AMD shares fell Tuesday after Microsoft said the chipmaker's fixes were causing some PCs to freeze. The computer maker halted rolling out the patches, which were a response to the Meltdown attack disclosed last week.
And Target raises its forecast for holiday quarter sales, sending shares to 52-week highs. The discount retailer said results for its full fiscal year would be better than originally expected.
But the holidays weren't happy for everyone. Urban Outfitters saw its shares plunge after forecasting a weaker than expected fourth quarter. And Under Armour got a downgrade from a top analyst, sending the stock down about 5 percent.
Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce. The announcement follows similar moves by other tech companies that ramped up hiring during the pandemic while people spent more time and money online.
Tony Drake, CFP at Drake and Associates, LLC shares thoughts on whether the record gains in technology will broaden to other sectors, the risks of the Fed keeping interest rates higher for too long, and the health of the U.S. consumer.
The Federal Trade Commission ruled that Intuit engaged in deceptive practices by running ads claiming consumers could file their taxes for free using TurboTax — when many taxpayers did not qualify for such free offerings.
WWE’s weekly television show, “Raw,” will move to Netflix next year as part of a major streaming deal worth more than $5 billion. WWE, which is part of TKO Group Holdings Inc., said Tuesday that “Raw” will air on Netflix starting in January 2025.
Propublica national reporter Peter Elkind shares details on his investigation into how scammers stole over $1 billion using Walmart's gift cards and financial services, and how consumers can protect themselves.
Ed Siddell, CEO and Chief Investment Advisor at EGIS financial explains why election years tend to cause bull markets, the latest inflation data, and why he’s concerned about the ‘debt bubble.’
