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Amazon Stock Falls on Mixed Earnings Report and Weak Forecast. AWS Missed Too.

Text size Investors are looking for evidence that Amazon.com is making progress on its push to rein in costs. David Ryder/Bloomberg Amazon . com shares were falling in late trading Thursday after the company posted mixed results for the fourth quarter, with better-than-expected sales growth, but weaker-than-anticipated profits, due largely to a loss on the …

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Eli Lilly stock falls as Mounjaro Sales Disappoint

Text size Eli Lilly reported fourth-quarter earnings well ahead of analysts’ estimates. Daniel Acker/Bloomberg Eli Lilly stock was falling Thursday as sales in the pharmaceutical company’s diabetes drug Mounjaro, which is on track for regulatory approval to treat obesity, came up short. Fourth-quarter earnings, however, did crush estimates. Shares in Eli Lilly (ticker: LLY) fell …

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Apple Stock Typically Gains After Earnings. That Could Change This Time.

Text size Apple reports earnings after the markets close on Thursday. GettyImages apple reports earnings after the markets close Thursday, and after a quarter of problems for the tech company, investors may be concerned that the stock won’t perform as well as it has in the past. On average since 2007, the year the iPhone …

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ECB raises interest rate by Half Percentage Point

The European Central Bank raised its key interest rate by 0.5 percentage point, diverging from the Federal Reserve, and indicated it would enact a similar increase in March, as resilient economic growth in the eurozone and a rapid reopening of China’s economy are expected to keep inflation. high. The ECB’s move, its fifth large rate …

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FedEx Is Laying Off More Than 10% Of Its Management Ranks

FedEx Corp. FDX 4.26% is laying off more than 10% of its global management staff as the delivery company faces a shipping slowdown. In an email to staff Wednesday, Chief Executive Raj Subramaniam said the company was reducing the size of its officer and director ranks and consolidating some teams and functions. The company declined …

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Airbus Revives Order From Qatar Airways Following Paint-Dispute Settlement

LONDON—Airbus EADSY 2.36% SE agreed to revive orders for close to 75 aircraft from Qatar Airways after reaching a settlement with the Middle East airline over a long-running dispute about chipping paint on its A350 wide-body models. A spokesman for Airbus said it would now go ahead with delivering 50 A321 narrow-bodies and 23 remaining …

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FTC Loses Antitrust Challenge to Facebook Parent Meta

WASHINGTON—A federal judge declined to halt Meta Platforms Inc.’s META -0.01% acquisition of the virtual-reality startup Within Unlimited, delivering a setback to antitrust enforcers at the Federal Trade Commission seeking to block the deal, a person familiar with the ruling said. In a sealed court decision issued overnight, US District Judge Edward Davila in San …

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Bitcoin Pauses as Crypto Traders Await the Fed Decision. Brace for volatility.

Text size Bitcoin has torn higher to start the year, but there is reason to think the gains could be unsustainable. dreamtime Bitcoin and other cryptocurrencies were on pause Wednesday as traders awaited a key decision on interest rates from the Federal Reserve. After the best January for Bitcoin in a decade, bad news out …

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Cooler Pay Gains Add to Debate on When Fed Might Pause Rate Hikes

Worker pay gains cooled at the end of last year, with the new sign of moderating inflation leaving the Federal Reserve on course to slow interest-rate increases again Wednesday and increasing the possibility of a pause in rate rises this spring. Employers spent 1% more on wages and benefits last quarter versus the prior three …

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