The US inflation number for August 2022 will be released today. The data will make or break the bear market rally as the Fed watches this economic number.
Snap’s stock dropped 38% on Friday after the company released its second-quarter earnings report, which was less than encouraging. A slump in online consumption, Apple’s 2021 iOS upgrade, and competitors from TikTok all contributed to Snap’s poor earnings
Tesla earned $2.27 billion in adjusted profits per share on $16.95 billion in sales. Inflation and competitive pressures for batteries and other materials used in electric cars harmed the automotive gross margin, which fell to 27.9% from 32.4 percent last quarter and 28.6 percent a year earlier.
Netflix financial reports were keenly anticipated. For a corporation that planned to lose 2.2 million paying customers in the three months that ended June 30. The loss of 975,000 paying customers is a significant victory.
FTSE 100 businesses are on course to execute unprecedented share buybacks this year, according to the latest statement from BP. BP returned £1.2 billion in buybacks in the first period, and has now announced an additional £2 billion for the second quarter.
Snap’s stock dropped 46% on Tuesday, becoming the company’s worst day and pushing down rival social media firms.
Federal Reserve faces 20% decreases. The central bank has loosened monetary and fiscal policy
Tesla out of S&P 500 index due to Low carbon approach, unfair work practices
The Russian currency rose to its highest point against the dollar since February 2020.
Apple shares plummeted almost 4% as Apple CFO Luca Maestri warned of various hurdles in the upcoming quarter
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