Articles

Apple just did something unusual. Can it help the stock amid growth woes?

Apple doesn’t usually tease upcoming product events, but an analyst noted its lack of AI talk had “been a sentiment headwind.”

Fast-fashion retailer Shein eyeing Wall Street IPO facing dozens of lawsuits: report

Shein, which apparently has aspirations to list shares on Wall Street, has had nearly 100 copyright cases filed against it to date, the Financial Times reported citing legal filings, on Friday.

Tesla’s largest recall to date affects more than 2 million vehicles

Tesla Inc. is recalling more than 2 million vehicles in the U.S. as a result of a warning-lights problem, marking the electric vehicle maker’s largest recall to date.

Tesla investors should think twice about Elon Musk’s plan to reincorporate in Texas

“There is no home-court advantage in Delaware” — and that appears to be Elon Musk’s biggest gripe.

Oil prices on track for weekly drop

Oil futures are on track for weekly declines.

Mark Zuckerberg has made more money this year than anyone else in the world following surge in Meta’s share price

Meta Platforms CEO Mark Zuckerberg is now the fifth richest person in the world following a surge in Meta’s share price that has seen his net worth increase more than any other individual this year.

Amazon says the ‘magic words.’ They could spur a $100 billion market-cap boost.

Management at Amazon spoke cleanly about AWS’s reacceleration. That was music to Wall Street’s ears.

AbbVie’s fourth-quarter sales top estimates despite plunging Humira revenues

AbbVie on Friday reported fourth-quarter sales that topped analyst estimates, even as it faces low-cost competition for its top-seller Humira.

AI fever fuels ‘big market delusion’ that could leave investors holding the bag

Investors are deluded it they think the dominant players in AI right now will be dominant in the future, warns a market veteran.

Exxon Mobil’s stock gains as profit beat views, offsetting a big revenue miss

The company said it returned a “peer-leading” $32.4 billion to shareholders in 2023, including $14.9 billion through dividends and $17.4 billion through stock repurchases.

Is it a bubble? Magnificent 7 market cap equals the GDP of 11 major cities

So, just how big are the Magnificent Seven tech companies?

Chevron’s stock rises as it returns record sum to shareholders, offsetting a big revenue miss

Oil major’s revenue was about $3.7 billion below consensus as profit was hit by impairment charges.
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