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Wednesday, Feb 01, 2023
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Wall Street

WALL STREET NEWS

Microsoft's cloud business keeps profits flowing in tougher times

January 25, 2023 11:09 am

The relatively stable outlook helped assuage fears that the lucrative cloud segment for big tech companies could be hit hard as customers look to cut spending, and cloud revenue in the fiscal second quarter reported on Tuesday made up for some weakness in the PC unit.

Wall Street ends higher as company earnings season kicks off

January 15, 2023 7:05 am

The year has begun on Wall Street with optimism that cooling inflation trends could get the Federal Reserve to ease off soon on its sharp hikes to interest rates.

Amazon shares slump, Big Tech peers stay afloat

October 28, 2022 10:03 pm

The online retailer, whose market cap briefly fell below $1 trillion, was last down 8.4% at $101.66, after hitting its lowest since April 2020.

Wall Street opens lower as FedEx warning adds to market woes

September 16, 2022 7:42 pm

Markets were already on edge because of stubbornly high inflation as well as the higher interest rates being used to fight it, which will slow the economy.

US: A recession alarm is ringing on Wall Street

July 22, 2022 3:34 pm

On Wednesday, the yield on two-year Treasury notes stood at 3.23 per cent, above the 3.03 per cent yield on 10-year notes. A year ago, by comparison, two-year yields were over 1 percentage point lower than the 10-year yields.

Netflix says it lost nearly 1 million subscribers and breathes a sigh of relief

July 20, 2022 3:49 pm

When Netflix announced that it lost 200,000 subscribers in the first quarter and expected to lose many more in the second, it suggested to many in Hollywood and on Wall Street that the halcyon days of endless growth in the streaming business had come to an end.

How Wall Street escaped the crypto meltdown

July 06, 2022 11:52 am

In the great cryptocurrency bloodbath of 2022, Wall Street is winning.

Explained: Wall Street slips into a bear market; here's what that means

June 14, 2022 9:45 pm

A bear market is a term used when an index like the S&P 500, the Dow Jones Industrial Average, or even an individual stock, has fallen 20% or more from a recent high for a sustained period of time.

World shares steady after Wall Street sinks into bear market

June 14, 2022 4:08 pm

London and Frankfurt gained on the open but fell back slightly later in the morning. Shanghai advanced while Hong Kong ended flat. Tokyo and Paris declined.

Wall Street is battered by rising fear about the economy

April 30, 2022 1:12 pm

A severe COVID-19 lockdown in China and the invasion of Ukraine are worsening disruptions in the flow of goods across borders, contributing to rising food and energy prices, and threatening corporate profits.

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