
Tencent Releases Dampening Q1 2022 Financial Report, Profits Slump 51% While Revenue Remains Unchanged
Tencent has published its Q1 2022 report showing a significant loss of profit, and its worst since the company went public.
Tencent has published its Q1 2022 report showing a significant loss of profit, and its worst since the company went public.
Home Depot says its Q1 2022 financial report suggests that consumers are still willing to spend money on home renovations and repairs.
Besides Coinbase Global Inc, a host of other stocks in the US that are connected to the crypto economy, are largely suffering the same faith as it relates to stock devaluation.
Twitter stock was trading at $37.39 on Monday, representing a complete reversal of gains acquired after Musk announced minority ownership.
Former US President Donald Trump has also voiced his opinion about Musk’s offer to acquire Twitter. He said on Truth Social that Musk will not buy Twitter “at such a ridiculous price.”
Musk put the deal to buy Twitter on hold following unconfirmed reports of the platform’s fake-account volume.
US stock futures saw their leading indexes advance even as the S&P 500 sits just 2% off impending bear market territory.
Just as US stocks shrink, Asia companies are also recording significant losses as Bitcoin, and other major cryptocurrencies face declines.
Meme stocks GameStop and AMC closed higher on Thursday after initially spiking higher during the intraday trading session.
Twitter’s declines show that investors are worried about the deal with Musk despite the fact that the Board has approved the sale.
FTX CEO said that shares of Robinhood present an attractive investment opportunity. However, HOOD stock has been on a major decline over the last few months.
Ahead of the earnings report, the shares of Beyond Meat (BYND) closed Wednesday’s trading session down 13.83%.
Following a 5.2% decline on Wednesday, Apple was overtaken by Middle Eastern oil behemoth Saudi Aramco as the world’s most valuable stock.
Galaxy Digital wants to purchase 10.6 million of the company’s ordinary shares under the stock buyback initiative.
In a bid to reposition its business for the long term, Panasonic plans to take its supply chain software business public.