Coupang's stock rose 28.78% this month.The Korea Times Reports that South Korean e-commerce company Coupang has raised the monthly fee for its Wow membership by 58%, reaching $5.74 per month. The move, seen as aggressive, has sparked controversy but is expected to improve Coupang's profit margins and enable it to expand Wow benefits such as free delivery, free returns, streaming services, and complimentary food delivery. The com...
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Betting on the yen's strengthening became a favored strategy over the past year as the Bank of Japan(BOJ) was set to wrap up an eight-year period of negative interest rates in the face of rising inflation. Yet, rather than appreciating, the yen continued to weaken subsequent to theend of negative interest rates.
On April 24th, the Japanese yen continued its slump against the US dollar, breaching the key level of 155 fo...
On April 24th, the Japanese yen continued its slump against the US dollar, breaching the key level of 155 fo...
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On April 24, Meta reported its earnings result for the first quarter of FY24. It reported Q1 2024 revenues of $36.46 billion, beating the $36.14 billion estimate and marking a 27% year-over-year increase. EPS was $4.71, above the expected $4.32.
Disappointing Q2 Outlook Triggers Meta Stock Plunge
The primary factor troubling investors is the profit squeeze resulting from reduction in sales and increase in expenses. This directly affe...
Disappointing Q2 Outlook Triggers Meta Stock Plunge
The primary factor troubling investors is the profit squeeze resulting from reduction in sales and increase in expenses. This directly affe...
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Amidst growing concerns over a delay in interest rate cuts by the Federal Reserve and escalating geopolitical tensions, the tech-focused Nasdaq 100 suffered its steepest weekly fall since November 2022 last week. Despite the broader market retreat, Hedge funds ramped up trading to take advantage of the first sharp dip, with new long positions established, surpassing short sales for the first time in weeks.
Data from Gold...
Data from Gold...
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On Monday, crypto-related stocks in the United States saw significant increases, reflecting a broader market rally just days after the Bitcoin halving. Despite the event reducing mining rewards to 3.125 BTC per block, some of these stocks recorded double-digit percentage gains.
The country's five largest public-traded Bitcoin miners by market capitalization, $Marathon Digital(MARA.US$ , $CleanSpark(CLSK.US$ , $Riot Platforms(RIOT.US$ , ...
The country's five largest public-traded Bitcoin miners by market capitalization, $Marathon Digital(MARA.US$ , $CleanSpark(CLSK.US$ , $Riot Platforms(RIOT.US$ , ...
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This week marks the commencement of earnings releases from several tech behemoths, with $Microsoft(MSFT.US$, $Alphabet-A(GOOGL.US$ $Alphabet-C(GOOG.US$, $Meta Platforms(META.US$, and $Tesla(TSLA.US$unveiling their earnings results—heralding the onset of the so-called "Magnificent Seven" earnings season, drawing keen investor interest. Nonetheless, analysts are sharply divided over the earnings forecasts for the current quarter.
Analy...
Analy...
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In a recent interview, Mark Zuckerberg of Meta stated that energy limitations will impede the expansion of AI data centers.
Previously, there were also views expressing that energy is a key factor limiting AI development. In January, OpenAI CEO Sam Altman also pointed out at the World Economic Forum in Davos that artificial intelligence will consume more electricity than people anticipate, and future develop...
Previously, there were also views expressing that energy is a key factor limiting AI development. In January, OpenAI CEO Sam Altman also pointed out at the World Economic Forum in Davos that artificial intelligence will consume more electricity than people anticipate, and future develop...
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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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