Growth

Wall Street ends down for third day as growth concerns weigh on tech

Register now for FREE unlimited access to Reuters.comRegisterTech stocks down in aftermath of Fed’s latest rate moveInvestors concerned about possibility of recessionDarden Restaurants falls on downbeat quarterly salesJetBlue posts lowest close since March 2020Indexes down: Dow 0.35%, S&P 0.84%, Nasdaq 1.37%Sept 22 (Reuters) – Major Wall Street indexes ended lower on Thursday, falling for a …

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Zscaler Stock Pops As Zscaler Earnings Top Estimates On Cloud Cybersecurity Growth

Zscaler (ZS) soared Friday after the company reported fiscal fourth-quarter earnings, revenue and billings that handily beat Wall Street targets. And the company’s fiscal 2023 outlook for Zscaler stock came in above views. X ZS stock catapulted 21.9% to close at 188 on the stock market today. The cybersecurity firm reported July quarter earnings after …

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Amazon to close, scrap plans for warehouses across US amid slowing sales growth: report

Amazon is reportedly scrapping plans to build dozens of warehouse facilities across the United States amid slowed sales growth. The consulting firm MWPVL says that the online retail giant is either closing or abandoning plans to open 42 facilities across the country totaling almost 25 million square feet of usable space, Bloomberg reported. The firm says …

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Amazon to close, scrap plans for dozens of warehouses amid slowing sales growth: report

Evercore ISI senior managing director Mark Mahaney provides his top technology picks and investment strategy in an inflation-driven market on ‘Varney & Co.’ Amazon is reportedly scrapping plans to build dozens of warehouse facilities across the United States amid slowed sales growth. The consulting firm MWPVL says that the online retail giant is either closing …

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Zoom’s Growth Rate Falls Below 10%: Time to Sell the Stock?

Zoom Video Communications’ (ZM 2.82%) growth rate hasn’t stabilized yet. The company, which saw its annual sales soar in earlier phases of the pandemic, recently announced surprisingly weak revenue trends heading into the second half of 2022. Management said in a conference call with Wall Street pros following the release of its fiscal 2023 second-quarter …

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China’s Alibaba and Tencent focus on cost cuts amid slowing growth

Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022.Kuang Da | Jiemian News | VCG | Getty ImagesChinese tech giants Alibaba and Tencent often talk about all of …

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Wall St falls as growth stocks slide, Target weighs on retail shares

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermidRegister now for FREE unlimited access to Reuters.comRegisterU.S. retail sales flat in July; core sales riseRetailer Target’s quarterly profit slumpsIndexes down: Dow 0.57%, S&P 0.79%, Nasdaq 1.17%Aug 17 (Reuters) – Wall Street’s main indexes …

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Japan Bounces Back to Economic Growth as Coronavirus Fears Recede

TOKYO — Restaurants are full. Malls are teeming. People are traveling. And Japan’s economy has begun to grow again as consumers, fatigued from more than two years of the pandemic, moved away from precautions that have kept coronavirus infections at among the lowest levels of any wealthy country.Lockdowns in China, soaring inflation and brutally high …

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