To make up for its heavy losses this week, the Nasdaq Composite index posted a gain on Friday. Stocks in tech companies benefited from Amazon’s positive quarterly report. The e-commerce giant’s earnings and revenue for the third quarter blew away Wall Street’s projections, and shares of Amazon rose by 5% as a result.
The wife of the off-duty Alaska Airlines pilot who is accused of trying to damage the plane’s engines during flight claims her husband would never intentionally harm anyone.
CEO Jamie Dimon of JPMorgan Chase & Co. is planning to sell shares worth around $141 million, the first such transaction since he took over the helm of the Wall Street behemoth roughly 18 years ago.
Google is updating Maps with a number of new features, some of which are powered by artificial intelligence and meant to streamline the search, exploration, and navigation processes for users. The business is updating the navigation interface, providing EV drivers with more information about chargers, expanding previously announced features to new locations, and more, all with the goal of making it easier to find specific items near you and find inspiration for things to do.
After reporting results and same-store sales that surpassed expectations late Thursday, Chipotle saw its stock price rise 3.8% in Friday’s pre-market trade. There was a lot of action on the company’s Yahoo Finance ticker page.
UPS stock dropped by 6% to a new 52-week low after the company reported better-than-expected earnings but lower-than-expected revenues and reduced its revenue guidance for the whole year. The transportation behemoth followed its rivals in attributing lower volumes and prices to widespread economic uncertainty.
While developing new business lines in video and recruiting, executives at X, the social networking site formerly known as Twitter, have suggested they see YouTube and LinkedIn as prospective competitors.
After providing full-year earnings outlook that was 1% lower than expected, shares of home appliance major Whirlpool tanked today, dropping 16% to three-year lows.
The stock of Groupon rose 7% after investment firm Citadel Advisors revealed a passive holding. Citadel Advisors has 893k shares worth 2.9% of Groupon (NASDAQ:GRPN) in their portfolio.
In Argentina, Nigeria, and Turkey, the price of Bitcoin has reached all-time highs. Even while Bitcoin is still down over 50% from its price record of $69,000 versus the U.S. dollar, it has reached new all-time highs.
Federal Trade Commission Ruling Could Lead to Ban on Apple Watch Imports. A finding that the tech giant infringed on blood-oxygen sensor patents gives it the option of appealing to the Biden administration or exploring other alternatives.
Microsoft has restructured its Xbox and marketing departments to better support its artificial intelligence and gaming initiatives. These alterations occur just over two weeks after the company’s acquisition of Activision Blizzard was finalized.
As of today, the contentious Online Safety Bill in the United Kingdom became law. After years of debate, the legislation that will make the United States “the safest place in the world to be online” has finally become law. It mandates changes in how tech companies must create, run, and moderate their platforms.
The Postal Service stated on Wednesday that law enforcement had made more than 600 arrests since May in response to a rise in mail theft and postal carrier robberies, with some workers being robbed at gunpoint for their outdated universal keys.
Mattel has not yet gotten off the pink smash wave caused by Barbie. Despite profit pressure from various directions, the toy maker reported a 9% increase in net sales to $1.92 billion in the third quarter of 2023, thanks in large part to the continued popularity of Barbie and Hot Wheels toys.
There are serious health concerns associated with giving probiotic supplements to premature infants, according to the U.S. Food and Drug Administration. This comes after the FDA said few weeks ago that it was looking into the death of a premature infant who had been administered a probiotic in the hospital.
Exxon Mobil (XOM), Chevron (CVX), AbbVie (ABBV), and Charter Communications (CHTR) are in the limelight for their earnings reports on Friday, October 27.
Stocks to watch with positive momentum and Buy Rating:
SNDL Group (SNDL), Groupon (GRPN), Chase Bank (JPM), Microsoft (MSFT), GOOGL, Apple (AAPL), Pay Pal (PYPL), Walmart (WMT), Amazon (AMZN), Facebook (META), Tesla (TSLA), Carnival Corporation (CCL), PepsiCo (PEP), Wells Fargo (WFC), Johnson & Johnson (JNJ), Philip Morris International (PM)SNAP INC (SNAP), Exxon Mobil (XOM), Chevron (CVX)
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CWEB News Summarized Breaking, Business and Stock Newsletter October 19, 2023
