Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Romaine Bostick breaks down the day's top stories and trading action leading into the close.
Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.
Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.
Disney Tops Profit Estimates, Seeks Extra $2 Billion in Cost Savings
Europe to Extend Emergency Energy Measures on Middle East Risks
Bank of France Sees Economy Sustaining Growth in Fourth Quarter
Bank of Canada Members Divided on Need to Hike Rates Further
Draghi Says Euro-Zone Recession Almost Sure to Happen
Amazon Eliminates Jobs in Music Division in New Round of Cuts
Judging from the level of complaints, air travel is getting worse
Arm Gives Disappointing Forecast as Smartphone Slump Persists
Airbnb to Debut ‘Guest Favorite’ Listings, AI Tools in Reliability Push
PayPal Rival Adyen Tempers Growth Targets to Regain Confidence
AI Startup Anthropic to Use Google Chips in Expanded Partnership
Meta to Require Disclosure for Political Ads Using AI
SoftBank’s Son Edges Back Into Dealmaking With a Bet on Autonomy
Thailand’s ‘Salesman’ Prime Minister Travels the World to Court Investments
What Ukraine’s EU Candidacy Means, and What’s Ahead
Adam Neumann Remains a Billionaire Even With WeWork Bankruptcy
New Jersey Rent Surge Means It Makes Less Sense to Leave NYC
Ohtani free agency sweepstakes off to a clandestine start at MLB's general manager meetings
Judging from the level of complaints, air travel is getting worse
Singapore Contemplates the End of the Lee Political Era
Biden Wants a Good Summit. Xi Needs One
The Coffee Futures Got Stale
Can a Triangle-Shaped Jet Cut Fuel Consumption in Half?
Wait, Legal Cannabis Is Finally Coming to the Netherlands?
Musk’s Neuralink Wants to Put a Chip In Someone’s Brain
Citigroup to Pay $25.9 Million for Armenian-American Discrimination
Wharton Dean Sees Need to Fix UPenn Donor Backlash in Antisemitism Turmoil
Half of US Is at Risk of Losing Power During Extreme Cold
Auto Wage Hikes Complicate the Search for an Affordable EV
Affordable Housing Taxes Sweep the Ballots in Three US Cities
Why San Francisco Fell in Love With the Ferry Building
California Ranks First in Climate-Friendly Transportation Investments
70% Crypto Yields Are Back With DeFi Becoming a Hot Spot for Leverage Again
Ex-Cantor Executives Start Lending Platform for Anticipated Spot Bitcoin ETFs
Bitcoin Miners Sold More Tokens Than They Minted During October’s Crypto Rally
A worker assists a customer at the Apple Fifth Avenue store in New York.
With the list of stock-market worries growing seemingly by the day, investors looking to earnings season for a dose of good news are hanging their hopes on a familiar group: Big Tech.
After slashing thousands of jobs to cut costs, the biggest US technology and internet companies are pumping out profits similar to those generated two years ago when the pandemic sent sales of digital services and electronic devices soaring. The expectation now is that they’ll help pick up the slack from industries like energy and health care that are still mired in an earnings slump.
Big Tech's Profit Machine Is Propping Up S&P 500 Earnings – Bloomberg
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