Microsoft, Alphabet, Visa, Snap, Texas Instruments, CoStar Group, and Stride were the companies grabbing attention in extended trading. Shares of Microsoft surged by over 3% after the tech giant reported its fiscal first-quarter results, surpassing analysts’ expectations. The company’s earnings per share stood at $2.99 on $56.52 billion in revenue, outperforming forecasts of EPS at…
Check out the companies making headlines before the bell. General Motors, the automaker, saw its shares rise by more than 1% in premarket trading after posting third-quarter earnings and revenue that exceeded analyst expectations. However, GM did withdraw its full-year outlook due to rising costs from the United Auto Workers union strikes. Despite Spotify’s third-quarter…
Tech giant faces negative headlines in recent months In what appears to be an ongoing trend, the tech giant has once again found itself at the center of negative publicity. This comes as no surprise, as the company has been no stranger to controversy in recent months. While the details of the current negative headlines…
Stock futures rose on Sunday night as traders awaited the release of corporate earnings from major tech companies. Futures tied to the Dow Jones Industrial Average increased by 0.18%, while S&P 500 futures and Nasdaq 100 futures climbed by 0.23% and 0.15% respectively. These gains came after a challenging week for stocks, with concerns over…
Paddy Cosgrave, the CEO and co-founder of Web Summit, a highly anticipated annual tech conference, has resigned from his position following controversy surrounding his comments on the Israel-Hamas war. The controversy led to the cancellation of attendance by major tech giants including Alphabet (parent company of Google), Meta (formerly known as Facebook), and Amazon. In…
U.S. Equities Continue to Fall as Bond Yields Surge Friday saw U.S. equities facing another day of losses, leading to the S & P 500 recording its fourth consecutive day of decline. The S & P plummeted by 0.9% during midmorning trading, while the Nasdaq Composite experienced a decline of over 1%. The main factors…
Google News Division Faces Job Cuts Amid Increasing Misinformation Challenges In a significant downsizing move, Google has cut jobs in its news division, according to sources. The layoffs come at a time when online platforms and publishers are already facing challenges in combating the spread of misinformation. While the exact number of job cuts is…
Tech giants like Google, Apple, and Amazon may see a delay in major tech antitrust legislation if Republican Rep. Jim Jordan of Ohio is elected as the speaker of the House, according to political strategists and industry lobbyists. They believe that if Jordan becomes the Speaker, Congress is unlikely to take any action against big…
