On Thursday, Netflix Inc. reported earnings in the fourth quarter, announcing substantially more subscriber gains than Wall Street expected, sending its shares up 6.3% post-market despite a big earnings miss.

The main highlights in a holiday-shortened week will be US earnings and retail sales as investors closely watch to see if US companies can beat estimates amid fears that higher costs are squeezing profit margins.

Citing weak demand, Taiwanese Semiconductor Manufacturing Co. said Thursday that it expects revenue in the current quarter to drop as much as 5% and could cut this year's capital expenditures compared with the previous year.

Google parent Alphabet Inc.'s life sciences unit, Verily, is cutting 15% of jobs in a restructuring move as it strives for financial independence, according to an email to employees on Wednesday.

Marking one of the most comprehensive return-to-office policies, Disney chief executive Bob Iger told workers to return to corporate offices four days a week starting 1 March.

Shares of Bed Bath & Beyond Inc. climbed another 69% to $3.49 a share in Wednesday trading, bringing this week's gains to 166%, erasing the share-price slump last week.

After Coinbase Global Inc. cut its headcount by about 18% last year, the cryptocurrency exchange said it is laying off 950 employees, or 20% of the workforce, in another round of job cuts to reduce costs.

US technology giant Microsoft Corp. is reportedly negotiating with the creator of the viral artificial intelligence bot ChatGPT to invest as much as $10 billion in OpenAI.

Head of Tesla Inc's China arm, Tom Zhu, has reportedly taken over responsibilities for sales, service, and deliveries in North America, citing people familiar with the matter.

Sparking a sharp move lower in its shares in premarket trading, Lululemon Athletica Inc. tightened its fourth-quarter earnings forecast and increased its revenue target but warned it expects a drop in margins.

In the latest sign that a technology slump is worsening, Amazon.com Inc. is laying off more than 17,000 employees, a much more significant number than the 10,000 cuts the retailer previously anticipated.

For the first time since March 2021, Apple's market value slid below $2 trillion after the company's shares closed down 3.7% in Tuesday's trading session over investor concerns that the Tim Cook-led company will continue to struggle with iPhone 14 Pro shipments during the holiday season.

This week, Micron Technology Inc., the largest memory chipmaker in the US, reported fiscal first-quarter results that reached the low end of its guidance for both revenue and profits.

Lifted by price increases and cost-cutting that helped make up for package volume decline, FedEx Corp. reported fiscal second-quarter earnings that beat analysts' expectations.

Following a Bloomberg News report that merger partner Microsoft is "ready to fight" to complete its acquisition of the video game maker, shares of Activision Blizzard gained 3% in pre-open trading Monday.