
An unexpected warning about the deteriorating economy by Snap Inc. Chief Executive Evan Spiegel rippled through internet and social-media stocks late Monday, potentially ruining the market’s comeback attempt from earlier in the day. After the market closed with strong gains Monday, Spiegel spoke at a JP Morgan technology conference, and the company stated in a
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Text size Apple dropped 3.7% on Friday after its outlook disappointed. Gabby Jones/Bloomberg The only takeaway to be drawn from a volatile week of earnings reports was that we shouldn’t get our hopes up. On first glance, this earnings season has been pretty decent. With about 69% of S&P 500 companies having reported through Thursday’s
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The Big Tech earnings boom is officially over, but some of the world’s most powerful and valuable companies are breaking off from the pack. As this column told you months ago, profit increases are no longer a given for Big Tech. Collectively, Alphabet Inc. GOOGL, +3.70% GOOG, +3.82%, Amazon.com Inc. AMZN, +4.65%, Apple Inc. AAPL,
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