Bloomberg Business

EBay Drops as Quarterly Profit Outlook Misses Estimates

EBay Inc. dropped after projecting earnings in the current quarter that narrowly missed analysts’ estimates, suggesting the e-commerce company is struggling to perform with a shrinking customer base.

Mattel Sales Beat Estimates With No Help From Barbie

Mattel Inc. reported sales and profit that beat analysts’ expectations but it didn’t get much help from Barbie, the fashion doll that was the focus of the top movie in the world last weekend.

Powell Has Stopped Handing Gifts to Wall Street on Fed Day

In what was a brutal 2022 for investors, there was at least one sure-fire, money-making proposition for much of the year. All they had to do was buy stocks and bonds seconds before Federal Reserve Chair Jerome Powell began speaking at his post-FOMC press conference and dump them as he was wrapping up.

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