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Applovin’s blowout earnings forecast helps send its stock soaring

Applovin had a strong holiday season that helped power it to better-than-expected results for the latest quarter.

Biden winning re-election would be ‘very, very’ surprising, says nonpartisan forecaster Charlie Cook

Political analyst Charlie Cook on Wednesday said he doesn’t expect President Joe Biden to win re-election in November, offering his forecast at a National Association for Business Economics conference.

Berkshire Hathaway loads up on shares of Sirius XM and Chevron, exits home builder D.R. Horton

Warren Buffett’s Berkshire Hathaway Inc. loaded up on shares of Sirius XM Holding Inc. and Chevron Corp. in the fourth quarter, while selling out of a previous stake in home builder D.R. Horton Inc., according to regulatory filings.

Fed’s Barr says banking system is strong despite New York Community Bancorp’s woes

The recent troubles at New York Community Bancorp Inc. are not a sign of systemic problems in the U.S. banking system, a top Federal Reserve official said Wednesday.

Fastly’s stock tanks 20% on mixed quarter for cloud-computing company

Revenue falls short of Wall Street expectations, and Fastly’s shares drop more than 20%.

Druckenmiller dumps Alphabet, Amazon and Broadcom but Nvidia remains largest holding

The chipmaker, which Druckenmiller touted early last year, comprised roughly 16% of his total stock holdings.

Correlation between bitcoin and stock market may rise again. It’s all about ETFs.

A weekly look at the most important news and moves in crypto, and what’s on the horizon in digital assets.

Cisco Systems’ stock dips on lowered guidance, 5% job cuts

Cisco Systems Inc. announced a restructuring plan on Wednesday that includes job cuts of 5%, or about 4,200 people, on lower quarterly and fiscal-year guidance.

MGM’s hotels charged $1,000 a night on average for the Super Bowl, but the stock suffers a hangover

MGM Resorts beat fourth-quarter earnings expectations, and said the Super Bowl effect was surprisingly “amazing,” but the casino and hotel operator’s stock continued to suffer from a post-game hangover.

Twilio’s stock moves lower after earnings as revenue forecast comes in light

The company exceeded revenue expectations for its just-completed quarter.

Big Lots, Express and Children’s Place could spell more trouble for commercial real estate, Barclays says

Corporate bankruptcies in January touched their highest level since 2020, according to Epiq Bankruptcy and Barclays.

Michael Burry’s Scion Asset Management scoops up shares of Alphabet, Amazon

Michael Burry’s Scion Asset Management scooped up shares of Alphabet Inc. and Amazon.com Inc. during the fourth quarter of 2023
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