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…
2024
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.)…
Factbox-Elon Musk’s ‘unfathomable’ $56 billion Tesla pay package
(Reuters) – A Delaware judge has tossed out Elon Musk’s record-breaking $56 billion Tesla pay package, calling the compensation granted…
Investors punish Microsoft, Alphabet as AI returns fall short of lofty expectations
By Jeffrey Dastin and Samrhitha A (Reuters) -Tech giants on Tuesday talked up how customers are lapping up their generative…
Boeing is sued by shareholders following MAX 9 blowout
By Jonathan Stempel NEW YORK (Reuters) – Boeing has been sued by shareholders who said the company prioritized profit over…
Fed holds rates steady, says more confidence needed in inflation slowdown
NEW YORK (Reuters) -The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them…