By Bret Kenwell Here are the major support and resistance areas to know for Amazon stock ahead of the tech and online-retail giant’s earnings. Coming into Amazon’s (AMZN) – Get Amazon.com, Inc. Report earnings report, the shares have been the clear lag…
Amazon Earnings Preview: Record Sales, Soaring Costs, Stock Split Talk
By Martin Baccardax Soaring wages, shipping rates and Covid costs are likely to eat away at Amazon’s Q4 bottom line, but the world’s biggest online retailer is still a top-line powerhouse. Amazon (AMZN) – Get Amazon.com, Inc. Report shares slumped lowe…
Buffett Said He Likes Facebook, But not so Much its Stock
By Dan Weil Facebook is an ‘extraordinary business,’ he said. But Buffett sees the best businesses as the most difficult to value. Warren Buffett has shown admiration for Meta Platforms (Facebook) (FB) – Get Meta Platforms Inc. Class A Report over the …
Zuckerberg Loses $24 Billion as Facebook’s Market Value Drops $210B
By Rob Lenihan Meta Platforms CEO Mark Zuckerberg lost $24 billion in 24 hours following a bad earnings report, while social media floods with crocodile tears. Some days it just doesn’t pay to be a billionaire. Case in point: Mark Zuckerberg, CEO of Me…
Crypto Hackers Stole More Than $323M From DeFi Project Wormhole
By Luc Olinga Wormhole, which connects the two most popular blockchains, Ethereum and Solana, is offering hackers $10 million to return the money. It’s a bad streak for the cryptosphere, a dark series likely not to reassure even the evangelists of this…
Earnings Live Blog: Merck, Eli Lilly, Honeywell and Estee Lauder Post Quarterly Updates
By Martin Baccardax Wall Street will navigate a series of key S&P; 500 earnings Thursday as investors look to forward projections from a host of companies amid concerns of rising inflation, Federal Reserve rate hikes and slowing consumer growth. Wall S…
Meta Stock Plunges As Apple Privacy Rules, TikTok Competition Hammer Facebook Growth
By Martin Baccardax Meta stock is set to shed more than $190 billion in market value Thursday, including $24 billion for CEO Mark Zuckerberg, after a disappointing fourth quarter earnings report and the first decline in Facebook users in company histor…
India Embraces Bitcoin, Crypto. But There’s a Catch
By Rob Lenihan India’s finance minister says the country will impose a 30% tax on income from cryptocurrencies, and will introduce a digital currency. Crypto now is now legal in India. The country will impose a 30% tax on income from cryptocurrencies a…
Cramer’s Mad Money Recap: 2/2: Alphabet
By Scott Rutt Jim Cramer says If Google can split its stock, other companies can, too. And after today, they probably will now that someone has taken the lead. When it comes to megacap technology companies, Alphabet (GOOGL) – Get Alphabet Inc. Class A …
Wendy’s Answers Popeye’s With a Hot Honey Take on Chicken
By Veronika Bondarenko Fast food chains have been trying to recreate the chicken sandwich craze since 2019. A chicken sandwich is just a chicken sandwich until, well, it isn’t. After the infamous 2019 launch of Popeye’s chicken sandwich caused a furor …