Apple’s China sales tumble highlights waning clout as local brands gain
By Yelin Mo and Brenda Goh BEIJING (Reuters) -Apple’s weak China sales performance may have shocked investors, but customers and…
February 2024
Amazon posts AI-fueled cloud, ecommerce growth, shares jump
By Akash Sriram and Greg Bensinger (Reuters) -Amazon.com beat fourth-quarter revenue expectations on Thursday as new generative AI features in…
Analysis-Inflation-focused Fed shoots down Wall Street’s hopes of March cut
By Davide Barbuscia and Lewis Krauskopf (Reuters) – Investors hoping for imminent rate cuts by the Federal Reserve received a…
Google parent Alphabet ad revenue disappoints, CapEx up; shares sink 6%
By Jeffrey Dastin and Akash Sriram (Reuters) -Alphabet disappointed Wall Street on Tuesday as holiday-season advertising sales came in below…
Shell boosts dividend after $28 billion profit for 2023
By Ron Bousso LONDON (Reuters) -Shell reported a $28 billion profit for 2023 on Thursday after beating fourth quarter earnings…
Exclusive-Meta to deploy in-house custom chips this year to power AI drive – memo
By Katie Paul, Stephen Nellis and Max A. Cherney (Reuters) – Facebook owner Meta Platforms plans to deploy into its…
Fed, earnings and economic data to test US stocks near record highs
(This Jan. 26 story has been corrected to fix the release date of Meta Platforms earnings results in paragraph 3.)…