Israel’s output contracted sharply in the final three months of 2023, falling for the first time in nearly two years, as the war with Hamas takes a heavy toll on the economy. Gross domestic product (GDP) plunged 19.4% on an annualized basis compared with the July-to-September quarter, when it grew by a revised 1.8%, Israel’s […]
CEO Warren Buffett called Apple (NASDAQ: AAPL) “a better business than any we own” at Berkshire Hathaway‘s (NYSE: BRK.A) (NYSE: BRK.B) annual shareholder meeting last May. The stock is, by far, the largest holding in Berkshire’s portfolio, a sign of Buffett’s conviction in the company. Yet the Oracle of Omaha decided to sell nearly $2 […]
Getty Images/ Neilson Barnard Stanley Druckenmiller’s company dumped Alphabet and Amazon last quarter, 13F filings show. The firm increased its stake in Microsoft, while buying call options on Nvidia. Druckenmiller has increasingly focused on AI stocks since 2023. Stanley Druckenmiller’s firm has ditched Alphabet and Amazon, boosting bets on two other mega-cap champions instead, a […]
PepsiCo’s profit rose in the fourth quarter thanks in part to lower charges, though revenue declined slightly. The food and beverage company also said Friday that it is boosting its annual dividend by 7% and plans to buy back about $1 billion of its shares. For the three months ended Dec. 30, PepsiCo earned $1.3 […]
NEW ORLEANS (WGNO) — Bayou Blue’s Gift Shop owner Batool Ali has grown frustrated over the years as more illegal street vendors make their way to the French Quarter, selling items similar to hers and resulting in a loss of business revenue. “They took all of the business. People don’t want to walk up to […]
More than half of parents do not feel confident about keeping their children safe online, though over 80 per cent feel it is their responsibility, a study has found. The survey of 900 parents of children aged five to 17 with smartphone access, commissioned by CyberSafeKids and conducted by Amárach research, finds more than a […]
In this video, I will talk about Palantir‘s (NYSE: PLTR) fourth-quarter earnings report. The fourth quarter was its fifth consecutive quarter with positive generally accepted accounting principles (GAAP) net income, which means it continues to be eligible for inclusion in the S&P 500 index. *Stock prices used were from the trading day of Feb. 5, […]
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) has suffered from a lack of respect recently. Despite being an innovator in artificial intelligence (AI) for more than 20 years, investors now question its future in that industry. Moreover, the negative perceptions in the market appeared to persist despite the company delivering respectable results for the fourth quarter. Following […]
Google parent Alphabet took a $1.2 billion charge in the fourth quarter related to exiting office space, a detail that flew largely under the radar in a busy week. – Getty Images Google parent company Alphabet this week reported a $1.2 billion charge in the fourth quarter to exit office space, a notable cost that […]
Exxon Mobil’s fourth-quarter revenue and profits declined along with the price of oil, and the energy giant was weighed down by a hefty impairment charge tied to regulatory issues in California. Still, it posted a healthy adjusted profit and the company raised its quarterly dividend. Shares rose 2% before the market opened Friday. Revenue for […]
Apple provided guidance for the March quarter that disappointed investors. The numbers, provided on Apple’s earnings call Thursday night, are a little messy. CFO Luca Maestri said that in the year ago March quarter, the company had an extra $5 billion in revenue related to unusual dynamics in the iPhone business. After backing out that […]
WASHINGTON(Reuters) – U.S. worker productivity grew faster than expected in the fourth quarter, keeping unit labor costs contained and giving the Federal Reserve another boost in the fight against inflation. Nonfarm productivity, which measures hourly output per worker, increased at a 3.2% annualized rate last quarter, the Labor Department’s Bureau of Labor Statistics said on […]