Markets

The Fed won’t pivot from rate hikes until the end of 2023, according to JPMorgan strategist Julia Wang. Wang pointed to strong GDP and labor market data, which would bolster the economy as the Fed keeps hiking rates.  “The weakness in the economy isn’t really as big or coming as fast as people have expected,”… Continue reading The Fed won’t pivot from its rate hikes until the end of 2023, as inflation is persistent and the economy isn’t slowing as expected, JPMorgan strategist says

Amazon’s stock price dropped 14% in Friday’s premarket as it warned of soft sales in the key holiday season. The online retailer’s market cap is on course to fall below $1 trillion if those losses hold at the open. The world’s biggest e-commerce company warned of an inflation-driven drop in spending and currency headwinds. Loading… Continue reading Amazon stock plummets 14%, on course to lose its trillion-dollar market cap after earnings warning about holiday sales

Quartile was the winner of the 2022 US Scaled Technology Award , /PRNewswire/ — Quartile, the world’s largest e-commerce cross-channel advertising platform, is thrilled to announce it has received the 2022 US Scaled Technology Advertising Award. Quartile is the winner of the first Amazon US Scaled Technology Award This award recognizes partners that leveraged the Amazon… Continue reading Quartile’s E-Commerce Advertising Platform Wins Technology Award from Amazon Advertising

, /PRNewswire/ — Following an extensive international search, Emory University announced today that Ravi I. Thadhani, MD, MPH, has been appointed executive vice president for health affairs (EVPHA). Thadhani also will serve as executive director of Emory’s Woodruff Health Sciences Center and vice chair of the Emory Healthcare Board of Directors. He will begin his… Continue reading Ravi I. Thadhani, MD, MPH, appointed Executive Vice President for Health Affairs at Emory University

Jennifer Sor A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., January 24, 2020. Lucas Jackson/Reuters US stocks traded mixed on Thursday as GDP figures surprised to the upside, quelling some recession fears. The Nasdaq slid on weak tech earnings, with Facebook parent… Continue reading US stocks trade mixed as GDP lifts sentiment while investors brace for next wave of mega-cap earnings

The plunge in tech and growth stocks is the “revenge of the old economy,” Goldman Sachs’ commodities said. Jeff Currie pointed to prior underinvestment in energy and industrials, which has led to supply issues that are fueling problems now. “All of the earnings coming out confirm this idea: the revenge of the old economy. Tech:… Continue reading The freefall in tech and other growth stocks shows Wall Street grappling with ‘the revenge of the old economy’, Goldman Sachs commodities chief says

Meta shares lost almost 20% premarket Thursday after the Facebook parent missed its Q3 earnings target. Sales fell in the quarter, and Meta gave a weak revenue forecast amid an ad spending slowdown. Its metaverse-focused Reality Labs lost $3.7 billion, taking its total losses this year to $9 billion. Loading Something is loading. Thanks for… Continue reading Meta shares crater 20% after its earnings and revenue outlook miss targets

Meta shares slumped nearly 20% in after-hours trade to $104.30 on Wednesday. That slashed $67 billion off Meta’s market value, which was already down half a trillion this year, per Reuters. The drop in Meta’s share price this year has shaved off 61% off Mark Zuckerberg’s net worth. Loading Something is loading. Thanks for signing… Continue reading Zuck refuses to let his metaverse dream die. Wall Street has finally had enough.