Alphabet shares dropped more than 7% premarket Wednesday after the search giant fell short of Wall Street’s fourth-quarter revenue expectations and announced big spending plans for its ongoing artificial intelligence buildout. The company topped earnings estimates by 2 cents per share. Revenues came in at $96.47 billion, behind the $96.56 billion expected by LSEG. Alphabet’s […]

Disney will report its fiscal first-quarter earnings before the bell on Wednesday. Wall Street expects earnings per share of $1.45 and revenue of $24.62 billion. Investors will focus on the growth of Disney’s streaming business, theme parks, and CEO Bob Iger’s successor. Subscriber growth and profit-driving measures like ad-supported tiers and password-sharing crackdowns will also […]

Alphabet’s earnings fell short of expectations as Google Cloud sales disappointed, causing shares to drop as much as 9%. The company’s revenue missed forecasts, and soaring AI investments have added to investor concerns. Despite the AI spending race continuing, Alphabet’s performance in the cloud sector has not met market expectations. — news from The New […]

President Donald Trump’s sweeping tariffs on imports from China went into effect after midnight on Tuesday, triggering retaliatory levies by Beijing. The U.S. Postal Service has suspended shipments of parcels from China and Hong Kong. Trump defended his tariffs on Truth Social, stating, “MAKE YOUR PRODUCT IN THE USA AND THERE ARE NO TARIFFS!” Economists […]

A bacon, egg, and cheese? In this economy? New York City bodegas and delis are struggling to keep the city’s signature morning sandwich affordable as egg prices soar amid a bird flu outbreak that is forcing farmers to slaughter millions of chickens a month. The breakfast staple — two eggs, a discretionary amount of bacon, […]

Disney will report its fiscal first-quarter earnings before the bell on Wednesday, and Wall Street will be paying close attention to the state of its streaming and theme parks businesses. Investors will also be listening for any details on the search for CEO Bob Iger’s successor. According to analysts polled by LSEG, the expected earnings […]

The U.S. Postal Service has halted parcel service from China and Hong Kong as Trump’s trade curbs begin. This suspension affects the acceptance of incoming parcels from these regions. — news from The New York Times

The record-high egg prices that recently drove Waffle House and other restaurants to start charging more for some dishes are not going away soon, economists say. This week, Waffle House became one of the first national chains to join some smaller restaurants that have introduced surcharges of 50 cents or more per egg, as wholesale […]

The United States Postal Service announced Tuesday night that it is temporarily suspending accepting packages sent from China and Hong Kong until further notice. The suspension is effective immediately, the USPS said. Letters and flats are not included in the suspension, it said. The postal service did not provide a reason for the suspension or […]

Snap (SNAP) posted a surprise profit and better-than-expected 14% increase in revenue for the fourth quarter, the Snapchat parent company said late Tuesday. Snap stock jumped, as investors shrugged off a mixed outlook for the current quarter. Snap said that it earned 1 cent per share on sales of $1.56 billion for the December-ended quarter. […]