Tag Archives: big tech

As the Federal Reserve prepares to cut interest rates, investors are eagerly anticipating a broader market recovery. While the Fed’s actions will undoubtedly provide a supportive environment, it’s crucial to recognize that earnings growth is the true catalyst for the S&P 500’s rebound.Beyond Big Tech: A Broad-Based RallyWhile Big Tech …

Alphabet Inc, the parent company of Google, found itself on the wrong side of investor expectations as holiday ad sales fell short, leading to a six percent drop in its shares during after-hours trading. The company also disclosed plans for increased spending on components like servers running artificial intelligence (AI), …

Google’s parent company; Alphabet, reported Q2 earnings on Tuesday, beating expectations on both the top and bottom lines, sending the stock up as much as 6% in after-hours trading. Google ad revenues totaled $58.14 billion in the quarter, better than the $57.5 billion expected and $56.3 billion reported in the …

On Wednesday, Wall Street’s Big Tech will return.As investors continue to employ the strategies that have been successful for them over the previous ten years, the tech sector continues to be the primary driver of the major US stock indices. Investors are still primarily focused on discussions regarding lifting the …

Nasdaq 100 futures fell slightly Monday evening after stocks bounced in the afternoon and ahead of Big Tech earnings. Futures tied to the tech focused index fell 0.1%. Dow Jones Industrial Average futures and S&P 500 futures were little changed.In regular trading Monday, the Nasdaq Composite jumped 1.3%. The Dow …

Facebook Inc. announced better-than-expected results during the third quarter of this year, but revenue and the number of active users failed to meet estimates. The results of the business of the company that owns the social networking site revealed that the net profit amounted to 9.19 billion dollars in the …

U.S. stock indexes rose on Monday as growth and financial stocks gained, shrugging off inflation concerns in the run up to third-quarter earnings reports from later this week.The S&P 500 financial sector index rose 0.7%, while banks added 0.6% ahead of earnings reports from JPMorgan Chase & Co and Bank …

Agustín Carstens, general manager for the Bank of International Settlements (BIS) warned of Big Tech’s increasing reach into financial servicesCarstens said that Big Tech needs monitoring as it broadens its scope of services into credit and beyond. He added that Facebook’s Diem, in particular, needs scrutiny.Carstens delivered his remarks as …