Shares of ZipRecruiter Inc. dropped more than 12% in the aftermarket Tuesday after the job-posting site reported quarterly earnings above expectations but said employers are more reluctant to pay for job ads and the number of job openings has dwindled. ZipRecruiter ZIP, +1.93% earned $14.4 million, or 14 cents a …
Devamını oku »China’s Exports Fell More Than Expected in July
China’s exports fell more than expected in July, dragged by continued weakness in global demand, official data showed Tuesday. Outbound shipments dropped 14.5% from a year earlier in July, compared with the 12.4% decline in June, the General Administration of Customs said. The result was worse than the 12.0% fall …
Devamını oku »Kyndryl’s stock rallies more than 15% after IBM spinoff forecasts pretax profit this year
Kyndryl Holdings Inc. shares rallied in the extended session Tuesday after the managed infrastructure-service company posted a surprise break-even quarter and forecast pretax profit this year. Kyndryl KD, -2.12% shares surged more than 15% after hours, following a 2.1% decline in the regular session to close at $12.45, while the …
Devamını oku »Fed’s Bowman says more interest-rate hikes will likely be needed
The Federal Reserve will likely need to raise interest rates even higher to bring inflation down to tolerable levels, Fed Gov. Michelle Bowman said Saturday. Speaking at a meeting of the Kansas Bankers Association in Colorado, Bowman — a former Kansas banking regulator — said she expects “that additional rate …
Devamını oku »Earnings have beaten Wall Street estimates by more than usual in 2nd quarter, but 3rd quarter isn’t looking great
Online retail giant Amazon.com Inc.’s AMZN, +8.27% second-quarter results and third-quarter forecast sales last week were a bet that more consumers would start buying more things, but Wall Street’s expectations for the third quarter overall have only grown dimmer. With most of the 500 companies that make up the S&P …
Devamını oku »The U.S. debt will rise by more than $5 billion — every single day for the next decade
As the investment world still comes to grips with the Fitch Ratings decision to downgrade the U.S. debt rating, here’s an eye-popping statistic: the U.S. government’s debt will rise by $5.2 billion — every single day for the next decade. That’s according to the latest missive from Bank of America …
Devamını oku »Uber issues civil-rights audit as drivers complain of deactivations and more
Uber Technologies Inc. released its civil-rights audit on Friday, an outside review it agreed to undergo last year after pressure from shareholders, to mixed reactions. Shareholder groups had submitted a proposal expressing concerns about the effects of Uber’s policies and practices on the civil rights of all stakeholders in the …
Devamını oku »Opinion: AMD’s AI era to begin near year’s end, but it’s looking more like a 2024 story
Advanced Micro Devices Inc. needs to flawlessly execute the launch of its first graphics chips targeted to the AI market, amid big expectations for the second half of the year, which now seem hinged specifically on the fourth quarter. Even as AMD AMD, +2.80% forecast better-than-expected revenue for its third …
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