Meta, the parent company of Facebook, has stunned the market with its fourth-quarter earnings report. The tech giant exceeded analysts’ expectations in both earnings and revenue, resulting in a 15% surge in its stock price in after-hours trading. The company reported earnings of $5.33 per share, surpassing the predicted $4.96 per share estimated by LSEG
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Wall Street’s assessment of the quarterly results of Alphabet and Microsoft indicated that the numbers were good, but not up to par with investors’ high expectations. Both tech giants reported impressive revenue and earnings that surpassed estimates. However, the stocks experienced a sell-off in extended trading. This reaction can be attributed to the fact that
Quiet luxury has emerged as a prominent trend in the fashion industry, transcending its viral status on social media platforms like TikTok and Instagram. Unlike other short-lived fads, quiet luxury has made its way into investor portfolios and has proven to deliver actual returns. This trend revolves around understated, subtle displays of opulence, moving away
In Singapore, the central bank recently announced its first quarterly monetary policy decision of 2024. As expected, the Monetary Authority of Singapore decided to maintain its exchange rate policy band, known as the Singapore dollar nominal effective exchange rate or S$NEER. This decision by the central bank will have a significant impact on the country’s
Recently, a devastating unmanned aerial drone attack on U.S. forces stationed in northeastern Jordan near the Syrian border sparked outrage and grief within the international community. In this article, we will critically analyze the incident, examining the circumstances surrounding the attack and the potential ramifications it may have on regional stability. President Joe Biden and
When Apple unveiled the iPhone in 2007, it was hailed as a game-changer in the world of smartphones. Steve Jobs, the visionary behind the iPhone, believed that the industry needed a major reinvention, and the iPhone was his answer. Little did anyone realize at the time that this device would go on to become one
In recent years, the tech industry has witnessed a massive push towards artificial intelligence (AI) investment and hiring, leading to a surge in job cuts in other areas. Tech giants like Google and Amazon are prioritizing AI as a strategic focus, resulting in significant layoffs. According to industry experts, this trend is expected to continue
The electric vehicle (EV) industry faced a major setback recently as Tesla missed its fourth-quarter revenue and profit targets, causing a ripple effect in the market. This article explores the implications of Tesla’s disappointing results and its impact on Asian electric vehicle makers and suppliers. During an investor presentation, Tesla announced that it expects slower
The European Central Bank (ECB) is set to hold interest rates at their current record high after its monetary policy meeting on Thursday, disappointing investors who are hungry for guidance on possible rate cuts. Economists at Société Générale have stated that the January ECB meeting is unlikely to deliver any policy changes or major messages,
Alphabet, the parent company of Google, recently ended its contractual relationship with Appen, an artificial intelligence (AI) data firm. This termination has raised concerns and questions about the future of Appen and its thousands of subcontracted workers. The decision by Alphabet will have far-reaching consequences for both companies and the broader AI industry. Alphabet’s decision