Advertising spending has reduced over the past year, contributing to the woes of Meta Platforms. However, Sorrell says the ease in the crackdown from Beijing is a positive growth factor for the US tech stocks.
The company’s stock has increased more than 30% since the year started and has grown 36.52% over the past month.
The digital currency ecosystem is a very volatile one, and what seems to constitute the basis for the current growth trend today may not necessarily be fueling the market momentum tomorrow.
New York banking giant Goldman Sachs suffered its worst earnings miss since 2011, with quarterly profit sinking 66% year-over-year.
New York banking powerhouse Morgan Stanley has posted its Q4 2022 financial report, which reveals mixed results.
A strong 28% jump in the BTC over the last two weeks has given crypto miners some relief after they faced acute financial stress last year.
Bradesco joins other banks in Brazil already offering tokenized assets including Itaú Unibanco and Santander.
With the easing of pressure from authorities, Tencent shares may still see additional upshoots when compared to the level it is currently at this time.
In the released earnings report, Bank of America recorded a net income of $3.6 billion for the fourth quarter while client balances stayed flat at $1.6 trillion.
Indices across the European continent gained anywhere between 0.75-1% with sectors like autos, banks, retail, and telecoms taking the lead.
Economic strategists predict that the economy of Europe is in a better position to outperform its US counterpart in 2023.
Digital payments firm Paytm saw its stock decline markedly after a shareholder offloaded 19.20 million shares.
Due to the bad news, which includes the canceled games and financial challenges, Ubisoft plans to “depreciate around €500m of capitalized R&D”.
During Q4 2022, TSMC reported 52% in its operating margin, gross margin was 62.2%, and net profit margin was 47.3%.
Considering the current business state of the company, it has revised its target for the year and it said it now expects its overall revenue to drop by 13-15%.