#usamarket

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    Google's Antitrust Loss Could Put Billions at Risk for Apple

    In a significant legal setback, Google (GOOG, GOOGL) was dealt a blow as Judge Amit Mehta of the District of Columbia ruled in favor of the Department of Justice in an antitrust case against the tech giant. This ruling not only threatens Google's search and advertising business but also puts a...
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    Netflix Stock Under Pressure — Analyst Sees Buying Opportunity

    Netflix (NFLX) shares have fallen about 10% over the past month, driven by a mid-July sell-off after the company missed revenue guidance expectations. The stock continued its downward trend, dropping roughly 3% in early trading on Monday amid a broader sell-off in Big Tech. Despite the recent...
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    Apple Investors Urged to Stay Calm After Buffett Slashes Stake

    Key Details: Stake Reduction: Berkshire Hathaway, led by Warren Buffett, sold nearly half of its stake in Apple Inc. during the second quarter of 2024. The remaining stake is valued at approximately $84 billion, down from about $140 billion. This decision has led to mixed interpretations, with...
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    INTEL TO CUT JOBS AND SUSPEND DIVIDEND AMID TURNAROUND EFFORTS

    Intel (INTC.O) announced of its decision to cut over 15% of its workforce, equivalent to 17,500 employees, and suspend its dividend starting in Q4 2024. This move is part of Intel's strategy to revitalize its struggling manufacturing segment. Key Points: Workforce Reduction: The job cuts aim...
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    Amazon's Stock Drops over 11% Following Disappointing Forecast

    Amazon's (AMZN) stock fell more than 11% in early trading on Friday after its third-quarter forecast missed expectations on both sales and operating income. The company projected sales between $154 billion and $158.5 billion, below the analyst forecast of $158.43 billion. Operating income is...
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    Things to Know Before the Stock Market Opens

    Sell-off: All major indexes saw losses on Thursday due to recession fears. The Dow Jones dropped nearly 500 points, the S&P 500 fell 1.37%, and the Nasdaq declined 2.3%. Jobs Data: July’s nonfarm payrolls report will be released, expecting 185,000 new jobs and an unemployment rate of...
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    Snap Forecasts weak Revenue as big Rivals threaten growth, shares slide

    Snap Inc. forecast current-quarter results below expectations on Thursday, citing stiff competition from larger rivals such as Meta Platforms (parent of Facebook and Instagram) and ByteDance's TikTok. This has led to an 18% drop in its shares after-market. Jasmine Enberg, principal analyst at...
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    Apple Beats Q3 Expectations Despite Iphone Sales Decline

    Apple (AAPL) surpassed analysts expectations for the third quarter, reporting an EPS of $1.40 on revenue of $85.5 billion, compared to the anticipated $1.35 EPS and $84.4 billion revenue. However, iPhone sales declined year-over-year, totaling $39.2 billion, short of last year's $39.6 billion...
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    AMAZON STOCK TUMBLES ON WEAKER THAN EXPECTED SALES OUTLOOK

    Amazon's stock dropped by up to 6% in after-hours trading following the company's release of third-quarter sales guidance that fell short of analyst estimates. The company forecasted sales between $154 billion and $158.5 billion, below the $158.43 billion expected. Despite exceeding earnings...
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    CROWDSTRIKE EXTENDS POST-OUTAGE LOSSES TO 34%

    A passenger checks a departure screen at the Phoenix Sky Harbor Airport after the CrowdStrike outage delayed travel. CrowdStrike's stock has plummeted 34% since a software update caused a major outage on July 19. On Tuesday alone, the stock fell as much as 13% following reports that Delta Air...
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    THINGS TO KNOW BEFORE THE STOCK MARKET OPENS

    Market Movement: The S&P 500 and Nasdaq Composite fell on Tuesday, with declines of 0.6% and 1.2%, respectively. The Dow Jones Industrial Average rose by 0.3%. The tech sector, particularly large-cap stocks, showed weakness, while earnings season has been strong overall. Microsoft's Cloud...
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    AMD Stock Jumps on Better-Than-Expected Outlook, AI Sales

    Advanced Micro Devices, Inc. (NASDAQ: AMD) posted a second-quarter earnings win with a slight beat on analyst expectations, resulting in a more than 9% rise in AMD stock during premarket trading Today Key Financial Highlights: Adjusted Earnings Per Share (EPS): $0.69, just above the $0.68...
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    Meta Agrees to $1.4B Settlement with Texas in Privacy Lawsuit Over Facial Recognition

    Meta has agreed to a $1.4 billion settlement with Texas in a privacy lawsuit over allegations that the tech giant used biometric data of users without their permission, officials said Tuesday. Texas Attorney General Ken Paxton said the settlement is the largest secured by a single state. In...
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    IBM (IBM) Q2 Earnings and Revenues Beat Estimates

    Earnings: IBM reported Q2 earnings of $2.43 per share, exceeding the Zacks Consensus Estimate of $2.16 per share. This is an increase from $2.18 per share in the same quarter last year and represents a 12.50% earnings surprise. Revenue: The company posted revenues of $15.77 billion for the...
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    5 Things to Know Before the Stock Market Opens

    Market Performance: All major indexes closed lower on Tuesday, with the S&P 500 down 0.16%, the Nasdaq Composite down 0.06%, and the Dow Jones Industrial Average down 0.14%. Earnings Reports: Tesla missed earnings expectations with adjusted EPS of 52 cents, while Alphabet's YouTube ad revenue...
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