As the first quarter earnings season unfolds, Wall Street turns its eyes to $Meta Platforms(META.US$, which is scheduled to report its latest financial results after the market closes on Wednesday, April 24.
Analysts are anticipating a robust quarter for the tech giant, with consensus estimates predicting revenues to reach $36.16 billion, marking a year-over-year increase of 26%. Earnings per share (EPS) are proje...
Analysts are anticipating a robust quarter for the tech giant, with consensus estimates predicting revenues to reach $36.16 billion, marking a year-over-year increase of 26%. Earnings per share (EPS) are proje...
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The market continued to be affected by geopolitical conflicts and weakness in technology stocks heading into the weekend.
All three major U.S. stock indexes wavered throughout the session, with weakness in the chip sector weighing the Nasdaq down the most. The Nasdaq fell 0.52% on Thursday. 10-year US Treasury yields fell, with the yield rising from a low of 4.52% on April 18th to a peak of 4.6...
All three major U.S. stock indexes wavered throughout the session, with weakness in the chip sector weighing the Nasdaq down the most. The Nasdaq fell 0.52% on Thursday. 10-year US Treasury yields fell, with the yield rising from a low of 4.52% on April 18th to a peak of 4.6...
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$United Airlines(UAL.US$, headquartered in Chicago, released its first-quarter earnings report on Tuesday evening, leading to a surge in its stock price by more than 17% on Wednesday. The entire airline industry followed suit, with $American Airlines(AAL.US$ rising 2.3% and $Delta Air Lines(DAL.US$ climbing 3%.
What Are the Key Points in United's Report?
The company kicked off the fiscal year with a revenue o...
What Are the Key Points in United's Report?
The company kicked off the fiscal year with a revenue o...
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Following speeches by Fed Chairman Powell and European Central Bank President Christine Lagarde yesterday, the $USD(USDindex.FX$ recorded its strongest five-day rally since October 2022, climbing for the fifth consecutive day with an approximate 2% gain. The ongoing divergence in global monetary policies continues to leave its mark on the currency markets.
Fed Signals Longer Tightening of Monetary Policy
On Wednesday...
Fed Signals Longer Tightening of Monetary Policy
On Wednesday...
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Tesla is laying off more than 10% of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs). Tesla stock declined for two consecutive trading days, closing at $157.11 on Tuesday, with its year-to-date loss extending to 37%.
"About every five years, we need to reorganize and streamline the company for the next phase of growth," CEO Elon M...
"About every five years, we need to reorganize and streamline the company for the next phase of growth," CEO Elon M...
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The escalating risk of geopolitical conflict in the Middle East has once again hit the market on Monday. US Treasury yields saw a sharp rise with the benchmark $U.S. 10-Year Treasury Notes Yield(US10Y.BD$ touching its highest level in five months. Risk assets plummeted with the $Nasdaq Composite Index(.IXIC.US$ falling sharply by 1.8%, marking its largest decline in two months. The $S&P 500 Index(.SPX.US$ fell 2.64...
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Bitcoin Halving is around the corner. On April 20th, the halving will cut the amount of Bitcoin that “miners” can earn each day for validating transactions to 450 from 900 now. Based on Bitcoin’s current price, it could spell revenue losses of around $10 billion a year for the industry as a whole.
Marathon Digital, CleanSpark, and other miners, which compete for a fixed Bitcoin reward by solving mathematical puzzles using superfast c...
Marathon Digital, CleanSpark, and other miners, which compete for a fixed Bitcoin reward by solving mathematical puzzles using superfast c...
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Netflix's share has risen 27% year-to-date, and its new quarterly earnings report could be another catalyst. The company is scheduled to release its earnings for the first quarter of 2024 after the market closes on April 18, 2024. Netflix has forecasted Q1 revenue to be $9.24 billion, marking a 13.2% increase YoY.
S&P Global data similarly reflects optimistic expectations for Netflix. Revenue is forecasted to reach $...
S&P Global data similarly reflects optimistic expectations for Netflix. Revenue is forecasted to reach $...
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The already complex situation in the Middle East escalated once again last weekend, following Iran's retaliatory attack on Israel, prompting concerns of a wider regional conflict. On the day of the conflict escalation, 24/7 trading cryptocurrency and Middle Eastern stock markets open on weekends were the first to release panic, with Bitcoin, known as the "digital gold," plummeting 8% intraday and dragging down other cryptocurrencies sign...
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The March CPI in the US exceeded expectations, driven by persistent increases in gasoline and rental costs, signifying the third consecutive month of stubbornly high inflation. This suggests that the inflation resurgence observed in January and February cannot be solely ascribed to early-year price adjustments by firms.
According to the CME Group's FedWatch tool, traders are pricing in a 72.72% chance of an interest rate cut in...
According to the CME Group's FedWatch tool, traders are pricing in a 72.72% chance of an interest rate cut in...
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