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Workers load packages into Amazon Rivian Electric trucks at an Amazon facility in Poway, California, November 16, 2022.Sandy Huffaker | ReutersCheck out the companies making headlines in midday trading.Amazon – The e-commerce giant's stock tumbled 4% despite a revenue beat. Late Thursday, Amazon issued weaker-than-expected guidance for the current period. The company also reported a slowdown in growth within its cloud business.Alphabet — The tech giant saw its shares drop 1% following the aftermath of its disappointing…

These are the stocks posting the largest moves in premarket hours. These are the stocks posting the largest moves in premarket hours. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials,…

New York, NY. - December 7th. Portrait for a profile on Fanatics founder & CEO Michael Rubin at his office in downtown NYC.The Washington Post | Getty ImagesFanatics is moving into livestreamed shopping around collectibles and trading cards, hiring a former Snap and Alphabet executive to launch its new business later this year.Nick Bell, who previously led teams responsible for Google Search experience and was Snap's global head of content and partnerships, will serve as the CEO of Fanatics Live, a new business…

Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesCheck out the companies making headlines in after-hour trading.Meta — The Facebook parent jumped 17% after the company announced a $40 billion stock buyback when reporting quarterly results. Meta beat analysts' estimates for fourth-quarter revenue, according to Refinitiv. Meta also said it lost $13.7 billion in 2022 in the business unit responsible for the metaverse. Google parent Alphabet added 3.7%, while Amazon gained 2%.related investing newsAlign Technology —…

On Dec. 30, leaders of the House and Senate Armed Services committees announced the selection of former Google CEO Eric Schmidt and 11 others to serve on a new federal commission on biotechnology.Tasked with reviewing the biotech industry and suggesting investments that would benefit U.S. security, the National Security Commission on Emerging Biotechnology is expected to have a prominent voice on policy and federal spending in the cutting-edge industry.The appointment, however, doesn't require commission members to divest…

CNBC's Jim Cramer on Monday said that it's time to acknowledge that his group of Big Tech FANG companies — the acronym for Facebook parent Meta Platforms, Amazon, Netflix and Google parent Alphabet that was first coined by the "Mad Money" host — aren't infallible market leaders."FANG has become worthless as a name, an acronym, an amalgam, because of sheer ennui. Nobody cares anymore, nor should they," he said, adding, "The magic is gone. They've got to play by the rules."Stocks fell on Monday ahead of a potential interest…

Traders on the floor of the NYSESource: NYSEHere are the most important news items that investors need to start their trading day:1. Rally faces tests this weekThe January rally has hung in there, weathering a mixed bag of earnings reports and forecast cuts, as well as some soft economic data. This week it will run into some big tests, given the earnings schedule dominated by big tech names (more on that below) and the Federal Reserve's next moves. The Fed's policy-setting committee meets Tuesday and Wednesday. Market…

CNBC's Jim Cramer on Friday said that Wall Street's recent gains could continue next week depending on the Federal Reserve's actions."A decision not to raise rates at all might show too much weakness. A quarter-point with a statement that they'll remain vigilant will allow the bulls to party on," he said.The central bank is set to conclude its first meeting of the year on Wednesday, which Wall Street largely expected to beget a quarter-percentage point interest rate hike. Cramer said he'll also have his eye on the January…

An employee arranges beauty product gift boxes displayed for sale at a Wal-Mart Stores Inc. location in Los Angeles, California.Patrick T. Fallon | Bloomberg | Getty ImagesWalmart said Tuesday it is raising its minimum wage for store employees to $14 an hour, representing a roughly 17% jump for the workers who stock shelves and cater to customers.Starting in early March, store employees will make between $14 and $19 an hour. They currently earn between $12 and $18 an hour, according to Walmart spokeswoman Anne…

Uber Freight has laid off 150 employees, or about 3% of the segment's total headcount.The layoffs impact the division's Digital Brokerage team, Uber Freight CEO Lior Ron said in a Monday message viewed by CNBC. They are the first layoffs since 2020, in the early weeks of Covid lockdowns.Uber launched its freight unit in 2017 with a belief that trucking companies and laden goods could be matched using the same concept that underpinned the company's ride-hailing technology. The unit booked $1.8 billion in revenue for the…