Tag Archives: Market News

The company’s investors are bullish on the BAC stock following the earnings release. American multinational financial services giant Bank of America Corp (NYSE: BAC) has released its first quarter (Q1 2023) performance report which shows significant growth milestones. According to details shared by the bank, its revenue came in at $26.39 billion as against the $25.13 billion expected from analysts. The Charlotte, North Carolina Headquartered bank also saw a shift in its Earnings Per Share...

In its Q1 2023 report, Swedish telecom giant Ericsson described India as a viable market that drove sales up fivefold.  Ericsson (NASDAQ: ERIC) recently reported its Q1 2023 earnings which beat expectations and revealed a boost in quarterly profit. On Tuesday, the Swedish telecom giant first-quarter core earnings benefited from increased sales of 5G equipment in countries like India. Ericsson’s net sales grew 14% in the first three months of 2023, surpassing the consensus estimate of 60.43...

The researchers also stated that ChatGPT could beat the commonly used models from Google, dubbed BERT along with the classifications based on dictionaries. OpenAI’s popular chatbot system ChatGPT hasn’t failed to surprise people across the world, and once again, it’s out to show its AI prowess. Earlier this month, two new papers have been published that deployed the AI chatbot in some market-relevant tasks. The first task involved deciphering whether the Fed’s comments are dovish or...

The surge followed shortly after reports surfaced that THG has now received a buyout proposal from private equity firm Apollo. Shares of THG Plc (LON: THG), formerly known as “The Hut Group,” have seen an unprecedented rise in the last 24 hours, surging by at least 47%, per a Bloomberg report. As of publication, however, THG stock price has slightly re-traced its steps but is still up 36% on the day and is trading at 90 GBX. The development will be a much-welcome one among investors who...

Stock futures in the US climbed as investors brace for a crucial week of quarterly earnings from several large companies across sectors. Wall Street stock futures moved higher amid anticipation of more big bank earnings this week. On Sunday, stock futures tied to the S&P 500 climbed 0.16%, or 6.5 points, with the Nasdaq 100 futures increasing by 0.06%. In addition, futures tied to the Dow Jones Industrial Average (DJIA) also advanced 0.13% or 43 points. The banking sector got off to...

While the key initiatives bordering on the plans of Sega Sammy for the Angry Birds maker are yet to be fully revealed, it can be deduced that the game will be incorporated into the consoles of the company. Japanese gaming giant Sega Sammy Holdings Inc (TYO: 6460) has announced it has made a generous offer to acquire Rovio Entertainment Oyj (HEL: ROVIO), the developer of the much acclaimed Finnish video gaming giant. As reported by CNBC, the deal is worth approximately $776 million and...

JPMorgan topped Q1 2023 revenue expectations by more than $3 billion on the back of higher Fed-facilitated interest rates.   JPMorgan Chase (NYSE: JPM) recently posted a Q1 2023 record revenue haul that beat analysts’ expectations. The banking giant’s record first-quarter revenue largely benefitted from net income on higher interest rates which surged 50% year-over-year (YoY). JPMorgan said its Q1 revenue came in at $39.34 billion compared to the $36.19 billion analysts expected....

During the first three months of the year, Delta Air Lines reported adjusted operating revenue of $11.8 billion whereas analysts expected $11.99 billion. One of the oldest and busiest American airlines Delta Air Lines Inc (NYSE: DAL), has reported its financial results for the first three months of 2023 (Q1 2023) today. According to the announcement, Delta Air Lines posted a wider-than-estimated loss for the first quarter but forecast revenue growth and profits during the second quarter of...

Following the IPO, Rakuten Bank is billed to finally go public on the Tokyo Stock Exchange on April 21. Rakuten Bank, the financial services offshoot of the Japanese conglomerate Rakuten Group is set to go live following a successful float of its Initial Public Offering (IPO). According to a report from The Business Times, Rakuten Bank priced its IPO at 1400 Yen, a point that coincided with the upper range of its revised pricing. In the months and weeks leading to the IPO, Rakuten Bank set...

The Twitter-eToro stock-trading initiative is a milestone under Musk’s watch as the Tesla CEO strives to transform Twitter into a super-app.  Twitter is partnering with Israeli financial services facilitator eToro to bring stock trading to users of the social media giant. According to reports, starting today, Twitter users can buy and sell stocks and securities via eToro. The Twitter-eToro partnership is a rare deal for the microblogging platform’s owner Elon Musk since he assumed control...