Jonathan Wong
The Latest
-
Amazon Shares Plunge Over 12% Amid Slowing Online Sales Growth and Cautious Outlook
Amazon.com Inc. experienced a significant drop in its stock price on Friday, falling more than 12% following a mixed second-quarter earnings report and a third-quarter forecast that fell short of Wall Street's expectations. The e-commerce giant's shares were trading at around $165, with the stock becoming one of the largest drags on the Nasdaq, poised to lose approximately $188 billion in market value if the losses hold. 
Amazon.com Inc. experienced a significant drop in its stock price on Friday, falling more than 12% following a mixed second-quarter earnings report and a third-quarter forecast that fell short of Wall Street's expectations. The e-commerce giant's shares were trading at around $165, with the stock becoming one of the largest drags on the Nasdaq, poised to lose approximately $188 billion in market value if the losses hold. -
Chevron Follows Exodus from California, Moves HQ to Texas After 150 Years
Chevron Corp. announced on Friday its decision to relocate its headquarters from San Ramon, California, to Houston, Texas. This decision marks the latest in a series of high-profile corporate exits from California, driven by increasingly stringent environmental regulations and business conditions. 
Chevron Corp. announced on Friday its decision to relocate its headquarters from San Ramon, California, to Houston, Texas. This decision marks the latest in a series of high-profile corporate exits from California, driven by increasingly stringent environmental regulations and business conditions. -
Exxon Mobil Posts $9.2 Billion Q2 Profit, Raises Output Target Amidst Pioneer Deal
Exxon Mobil Corporation has reported a substantial second-quarter profit of $9.2 billion, outperforming analyst expectations. The robust earnings were driven by a rise in oil prices and significant volume gains following the acquisition of Pioneer Natural Resources earlier this year. This performance highlights the effectiveness of Exxon's strategic maneuvers in a challenging market landscape. 
Exxon Mobil Corporation has reported a substantial second-quarter profit of $9.2 billion, outperforming analyst expectations. The robust earnings were driven by a rise in oil prices and significant volume gains following the acquisition of Pioneer Natural Resources earlier this year. This performance highlights the effectiveness of Exxon's strategic maneuvers in a challenging market landscape. -
Apple Pins Hopes on AI as China Sales Falter but Beats Earnings Expectations
Apple reported a significant boost in its quarterly profits on Thursday, though the tech giant missed revenue estimates, leading to a slight drop in after-hours trading. The company announced earnings of $13.5 billion for the April-June period, surpassing the $10.99 billion anticipated by industry analysts surveyed by FactSet. 
Apple reported a significant boost in its quarterly profits on Thursday, though the tech giant missed revenue estimates, leading to a slight drop in after-hours trading. The company announced earnings of $13.5 billion for the April-June period, surpassing the $10.99 billion anticipated by industry analysts surveyed by FactSet. -
Amazon's Quarterly Profits Soar, But Revenue Misses Estimates
Amazon reported a surge in its quarterly profits on Thursday, but the company fell short of revenue estimates, leading to a dip in stock prices in after-hours trading. The Seattle-based tech giant revealed that it earned $13.5 billion in the second quarter, exceeding the $10.99 billion anticipated by industry analysts surveyed by FactSet. This marks a significant increase from the $6.7 billion earned during the same period last year. Earnings per share for the quarter stood at $1.26, surpassing the expected $1.03. 
Amazon reported a surge in its quarterly profits on Thursday, but the company fell short of revenue estimates, leading to a dip in stock prices in after-hours trading. The Seattle-based tech giant revealed that it earned $13.5 billion in the second quarter, exceeding the $10.99 billion anticipated by industry analysts surveyed by FactSet. This marks a significant increase from the $6.7 billion earned during the same period last year. Earnings per share for the quarter stood at $1.26, surpassing the expected $1.03. -
Meta Shares Surge on Strong Q2 Earnings and Optimistic Revenue Forecast
Meta, formerly known as Facebook, saw its shares jump by over 6% on Thursday following the release of second-quarter earnings that surpassed Wall Street expectations and a promising revenue forecast. The tech giant reported a revenue increase of 22%, reaching $39.07 billion, up from $32 billion the previous year. This exceeded analysts' predictions of $38.31 billion, according to data from LSEG. 
Meta, formerly known as Facebook, saw its shares jump by over 6% on Thursday following the release of second-quarter earnings that surpassed Wall Street expectations and a promising revenue forecast. The tech giant reported a revenue increase of 22%, reaching $39.07 billion, up from $32 billion the previous year. This exceeded analysts' predictions of $38.31 billion, according to data from LSEG. -
Boeing Appoints Kelly Ortberg as CEO Amid Q2 Revenue Miss and Loss
Boeing announced Wednesday that Kelly Ortberg, former CEO of Rockwell Collins, will take the helm as the new president and CEO starting August 8. Ortberg succeeds Dave Calhoun, who stepped down following a tumultuous period for the aerospace giant. Boeing also reported a wider-than-expected second-quarter loss and revenue miss, reflecting the numerous challenges Ortberg will face as he steps into his new role. 
Boeing announced Wednesday that Kelly Ortberg, former CEO of Rockwell Collins, will take the helm as the new president and CEO starting August 8. Ortberg succeeds Dave Calhoun, who stepped down following a tumultuous period for the aerospace giant. Boeing also reported a wider-than-expected second-quarter loss and revenue miss, reflecting the numerous challenges Ortberg will face as he steps into his new role. -
AMD Shares Surge on Record Data Center Revenue Driven by AI Demand
Advanced Micro Devices (AMD) reported impressive second-quarter results, fueled by record-breaking revenue in its data center segment. The chipmaker posted revenue of $5.8 billion, surpassing analysts' expectations and marking a 9% increase from the same period last year. Despite a net income miss, with $265 million or 16 cents per share falling short of projections, the company's adjusted earnings of 69 cents per share exceeded estimates. 
Advanced Micro Devices (AMD) reported impressive second-quarter results, fueled by record-breaking revenue in its data center segment. The chipmaker posted revenue of $5.8 billion, surpassing analysts' expectations and marking a 9% increase from the same period last year. Despite a net income miss, with $265 million or 16 cents per share falling short of projections, the company's adjusted earnings of 69 cents per share exceeded estimates. -
Starbucks Misses Revenue Estimates as Same-Store Sales Decline for Second Consecutive Quarter
Starbucks reported quarterly revenue that fell short of analysts' expectations, marking the second consecutive quarter of declining same-store sales. The coffee giant faced weaker demand both domestically and internationally. Despite the revenue miss, the company's results were better than investors feared, leading to a more than 5% rise in extended trading. 
Starbucks reported quarterly revenue that fell short of analysts' expectations, marking the second consecutive quarter of declining same-store sales. The coffee giant faced weaker demand both domestically and internationally. Despite the revenue miss, the company's results were better than investors feared, leading to a more than 5% rise in extended trading. -
Microsoft Q4: Cloud Revenue Surges Amid Hardware Sales Slump, Shares Down 5% in After-hours Trading
Despite these gains, Microsoft's shares fell 5% in after-hours trading, reflecting investor concerns over slower-than-expected growth in key areas. 
Despite these gains, Microsoft's shares fell 5% in after-hours trading, reflecting investor concerns over slower-than-expected growth in key areas.
