The World Health Organization said nearly 20 million new COVID cases were recorded in the 28 days through Jan. 29, down 78% from the previous 28 days. The WHO counted more than 114,000 deaths in the period, up 65% from the previous one. The agency is...
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The Nasdaq posted its best day of gains since November on Thursday, as stock-market bulls cheered the Federal Reserve's decision a day before to raise interest rates by a smaller 25 basis point increment and embraced hints that a pause in rate hikes could be coming in a few...
Amazon.com Inc. reported its least profitable holiday quarter since 2014 on Thursday, leading to the biggest annual loss on record for the e-commerce giant, which also disappointed Wall Street with its forecast amid concerns about cloud growth. Amazon AMZN, +7.38% reported a holiday profit of $278 million, or...
Alphabet Inc.’s stock slipped nearly 5% in extended trading Thursday after the tech giant missed slightly on revenue and earnings in ho-hum quarterly results. Google’s parent company reported fiscal fourth-quarter total revenue of $76.05 billion, up from $75.3 billion a year ago. Earnings were $13.62 billion, or $1.05 per...
Apple Inc. posted its largest revenue decline in more than six years amid underwhelming sales of iPhones, Macs and wearables, but its shares pared back most of their initial losses in after-hours trading Thursday after the company blamed its smartphone declines on supply issues. Apple’s AAPL, +3.71% iPhone revenue...
WASHINGTON — The U.S. is tracking a suspected Chinese surveillance balloon that has been spotted over U.S. airspace for a couple days, but the Pentagon decided not to shoot it down due to risks of harm for people on the ground, officials said Thursday. A senior defense official told...
Ford Motor Co. late Thursday reported mixed quarterly results, with Chief Executive Jim Farley saying that the auto maker left $2 billion in profit on the table, referring to the company’s full-year losses. Ford F, +3.84% earned $1.3 billion, or 32 cents a share, in the quarter, compared...
Orders for U.S. manufactured goods rose 1.8% in December, led by strong demand for civilian aircraft, the Commerce Department said Thursday.  Economists surveyed by the Wall Street Journal were expecting a gain of 2%.  Durable-goods orders rose 5.6% in December, unrevised from the initial estimate.  Orders for commercial...
“‘Cash used to be trashy. Cash is pretty attractive now. It’s attractive in relation to bonds. It’s actually attractive in relation to stocks.’” Bridgewater Associates founder Ray Dalio no longer thinks “cash is trash.” In fact, just the opposite. Over the past year,...