports is showing that even Silicon Valley’s most powerful companies are feeling the impact of inflation and rising interest rates. Story Published at: October 26, 2022 at 11:47PM Continue Reading…