By Jeffrey Dastin (Reuters) – Amazon.com Inc, the global retailer whose results can represent a bellwether for the e-commerce industry,…
Tech giants feel pain as cloud spending cuts suggest slowdown
By Tiyashi Datta, Jane Lanhee Lee and Chavi Mehta (Reuters) – In a further sign that large companies may be…
Intel trims full-year forecast, battered shares rise
By Chavi Mehta and Jane Lanhee Lee (Reuters) -Chipmaker Intel Corp on Thursday cut its full-year profit and revenue forecast…
Pinterest soars as revenue beat stands out in social media gloom
By Vansh Agarwal and Shreyaa Narayanan (Reuters) -Pinterest Inc beat estimates for quarterly revenue on Thursday, making it a rare…
T-Mobile’s cheaper plans, 5G edge help lift 2022 subscriber forecast again
By Eva Mathews (Reuters) -T-Mobile US Inc on Thursday raised its annual forecast for monthly bill-paying wireless subscriber additions for…
Weak Amazon outlook another blow to tech-type growth shares
(Reuters) – Amazon.com Inc shares skidded as much as 21% after hours on Thursday after it forecast costs might eviscerate…
Yellen touts U.S. battery investments in election battleground Ohio
By David Lawder CLEVELAND (Reuters) – U.S. Treasury Secretary Janet Yellen hailed the beginnings of a Midwest “Battery Belt” on…
Wall St loses over $200 billion in value after report from Amazon
By Noel Randewich and Lewis Krauskopf (Reuters) – Over $200 billion in U.S. stock market value went up in smoke…
Tech rout widens as Meta sinks after results
(Reuters) – A carnage in U.S. technology stocks widened on Thursday as shares of Meta Platforms Inc sank 20% after…
Google Play in EU antitrust sights as Android fine appeal pending
By Foo Yun Chee BRUSSELS (Reuters) -Alphabet unit Google’s Google Play Store is the target of an EU antitrust investigation,…