Tech stocks just finished a five-week rally — the longest stretch since market peak in November 2021
Tech stocks on display at the Nasdaq. Peter Kramer | CNBC The Nasdaq just wrapped up its fifth straight week of gains, jumping 3.3% over the last five days. It’s…
Amazon stock hit hardest after tech earnings bonanza, despite misses by Apple and Alphabet
Andrew Ross Sorkin speaks with Amazon CEO Andy Jassy during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022…
Southwest faces Senate hearing next week following holiday meltdown
John and Lori Ingoldsby, who drove to Denver after the first leg of their flight on Southwest Airlines was canceled, wait for a flight to finish their trip at Denver…
Biden administration expands EV tax credits in boost for Tesla, Cadillac, others
A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Bing Guan |…
U.S. credit card debt jumps 18.5% and hits a record $930.6 billion
For most Americans, inflation and rising interest rates are a one-two punch. On the heels of another rate hike this week by the Federal Reserve, credit card annual percentage rates…
Ford CEO Jim Farley’s frustration builds as he vows to transform the automaker
Ford CEO Jim Farley is frustrated. The company’s fourth-quarter earnings on Thursday missed analyst expectations by a wide margin, as costs and supply chain issues again hurt Ford’s bottom line,…
Ticketmaster braces for Beyoncé’s ‘Renaissance’ tour amid fears of Taylor Swift-level demand
Robyn Beck | Afp | Getty Images Ticketmaster is gearing up for what’s expected to be high demand for tickets to Beyoncé’s upcoming “Renaissance World Tour,” as the ticketing giant…
Amazon’s cloud business reports 20% growth in fourth quarter, missing estimates
Amazon Web Services CEO Adam Selipsky delivers a keynote address during the AWS re:Invent conference in Las Vegas on Nov. 29, 2022. Noah Berger |Getty Images Amazon said revenue in…
Amazon is shutting some Fresh and Go stores as the company cuts costs
People walk past an Amazon Fresh store in Washington, DC, on August 26, 2021. Nicholas Kamm | AFP | Getty Images Amazon plans to close some Fresh supermarkets and Go…
Apple telegraphed that things are getting better after a tough quarter — here’s how to interpret its remarks
Apple reported a tough December quarter on Thursday, including the company’s biggest quarterly revenue decline since 2016, along with sales drops in its iPhone, Mac and wearables businesses. At first,…