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The two tech giants at the forefront of artificial intelligence reported strong results on Tuesday, but Microsoft saw an acceleration in cloud revenue due to AI, as Google appears to lag in monetization
Watch today’s US Open for insights on the US yield moderation, the oil industry’s M&A activity, incoming earnings from tech giants like Meta and more
The market seems to be cheering Netflix’s (NFLX.us) Q3 results. Released after the market close last week Wednesday, 18 October, the Q3 results showed that nearly 8.8m net new subscribers were added for the quarter. This is the highest number in years.
Treasury yields are pulling back from their multi-year highs and the index finds some reprieve, turning now to earnings from tech giants like Meta and a series of high-impact economic releases
US oil and gas giant Chevron announced its plans to acquire Hess Corporation, in another sign of the consolidation in the energy industry, just days after ExxonMobil’s deal to buy Pioneer Natural Resources
Tech giants at the forefront of Artificial Intelligence dominate this week’s calendar, with Microsoft, Alphabet, Meta and Amazon reporting
The index heads to a losing week due to elevated bond yields, Mr Powell’s speech where he kept the door open to more hikes and Tesla’s poor results that outweighed the strong report by Netflix
The social media giant announces its latest quarterly results on October 25, running an impressive year, with improved financials and an acceleration in its Artificial Intelligence capabilities
Watch today’s US Open for insights on the strong Q3 results from Netflix and the disappointing report from Tesla, UK’s sticky inflation and more
Tesla released its Q3 earnings yesterday, which were weak and included downbeat comments from CEO Elon Musk. Company adjusted EPS was 66c with disappointing gross margins (excluding regulatory credit sales) of 16.3%. This was lower than the Wall Street estimate of 70c and 17.5% respectively. Operating margin was 7.6%, almost 10% lower than 2022’s comparable.
The US 10-year Treasury yield is trading at 4.97%, just shy of the psychological 5% level. This is likely to weigh on the stock market. In effect, the higher interest rates mean that yields on risk-free treasuries have increased making them compelling to investors. Even those sitting in cash will feel the benefit of the higher yields. Moreover, with these type of returns from yielding assets, it will discourage investing…
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