Fourth-quarter results from Amazon , due Thursday after the bell, are on traders’ radar as Wall Street awaits updates on the tech giant’s cloud and retail businesses. The e-commerce giant has been undergoing a series of cost-cutting initiatives since late 2022 while establishing itself as an artificial intelligence play. Amazon Web Services, the tech giant’s cloud unit, will also be in focus, particularly after Alphabet reported disappointing cloud revenue earlier this week. In addition, analysts are looking for any insights from Amazon as to what President Donald Trump ‘s tariff threats will mean for its businesses. Tariffs on Mexico and…
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The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Denver Broncos President Damani Leech praised the National Football League’s commitment to diversity amid corporate and government efforts to reduce diversity, equity and inclusion hiring practices.Leech is one of four African American presidents of NFL teams.”I think we’ve all been hired in the last three to four years,” Leech told CNBC Sport from Radio Row in New Orleans ahead of Super Bowl 59. “So I think the progress that the league has made there is pretty tremendous.”The Denver Broncos held a press conference to introduce team president Damani Leech in the team auditorium of UCHealth Training Center in Centennial, Colorado,…
Sopa Images | Lightrocket | Getty ImagesPinterest shares surged as much as 20% after the social media company reported fourth-quarter earnings Thursday that beat on revenue.Here’s how the company did, compared to analysts’ consensus estimates from LSEG:Revenue: $1.15 billion vs. $1.14 billion expectedFourth-quarter EBITDA: $470.9 million adjusted vs. $444.8 million expectedPinterest said its fourth-quarter adjusted earnings per share was 56 cents. That figure is not comparable to analysts’ estimates because the company recorded a deferred tax benefit of $1.6 billion in the fourth quarter.Revenue for Pinterest’s fourth quarter jumped 18% year over year while net income was $1.85 billion, which…
The Athletic has live coverage of the 2025 NBA trade deadline. It’s NBA trade deadline day.The action really kicked off two months before Feb. 6, with the Brooklyn Nets sending Dennis Schröder to the Golden State Warriors, and we’ve been dishing out trade grades on the most notable moves ever since.Here they all are.Feb. 6: Atlanta, LA make late swapClippers get: Bogdan Bogdanović, three second-round picksHawks get: Terance Mann, Bones HylandThe Clippers have been far better than most believed they would be this season. With this deal, they’re potentially getting some offensive help in the backcourt, though Bogdanović has only played 24…
Doximity at the New York Stock Exchange for their IPO, June 24, 2021.Source: NYSEShares of Doximity popped 21% on Thursday after the company reported third-quarter fiscal 2025 results that beat analysts’ expectations for revenue and offered rosy guidance.Here’s how the company did:Earnings per share: 37 cents. That may not compare with the 34 cents expected by LSEG.Revenue: $168.6 million vs. $152.8 million expected by LSEG.Doximity is a digital platform for medical professionals that helps clinicians stay current on medical news, manage paperwork, find referrals and carry out telehealth appointments with patients. The company primarily generates revenue through its telehealth tools, hiring…
Amazon signage during the 2024 CES event in Las Vegas, Nevada, on Jan. 10, 2024.Bridget Bennett | Bloomberg | Getty ImagesCheck out the companies making headlines in extended trading:Amazon — The e-commerce giant fell 2% after issuing weaker-than-expected guidance for the current quarter. Amazon said it forecasts sales in the first quarter between $151 billion and $155.5 billion. Analysts surveyed by LSEG were looking for $158.5 billion. Meanwhile, the company’s fourth-quarter earnings and revenue were above consensus expectations. Take-Two Interactive Software — The video game company jumped nearly 7% despite posting fiscal third-quarter revenue of $1.37 billion. Analysts polled by LSEG…
The New York Stock Exchange welcomes E.l.f. Beauty on March 18, 2024, to celebrate its 20th anniversary of founding.The CEO of E.l.f. Beauty, which manufactures about 80% of its cosmetics in China, told CNBC on Thursday that it was “relieved” the new tariff on Chinese imports is only 10%. The retailer isn’t sure yet if it will need to raise prices. “[It] seems like a weird thing to say, but we actually were somewhat relieved when it was only 10 points because at one time, the rhetoric was as high as 60% tariffs,” Tarang Amin said when discussing his company’s fiscal…
The major market averages could struggle in the short term as the momentum trade fades, and tactical traders may want to look elsewhere for winners, according to Fairlead Strategies founder Katie Stockton. Appearing Thursday on CNBC’s ” Power Lunch ,” Stockton said her team was looking at “countertrend exposure” because of an expected short-term decline for the market as a whole. “We think that the odds are best in stocks that honestly look a little bit different than the S & P 500,” Stockton said. The S & P 500 and other market-cap weighted indexes have become increasingly concentrated in…
General signage before practice for the first round of the 2024 NCAA Tournament at PPG Paints Arena.Charles LeClaire-USA TODAY SportsThe National Collegiate Athletic Association on Thursday updated its transgender student-athlete policy to prohibit trans women from competing in women’s sports, one day after President Donald Trump signed an executive order stating the federal government would defund schools that allow trans women to do so.The new policy says students assigned male at birth may practice with women’s teams and receive related benefits such as medical care, but they are not allowed to engage in formal competition. All students, regardless of gender…
