Snap shares plunge on weak revenue as digital ad struggles continue
Snap missed on revenue in its fourth-quarter earnings report and the company said revenue in the first quarter is likely to drop.
AMD beats on sales and profit but warns of a 10% revenue decline in Q1
AMD reported earnings as many of its rival chipmakers have stumbled in recent weeks, citing lower consumer demand for finished electronics.
Peloton shares surge 26% after fitness company posts subscription revenue growth
Peloton beat Wall Street's revenue expectations but saw a 52% drop in connected fitness sales during its holiday quarter.
Meta shares soar almost 20% on fourth-quarter revenue beat
Facebook-parent Meta reported revenue for the fourth quarter that topped estimates and gave a forecast suggesting that sales could rise in the first quarter.
Key Fed inflation measure eased in December while consumer spending also declined
The personal consumption price index excluding food and energy for December increased 4.4% from a year ago.
IMF hikes global growth forecast as inflation cools and household spending surprises
In its latest economic update, the institution said the global economy will grow 2.9% this year.
Euro zone economy posts surprise expansion in the fourth quarter, curbing recession fears
Euro zone narrowly avoided a contraction as energy prices provide some relief.
Important wage inflation measure for the Fed rose less than expected in Q4
The employment cost index increased 1% in the October-to-December period, the Labor Department reported Tuesday.
Private payroll growth slowed to 106,000 in January as weather hit hiring, ADP says
Companies added just 106,000 new workers for the month, down from an upwardly revised 253,000 the month before.