Investors have turned their backs on tech stocks after a series of disappointing results from the biggest names in the industry, including Apple, Google’s parent Alphabet, Microsoft, Amazon and Facebook parent Meta.
By Edward Moya US stocks have been struggling for direction all week after a mixed bag of earnings was accompanied with economic data that supports the idea that the economy is weakening.
Over the years, tech giant Amazon has acquired or invested in more than a hundred companies, helping diversify its core revenue and moving deeper into several sectors. After the company announced it’s
By Craig Erlam Equity markets stabilised a little in the middle of the week, with big tech earnings failing to steer them significantly one way or another. It’s been a mixed bag
By Jeffrey Halley Equity markets were higher in Asia Thursday as US index futures rallied after Facebook-parent Meta posted minuscule growth in user numbers, along with robust financials. The results came too
Amazon has established itself as an eCommerce giant attracting a significant number of shoppers worldwide, resulting in Amazon.com ranking among the top-visited global websites. According to data acquired by the financial platform
Prime Day 2021 generated the highest sales for Amazon so far, but had less impact than the 2020 event, according to a recent market survey. Although the eCommerce giant generated around $11.2
The average employee at an S&P 500 company would need about 300 years to match what the firm’s CEO made last year, with a chief executive’s average earnings estimated at $15.5 mln.
By Hussein Sayed, Chief Market Strategist at FXTM Federal Reserve Chairman, Jerome Powell, did a credible job on Wednesday of keeping monetary policy unchanged, while still managing to meet markets expectations in
By Hussein Sayed, Chief Market Strategist at FXTM Stocks continued to plunge on Monday after US equities experienced their worst week since August. The spike in the Volatility Index (VIX) on