The company’s third-quarter revenue came in at 3.804 billion Swiss francs, down from 5.437 billion Swiss francs for the same period last year.
According to the Ford Q3 2022 financial report, the company experienced a string of supply chain problems.
The Mobileye market debut comes as parent company Intel looks to embark on a capital-intensive process to enhance its market position.
The GOOGL stock sees its worst daily performance since March 2020 as the company delivers disappointing revenue growth for the third quarter of 2022.
German financial multinational Deutsche Bank says it is “well on track to meet 2022 goals” following a sound Q3 2022 outing.
Barclays’ resilient performance in Q3 is a testament to the bank’s highly diversified business model and income streams despite notable economic headwinds that played out.
Microsoft provided weak guidance on its next fiscal quarter primarily due to its lagging cloud business Azure.
Alphabet’s ad revenue from YouTube tanks by 2% against market expectations. The GOOGL stock price has slipped once again under $100 this year.
Spotify shares are down over 61 percent in the past year, hereby raising concerns over the company’s future business model.
While there are concerns that Elon Musk may be supporting Russia’s stance in the war with Ukraine, the administration is also worried about the source of his funding.
While Elon Musk was delaying his Twitter buyout offer, a Delaware judge gave him a period until the 28th of October to close the deal
The lower performance in UBS’s equity derivatives, cash equities, and financing revenue all dragged the investment banking unit to record a 19% slump in its revenues.
According to the Bank of America, Meta could bend to advertising spending pressure in the coming year, and this would result in cutting budgets.
The latest decision to include crypto in the TASE strategic plan underscores the nation’s attitude towards digital assets and its potential in traditional finance.
While the stocks have a bearish sentiment at this time, the projection for the future has been keeping many investors optimistic about the Chinese markets.