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AMD stock slips as revenue forecast dips below Street consensus

AMD stock slips as revenue forecast dips below Street consensus

Shares of Advanced Micro Devices Inc. fell in the extended session on Tuesday after the chipmaker’s earnings forecast fell short of Wall Street’s consensus after posting record sales, beating Street’s expectations and reporting a big gain. in data center sales. “Taking a step back, while there has been additional weakness in the PC market in …

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PayPal earnings packed in much more than just numbers

PayPal earnings packed in much more than just numbers

After seeing its shares lose about two-thirds of their value last year, PayPal Holdings Inc. delivered a packed earnings report Tuesday, announcing a new chief financial officer, a buyback authorization and a cost-savings program, while which confirms that activists from Elliott Management Corp. have acquired a stake in the company. Additionally, the company beat expectations …

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The dollar will weaken and these stocks could outperform, says Evercore

The dollar will weaken and these stocks could outperform, says Evercore

Hopes that the Fed may be less aggressive in raising borrowing costs than previously feared have spread rapidly in markets this past week. Stocks have risen as bond yields have fallen. And it has brought the dollar rampage to a screeching halt. The DXY dollar index, +0.49%, which hit a 20-year high above 108.5 in …

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‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard

‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard

The Federal Reserve raised its benchmark rate by 0.75 percentage point on Wednesday in an effort to moderate rising costs of consumer goods and services. While economists say raising the interest rate will help cool consumer demand and hopefully ease record inflation, it will also raise the cost of borrowing for everything from houses to …

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Roku stock plummets as earnings are widely panned: ‘The sum of all of our worries’

Roku stock plummets as earnings are widely panned: 'The sum of all of our worries'

Shares of Roku Inc. fell in premarket trading on Friday after the streaming company acknowledged a “significant slowdown” in ad spending that helped propel it to weaker-than-expected results and could persist beyond the last trimester. “Consumers began to moderate discretionary spending and advertisers significantly reduced spending in the ad dispersion market (TV ads purchased during …

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Amazon stock jumps 14% as sales beat and AWS growth overcome a second straight quarterly loss

Amazon stock jumps 14% as sales beat and AWS growth overcome a second straight quarterly loss

Amazon.com Inc. decided to cut back after years of pouring money into growth, and the result was a second straight quarterly loss, but a hit to sales and continued strong growth from Amazon Web Services helped drive the stock higher in post-closing operations. Thursday. amazon amzn, +1.08% reported a second-quarter loss of $2 billion, or …

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Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?

Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?

Yahoo was once the most popular website on the planet, the one place that everyone on the Internet seemed to touch at least once in an online session. However, after an ignominious fall, Yahoo is just another site that has a few followers in certain parts of Asia and offers some niche products. Did Mark …

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Google stock rises despite an ad downturn, second straight earnings decline

Google stock rises despite an ad downturn, second straight earnings decline

Alphabet Inc.’s Google shares rose more than 4% in extended trading on Tuesday after the tech giant reported results slightly below Wall Street estimates. Still, the results marked the second straight quarter of year-over-year profit decline for Google, the first since 2015, but this time on a much larger scale. GOGL Alphabet, -2.32% GOOG, -2.56%, …

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