Amazon topped revenue expectations last quarter, but investors got spooked when it warned that growth...
Amazon topped revenue expectations last quarter, but investors got spooked when it warned that growth in its highly profitable cloud unit was slowing.
New York City’s MTA said it would stop posting service updates on Twitter, saying the platform was “no longer reliable.”
A San Francisco office tower that was sold for $300 million in 2019 is now on sale for ~$60 million, reflecting the rough shape of the office sector in downtown SF.
Here’s how the AI race played out on Big Tech’s earnings calls.
Ethereum, the world’s second-largest cryptocurrency, reduced its emissions by 99.99% after switching its network model from “proof of work” to “proof of stake.”
On the first night of the NFL draft, the Carolina Panthers ...
On the first night of the NFL draft, the Carolina Panthers selected Alabama quarterback Bryce Young as the first pick, and with the second pick, the Houston Texans drafted Ohio State signal-caller C.J. Stroud. Elsewhere in the NFL, the Baltimore Ravens and former MVP QB Lamar Jackson agreed to a five-year deal worth $260 million, making Jackson the highest-paid player in the league. Jalen Hurts—it was fun while it lasted.
Benchmark U.S. crude oilfor June delivery rose 46 cents to $74.76 a barrel Thursday. Brent crude for June delivery rose 68 cents to $78.37 a barrel.
Wholesale gasolinefor May delivery fell 2 cents to $2.53 a gallon. May heating oilfell 2 cents to $2.35 a gallon. June natural gas rose 5 cents to $2.36 per 1,000 cubic feet.
Baytex Raises Capital for $2.5 Billion Ranger Oil Deal
Canada’s Baytex Energy Corp. moved a step closer toward finalizing its purchase of Ranger Oil...
Canada’s Baytex Energy Corp. moved a step closer toward finalizing its purchase of Ranger Oil Corp.'s Eagle Ford assets with the closing of its private offering of $800 million aggregate principal amount of senior unsecured notes.
The gross proceeds went into escrow pending satisfaction of release conditions. Proceeds will help fund the cash portion of the $2.5 billion Ranger Oil acquisition, which is expected to close in the second quarter of 2023.
Dow ends up over 500 points, Nasdaq jumps 2.4% in earnings-fueled rally
Major U.S. stock indexes posted big gains on Thursday as Meta...
Major U.S. stock indexes posted big gains on Thursday as Meta and other major technology companies embolden bullish investors with better earnings results than anticipated.The Dow Jones Industrial Average DJIA, +1.57% rose about 524 points, or 1.6%, ending near 33,826, while the S&P 500 index SPX, +1.96% gained 2%, according to preliminary FactSet figures. That marked the best daily percentage gains for both since Jan. 6, according to Dow Jones Market Data. The Nasdaq Composite Index COMP, 2.43% led the charge higher Thursday, jumping 2.4%, its best daily advance since Feb. 2. Meta Platforms Inc.’s META, +13.93% said Wednesday that the company’s profit declined less than expected in the first three months of 2023, and a revenue forecast pointed toward reinvigorated sales growth.
