(Reuters) – Wall Street futures fell sharply on Thursday, as warnings from Meta Platforms and Microsoft about rising artificial intelligence-related costs dampened optimism around megacaps, which have been the market’s primary driver this year. Shares of Facebook-owner slumped 4%, while Microsoft dropped 3.7% in premarket trading. Both companies beat earnings estimates in results reported after…
Thursday, October 31st, 2024 Following a robust Q3 earnings release, Twilio’s (TWLO) stock shot up over 11% in post-market trading to $78.90. Investors are now weighing whether this surge marks sustainable growth or if it’s just short-lived hype. Let’s break down the details that will influence TWLO’s trajectory. Earnings Highlights and Forward Guidance Twilio’s Q3…
As Microsoft gears up to reveal its quarterly earnings after the market closes, all eyes are on the tech giant, and anticipation is buzzing with an electric mix of optimism and caution. The options market is hinting at some serious price action, with a significant swing on the horizon—this isn’t just any earnings call; it’s…
McDonald’s just released its Q3 earnings, and the fast-food titan has plenty of storylines unfolding—some promising, others pressing. Despite headwinds in international markets, the company’s focus on the U.S. is paying off, and its digital and loyalty-driven strategy is proving to be a smart play. However, with inflationary pressures, slowing international performance, and challenges from…
(Reuters) – AT&T said on Monday it had struck a $1 billion multi-year deal with Corning to buy fiber, cable, and connectivity solutions, as the U.S. telecom giant looks to expand its high-speed internet services. WHY IT’S IMPORTANT With the U.S. wireless market facing a slowdown, telecom companies such as AT&T and rival Verizon have…
(Reuters) -Meta Platforms is working on an artificial intelligence-based search engine as it looks to reduce dependence on Alphabet’s Google and Microsoft’s Bing, the Information reported on Monday. The AI search engine segment is heating up with ChatGPT-maker OpenAI, Google and Microsoft all vying for dominance in the rapidly evolving market. Meta’s web crawler will…
By Tatiana Bautzer and Nupur Anand NEW YORK (Reuters) – JPMorgan Chase CEO Jamie Dimon blasted several major U.S. regulatory initiatives on capital rules, card payments and open banking at a conference on Monday. The outspoken executive, 68, who runs the largest U.S. lender, criticized what he called overlapping or ill-conceived regulations. “It’s time to…
By Aditya Soni (Reuters) – Microsoft is expected to report its slowest quarterly revenue growth in a year on Wednesday, while investors await signs of AI demand amid growing worries about the slow payoff from hefty investments in the technology. The software giant is widely seen as the front-runner in the race to capitalize on…
Big Tech Earnings Preview for the Week: Microsoft, Meta, and Uber Set to Shape the Market This week, Microsoft (Wednesday), Meta (Wednesday), and Uber (Thursday) are each set to release their quarterly earnings, bringing with them a mix of high expectations and fresh market anxieties. As investors eagerly await, all three companies hold unique positions…
On the Edge: Could Geopolitical Tensions Push Us Toward WW3? How to Prepare Your Portfolio for the Unexpected From Moscow’s saber-rattling over Ukraine to China’s rising assertiveness in Asia, and the recent surge in hostilities between Israel and Hamas, today’s geopolitical landscape is a tinderbox. Russia’s hints at heightened military action, coupled with economic strains…