Some companies are often good indicators of the overall health of the economy. For example, large retailers can often signal the strength of consumer spending, which is the biggest component of gross domestic product (GDP). Although it's not a retailer, Prologis (NYSE: PLD) is an
The market has been moving in and out of bear territory over the past few months as investors assess conflicting signs about how the economy is doing. Inflation is still high, and many consumer goods companies have been raising prices to offset costs. It's not surprising that the
It has been a brutal year for the stock market, but downturns like the current one are often the best time to invest. In theory, because valuations are depressed, investors have the opportunity to buy shares of quality companies at a bargain and watch their positions grow.
Higher inflation has been weighing on Amazon's (NASDAQ: AMZN) e-commerce business for about a year. But the company's other big business -- cloud computing services -- has defied the pressure, continuing to grow both revenue and operating income.
In a busy week of big tech earnings, investors turned their attention to Meta Platforms META and its dreadful Q3 earnings report. META missed earnings expectations by -13% at $1.64 per share. This was after Altimeter Capital called for the company to focus on its core bus
The earnings bombshells from Amazon AMZN and Meta META and sub-par releases from Alphabet GOOGL and Microsoft MSFT have forced us all to revisit our long-held assumptions about the sustainability of these technology leaders’ earnings power.
A robust, broad-based rally sent Wall Street to a sharply higher close on Friday as encouraging economic data and a sunnier earnings outlook fueled investor risk appetite ahead of next week's much-anticipated two-day policy meeting of the Federal Reserve.
A robust, broad-based rally sent Wall Street to a sharply higher close on Friday as encouraging economic data and a rosier earnings outlook boosted investor risk appetite ahead of next week's much-anticipated two-day policy meeting of the Federal Reserve.
Consumer stocks were ending broadly mixed on Friday, with the SPDR Consumer Staples Select Sector ETF (XLP) climbing 2.2% and the SPDR Consumer Discretionary Select Sector ETF (XLY) sinking 0.1%.
Amazon.com AMZN reported third-quarter 2022 earnings of 28 cents per share, declining 9.7% year over year.AMZN’s net income, totaling $2.9 billion, is inclusive of a pretax valuation gain of $1.1 billion in the non-operating income associated with its investment in Rivian
A bounce in U.S. stocks that has defied a barrage of major earnings disappointments faces a key test in the coming week, when the Federal Reserve's next meeting could shed light on how long it will stick to the aggressive monetary policies that have crippled asset prices in 2022.
What happened
Shares of video platform Rumble (NASDAQ: RUM) are up a whopping 63% this week, as of 2:10 p.m. ET on Friday, according to data provided by S&P Global Market Intelligence. For comparison, the S&P 500 is only up 3.6% over this time. Helping boost its full-week
A robust, broad-based rally sent Wall Street stocks surging on Friday, as encouraging economic data and a rosier earnings outlook buoyed investor risk appetite ahead of next week's much-anticipated two-day policy meeting of the Federal Reserve.
Wall Street indexes jumped on Friday, buoyed by upbeat results from Apple, with investors hoping that some signs of economic weakness would lead to the U.S. Federal Reserve slowing down the pace of its interest rate hikes soon.
Consumer stocks were broadly mixed in Friday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) climbing 2.1% and the SPDR Consumer Discretionary Select Sector ETF (XLY) sinking 0.8%.
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