According to the official reports, the US annual inflation rate accelerated to 7.9% in February of 2022 and rose to as much as 8.5% in March, the highest since January 1982, matching market expectations.
Netflix is classified among the most prestigious of stocks called FAANG, and while it still remains an elite asset, a number of financial advisors are downgrading their rating on the shares at the moment.
Tesla announced record Q1 numbers that surpassed analysts’ expectations in revenue and earnings per share despite supply chain issues.
Analysts polled by Refinitiv now see IBM growing 6 percent in 2022, up from under 4 percent last year.
With a cloud of uncertainty surrounding the company regarding the future of Grubhub, Chief Executive Officer Jitse Groen is optimistic about the company’s growth in the long term.
Following a 35% fall after reports on the subscribers’ loss, Netflix is now down 27.15% in the pre-market trading.
IBM reported adjusted earnings per share of $1.40, whereas analysts surveyed by Refinitiv expected an adjusted EPS of $1.38.
Elon Musk posted the “Love Me Tender” tweet a few days after he created a poll about taking Twitter private.
Although analyst are expecting a majority of the S&P 500 companies to deliver better-than-expected results, fears on inflation and interest rate hikes are dragging stock down.
According to the filing that Musk submitted to the SEC on his Twitter offering, the entrepreneur has an alternative plan if he eventually does not buy Twitter.
The entirety of Ark Invest’s portfolio is down 36.7% and is currently amongst the worst-performing stocks in the US at this time.
Fingers are crossed in the expectation of earnings results from major banking giants in the US.
Dubai is still a growing region and with its integral role as the utility provider, DEWA is in a pole position to benefit immensely from this growth, and this is billed to translate to higher profitability for the investors in the long run.
Cathie Wood and Ark Invest have invested in Bitcoin and blockchain technology through the decentralized financial ecosystem (DeFi).
The CSI 300 Index, which tracks the most extensive stocks on the mainland, dropped by 3.09% to 4,100.07.