Stocks in the Asian market are largely seeing a bad day as the shares of tech giants buckled under the realities in the broader global market.
The Dow and Nasdaq recorded their worst day performances in almost two years on Thursday, as the S&P 500 also loses ground.
Digital payments company Block missed analysts estimates for Q1 2022, but reported $1.73 billion in Bitcoin sales via Cash App.
British oil and gas multinational Shell posted its Q1 2022 earnings report on Thursday which benefited from the soaring profits seen across the oil and gas industry.
Marathon Digital beat out sales estimates for Q1 2022, but reported an overall loss due to a $19.6 million impairment charge.
Maybe the latest news on Coinbase NFT Marketplace would positively influence the company’s stock after it lost more than 49% in a year.
Except for its recent jump, Moderna stock has been at the lows. The remarkable Q1 2022 performance may give Moderna a boost and help its stock to rebound.
Uber recorded as much as a $5.9 billion equity loss that can be attributed to its equity investments.
The Jefferies analysts emphasized the MANG Group as a preferable choice over FAANG. MANG represents Microsoft, Apple, Nvidia, and Alphabet.
Airbnb stock has largely remained indifferent to the ongoing war but in terms of investor sentiment, the shares have taken a beating in relation to other tech stocks on Wall Street.
In the earnings report, MicroStrategy noted a secured term loan by its wholly-owned subsidiary MacroStrategy.
Starbucks revealed a 15% rise in fiscal Q2 2022 revenue amid rising costs of ingredients, lockdowns in China, and employee unionization.
In the early trading hours in Hong Kong, the Alibaba stock had a 9.4% pullback, erasing about $26 billion off its value.
As trading operations will continue in the Nordic markets, there is a risk of monetary and reputational damage to Citi. Currently, Citigroup is in talks with regulators and exchanges about the incident.
All three major US stock indices witnessed heavy selling in April 2022 amid concerns about the Fed’s hawkish move in monetary policy tightening.