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Facebook owner Meta Platforms Inc's shares plunged more than 20% late on Wednesday after the social media company posted a weaker-than-expected forecast, blaming Apple's privacy changes and increased competition for users from rivals like TikTok...
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A look at the day ahead in markets from Dhara Ranasinghe...
Continue ReadingThe dollar found some footing on Thursday, pausing the week's slide as a slump in tech and social media stocks soured appetite for riskier currencies, and as traders awaited central bank meetings in Britain and Europe...
Continue ReadingAustralian shares ended lower on Thursday, dragged down by technology stocks that suffered their worst session in nearly a month, while Westpac rose after the country's fourth-largest lender topped its quarterly profit estimates...
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Facebook owner Meta Platforms Inc's shares plunged more than 20% late on Wednesday as the social media company posted a weaker-than-expected forecast, blaming Apple's privacy changes and increased competition for users from rivals like TikTok...
Continue ReadingFacebook owner Meta Platforms Inc's quarterly earnings miss and poor forecast on Wednesday ignited a meltdown in social media stocks and threatened to smother a recent recovery from a Wall Street tech selloff...
Continue ReadingSnap’s stock (NYSE: SNAP) is scheduled to report its fiscal Q4 2021 results on Thursday, February 3. We expect Snap to beat the consensus estimates for revenues and earnings. The company has beaten consensus estimates for earnings for each of the last four quarters and re...
Continue Reading* Indexes up: Dow 0.63%, S&P 0.94%, Nasdaq 0.50% (Updates with Facebook earnings and social media stocks)...
Continue ReadingClearBridge Large Cap Growth Strategy underperformed the Russell 1000 Growth Index benchmark. Click here to know who the top contributors and detractors were...
Continue ReadingEU policymakers need to do more to attract investments in the telecoms sector if the bloc wants its economy to become more independent from global powers like Asia and the United States, a report by telecoms lobbying group ETNO said on Wednesday...
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