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Jeff Bezos sells more Amazon stock, bringing total to $6 billion this month
Market Watch· 2024-02-16 00:56
Billionaire Jeff Bezos has sold another $2 billion in Amazon.com Inc. shares, bringing his total in stock sales this month to about $6 billion. According to a Securities and Exchange Commission filing Thursday, the Amazon AMZN founder and executive chairman sold about 12 million Amazon shares on Tuesday and Wednesday, at prices ranging from $166.50 to $170.92 a share. Bezos... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. An ...
Meta, Apple are squabbling again over advertisers
Market Watch· 2024-02-15 22:40
Facebook parent Meta Platforms Inc. and nemesis Apple Inc. are it again. The warring tech giants exchanged unpleasantries Thursday after Meta META published instructions advising advertisers how to avoid paying a 30% service charge related to Apple’s AAPL iOS. The workaround applies to “boosted posts,” which let advertisers boost their content... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subscribe Now Already ...
Applied Materials' stock climbs as company logs earnings beat, sees AI momentum
Market Watch· 2024-02-15 22:12
Applied Materials Inc. delivered upbeat results and guidance Thursday afternoon, and its stock was surging in the extended session. The chip-equipment company logged fiscal-first quarter net income of $2.02 billion, or $2.41 a share, compared with $1.72 billion, or $2.02 a share, in the year-prior quarter. On an adjusted basis, Applied Materials... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subscribe Now Alre ...
Microsoft will make 4 exclusive Xbox videogames available to rival consoles
Market Watch· 2024-02-15 22:10
NEW YORK — Several exclusive Xbox games will be soon making their way to rival consoles, the video gaming brand and its parent company, Microsoft, announced Thursday. In a special edition of the Official Xbox Podcast, Microsoft Gaming CEO Phil Spencer confirmed that four Xbox games will no longer be exclusive. That means players should be able to access them on other companies’ platforms. Spencer... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from a ...
Trade Desk's stock roars as earnings forecast crushes expectations
Market Watch· 2024-02-15 21:43
Trade Desk Inc. shares were soaring in Thursday’s extended session as the advertising-technology company easily cleared the bar with its forecast for the current quarter. The company models at least $478 million in revenue for the first quarter, along with about $130 million in adjusted earnings before interest, taxes, depreciation and amortization (Ebitda). Analysts were modeling $451 million in revenue as well as $113 million in adjusted Ebitda. Shares... Master your money. Subscribe to MarketWatch. ...
Coca-Cola raises dividend, to boost yield to about 3.3%
Market Watch· 2024-02-15 19:38
Shares of Coca-Cola Co. gained Thursday, after the beverage giant raised its dividend, effectively increasing its yield advantage over rival PepsiCo Inc. Coca-Cola said it is raising its quarterly dividend by 5.4%, to 48.5 cents a share, from 46 cents a share. Shareholders of record on March 15 will receive the new dividend on April 1.... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subscribe Now Already a subsc ...
Wells Fargo stock rises as Feds lift consent order for its fake-account scandal
Market Watch· 2024-02-15 19:07
Wells Fargo & Co.’s stock rose Thursday after the bank confirmed it satisfied requirements by federal regulators to overhaul aspects of its operations related to the fake bank accounts scandal, but the company still faces other pending actions. Wells Fargo WFC rose 6.9%, outpacing gains in the financial sector. Wells Fargo said the Office... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subscribe Now Already a su ...
Nvidia is expected to be the best performer in the S&P 500 through 2025, by this measure
Market Watch· 2024-02-15 16:41
Investors have gotten used to incredible year-over-year comparisons during the past several quarters for Nvidia Corp., which continues to lead the market for graphics-processing units being deployed by data centers to support their corporate clients’ build-out of artificial-intelligence technology. Nvidia NVDA is scheduled to announce results for the fourth quarter of its fiscal 2024 next Wednesday at 5 p.m. Eastern time. The consensus among analysts polled by FactSet is for the company to report quarterly ...
SunPower's stock charges up after additional financing, waivers secured
Market Watch· 2024-02-15 14:11
Core Viewpoint - SunPower Corp. shares experienced an increase following the announcement of new funding and waivers from financial partners, which the company believes will help it manage current industry challenges [1]. Financial Performance - The company reported a fourth-quarter loss that was wider than expected, alongside revenue that did not meet forecasts [1].
Citigroup's simplification plan under CEO Jane Fraser wins praise in analyst upgrade
Market Watch· 2024-02-15 12:16
Citigroup Inc. has dawn an upgrade to overweight from neutral at Piper Sandler as analysts praised an effort underway by Chief Executive Jane Fraser to simplify the bank. “Though the turnaround will likely have some bumps along the way, we like [Fraser’s] more targeted view of the company,” analyst R. Scott Siefers said in a research note on Wednesday. Siefers... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subsc ...