Sony raises price of PlayStation 5 console due to soaring inflation

In this photo illustration a PlayStation 5 logo displayed on a smartphone. Mateusz Slodkowski | SOPA Pictures | Light Rocket via Getty Images sony on Thursday raised the recommended retail price of its PlayStation 5 game console in several international markets citing the global economic environment, including high inflation. The Japanese gaming giant said the … Read more

5 things to know before the stock market opens on Friday July 29

A screen displays the Fed’s rate announcement as a trader reacts on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 27, 2022. Brendan Mcdermid | Reuters Here are the most important information investors need to start their trading day: 1. Review of a summer Friday 2. Amazon: In fact, … Read more

5 things to know before the stock market opens on Friday July 29

A screen displays the Fed’s rate announcement as a trader reacts on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 27, 2022. Brendan Mcdermid | Reuters Here are the most important information investors need to start their trading day: 1. Review of a summer Friday 2. Amazon: In fact, … Read more

Q2 2022 Facebook parent meta revenue

Parent Facebook Meta reported a steeper-than-expected revenue decline, missed earnings and issued a surprisingly weak forecast pointing to a second straight year-over-year sales decline. Shares slid in extended trading. Here’s how the company did it: Earnings: $2.46 per share vs. $2.59 per share expected, according to Refinitiv Revenue: $28.82 billion vs. $28.94 billion expected, according … Read more

Boeing, Hilton, Spotify, Garmin and more

Check out the companies making headlines before the bell: Boeing (BA) – Boeing posted a larger than expected quarterly loss with incomes below consensus estimates. However, Boeing reported positive operating cash flow and, unlike previous quarters, did not record any expenses related to the production of its 737 MAX aircraft. Boeing jumped 4.4% in premarket … Read more

Opinion: Google and Microsoft revenue shows the bar has been lowered for Big Tech

Alphabet Inc. and Microsoft Corp. both reported results that fell short of Wall Street expectations on Tuesday, but not only did investors not cringe, they both saw their stocks rise after hours trading. Amid troubling economic signs, tech stocks have been battered so far this year, and fears of a slowdown among big tech names … Read more

Opinion: Google and Microsoft revenue shows the bar has been lowered for Big Tech

Alphabet Inc. and Microsoft Corp. both reported results that fell short of Wall Street expectations on Tuesday, but not only did investors not cringe, they both saw their stocks rise after hours trading. Amid troubling economic signs, tech stocks have been battered so far this year, and fears of a slowdown among big tech names … Read more

Microsoft (MSFT) Q4 2022 results

Microsoft Shares rose 5% in extended trading on Tuesday after the software maker issued an upbeat revenue forecast for the year ahead, despite reporting quarterly results that fell short of Wall Street consensus. Here’s how the company did it: Earnings: $2.23 per share, adjusted, versus $2.29 per share as expected by analysts, according to Refinitiv. … Read more

What Cramer is watching on Tuesday – the wreckage of Walmart, Dow stock earnings, major media downgrades

What I’m Watching July 26, 2022 Club holding Walmart (WMT) is screwing up apparel again, issuing a big profit warning after the closing bell on Monday. I have to ask if Walmart has it under control? Long a trusted name, is it time to ditch these guys? Who is the real culprit? Spending too much … Read more