AMD earnings Q3 2022

AMD President and CEO Lisa Su speaks during an AMD event at CES in Las Vegas on Jan. 6, 2020. Bridget Bennett | Bloomberg | Getty Images Advanced Micro Devices shares rose as much as 4% in extended trading on Tuesday after the chipmaker announced earnings and quarterly guidance that failed to meet Wall Street’s … Read more

The red flag that preceded the halving of global equities in 2000 and 2007 is back, warns Citi

We are a day away from data that could prove a turning point for markets. If Wednesday’s CPI doesn’t reveal some slowing in prices, expectations will rise for a bigger Fed rate hike in September, possibly knocking stocks. But if it swings the other way, especially after surprisingly good jobs data, the view that things … Read more

Consumers are cutting back on restaurant spending, but CEOs say not all chains are affected

Howard Schultz David Ryder | Reuters Some restaurants are reporting weaker sales or declining traffic in the second quarter, signaling that diners are cutting back on eating out to save money. But CEOs are split on how consumer behavior is changing and whether it’s impacting their companies. McDonald’s Chris Kempczinski and Chipotle Mexican Grill’s Brian … Read more

Block stock drops after earnings, as Square’s parent company swings to a loss

Shares of Block Inc. fell 7% in after-hours trading Thursday after the payment-technology company swung to a loss in an earnings report that seemed to cause some controversy about whether the company actually beat or missed expectations on several key metrics. Block SQ, -2.02%, which somewhat recently changed its corporate name from Square, posted a … Read more

AMC takes aim at massive debt burden with ‘APE’ special dividend

AMC Entertainment Holdings Inc. took Wall Street by surprise with the announcement of its “APE” special dividend after market close on Thursday. This, of course, is a company that is no stranger to bold moves, as evidenced by the movie theater chain’s $27.9 million investment in gold and silver miner Hycroft Mining Holding Corp. HYMC, … Read more

AMC announces special dividend in the form of ‘Ape’ preferred shares; stock falls

AMC Entertainment Holdings Inc.’s stock fell by more than 10% in extended trading on Thursday after the company announced a special dividend in the form of “Ape” preferred shares. The dividend marks the latest move in a fight over stock issuances. AMC Entertainment Holdings Inc. AMC, +2.47% has turned to the special dividend after it … Read more

Alibaba (BABA) fiscal earnings Q1 June quarter

Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Alibaba reported fiscal first-quarter earnings on Thursday that beat … Read more

PayPal stock rockets after earnings as Elliott investment, cost cuts soothe concerns

After seeing its shares lose roughly two-thirds of their value in the past year, PayPal Holdings Inc. delivered a packed earnings report Tuesday, announcing a new chief financial officer, buyback authorization and cost-savings program, while also confirming that activists at Elliott Management Corp. have taken a stake in the company. Additionally, the company topped expectations … Read more

AMD stock slips as revenue forecast dips below Street consensus

Advanced Micro Devices Inc. shares declined in the extended session Tuesday after the chip maker’s revenue forecast fell below the Wall Street consensus after posting record sales, topping Street expectations and reporting a huge surge in data-center sales. AMD AMD, +2.59% reported second-quarter net income of $447 million, or 27 cents a share, compared with … Read more

What Cramer is watching Tuesday — oil outlook, Pinterest and Uber soar, Caterpillar stumbles

What I am looking at Aug. 2, 2022 Is it oil over? I thought it had staying power here but a chartist who called the West Texas Intermediate crude top at about $110 per barrel on “Mad Money,” Carley Garner, now says next stop is $85 to $80 range. WTI under $94 per barrel Tuesday … Read more