Tag: spending
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Japan Q2 growth misses forecasts on weaker spending, investment
TOKYO: Japan’s economy grew at a slower-than-expected pace in April-June, government data showed on Monday (Aug 17), as lacklustre household spending and business investment partly offset the impact of strong exports.Gross domestic product rose 1.1 per cent increase in annualised terms, missing a median marke
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Japan June household spending falls unexpectedly
TOKYO, Aug 7 : Japanese household spending dropped unexpectedly in June from a year earlier, government data showed on Friday, for a seventh straight month of decline. • Consumer spending fell 3.3 per cent year-on-year, data from the internal affairs ministry showed, exceeding the median market forecast
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SpaceX slides as AI spending worries overshadow early returns
Aug 5 : SpaceX touted faster-than-expected returns from its AI spending on its first-ever earnings call as a public company.But investors remained concerned about how long its profitable Starlink business could continue to bankroll costly investments in data centers and Nvidia chips.The company’s share
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Amazon soars as cloud revenue surge allays fears over ballooning AI bets
July 31 : Amazon shares surged 13 per cent premarket on Friday after the tech giant’s solid cloud sales growth reinforced investor confidence in its massive AI bets and quashed any concerns about the company trailing its Big Tech rivals in the AI race. The e-commerce and cloud titan posted its strongest cloud
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Amazon jumps as AWS growth soothes fears over rising AI spending
July 31 : Amazon shares jumped more than 12 per cent before the bell on Friday after the e-commerce and cloud giant posted its strongest cloud growth in over four years, bolstering investor confidence that its multibillion-dollar AI bets are driving a fresh wave of demand.The rally put Amazon on track to add
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Mastercard beats profit estimates as stable spending drives transaction volumes
July 30 : Mastercard posted a second-quarter profit that surpassed Wall Street expectations on Thursday, boosted by robust transaction volumes driven by steady consumer spending. Despite fears that geopolitical tensions and the resulting economic uncertainty would dent consumer appetite for spending, shopper
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Mastercard profit beats estimates as stable spending drives transaction volumes
July 30 : Mastercard posted a second-quarter profit that surpassed Wall Street expectations on Thursday, boosted by robust transaction volumes driven by steady consumer spending. Shares of the company were up over 3 per cent in trading before the bell. Despite fears that geopolitical tensions and the
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US economic growth slows to 1.5% in second quarter
The economy grew at an annual rate of 1.5% in the three months to June, down from 2.1% seen in the previous quarter.
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Mastercard profit jumps as stable spending drives transaction volumes
July 30 : Mastercard posted a rise in second-quarter profit on Thursday, boosted by robust transaction volumes driven by steady consumer spending. Shares of the company were up over 3 per cent in trading before the bell. Despite fears that geopolitical tensions and the resulting economic uncertainty w
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Analysis:Meta’s AI splurge lays bare its compute conundrum
July 30 : Meta can simultaneously fuel its own AI ambitions and rent out its scarce computing capacity to bolster returns, CEO Mark Zuckerberg signaled on Wednesday. The problem is: investors aren’t buying it.The Instagram owner is splurging billions to build compute – chips, servers, energy and data centers
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