Some of Wall Street’s biggest names are exposed to the Adani Enterprises plunge
Shares of India’s Adani Enterprises have plummeted over the past week after the publication of an extensive critical report from U.S. short-seller Hindenburg Research.
Financial News
Apple sales drop 5% in largest quarterly revenue decline since 2016
Apple’s overall sales for the holiday quarter were about 5% lower than last year’s, the first year-over-year sales decline since 2019. Â
Meta shares soar almost 20% on fourth-quarter revenue beat
Facebook-parent Meta reported revenue for the fourth quarter that topped estimates and gave a forecast suggesting that sales could rise in the first quarter.
AMD beats on sales and profit but warns of a 10% revenue decline in Q1
AMD reported earnings as many of its rival chipmakers have stumbled in recent weeks, citing lower consumer demand for finished electronics.
Everyone’s watching Meta’s earnings report for a hint at how online ads are doing
Meta, Apple, Google, Amazon and Snap are slated to report earnings this week as an economic slowdown and Apple privacy changes weigh on prospects.
Cramer’s week ahead: Fed decision on Wednesday could let the bulls ‘party on’
Cramer also reviewed next week’s roster of earnings.
Tesla just had its best week since May 2013
Tesla shares rose 33% to close their best week since May 2013, boosted by positive economic data and an earnings beat.
CDC urges people with weak immune systems to take extra precautions after Covid subvariants knock out Evusheld
Evusheld was a key antibody treatment taken by people with weak immune systems as an added layer of protection.
Intel shares drop on weak quarterly results and expectations for another quarter of losses
Intel called for a loss in the first quarter, while analysts had expected income. The chipmaker is dealing with a sharper-than-expected PC market contraction.
Tesla reports record revenue and beats on earnings
Electric vehicle maker Tesla reported earnings after the bell. Here are the results.