Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon reported better-than-expected earnings and revenue for the third quarter, driven by growth in its cloud computing and advertising businesses. The stock ticked about 5% higher in extended trading. Here […]

You could illustrate the dictionary definition of “bummer” with a graph of recent mortgage rates. The 30-year fixed-rate mortgage has now climbed for six weeks in a row. It averaged 6.75% in the week ending Oct. 31, according to rates provided to NerdWallet by Zillow. That’s up 15 basis points from the previous week, and

Microsoft CEO Satya Nadella speaks at a company event on artificial intelligence technologies in Jakarta, Indonesia, on April 30, 2024. Dimas Ardian | Bloomberg | Getty Images Microsoft‘s better-than-expected earnings report wasn’t enough to prevent the stock’s steepest sell-off in two years, as investors instead focused on the company’s forecast for the current period. Microsoft

Key Takeaways Although inflation has been cooling, voters may remember the 2022 price spike when they go to the polls this year. Inflation hasn’t been this high during election season since 2008 during the financial crisis. Although inflation has typically been below 4% during presidential elections over the past two decades, voters in 1980 faced

The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024. Matt Cardy | Getty Images News | Getty Images British oil giant Shell on Thursday posted a small year-on-year drop in third-quarter profit as a sharp decline in crude prices and lower refining margins were partially offset

Key Takeaways Microsoft stock slumped on Thursday after the company’s current-quarter revenue outlook fell short of Wall Street estimates, overshadowing a better-than-expected fiscal first quarter. Growth as Microsoft’s cloud-computing unit is expected to slow this quarter as the company continues to struggle to meet surging AI demand. Analysts remained bullish on the stock, citing an

The Super Micro Computer Inc. headquarters in San Jose, California, U.S., on Tuesday, Jan. 5, 2021.  Bloomberg | Bloomberg | Getty Images In March, Super Micro Computer was added to the S&P 500 after an epic run that lifted the stock by more than 2,000% in two years, dwarfing even Nvidia’s gains. As it turned

With the holiday shopping season inching earlier every year, one of the biggest questions for shoppers comes down to timing: When should you start buying gifts? If you start too soon, you could miss out on some of the best sales. But if you start too late, you could pass up your chance at discounts

For decades, big tech has been hunting for the next game-changing technology that could transform people’s lives and add trillions to the global economy. Many think generative artificial intelligence (AI) could be the one. And Nvidia (NVDA -1.36%) has benefited from a surge in demand for its AI-capable chips to power the new industry. But

U.S. stock futures are down as market watchers evaluate disappointing earnings from Magnificent Seven firms; Meta Platforms (META) shares are falling in premarket trading despite beating earnings estimates as spending levels worry investors; Microsoft (MSFT) stock is down after its cloud services revenue came in below analysts’ expectations; the Personal Consumption Expenditures (PCE) inflation index