The British government on Monday abandoned a plan to force tech firms to remove internet content that is harmful but legal, after the proposal drew strong criticism from lawmakers and civil liberties groups.
Yahoo Finance Live looks to Amazon shares following the tech giant's latest earnings report.
Amazon shares slide lower in the after-hours trading session despite reporting a Q4 earnings beat.
Shares of apparel company Hanesbrands (NYSE: HBI) dropped like a rock on Thursday after the company provided lackluster financial guidance and announced some substantial pivots to management's priorities. As of 11:40 a.m. ET, Hanesbrands stock was down 23% -- particularly painful, considering the market is soaring today. On one hand, fourth-quarter revenue of $1.47 billion beat guidance from Hanesbrands' management.
Two major automakers want to put more fuel cell vehicles on the road -- and Plug Power investors took note.
Investors got a reminder of the capabilities of Palantir Technologies' (NYSE: PLTR) products, helping to reinforce the bull case for the stock. Palantir came to market in late 2020 to great enthusiasm, based largely on the reputation of its technology. The data-analytics provider is credited with helping the Pentagon find Osama bin Laden and with flagging the Bernie Madoff Ponzi scheme.
Apple's iPhone sales fell short of analysts' expectations in Q1.
Amazon reported its Q4 2022 earnings on Feb. 2.
There's more evidence now favoring medical marijuana legalization. But medical marijuana is already legal in most states.
Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX), today announced its financial results for the second quarter and year ended December 31, 2022.
Tesla might be the loudest in the room when talking about driverless cars, but Mercedes claims it just beat Tesla at its own game. With a starting price at $105,450, it was ranked eighth for luxury electric vehicles (EVs) by Car and Driver, behind Lucid's Air, several of the Porsches, the Tesla model S and the BMW i7. While folks fawn over the Cyber Truck and the latest new EV, Mercedes has been hard at work developing the inside of its cars -- specifically, its autonomous driving capabilities.
Air products' (APD) Q1 performance was driven by higher prices and volumes across its segments amid headwinds from unfavorable currency translations.
Shares of connected-TV platform company Roku (NASDAQ: ROKU) jumped 41.3% in January, according to data provided by S&P Global Market Intelligence. Roku's gains seem to be based on some fundamental improvements to the business, which is good. Roku kicked off the new year by launching its own line of smart TVs.
Leading iBuyer Opendoor (NASDAQ: OPEN) was having an excellent day on Thursday. As of 3 p.m. EST, the real estate disruptor's stock had risen by 14% for the day and has now more than tripled from its 52-week low in just over a month. There isn't any company-specific news driving the news higher, but there has been a surge in optimism for the real estate market in general.
Change doesn't have to be bad.
For the third day in a row, Tesla (NASDAQ: TSLA) stock is riding higher -- up 4.3% as of 10:10 a.m. ET. The Federal Reserve's decision to raise interest rates only 25 basis points yesterday is probably part of the reason for that -- indeed, growth stocks in general seem happy to run today, with the entire Nasdaq up nearly 2%. Tesla's plan to cut the prices of its electric cars, you see -- not just in the U.S., but in China as well -- is having its intended effect of stoking consumer demand.
A short squeeze occurs when short-sellers rush to cover their positions on a stock. The sudden rush of buying can quickly push a stock price higher. After a tough market year in 2022, some stocks have built up large short-seller followings, potentially priming the pump for a new wave of short squeezes.
Following the company's previous earnings release, Cramer apologized to his audience, saying that his trust in Meta's management team was "ill-advised" and that his bullish hubris was "extraordinary, and I apologize."
These tech stocks have gotten off to a flying start this year, and may spring a positive surprise following a woeful 2022.
Revenue at the company’s closely watched Amazon Web Services unit were a little shy of expectations.
The company is boosting its long-term addressable market, and the expanding use of AI could play a role in its growth.
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