Meta shares jumped about 7% in extended trading on Wednesday after the company beat Wall Street estimates for revenue and profit and issued a better-than-expected forecast for the current period.Here are the results, compared to LSEG estimates:Earnings: $5.16 a share vs....
This month's pullback in technology stocks puts the pressure on Meta Platforms to wow investors when it reports results, and prove that its ambitious artificial intelligence visions are worth the steep investment. Analysts expect the social media giant to earn...
WASHINGTON – Federal Reserve officials on Wednesday held short-term interest rates steady but indicated that inflation is getting closer to its target, which could open the door for future interest rate cuts.Central bankers made no obvious indications, though, that a...
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in June.Text removed from the June statement is in red with a horizontal line through the middle.Text appearing for the first time in...
Microsoft CEO Satya Nadella, right, greets OpenAI CEO Sam Altman during the OpenAI DevDay event in San Francisco on Nov. 6, 2023.Justin Sullivan | Getty Images News | Getty ImagesMicrosoft's relationship with OpenAI has officially become more complicated.On Tuesday, Microsoft...
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during an interview on "The Circuit with Emily Chang" at Meta headquarters in Menlo Park, California, US, on Thursday, July 18, 2024. Jason Henry | Bloomberg | Getty ImagesFor investors who are...
Top view of Seoul in the morning in autumn 2016.Natthapol Bussai | Moment | Getty ImagesAsia-Pacific markets are set to open mixed on Thursday, after comments from U.S. Federal Reserve Chair Jerome Powell indicated that a rate cut could come...
The cooling required for Nvidia's GPU server rack systems in data centers is set to create a $4.8 billion market by 2027, according to Morgan Stanley Liquid cooling systems are the solution to "power shortage pressures" in data centers, the bank said...
Qualcomm president and CEO Cristiano Amon speaks at a news conference during CES 2022 in Las Vegas, Nevada, U.S. January 4, 2022.Steve Marcus | ReutersQualcomm reported fiscal third-quarter earnings on Wednesday that beat Wall Street expectations, particularly for sales, and...
In an aerial view, a sign is posted on the exterior of a Carvana car vending machine on July 19, 2023 in Daly City, California. Justin Sullivan | Getty ImagesShares of Carvana jumped as much as 14% during after-hours trading Wednesday...
