Shares of Roku Inc. fell to a record drop on Friday after the streaming company admitted a “significant drop” in ad spend helped push it to weaker-than-expected results and could linger beyond the near quarter. best. “Consumers have begun to curtail discretionary spending and advertisers have dramatically cut spending in the ad-distributed (TV ads purchased … Read more
Amazon.com Inc. decided to cut back after years of pouring money into growth and resulting in a second straight quarter loss, but a sales beat and continued strong growth from Amazon Web Services helped propel Stocks edged higher in after-hours trading Thursday. Amazon AMZN, + 1.08% reported a second-quarter loss of $2 billion, or 20 … Read more
Font size Sales fell in Roku’s online music player business. Justin Sullivan / Getty Images Five is the latest victim of a slowing advertising market. Shares of the tethered TV company fell after the streaming company warned investors that slowing advertising and consumer spending would hurt sales. Five (ticker: ROKU) reported a second-quarter net loss … Read more
Font size Kraft Heinz posted adjusted earnings for the second quarter, beating Wall Street expectations. Alex Wong / Getty Images Kraft Heinz announced earnings that beat analysts’ expectations and raised its full-year forecast for organic net sales, but the stock still fell on narrow margins. Kraft (ticker: KHC) reported second-quarter adjusted earnings of 70 cents … Read more
Font size Concerns about inflation and recession have weighed on investors. Ed Jones/AFP via Getty Images The stock market fell on Tuesday after Walmart warns that inflation will eat into its earnings as consumers’ spending habits change. By noon, Dow Jones Industrial Average fell 214 points, or 0.7%, while S&P 500 fell 1.2% and Nasdaq … Read more
The cat is out of the bag – and probably all over your Twitter feed. “Stray”, a new video game for Sony’s SONY, + 3.42% PlayStation and Microsoft MSFT, + 2.08% Windows, allows the player to explore an underground cyberpunk city like a ginger cat trying to find his way back to his family. The … Read more
The cat is out of the bag – and probably all over your Twitter feed. “Stray”, a new video game for Sony’s SONY, + 3.42% PlayStation and Microsoft MSFT, + 2.08% Windows, allows the player to explore an underground cyberpunk city like a ginger cat trying to find his way back to his family. The … Read more