Alphabet Inc.’s stock slipped nearly 5% in extended trading Thursday after the tech giant missed slightly on revenue and earnings in ho-hum quarterly results.
Personal Finance Daily: A record number of U.S. renters spent more than 30% of their income on rent in 2021 and mortgage rates fall to lowest level since mid-September. Freddie Mac says 3 million more people now qualify for a home loan.
Thursday’s top personal finance stories.
Earnings Results: Qualcomm stock falls after forecast misses, CEO says inventory issues will persist
Qualcomm Inc. shares fall in the extended session after the chip maker forecast that inventory clearance would persist in the first half of the year, while its outlook fell just short of the consensus.
Financial Crime: Death and deceit in Malibu: How yogi couple befriended and stole millions from vulnerable rich doctor
Anthony Flores and Anna Moore are accused of pretending to be caretakers for Dr. Mark Sawusch while really having an eye on his $60 million fortune.
Market Extra: Stocks are at Wall Street’s year-end target. It’s only early February.
A sharp rally in technology stocks is driving U.S. stocks higher to start 2023. Were Wall Street strategists too pessimistic?
The Conversation: Cities are questioning the point of parking garages
Planners are abolishing parking requirements, while developers are retrofitting existing structures into housing, concert venues, and even mushroom farms.
Earnings Results: Bill.com stock drops 20% as weak revenue forecast overshadows earnings beat
Bill.com Holdings shares dropped in the extended session Thursday after the business automation software company’s revenue outlook struggled to meet Street.
Earnings Results: Apple earnings show steepest sales decline in more than 6 years
Apple Inc.’s business came under pressure in the holiday quarter, as the company posted its largest revenue decline in more than six years.
Crypto: ‘Crypto is not dead’: Industry insiders react to report that states 72% of institutional traders have no plans to trade crypto in 2023
JP Morgan published a survey stating 72% of institutional traders ‘have no plans to trade crypto,’ but some experts say that’s not the whole story.
Earnings Results: Ford logs $2 billion loss in 2022, says profit was left ‘on the table’
Ford Motor Co. late Thursday reported mixed quarterly results, with Chief Executive Jim Farley saying that the auto maker left $2 billion in profit on the table, referring to the company’s full-year losses.