Amazon shares surged on Friday while Apple dropped as investors reacted starkly differently to their June quarter earnings reports. Shares of Amazon were 12% higher in premarket trading, while Apple fell 7%. Amazon was nearly 4% higher at Thursday’s close while Apple was down by more than 1%. Both companies reported their June quarter earnings…
TOPSHOT – Currency dealers monitor exchange rates in a foreign exchange dealing room at the Hana Bank headquarters in Seoul on February 2, 2026. South Korea’s benchmark index Kospi tumbled more than five percent on February 2, in line with a sell-off across Asian markets amid fresh worries about an AI-fuelled tech rally that has…
Asha Sharma, CEO of Xbox at Microsoft, speaks at the Bloomberg Tech conference in San Francisco on June 4, 2026. David Paul Morris | Bloomberg | Getty Images Microsoft’s new Xbox chief is looking to push the gaming unit’s margin back in line with its rivals by next year and beat them on profitability by…
Amazon reported better-than-expected revenue and cloud growth for the second quarter. The stock shot up more than 9% in extended trading. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: $5.75 a share. That may not compare with the $1.82 per share expected by LSEG Revenue: $200.61 billion…
Apple CEO Tim Cook at the World Economic Forum annual meeting in Davos, Switzerland, Jan. 20, 2026. Ludovic Marin | AFP | Getty Images Earnings on deck this afternoon for Apple and Amazon will likely decide if the stock market can end what’s so far been a rough week on solid footing. Follow CNBC’s live…
Meta CEO Mark Zuckerberg, left, and Microsoft CEO Satya Nadella. Getty Images | Reuters Microsoft shares jumped in premarket trading while Meta tanked as investors gave differing verdicts on the two tech giants’ earnings. Shares of Microsoft were last 9% higher while Meta was down 9%. On Wednesday, Microsoft posted fiscal fourth-quarter revenue that beat…
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. The success of Gen Z protests in India has handed a surprise victory to Mark Zuckerberg’s Meta, cementing its position as the most influential…
Meta Platforms CEO Mark Zuckerberg departs the office of U.S. Majority Leader John Thune (R-SD) following a meeting at the U.S. Capitol in Washington, D.C., U.S., March 26, 2026. Nathan Howard | Reuters Meta shares dropped over 7% on Wednesday after the company reported second-quarter earnings that missed on earnings per share. Here’s how the…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. The Federal Reserve left interest rates unchanged on Wednesday afternoon after the conclusion of its July meeting . Unlike recent meetings when markets had a strong…
Andy Jassy, President and CEO of Amazon, Mark Zuckerberg, CEO of Meta and Satya Nadella, CEO of Microsoft. Noah Berger | Manuel Orbegozo | Reuters | Peerapon Boonyakiat | SOPA Images | Lightrocket | Getty Images Alphabet had long been Wall Street’s favorite hyperscaler due to its expertise in converting high capital expenditures into revenue….
