Apple offers breadcrumbs for a forecast, but is that enough to reassure Wall Street?

Apple Inc.’s breadcrumbs lead back to a familiar place: The iPhone is all that matters. After posting its largest revenue decline in more than six years — led by underwhelming iPhone sales — in its fiscal first-quarter earnings report Thursday, Apple once again refused to provide a traditional forecast for the coming quarter or year. … Read more

Apple earnings fall short on underwhelming sales of iPhones and Macs

Production issues in China seemed to impact Apple far more than expected in the holiday quarter, as the consumer-electronics giant delivered a miss for its iPhone category after the close of Thursday trading. Apple’s iPhone revenue fell to $65.8 billion in the fiscal first quarter from $71.6 billion a year before, whereas analysts tracked by … Read more

Qualcomm stock rises following slight earnings beat

Qualcomm Inc. shares rose in the extended session Thursday after the chip maker beat Wall Street expectations slightly on earnings, and projected confidence amid an outlook that fell just short of the consensus. Qualcomm QCOM, -1.89% shares rose 3% after hours, following a 1.9% decline in the regular session to close at $135.85. “The long-term … Read more

Qorvo stock drops nearly 10% as analysts expect inventory correction to continue

Qorvo Inc. shares fell Thursday while the broader market rallied after analysts said inventory digestion will likely hamper the radiofrequency chip maker until the second half of the year. Qorvo QRVO, -4.80% shares fell nearly 10% Thursday to an intraday low of $102.60, a drop of 6%. The S&P 500 index SPX, +1.40%, meanwhile, was … Read more

This trader nailed two big market calls in 2022. She says investors are ‘being paid to wait’ so should steer clear of stocks for 2023.

Ahead of major tech earnings, Meta results are ready to light up the Nasdaq Composite COMP for Thursday. The S&P 500 SPX is also pointing to gains as investors take a glass-half full view of the Fed meeting. Worried that investors are in the clutches of another Fed misread is the founder of LaDucTrading.com, Samantha LaDuc. “The … Read more

Tech stocks have been minting money this year, but many investors fear getting burned if they buy the rally now

Microsoft kicked off a slate of technology earnings earlier this week, reporting largely solid numbers that could have quickly been deemed a victory for technology stocks overall if not for CEO Satya Nadella’s cautious guidance. Investors surmised that the technology sector broadly could be in for some hard knocks — even after its impressive January … Read more

As Fed raises rates by a quarter point, here’s where financial advisers are telling their clients to invest — and store — their money and colleges used pandemic-era relief funds to cancel nearly $1.5 billion in student debt

Hi, MarketWatchers. Don’t miss these top stories. As Fed raises rates by a quarter point, here’s where financial advisers are telling their clients to invest — and store — their money The Fed’s 25-basis-point move is its eighth consecutive straight interest-rate hike. Read More Colleges used pandemic-era relief funds to cancel nearly $1.5 billion in … Read more

ChatGPT to charge $20 a month for premium subscriptions, as chatbot grows faster than TikTok

Users of ChatGPT will soon be able to subscribe to a premium tier of the buzzy chatbot service, creator OpenAI said Wednesday. The new subscription option, ChatGPT Plus, will cost $20 a month and offer access to the artificial-intelligence-powered service even during peak times, faster response times, and priority access to new features, OpenAI revealed … Read more

Samsung holds prices on Galaxy smartphones amid inflation, slumping market

Samsung Electronics Co. Ltd. on Wednesday unveiled three new smartphones with advanced cameras, enhanced productivity and more powerful batteries and storage — at comparable prices from a year ago. The new Galaxy S23 series is priced from $799 to $1,199, the same range as the S22 lineup launched last year, and features a 200-megapixel camera … Read more

Amazon, Apple, Microsoft set records with their spending on Washington lobbying

Amazon.com Inc., Apple Inc. and Microsoft Corp. set records in their disclosed annual spending on Washington lobbying last year, as each tech giant shelled out more in a year than it ever has before amid pressure from Congress and the Biden administration. Amazon AMZN, -0.86% and three subsidiaries shelled out a total of $21.38 million … Read more