JOBS REPORT US economy adds just 12,000 jobs in October as hurricanes, strikes weigh XETRA - Delayed Quote ? EUR Nakiki SE (WDL1.DE) Follow Compare 0.5400 -0.0050 (-0.92%) As of 9:43 AM GMT+1. Market Open. Related News Why Amazon must 'keep spending' on AI Amazon (AMZN) topped third quarter earnings estimates on both revenue and profit. One key metric investors were closely watching is the company's capital expenditures, particularly those related to AI investments. Citizens JMP Equity Research Analyst Nick Jones breaks down the significance of Amazon's massive tech spending on Morning Brief. Jones emphasizes that Amazon's AI investments are critical to maintaining its competitive edge. "AI is this massive, massive opportunity. We're only a year or so into the opportunity, so we're probably looking at a very long runway of spend," he tells Yahoo Finance. The company plans to invest $75 billion in capital expenditures for 2024, and in 2025 "they'll likely spend more." Despite these substantial investments, Jones notes Amazon maintains strong operating income margins, which he sees as a key stock performance indicator. "Amazon's a dominant cloud player. They're going to want to be dominant in AI. They need to keep spending," Jones adds, highlighting what he sees as a "multi-decade runway" for the company's artificial intelligence strategy. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith Yahoo Finance Video ? 3 minutes ago AMZN Apple stock under pressure after earnings: What you need to know Apple (AAPL) shares are trading lower after the iPhone maker reported quarterly results with revenue beating expectations as earnings fell short due to European Union tax costs. The company's sales outlook came in weaker than expected, contributing to investors' disappointment. Morning Brief Hosts Seana Smith and Brad Smith break down what investors need to know. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan. Yahoo Finance Video ? 35 minutes ago AAPL Amazon stock pops after Q3 earnings beat Amazon reported third quarter earnings on Thursday amid a volatile week for Big Tech stocks. Yahoo Finance ? 55 minutes ago NVDA GOOG AMZN Amazon CEO Andy Jassy hints at an 'agentic' Alexa Amazon CEO Andy Jassy on Thursday hinted at an improved, "agentic" version of the company's Alexa assistant — one that could take actions on a user's behalf. "I think that the next generation of these assistants and generative AI applications will be better at not just answering questions and summarizing, indexing, and aggregating data, but also taking actions," he said during Amazon's Q3 2024 earnings call. "And you can imagine us being pretty good at that with Alexa." Jassy added that Amazon c TechCrunch ? 12 hours ago AMZN 2025, 2026 will be a 'proving ground' for Intel: Analyst Intel (INTC) posted third quarter results showing an adjusted loss per share of $0.43, while revenue reached $13.28 billion, exceeding estimates of $13.02 billion. Moor Insights & Strategy CEO, founder, and chief analyst Patrick Moorhead joins Market Domination Overtime to analyze the results. "I think any good news was good news for this stock that is trading well below book value," he states. While noting that Intel continues to make substantial investments, Moorhead points out the company is working to "reduce overlaps." Despite current challenges, he sees a long-term opportunity, stating, "the best is really yet to come for this company and requires some patience and belief." Looking ahead, Moorhead identifies 2025-2026 as "the ultimate proving ground for Intel," highlighting that the company will introduce the latest nodes and devices offering improved performance at lower costs. "To me, you're truly going to see the capabilities on the CPU side," he tells Yahoo Finance. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith Yahoo Finance Video ? 15 hours ago INTC Why Amazon stock gains on earnings, unlike Meta and Microsoft Amazon (AMZN) reported better-than-expected third quarter results and delivered strong guidance. CFRA Research senior equity research analyst Arun Sundaram joins Market Domination Overtime Hosts Alexandra Canal and Josh Lipton to discuss the results and break down why the market is less concerned with Amazon’s artificial intelligence (AI) spending compared to its peers. “Really, you got the you got the ingredients you needed for the stock to go up,” Sundaram says. The analyst explains that while all the cloud hyperscalers are ramping up their capital spending to invest in AI, investors seem less concerned about Amazon’s AI spending compared to Meta (META) and Microsoft (MSFT). He says, “There's a few unique things” with Amazon,” including “Amazon's not solely reliant on chips from Nvidia” as “ they also build and create their own AI chips that are more cost-effective and of more value. So they may not be seeing the same type of capacity constraint issues that Microsoft is seeing at the moment.” Sundaram notes, “The other thing I would point out too is, you know, Amazon has multiple levers to grow margins,” including their e-commerce business, advertising, Amazon Web Services, and other segments. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Naomi Buchanan. Yahoo Finance Video ? 17 hours ago MSFT META AMZN Intel stock soars on revenue beat, Q4 outlook Intel (INTC) reported a third quarter adjusted loss per share of $0.43. In the release, the company states it saw a "$(0.63) impact to non-GAAP EPS attributable to Intel from $3.1 billion of impairment charges." The chip giant reported revenue of $13.28 billion compared to the Bloomberg consensus estimate of $13.02 billion. For Q4, Intel sees adjusted earnings per share of $0.12 versus a $0.06 estimate and revenue in a range of $13.3 billion to $14.3 billion. Wall Street was expecting $13.63 billion. Yahoo Finance Senior Reporters Alexandra Canal and Jared Blikre break down Intel's results in the video above. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Stephanie Mikulich. Yahoo Finance Video ? 17 hours ago INTC Nasdaq, S&P 500 sell off ahead of Amazon, Apple earnings The tech-heavy Nasdaq Composite (^IXIC) closed Thursday over 2.7% lower, the S&P 500 (^GSPC) not too far behind with a session loss of 1.86%. Tech sector worries seem to have been revived coming off Meta Platforms (META) and Microsoft's (MSFT) latest earnings print and ahead of Amazon (AMZN) and Apple's (AAPL) results due out after the close. Yahoo Finance markets and data editor Jared Blikre joins Alexandra Canal and Josh Schafer on Market Domination Overtime to examine bond market trends (^TYX, ^TNX, ^FVX) and losses from Magnificent Seven tech leaders. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 18 hours ago AMZN MSFT ^DJI Weak Jobs Numbers Throw Harris an Election Curveball The U.S. added only 12,000 jobs in October. Conservatives were quick to cite the numbers as evidence that the current administration has hurt the economy. Barrons.com ? 8 minutes ago BAAPV Satellite Operator Globalstar Soars After Agreement With Apple Globalstar stock rose sharply Friday after the satellite company disclosed an expanded agreement with iPhone maker Apple that could see its revenue double next year. Globalstar will deliver expanded services to Apple over a new mobile satellite services network, including a new satellite constellation, expanded ground infrastructure, and increased global MSS licensing, the company said Friday. Apple will prepay for certain services to be delivered, it added, including an infrastructure?prepayment of up to $1.1 billion and an amount necessary for Globalstar to retire its outstanding 13% senior notes due 2029. Barrons.com ? 10 minutes ago GSAT Chevron Stock Rises as U.S. Production Surges. Here’s What Still Worries Analysts. The oil giant posted third-quarter adjusted earnings of $2.51 a share, topping analysts’ expectations of adjusted earnings of $2.43 a share. Barrons.com ? 17 minutes ago CVX XOM Intel Stock Jumps on Earnings. Why This J.P. Morgan Analyst Isn’t Convinced. The semiconductor maker beat Wall Street revenue estimates and issued better-than-expected guidance on Thursday. Barrons.com ? 18 minutes ago INTC Apple Sparks Concerns With Tepid Forecast, China Weakness (Bloomberg) -- Apple Inc., heading into its most critical sales period of the year, sparked fresh concerns about revenue growth and lingering weakness in an intensely competitive China market.Most Read from BloombergIs Denver’s Big Bet on E-Bikes Paying Off?The Answer To Making Cities More Family-Friendly? CourtyardsChicago Mayor Seeks Property Tax Hike, Breaking Campaign VowNY Transit Agency Takes Next Step on Brooklyn-Queens Rail LinkIstanbul Tries Free Public Transit to Help Job SeekersFollow Bloomberg ? 22 minutes ago AAPL US manufacturing drops to 15-month low amid higher input prices: ISM U.S. manufacturing activity slumped to a 15-month low in October and factories faced higher prices for inputs. The Institute for Supply Management (ISM) said on Friday its manufacturing PMI fell to 46.5 last month, the lowest level since July 2023, from 47.2 in September. A PMI reading below 50 indicates contraction in the manufacturing sector, which accounts for 10.3% of the economy. Reuters ? 23 minutes ago BAAPV US manufacturing drops to 15-month low in October U.S. manufacturing activity slumped to a 15-month low in October and factories faced higher prices for inputs. The Institute for Supply Management (ISM) said on Friday its manufacturing PMI fell to 46.5 last month, the lowest level since July 2023, from 47.2 in September. A PMI reading below 50 indicates contraction in the manufacturing sector, which accounts for 10.3% of the economy. Reuters ? 23 minutes ago BAAPV Abbott Surges After Avoiding Another 'Eye-Popping' Verdict In Baby Formula Trial Abbott stock surged early Friday after a jury decided baby formula from Abbott and Mead Johnson are not responsible for a boy's disease. Investor's Business Daily ? 29 minutes ago ABT Atlassian Stock Surges After Earnings. There’s a Lot to Like About the Results. Atlassian stock soared Friday, the day after the productivity software company’s quarterly results tore past estimates. Shares gained 17% to $219.78 in early trading Friday, putting the stock on track for its largest daily percentage increase in more than a year, according to Dow Jones Market Data. Late Thursday, Atlassian —the developer of list-making tool Trello—reported adjusted earnings of 77 cents per share for its first fiscal quarter ended Sept. 30, beating Wall Street’s call for 64 cents, according to FactSet. Barrons.com ? 29 minutes ago TEAM The economy added just 12,000 jobs in October, the lowest in years thanks to temporary shocks U.S. job creation slumped in October as the economy faced hits from hurricanes and a massive work stoppage at Boeing (BA). Quartz ? 30 minutes ago BAAPV Amazon stock jumps as AI demand drives cloud unit returns Investing.com -- Amazon (NASDAQ:AMZN) reported third-quarter earnings that surpassed analyst estimates, driving its stock over 6% in early US trading Friday, as the group said it was beginning to clock gains from its artificial intelligence operations. Investing.com ? 34 minutes ago AMZN US Payrolls Increase by Just 12,000, Hit by Storms and Strikes (Bloomberg) -- US hiring advanced at the slowest pace since 2020 in October while the unemployment rate remained low, a month distorted by severe hurricanes and a major strike at Boeing Co.Most Read from BloombergIs Denver’s Big Bet on E-Bikes Paying Off?The Answer To Making Cities More Family-Friendly? CourtyardsChicago Mayor Seeks Property Tax Hike, Breaking Campaign VowNY Transit Agency Takes Next Step on Brooklyn-Queens Rail LinkIstanbul Tries Free Public Transit to Help Job SeekersNonfarm p Bloomberg ? 37 minutes ago BAAPV Performance Overview Trailing total returns as of 11/1/2024, which may include dividends or other distributions. Benchmark is DAX PERFORMANCE-INDEX Return WDL1.DE DAX PERFORMANCE-INDEX YTD 0.00% +14.83% 1-Year 0.00% +29.88% 3-Year -83.78% +22.60%
