Tech companies continue their dominance in the S&P 500 (^GSPC) as investors patiently await upcoming earnings to take stock of the broader market moving forward. Goldman Sachs Senior Equity Research Analyst Eric Sheridan gave out his top tech picks to watch, highlighting Amazon (AMZN) as a bright spot for investors to keep an eye on. Sheridan joins Yahoo Finance to give insight into Amazon's current business as to why it's one of his top picks. "We believe there will be an improvement in their AWS cloud computing division," Sheridan explains. "When you think about growth going forward not only just in Q4 but all of the way through 2024, the enterprise computing environment had quite a cloud optimization cycle from '22 into '23 so you're lapping that optimization cycle and you're seeing the beginning of AI workloads drive potential reacceleration of revenue growth, as well." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Tech companies continue their dominance in the S&P 500 (^GSPC) as investors patiently await upcoming earnings to take stock of the broader market moving forward. Goldman Sachs Senior Equity Research Analyst Eric Sheridan gave out his top tech picks to watch, highlighting Amazon (AMZN) as a bright spot for investors to keep an eye on.
Sheridan joins Yahoo Finance to give insight into Amazon's current business as to why it's one of his top picks.
"We believe there will be an improvement in their AWS cloud computing division," Sheridan explains. "When you think about growth going forward not only just in Q4 but all of the way through 2024, the enterprise computing environment had quite a cloud optimization cycle from '22 into '23 so you're lapping that optimization cycle and you're seeing the beginning of AI workloads drive potential reacceleration of revenue growth, as well."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The price of bitcoin (BTC) has started to fall since spot ETFs began trading in the U.S. on Jan. 11. And many traders are looking for clues from various charts about when an eventual market bottom could occur. Alternative.me’s Crypto Fear & Greed Index is a market indicator that is shedding some light on the current market sentiment towards the largest cryptocurrency by market cap. CoinDesk's Amitoj Singh presents "The Chart of the Day."
Ophelia Snyder, co-founder and President at 21Shares, answers five rapid fire questions from CoinDesk TV ranging from her bitcoin price prediction for 2024 to common misconceptions about the digital asset market.
The layoffs represent about a fourth of the union's membership, but are far lower than the number of Guild layoffs initially expected last week, said Matt Pearce, an LA Times reporter who heads the union representing the journalists. "L.A. Times management has notified me 94 @latguild members are being notified of intended layoff today," he said on the X social media platform on Tuesday. In a story on the publication's website, also on Tuesday, Meg James reported that LA Times had announced it was cutting at least 115 roles, representing over 20% of its newsroom.
(Reuters) -A recovery in commercial air traffic and increased global defense spending helped RTX report better-than-expected fourth-quarter earnings on Tuesday, boosting margins in its aftermarket service and defense business lines. RTX shares were up 6.5% in early trading in New York. The defense and aerospace major also forecast 2024 profit in the range of $5.25 to $5.40 per adjusted share, while analysts estimate $5.28 per share, according to LSEG data.
Gavriel Kahane, Arkhouse Management managing partner, hopes to raise it's $5.8 billion offer for Macy's. He's hoping Macy's sends an NDA to keep negotiating. On Sunday, Macy's said it wasn't interested in the bid. Kahane is on "Bloomberg Markets." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en
Google's Chrome web browser is getting an infusion of AI technology in the latest release. The company announced today it's soon adding a trio of new AI-powered features to Chrome for Mac and Windows, including a way to smartly organize your tabs, customize your theme, and get help when writing things on the web -- like forum posts, online reviews, and more. The latter is similar to a feature already available to Google's experimental AI search experience, SGE (Search Generative Experience), whi
