Category: Business
-
US tech stocks surge to new highs on strong earnings and robust jobs data
The tech sector was the star of this friday, as Meta Platforms, Amazon, Nvidia and Microsoft all reported better-than-expected earnings and saw their shares soar to new highs. Meta Platforms, formerly known as Facebook, surged 20.3% to close at $474.99, after announcing a record profit, a $50 billion share buyback program and its first-ever cash…
-
Meet Wall Street’s Newest Stock-Split Stock And Its Likely Contender
Wall Street has seen a lot of ups and downs since 2020. The CBOE Volatility Index, which measures how much the market swings, is at its lowest level in years. But investors have also witnessed the three major stock indexes go from bear to bull markets and back again in the past few years. When…
-
World’s Most Renowned Economist Predicts His Forecasts and Tips for 2024
Bloomberg named Christophe Barraud of Market Securities as the top economic forecaster. Bloomberg has consistently ranked him as the top US economy forecaster for the past nine years, from 2012 to 2020. He also holds the record for being the most accurate forecaster of the Eurozone and China’s economies over several years. Barraud, Market Securities’…
-
Johnson & Johnson Beats Expectations With Strong Pharma And Medtech Performance
Johnson &Johnson , one of the world’s largest health-care companies, posted better-than-expected earnings and revenue for the fourth quarter of 2023, thanks to strong performance in its pharmaceutical and medical devices segments. The company also gave its outlook for 2024, projecting sales of $87.8 billion to $88.6 billion and adjusted earnings of $10.55 to $10.75…
-
Netflix and WWE Join Forces, But Co-CEO Says No to More Sports
Netflix has signed a 10-year deal to stream WWE’s Raw, but co-CEO Ted Sarandos says it does not mean the company is interested in live sports rights. Sarandos explained on Netflix’s fourth-quarter earnings call that WWE is different from traditional sports, as it focuses on storytelling and entertainment. He said the deal has flexible terms…
