Amazon is rounding out a rocky earnings season for Big Tech companies, after Facebook parent Meta, Alphabet and Microsoft all missed estimates.Story Published at: July 28, 2022 at 08:30PM
Amazon is set to report Q2 results after markets close
Instagram rolling back changes after Kardashians slammed the app for being like TikTok
Instagram is ending a test version of the app that prominently featured algorithmically recommended videos.Story Published at: July 28, 2022 at 08:28PM
Yellen says the economy is not in a recession despite GDP slump
Treasury Secretary Janet Yellen said Thursday the U.S. economy is in a state of transition, not recession, despite two consecutive quarters of negative growth.Story Published at: July 28, 2022 at 08:20PM
Air conditioning is a climate disaster and Bill Gates is investing in this startup to fix it
Blue Frontier’s solution uses a salt solution as a liquid desiccant to do both the cooling and dehumidification work done by refrigerants today.Story Published at: July 28, 2022 at 02:17PM
Pfizer quarterly sales surge to record high, driven by Covid vaccine and antiviral treatment Paxlovid
The pharmaceutical company booked net income of $9.9 billion, a 78% increase over the same period during 2021. Story Published at: July 28, 2022 at 03:10PM
GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal
Story Published at: July 28, 2022 at 01:32PM
JetBlue Airways reaches deal to buy Spirit Airlines
JetBlue Airways reached a deal to buy Spirit Airlines after the discounter broke off its merger agreement with Frontier Airlines.Story Published at: July 28, 2022 at 11:44AM
Bitcoin briefly jumps above $23,000 as it attempts another rally following Fed rate hike
Bitcoin rose above $23,000 following stocks higher after the U.S. Federal Reserve raised interest rates but suggested the pace of hikes could slow.Story Published at: July 28, 2022 at 09:05AM
European markets set to inch higher as investors digest Fed direction
European markets are set for a higher open on Thursday as global stocks take heart from slightly less hawkish messaging from the U.S. Federal Reserve.Story Published at: July 28, 2022 at 06:36AM
IMF warns rising debt in Asia puts region at risk
Srinivasan said countries at risk include Laos, Mongolia, Maldives and Papua New Guinea, noting Sri Lanka has already defaulted on its debt repayments.Story Published at: July 28, 2022 at 04:06AM