Month: July 2022

Shares of Roku Inc. were tumbling in premarket trading Friday after the streaming company acknowledged a “significant slowdown” in advertising spending that helped propel it to weaker-than-expected results and could persist beyond the latest quarter. “Consumers began to moderate discretionary spend, and advertisers significantly curtailed spend in the ad scatter market (TV ads bought during the quarter),” Roku ROKU, -25.41%

Amazon.com Inc. is jumping further into the food-delivery business by teaming up with Grubhub, just as some analysts say they see the pandemic-induced spike in that market slowing. So what does that mean for dominant U.S. delivery companies Uber Technologies Inc. and DoorDash Inc.? Some analysts say the Amazon AMZN, +12.04% -Grubhub partnership, which was announced in early July, may

July has been a sensational month for stocks — the S&P 500 SPX, +0.74%, Nasdaq Composite COMP, +1.05%, even the beleaguered small-caps in the Russell 2000 RUT, -0.38%, are each on track for their best month since November 2020. It isn’t that the news has been so wonderful, but perhaps less bad than feared. Some companies that have missed on

Scene: A fancy fish market in Georgetown. Economist enters. Shot of pages flying off a calendar or clock hands turning or some other metaphor for time passing that Gen Z will roll eyes at. Ten minutes later, Economist reaches the head of the line. ECONOMIST Good morning! I need something for my sweet tooth. I’d like a pound of jellyfish,

Stock investors have a lot more grieving to do before the bear market breathes its last. According to the five stages of bear market grief, which I addressed in mid-May, we’re currently at stage three. That leaves stages four and five to suffer through; unfortunately, these are the most painful. To summarize, the five stages of bear market grief have

This article is reprinted by permission from NextAvenue.org. In his classic tune “Roll Over Beethoven,” Chuck Berry famously belted: “Roll it over then move on up.” Well, if you’ve saved for years in a 401(k) plan, you’ll want to know how — or whether — to roll it over to move on up when you retire. My “Friends Talk Money” podcast co-hosts Terry

This article is reprinted by permission from NerdWallet.  The arrival of a new baby is all-consuming. In the early weeks, your waking hours are a cycle of feedings, diaper changes and googling “Is it normal for a baby to (fill in the blank).” Mustering the energy — and attention span—for otherwise routine tasks like showering and paying bills can feel

It pays to look around. The number of job switchers reporting wage gains has expanded while the number of job stayers reporting wage gains actually contracted as inflation exacts its toll, according to Thursday findings from the Pew Research Center. Some 60% of workers saw real wage increases from April 2021 to March 2022 after switching jobs, according to Thursday

The Federal Reserve hiked its benchmark rate by 0.75 percentage points on Wednesday in an effort to temper the rising costs of consumer goods and services.  While economists say raising the interest rate will help cool consumer demand and hopefully ease record-high inflation, it will also raise the cost of borrowing for everything from houses to car loans. Lower-income households

As Intel Corp. investors try to parse through the wreckage of its disastrous second quarter, one nagging question will not go away: Which chief executive is to blame for the debacle — current CEO Pat Gelsinger, his predecessor, or rival Advanced Micro Devices Inc. CEO Lisa Su? The chip giant reported a huge second-quarter miss Tuesday, including a nearly $1.6

It may sound like an unusual alliance: an Earth-orbiting space lab and a major comestics brand. But what draws the Center for the Advancement of Science in Space, manager of the International Space Station National Lab, and Estée Lauder together is a necessity to tackle plastic waste. The ISS National Lab on Thursday announced winners for its Sustainability Challenge: Beyond

Amazon.com Inc. decided to cut back after years of pouring money into growth, and the result was a second consecutive quarterly loss, but a beat on sales and continued strong growth from Amazon Web Services helped push the stock higher in after-hours trading Thursday. Amazon AMZN, +1.08% reported a second-quarter loss of $2 billion, or 20 cents a share, on

Apple Inc. battled through supply pressures to show continued revenue growth in its June quarter, with iPhone sales driving better-than-expected performance despite a surprise drop in Mac sales. Executives acknowledged on the company’s earnings call that supply constraints impacted the Mac business and continue to do so, but they expect that overall supply pressures will ease in the September quarter