Popular clothing retail brand Gap significantly cut its profit guidance for the fiscal 2022 year after Old Navy sales sank in fiscal Q1.
Despite the record revenue during the past quarter and year, the company is experiencing challenges in market shifts.
Despite the fact that Nvidia has reported record revenue in Q1, things are not looking well in the future for the tech giant.
Initially, Musk was committed to paying $27.3 billion in cash for the takeover. Now, as he increased this sum to $33.5 billion, the amount of debt he will have to take on from banks is lower.
The revelation that Snap would not hit some of its own revenue and income forecasts caused drops in the S&P 500 and Nasdaq indexes.
Snap CEO Evan Spiegel sent the digital advertising space into a tailspin and social media stocks down with a bad earnings report forecast.
The company has been recording more losses as Bitcoin’s price has plummeted more than 50% from its record high.
While the reality has dawned on Snap, the company is exploring avenues to cut down its expenses in a bid to come out of the current crisis stronger.
Zoom manages to deliver better earnings than Street estimates while also sharing a positive growth outlook for the second quarter.
The company will maintain an office in Beijing with hundreds of employees to serve Chinese outbound travel.
S4 Capital’s Martin Sorrell opines that the Ukraine war could help US firms offering tech services, including cyber offense and defense.
With the global economic downturn, companies are resorting to buybacks amid losses.
FTX takes another step towards its ultimate goal of becoming the ‘everything exchange’ by offering stock trading to its US clientele.
European stocks weaken as Thursday trading began as inflation worries and a potential global economic slowdown continue to loom.
According to the company, Covid-19 lockdowns in China and the war between Russia and Ukraine have been the key factors that affected its financial results.