In a notable fourth-quarter report, Meta, previously known as Facebook, exceeded both earnings and revenue expectations. The company reported earnings per share of $5.33, surpassing the expected $4.96 per share. Likewise, Meta reported revenue of $40.1 billion, beating the anticipated $39.18 billion. Meta’s user growth also showed positive signs, with both daily active users (DAUs)
World
Wall Street reacted with disappointment to the quarterly results from Alphabet and Microsoft, despite both companies reporting revenue and earnings that exceeded expectations. This article digs deeper into the market’s reaction and analyzes the factors that led to the sell-off. Investors had priced the stocks of Alphabet and Microsoft for perfection, given their impressive performance
The world of fashion is ever-evolving, with trends coming and going at a rapid pace. One trend that has captured the attention of social media and investors alike is “quiet luxury.” Unlike previous fads that quickly fade away, this trend has made its way into investor portfolios and has shown substantial returns. But what exactly
In its first quarterly monetary policy decision of 2024, the Monetary Authority of Singapore (MAS) announced that it will maintain its exchange rate policy band known as the Singapore dollar nominal effective exchange rate or S$NEER. This decision was in line with expectations, and it signifies the central bank’s commitment to stability in the currency
In a devastating incident, three U.S. service members lost their lives and many others sustained injuries during an unmanned aerial drone attack on U.S. forces stationed in northeastern Jordan, near the Syrian border. President Joe Biden and U.S. officials expressed their sorrow over the casualties and immediately pointed fingers at Iran-backed groups for the attack.
When Apple unveiled the iPhone in 2007, it was hailed as a groundbreaking device that would redefine the mobile phone industry. Steve Jobs himself referred to it as a “revolutionary product” in need of a complete reinvention. Little did anyone know at the time that this small device would go on to become one of
As the tech industry continues to prioritize investments in artificial intelligence (AI) and embark on a hiring frenzy for AI talent, other segments are bracing themselves for ongoing layoffs, according to industry experts. The trend of downsizing has already affected over 20,000 tech employees in 2024, as reported by layoffs.fyi, a tracker that monitors job
The stock prices of electric vehicle (EV) makers and Tesla’s suppliers in Asia experienced a significant decline after Tesla missed its revenue and profit targets for the fourth quarter and warned of slower sales in the upcoming year. This article examines the repercussions of Tesla’s underperformance and its impact on the EV industry in Asia.
The European Central Bank’s (ECB) monetary policy meeting held on Thursday is expected to maintain interest rates at their current record high. However, investors seeking guidance on possible rate cuts are likely to be disappointed. The meeting, as suggested by economists at Société Générale, will primarily focus on reflecting on the upcoming year rather than
Alphabet, the parent company of Google, has made the decision to sever its contractual ties with Appen, an artificial intelligence data firm. This comes as a surprise to Appen as the company had no prior knowledge of Google’s decision. The termination of the contract will take effect on March 19, with significant consequences for both