Tag AMZN
First Republic shares fell sharply amid the exit of several financial advisors, Cloudflare slid after a guidance slash, and Pinterest dropped after a disappointing forecast...
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U.S. stocks advanced on Friday and benchmark Treasury yields dipped on a week marked by strong earnings, ending a solid month with data confirming inflation is cooling, which could allow the Federal Reserve to pause after next week's expected rate hike...
Continue ReadingWelcome to Pinterest's earnings call for the first quarter ended March 31, 2023. Joining me on the call are Bill Ready, Pinterest's CEO; and Todd Morgenfeld, our chief financial officer and head of business operations...
Continue ReadingGood day, everyone, and welcome to the Amazon.com first quarter 2023 financial results teleconference. For opening remarks, I will be turning the call over to the vice president of investor relations, Dave Fildes. Joining us today to answer your questions are Andrew Jassy, our CEO; and Brian Olsavsky, our CFO...
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US STOCKS-Wall St climbs as strong earnings offset worries, Fed meeting in focus...
Continue ReadingEventually investors have to face reality: There are downsides to cutting costs and laying off staff...
Continue Reading“So far in all the earnings reports, 'normalize' and 'optimize' are code words for 'weaker' and/or 'softer,’” said Peter Boockvar of Bleakley Advisory Group...
Continue ReadingAmazon (NASDAQ: AMZN) reported first-quarter results Thursday night and the stock is now dropping in response. After dipping by as much as 5% in morning trading, Amazon stock was still lower by 3.4% as of 2 p.m. ET. It also should be noted that Amazon shares had jumped by a total of 7% during the two trading days leading up to the earnings announcement...
Continue ReadingArtificial Intelligence's staggering rise in the last few months has left investors confident in its ability to transform sectors; it's also forcing companies to adjust their game plans. Some experts however, are seeing a different side of the story, as valuations of AI-related entities continue to rocket ever higher. "The most important thing I'm hearing is a little bit of hysteria meets a little bit of confusion", Sachin Dev Duggal the founder of Builder AI tells Yahoo Finance's Julie Hyman and Ines Ferre. The man behind the platform that allows people to build software applications using the technology, says AI is "misunderstood" by businesses. Offering the promise of self-driving cars, high-intelligence chat bots and large-scale data analysis, companies are seemingly jumping on the bandwagon. "It's something new and everybody's talking about it," he says. "But it's coming with an equal dose of confusion, in terms of how they might use it, is it really new, will they have to change their labor hiring and labor patterns." Brett Winton, Co-Ark Investment Management Chief Futurist, also joined the conversation on Yahoo Finance Live, and weighed in on investment approaches when it comes to AI. "We actually think some of the interesting places to invest are companies that have deployed in-use assets and can deliver AI software to those assets," he says. Key Video Moments: 00:00:15: AI areas of growth 00:01:55: Hysteria meets confusion 00:02:20: AI customer feedback...
Continue ReadingInvestors seem to be growing more numb to first-quarter earnings—even for companies that beat expectations. The macro has to change to move stocks higher...
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