Meta stock spikes despite earnings miss, as Facebook hits 2 billion users for the first time and sales guidance quells fears

Meta Platforms Inc. shares soared in after-hours trading Wednesday despite an earnings miss, as the Facebook parent company guided for potentially more revenue than Wall Street expected in the new year and promised more share repurchases amid cost cuts. Meta Meta, +2.79% said it hauled in $32.17 billion in fourth-quarter revenue, down from $33.67 billion … Read more

Snap Warns of Sales Drop After Revenue Growth Stalls

Business Earnings Snapchat’s parent company is struggling to revive growth with the digital advertising market in upheaval

Ford Cuts Prices of EV Mustang Mach-E

Business The move comes after Tesla slashed prices on a number of its models in the US

Amazon Raises Price Minimum for Free Online Grocery Delivery

Business Prime members will have to spend over $150 for free delivery on Amazon Fresh orders, up from $35

Why Auto Marketing Looks Poised for Growth in 2023

Auto companies’ marketing spending last year appears to have declined less than some observers expected, buoyed by big branding efforts designed with the future in mind—and the transition to electric vehicles in particular. The automotive industry in 2022 suffered from economic concerns, inflation and supply constraints due to production disruptions. A year like that might … Read more

Opinion: Intel just had its worst year since the dot-com bust, and it won’t get better anytime soon

Intel Corp. ended 2022 with its worst financial results since the dot-com bust more than 20 years ago, thanks to a double whammy of a downturn in both PCs and data centers that isn’t going to turn around anytime soon. Intel’s INTC, +1.31% annual earnings fell more than 60% in 2022, and revenue for the … Read more

TikTok’s digital ad market share is growing. How will Google and Facebook react?

The clock is ticking on US social media companies’ dominance in digital advertising. TikTok, a favorite among those under 30, is gobbling up market share to the detriment of Alphabet Inc.’s GOOGL, +1.98% GOOG, +2.02% Google, Facebook parent company Meta Platforms Inc. META, +3.65%, and Snap Inc. SNAP, +4.65% — all of whom report quarterly … Read more

ASML Sees Chip Market Rebound, Says China Controls Aren’t Hurting Business

Text size ASML’s lithography machines are key equipment to produce the most advanced semiconductors. Emmanuel Dunand/AFP via Getty Images ASML Holding, a critical supplier to the global chip-making industry, said Wednesday that it expects to report more than 25% sales growth this year despite uncertainty in the semiconductor industry amid efforts by the US to … Read more

ASML Profit Tops Expectations. It Sees a Chip Market Rebound.

Text size ASML’s lithography machines are key equipment to produce the most advanced semiconductors. Emmanuel Dunand/AFP via Getty Images ASML Holding, a critical supplier to the global chip-making industry, said Wednesday that it expects to report more than 25% sales growth this year despite uncertainty in the semiconductor industry, after it beat analysts’ expectations for … Read more

Microsoft’s Cloud Doesn’t Quite Cover All – The Wall Street Journal

Microsoft’s Cloud Doesn’t Quite Cover AllThe Wall Street Journal