Roku inventory plummets to report drop after ‘horrible’ earnings

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. ‚ÄúConsumers have begun to curtail discretionary spending and advertisers have dramatically cut spending in the ad-distributed (TV ads purchased … Read more

US inflation rebounds and stays at 40-year excessive, key value gauge reveals

The numbers: A key measure of US inflation surged 1% in June, led by higher fuel prices, suggesting that price pressures in the economy remain acute and are unlikely to ease quickly. The rise in the so-called personal consumption expenditures price index has exceeded Wall Street forecasts. Economists had predicted a 0.9% increase. A narrower … Read more

Amazon shares rise 14% as gross sales beat and AWS progress surpasses second consecutive quarter loss

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

Roku Warning About Hassle within the Promoting Market. Shares are falling.

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

Opinion: Is Mark Zuckerberg taking step one towards turning Fb into Yahoo 2.0?

Yahoo was once the most popular website on the planet, the only place that everyone on the internet seemed to touch at least once during an online session. However, after an unfortunate slide, Yahoo is just another site that has a following with fans in certain parts of Asia and offers some niche products. Did … Read more

Opinion: Is Mark Zuckerberg taking step one towards turning Fb into Yahoo 2.0?

Yahoo was once the most popular website on the planet, the only place that everyone on the internet seemed to touch at least once during an online session. However, after an unfortunate slide, Yahoo is just another site that has a following with fans in certain parts of Asia and offers some niche products. Did … Read more

Opinion: Google and Microsoft earnings present this degree has been downgraded for Large Tech

Alphabet Inc. and Microsoft Corp. Both reported disappointing results on Wall Street on Tuesday, but not only were investors not disappointed, the two actually saw their shares rise in after-hours trading. Amid tough economic signs, tech stocks have tumbled so far this year, and fears of a downturn in Big Tech names have buoyed Wall … Read more

Opinion: Google and Microsoft earnings present this degree has been downgraded for Large Tech

Alphabet Inc. and Microsoft Corp. Both reported disappointing results on Wall Street on Tuesday, but not only were investors not disappointed, the two actually saw their shares rise in after-hours trading. Amid tough economic signs, tech stocks have tumbled so far this year, and fears of a downturn in Big Tech names have buoyed Wall … Read more

Why is the inventory market down as we speak? Dow Drops, Walmart Tanks, Loom Different Revenue

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

‘Stray’ – the online game the place you play as a cat – is disrupting the Web

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