The S&P 500 $S&P 500 index(.SPX.US$ could fall to 3,200 this year, and perhaps as low as 2,000 according to Jeremy Grantham, CEO of GMO.
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NYSE says it will cancel some early trades after technical issue led to halts for over 200 stocks
Trading in more than 200 stocks on the New York Stock Exchange was briefly halted shortly after the market opened Tuesday due to an apparent technical issue, and many abnormal early trades will be canceled.
The major names impacted included $Morgan Stanley(MS.US$ , $Verizon(VZ.US$ , $AT&T(T.US$ , $Nike(NKE.US$ and $McDonald's(MCD.US$ , according to the NYSE's website. Many stocks were shown to...
The major names impacted included $Morgan Stanley(MS.US$ , $Verizon(VZ.US$ , $AT&T(T.US$ , $Nike(NKE.US$ and $McDonald's(MCD.US$ , according to the NYSE's website. Many stocks were shown to...
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$Microsoft(MSFT.US$ Q2 FY23:
Key metrics:
• Revenue +2% Y/Y to $52.7B ($450M miss).
• Gross margin 67% (-10pp Y/Y)
• Operating margin 39% (-10pp Y/Y).
• Operating cash flow margin 21% (-7pp Y/Y).
• EPS $2.32 ($0.01 beat).
Azure +31% Y/Y (+38% fx neutral).
Key metrics:
• Revenue +2% Y/Y to $52.7B ($450M miss).
• Gross margin 67% (-10pp Y/Y)
• Operating margin 39% (-10pp Y/Y).
• Operating cash flow margin 21% (-7pp Y/Y).
• EPS $2.32 ($0.01 beat).
Azure +31% Y/Y (+38% fx neutral).
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LVMH: The Wolf in Cashmere
Bernard Arnault displaced Elon Musk as the world's wealthiest person.
But there's more.
His company is now worth more than Tesla.
He's the CEO of LVMH (Louis Vuitton Moët Hennessy).
Here's a look at the company and how they make money.
$LVMH Moet Hennessy Louis Vuitton SE Unsponsored ADR(LVMUY.US$$Tesla(TSLA.US$
But there's more.
His company is now worth more than Tesla.
He's the CEO of LVMH (Louis Vuitton Moët Hennessy).
Here's a look at the company and how they make money.
$LVMH Moet Hennessy Louis Vuitton SE Unsponsored ADR(LVMUY.US$$Tesla(TSLA.US$
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How much are tech companies paying for talent?
A new law that went into effect last week requires most California employers to disclose salaries on job listings.
The law affects every company with more than 15 employees looking to fill a job that could be performed from the state of California. It covers hourly and temporary work, all the way up to openings for highly paid technology executives.
That means it's now possible to know the salaries top tech companies pay their workers. For example:
A...
The law affects every company with more than 15 employees looking to fill a job that could be performed from the state of California. It covers hourly and temporary work, all the way up to openings for highly paid technology executives.
That means it's now possible to know the salaries top tech companies pay their workers. For example:
A...
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Moderna signs $35 million deal with cancer drug developer CytomX
$Moderna(MRNA.US$$CytomX(CTMX.US$ Moderna Inc on Thursday announced a $35 million licensing deal with cancer-focused drug developer CytomX Therapeutics to work on messenger RNA-based therapies for a wide range of diseases.
Shares of California-based CytomX rose more than 50% in extended trading.
The firm will get $5 million in prepaid research funding as part of the upfront payment and it is eligible for up to about $1.2 billion i...
Shares of California-based CytomX rose more than 50% in extended trading.
The firm will get $5 million in prepaid research funding as part of the upfront payment and it is eligible for up to about $1.2 billion i...
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$Microsoft(MSFT.US$ Microsoft is reportedly planning to launch a version of Bing that uses ChatGPT (an option as part of its investment in OpenAI in 2019).
$Alphabet-C(GOOG.US$$Alphabet-A(GOOGL.US$ Google has a 93% share of the search market in 2022, compared to 3% for Bing. Google has its own large language model, LaMDA.
$Nasdaq Composite Index(.IXIC.US$$Amazon(AMZN.US$$Alibaba(BABA.US$
$Alphabet-C(GOOG.US$$Alphabet-A(GOOGL.US$ Google has a 93% share of the search market in 2022, compared to 3% for Bing. Google has its own large language model, LaMDA.
$Nasdaq Composite Index(.IXIC.US$$Amazon(AMZN.US$$Alibaba(BABA.US$
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Amazon CEO says job cuts to exceed 18,000 roles
$Amazon(AMZN.US$ layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday.
The layoff decisions, which Amazon will communicate starting Jan. 18, will largely impact the company's e-commerce and human-resources organizations, he said.
The cuts amount to 6% of Amazon's roughly 300,000-person corporate workforce and represent a s...
The layoff decisions, which Amazon will communicate starting Jan. 18, will largely impact the company's e-commerce and human-resources organizations, he said.
The cuts amount to 6% of Amazon's roughly 300,000-person corporate workforce and represent a s...
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Apple's stock market value falls below $2 trillion
$Apple(AAPL.US$ stock market value shrank sharply on Tuesday following its steep drop last year, leaving it below $2 trillion for the first time since March 2021.
The sell-off came a year after the iPhone maker became the first company to reach the $3 trillion market capitalization milestone.
Apple's shares declined 3.7% to $125.07 after Exane BNP Paribas analyst Jerome Ramel downgraded the company to "neutral" from "outperform," slashing his p...
The sell-off came a year after the iPhone maker became the first company to reach the $3 trillion market capitalization milestone.
Apple's shares declined 3.7% to $125.07 after Exane BNP Paribas analyst Jerome Ramel downgraded the company to "neutral" from "outperform," slashing his p...
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Hiring continues to slow down for the Big 4 tech companies. Since Q3 ended, total job openings have dropped -54% for $Alphabet-C(GOOG.US$ , -63% for $Microsoft(MSFT.US$ , -34% for $Apple(AAPL.US$ and -50% for $Amazon(AMZN.US$ .
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