Amazon (AMZN) said Wednesday that it has invested an additional $2.75 billion in Anthropic, completing a $4 billion deal with the artificial intelligence startup from late last year. Amazon stock edged higher in afternoon trades. X In a deal first announced in September, Amazon committed an initial $1.25 billion to Anthropic for an investment deal
A well-articulated sell strategy—and the discipline to stick with it—are among the most important qualities a patient investor can have, but they’re often overlooked. Most investors can explain why they bought a stock, but few can say, before they buy a stock, what would cause them to sell it. The managers of the MFS International
This past year was more difficult than United Parcel Service imagined when it set its three-year goals back in 2021. UPS stock closed above $200 a share on June 9, after the 2021 meeting. Shares closed this past week at $156.27. On Tuesday, UPS is set to meet with analysts and investors in Louisville, Ky.,
Uniform maker Cintas (CTAS) and investment bank Jefferies (JEF) headline the latest earnings calendar amid fresh all-time highs for the Dow, S&P 500 and Nasdaq. Cruise line Carnival (CCL) is also on the earnings calendar, along with enterprise software firm Braze (BRZE). X Royal Caribbean (RCL) is the leader among cruise line operators at this
Tax day is almost here, and, thanks to higher interest rates, many investors are finding they earned a lot more income from their portfolios in 2023—and now they owe the government a piece of it. “That’s a good thing,” says Mary Ellen Stanek, co-chief investment officer at Baird Asset Management. “But it means investors need
Accenture early Thursday reported fiscal second-quarter earnings that topped estimates amid its acquisition spree. The company lowered its full fiscal year revenue outlook, sending Accenture stock lower. X Accenture earnings for the quarter ended Feb. 29 fell 3% to $2.77 per share on an adjusted basis, said the Dublin-based global tech services and consulting firm.
The bad times got worse in the fourth quarter as lenders reported the most money lost per loan originated since the Mortgage Bankers Association started keeping records. Independent mortgage bankers and bank mortgage subsidiaries lost $2,109 per loan produced in the period ended Dec. 31, driven by an increase in related expenses. It makes seven
AT&T reaffirmed plans to invest heavily into expanding its fiber networks in an update to shareholders on Monday. “The company remains focused on building vital, high-performance network infrastructure for both mobile and fiber networks,” AT&T said in the update. To support these efforts, AT&T continues to expect capital investment in 2024 if between $21 billion
With Britain expecting a general election later this year, the ruling Conservatives and Labour opposition are drawing up rival plans to help a key demographic: aspiring homeowners. An affordability crisis linked to decades of underinvestment in new homes — plus years of rock-bottom interest rates that pushed up property values — have piled pressure on
Sopa Images | Lightrocket | Getty Images Revenue jumped 25% in the fourth quarter for Meta, from $32.2 billion a year earlier. That’s the fastest rate of growth for any period since mid-2021, and comes amid a rebound in the online ad market. Meta’s net income more than tripled, to $14 billion from $4.65 billion