Meta’s Reality Labs loses $4.65 billion in Q4 ahead of Vision Pro

Meta’s Reality Labs loses .65 billion in Q4 ahead of Vision Pro

Mark Zuckerberg, CEO of Meta Platforms, demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York on Oct. 11, 2022. Michael Nagle | Bloomberg | Getty Images Meta continues to sink billions of dollars a quarter into developing the metaverse, and is just now facing its first real competitive threat from … Read more

Apple (AAPL) earnings report Q1 2024

Apple (AAPL) earnings report Q1 2024

Apple reports fiscal first-quarter earnings after the bell. The quarter, which ends in December, is Apple’s biggest of the year by sales and the first full sales period for the iPhone 15, which launched in September. Apple faces significant challenges, coming off four straight quarters with revenue declines. Investors will be closely watching to see … Read more

Meta to report fourth-quarter earnings after the bell

Meta to report fourth-quarter earnings after the bell

Meta’s CEO Mark Zuckerberg attends the Senate Judiciary Committee hearing on online child sexual exploitation at the U.S. Capitol in Washington, U.S., January 31, 2024.  Evelyn Hockstein | Reuters Meta will report fourth-quarter earnings after the bell on Thursday. Here’s what analysts surveyed by LSEG, formerly Refinitiv, are expecting: Earnings: $4.96 per share Revenue: $39.18 billion … Read more

Hopes sink for March rate cuts

Hopes sink for March rate cuts

A trader works, as a screen displays a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023.  Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our international markets … Read more

Dashed hopes for March rate cuts

Dashed hopes for March rate cuts

Traders work on the floor of the New York Stock Exchange during morning trading on January 31, 2024 in New York City.  Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more

Qualcomm (QCOM) earnings report Q1 2024

Qualcomm (QCOM) earnings report Q1 2024

Cristiano Amon, CEO of Qualcomm, responds to a question during a keynote conversation at CES 2024, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S. January 10, 2024.  Steve Marcus | Reuters Qualcomm reported fiscal first-quarter results on Wednesday that topped analysts’ estimates as sales of handset chips jumped 16% from a year … Read more

Meta’s continued rally could hinge on fortunes of Temu and Shein

Meta’s continued rally could hinge on fortunes of Temu and Shein

Facebook founder and CEO Mark Zuckerberg meets Founder and Executive Chairman of Alibaba Group Jack Ma (not pictured), at the China Development Forum in Beijing, China, March 19, 2016.  Shu Zhang | Reuters Like many Facebook and Instagram users, marketing veteran Victor Lee is inundated with ads from Chinese online retailer Temu when he opens … Read more

Norway wealth fund says Novo, Eli Lilly may join trillion-dollar club

Norway wealth fund says Novo, Eli Lilly may join trillion-dollar club

A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, U.S. March 29, 2023.  George Frey | Reuters Norway’s giant wealth fund, the world’s largest, touted the possibility that Danish drugmaker Novo Nordisk and U.S. rival Eli Lilly … Read more

Tech earnings not impressing Wall Street

Tech earnings not impressing Wall Street

The Nasdaq MarketSite in New York, June 9, 2023. Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What … Read more

Tech earnings not good enough for Wall Street

Tech earnings not good enough for Wall Street

A trader works on the floor of the New York Stock Exchange Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You … Read more