Job creation in October slowed to its weakest pace since late 2020 as the impacts of storms in the Southeast and a significant labor impasse dented hiring plans. Nonfarm payrolls increased by 12,000 for the month, down sharply from September and below the Dow Jones estimate for 100,000, the Bureau of Labor Statistics reported Friday….
In a Thursday interview with CNBC’s Jim Cramer, Clorox CEO Linda Rendle detailed how her company managed to recover after a cyberattack last year disrupted production and seriously hurt business. “We entered this fiscal year with strong operational momentum, we had fully restored distribution, we had fully restored supply and most of our market share,”…
Dominika Zarzycka | Nurphoto | Getty Images Amazon’s online advertising business brought in $14.3 billion in the third quarter, up 19% year over year, in line with analysts’ estimates of $14.3 billion. The Seattle tech giant revealed the financial results of its growing advertising unit as part of its latest earnings report Thursday. Amazon’s overall…
Matt Garman, CEO of Amazon Web Services, speaks during The Wall Street Journal’s Tech Live conference in Laguna Beach, California, on Oct. 21, 2024. Frederic J. Brown | AFP | Getty Images Amazon said revenue in its cloud unit increased 19% in the third quarter, just missing analyst estimates. Revenue at Amazon Web Services totaled…
CNBC’s Jim Cramer on Thursday told investors not to get scared off when a company posts good earnings results but issues more modest guidance, as it doesn’t always mean that management is worried about the future. “Some money managers are dumbfounded when a very good company reports a very good quarter but then issues a…
Boeing workers from the International Association of Machinists and Aerospace Workers District 751 gather on a picket line near the entrance to a Boeing production facility on the day of a vote on a new contract proposal during an ongoing strike in Renton, Washington, U.S. October 23, 2024. David Ryder | Reuters Boeing and its…
Amazon CEO, Andy Jassy speaking with CNBC’s Jim Cramer on Mad Money in Seattle, WA. on Dec. 6th, 2023. CNBC Amazon CEO Andy Jassy is trying to reassure investors who may be worried about the future payoff of the company’s massive investments in generative artificial intelligence. On a conference call with analysts following the company’s…
BlackRock’s iShares is trying to appeal to investors who want to diversify beyond from the so-called Magnificent Seven. The firm launched the iShares Top 20 U.S. Stocks ETF (TOPT) this month. It doesn’t just hold the Magnificent Seven — Apple, Amazon, Meta, Alphabet, Microsoft, Nvidia and Tesla. It’s made up of the 20 largest U.S….
Intel CEO Pat Gelsinger holds an artificial intelligence processor as he speaks during the Computex conference in Taipei, Taiwan, on June 4, 2024. Annabelle Chih | Bloomberg | Getty Images Intel shares rose 9% in extended trading on Thursday after the chipmaker reported better-than-expected revenue and issued quarterly guidance that topped estimates. Here’s how the…
The Coinbase logo is displayed on a mobile phone screen with stock market percentages in the background. Idrees Abbas | Sopa Images | Lightrocket | Getty Images Coinbase shares were under pressure Thursday, a day after the company reported weaker-than-expected earnings and gave a tepid revenue outlook for the current quarter. The stock lost 14.3%,…
