Thursday’s top personal finance stories.
Earnings Results: Snap stock sinks nearly 20% on revenue miss
Revenue drops 7% to $988.6 million from $1.06 billion a year ago.
Earnings Results: Intel tops Wall Street estimates, CEO says data-center business is improving
Intel Corp. shares began to surge in the extended session Thursday swinging from an earlier loss.
Earnings Results: Pinterest posts earnings beat and announces Amazon ad partnership, but stock sinks 13% on forecast
Pinterest Inc. topped earnings, revenue and subscriber expectations Thursday, but the company missed with its forecast.
The Tell: There’s ‘a disconnect’ between stock-market rally and Fed pivot expectations
This year’s stock market rally has been ‘very narrow’ and may not be sustainable, according to Seema Shah, chief global strategist at Principal Asset Management.
Earnings Results: Amazon stock gives up gains as CFO admits AWS growth rates are declining further
Amazon.com Inc. shares zoomed higher in extended trading Thursday after the company posted its biggest quarterly profit since 2021, but shares turned around after the company’s chief financial officer said in a conference call that cloud revenue is decelerating in the current quarter.
: ‘We are not cutting off trade’: Biden adviser says U.S. seeks to manage competition with China
The U.S. seeks to manage its competition with China and work together where possible, not halt trade between the two countries, says a top Biden adviser.
Earnings Results: T-Mobile boosts its subscriber forecast for the year
T-Mobile US Inc. upped its subscriber expectations for the year as it topped 500,000 postpaid phone net additions in the first quarter.
: Verizon’s stock heads for best day in two years amid sharp rally in communications stocks
The strong daily sector performance is being helped by upbeat results from Meta and Comcast.
Brett Arends’s ROI: Why the debt-ceiling nightmare could become a dream for bond and gold investors
This toxic political standoff could easily go down to the wire, threatening the U.S. with its first-ever technical default, writes Brett Arends.
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