Retail

The cloud boom has hit its stormiest moment yet, and it is costing investors billions

The cloud boom has hit its stormiest moment yet, and it is costing investors billions

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The cloud boom has finally reached a resting altitude, but Wall Street is doing anything but resting. Amazon.com Inc. AMZN, -4.06%, the original pioneer in cloud computing, confirmed Thursday what rivals Microsoft Corp. MSFT, -1.98% and Alphabet Inc. GOOGLE, -2.85% GOOG, -2.34% suggested with their earnings reports earlier in the week: Cloud-computing growth has finally …

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Rarely-humbled Goldman Sachs concedes missteps in plan to take on megabanks in retail finance

Rarely-humbled Goldman Sachs concedes missteps in plan to take on megabanks in retail finance

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David Solomon, Goldman Sachs, at the Marcus event Goldman Sachs CEO David Solomon is reining in his ambition to make the 153-year-old investment bank a major player in US consumer banking. After product delays, executive turnover, branding confusion, regulatory missteps and deepening financial losses, Solomon on Tuesday said the firm was pivoting away from its …

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These 11 stocks can lead your portfolio's rebound after the S&P 500 'earnings recession' and a market bottom next year

These 11 stocks can lead your portfolio’s rebound after the S&P 500 ‘earnings recession’ and a market bottom next year

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This may surprise you: Wall Street analysts expect earnings for the S&P 500 to increase 8% during 2023, despite all the buzz about a possible recession as the Federal Reserve tightens monetary policy to quell inflation. Ken Laudan, a portfolio manager at Kornitzer Capital Management in Mission, Kan., isn’t buying it. He expects an “earnings …

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Rite Aid bosses blame out-of-control NYC shoplifting for $5M revenue hit

Rite Aid bosses blame out-of-control NYC shoplifting for $5M revenue hit

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Top Rite Aid executives grumbled about a widespread shoplifting problem in New York City after the retailer reported worse-than-expected quarterly results on Thursday. Rite Aid CEO Heyward Donigan told analysts the company “experienced unexpected headwinds this quarter from front-end shrink, particularly in our New York urban stores.” Donigan noted the company has begun “shrinking our …

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First review of retail Intel Core i9-13900K "Raptor Lake" CPU emerges - VideoCardz.com

First review of retail Intel Core i9-13900K “Raptor Lake” CPU emerges – VideoCardz.com

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Unlimited Core i9-13900K tested Over at Bilibili, one can find a comprehensive review of a retail version of the Core i9-13900K processor, the flagship Raptor Lake desktop CPU that is supposedly coming out next month. The review is a collaboration between ECSM_Official and OneRaichu, and it is divided into several parts. Naturally, we won’t spoil …

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Tired of losing money? Here are 2 reasons why retail investors always lose

Tired of losing money? Here are 2 reasons why retail investors always lose

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A quick flick through Twitter, any social media investing club, or investing-themed Reddit will quickly allow one to find handfuls of traders who have vastly excelled throughout a month, semester, or even a year. Believe it or not, most successful traders cherry-pick periods or use different accounts simultaneously to ensure there’s always a winning position …

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The Meta meltdown: This chart shows Facebook's fall from grace among the most valuable US companies

The Meta meltdown: This chart shows Facebook’s fall from grace among the most valuable US companies

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Dogged by competitive and macroeconomic threats, Meta Platforms Inc. is sinking down the ranks of the largest US companies. After a 9.4% daily slide in its stock, Meta META, -9.37% ranked 10th by market value as of Tuesday’s close, falling below Visa Inc. V, -3.37% for the first time since the beginning of August. Meta, …

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These five stocks in the S&P 500 lost almost half a trillion dollars in value in one day amid widespread wipeout

These five stocks in the S&P 500 lost almost half a trillion dollars in value in one day amid widespread wipeout

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A decline in gasoline prices could not mask the problem that spooked investors on Sept. 13: Core consumer prices resumed their rapid increase during August. Fear of the Federal Reserve’s ongoing tightening of monetary policy to fight inflation sent the Dow Jones Industrial Average DJIA, -3.94% down 1,276 points (or 3.9%) to 31,104, with all …

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