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Corporate Earnings
- Pinterest reported revenue for the fourth quarter that missed analysts' estimates
- In China, Starbucks' second-largest market, transactions at cafes open at least 13 months plunged nearly 30%.
- Ferrari guided to an even stronger year in 2023, boosted by its high-priced sports cars like the Daytona SP3 and the upcoming Purosangue SUV.
- Apple's overall sales for the holiday quarter were about 5% lower than last year's, the first year-over-year sales decline since 2019.
- Amazon exceeded revenue expectations for the fourth quarter, but the stock price slipped on light sales guidance for the first quarter.
- Google's core business is mired in a period of slow growth as businesses reel in ad spending.
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