STOCK ANALYSIS
WEEKLY FORECAST
FINANCIAL NEWS
Airbnb shares jump 12% on strong revenue outlook, resilient travel demand

Shares of Airbnb Inc. jumped as much as 12% in extended trading Tuesday after the travel giant gave a better-than-expected outlook for revenue in the first quarter, signaling that travel demand remains robust even after a record year for growth in 2022.

Amazon's robotaxi unit, Zoox succesfully test self-driving on public roads

On Monday, Amazon saw its shares climb after the company reported the successful test of its autonomous vehicle unit Zoox, now driving on public roads in California with passengers on board.

Toyota unveils changes to management as it shifts to electric future

As Koji Sato prepares to take over as chief executive, Toyota Motor Corp. unveiled several changes to its senior management, improving the carmaker's strategy and messaging to shift to an electric future.

Shares climb as PayPal earnings beat, announce CEO to retire

Shares of PayPal Holding Inc. rose 2.3% in after-hours trading after the payments fintech beat expectations for quarterly earnings and announced CEO Dan Schulman's plans to retire at the end of 2023.

Disney plans to reduce workforce by 7,000 employees in latest cost-cutting

Following Walt Disney's earnings beat that pushed the company's stock higher in after-hours Wednesday, Iger announced plans to reduce its workforce by 7,000 employees and cut costs by $5.5 billion.

Bed Bath Beyond lines up funding from Hundson Bay in stock sale plan

On Tuesday, Bed Bath & Beyond announced a share sale of more than $1 billion, hoping it'll stave off bankruptcy and liquidation, following which Hudson Bay Capital Management became the anchor investor.

Activision Blizzard beats sales estimates, steering the wheel for game makers

Entering the earnings cycle and coming off a series of high-profile releases, including "Call of Duty: Modern Warfare II" and several other big titles, expectations were high for Activision Blizzard.

Apple sales plunge amid production woes, but worst is over

Citing manufacturing disruptions in China and a softening economy that hurt iPhone sales, Apple reported its worst December quarter performance in four years on Thursday.

BP joins peers, posting record profits amid soaring oil-and-gas prices

On Tuesday, Oil major BP joined its peers by cashing in on soaring oil and natural gas prices since Russia's invasion of Ukraine, posting a record profit of $28 billion in 2022.

Alphabet's Google invests $300 million in AI startup Anthropic

Alphabet's Google Cloud reportedly invested $300 million in Anthropic, an artificial intelligence startup testing a rival to OpenAI's ChatGPT.

McDonald's beat estimates as limited-edition products boost sales

During the fourth quarter, Adult Happy Meals and other limited-edition products boosted traffic at McDonald's restaurants despite higher prices, beating Wall Street earnings and revenue estimates in its latest earnings results.

Meta shares soar as Zuckerberg strikes new tone with investors

On Wednesday, shares of Meta Platforms Inc. soared 20% amid fourth-quarter revenue that beat Wall Street estimates, while Chief Executive Officer Mark Zuckerberg called 2023 the "Year of Efficiency."

Exxon marks historic high for Western oil industry in latest earnings

Bolstered by high commodity prices, rising energy demand, and a well-timed strategy to invest in its Permian Basin assets, Exxon reaped a record $56 billion profit that surpassed fourth-quarter estimates, keeping the stock's upward momentum going.

Toyota keeps its title as the world's top-selling carmaker, widens lead over Volkswagen

Defending its title as the world's top-selling carmaker and widening its lead over Volkswagen AG, Toyota Motor Corp. said it had sold 10.5 million vehicles in 2022, despite supply chain disruptions.

Ford to slash prices on EV Mustang Mach-E models amid Tesla cuts

On Monday, Ford Motor Co. said it is cutting prices of its electric Mustang Mach-E crossover up to $5,900 on some versions in response to Tesla slashing prices on several of its models a few weeks earlier.

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