Tag Archives: Market News

Despite the great ASML Q1 2023 earnings, sales of chips to China slowed down within that time period as geopolitical tension between China and the United States took a new twist. Netherlands-based chipmaker ASML Holding NV (NASDAQ: ASML) has projected its sales and earnings to the Chinese mainland will skyrocket for the rest of 2023 after it recorded a significant slowdown in its business in the region in the first quarter (Q1 2023). The projections came after the company reported a...

Just Eat now expects Adjusted EBITDA to hit €275 million, increasing its earnings outlook by €50 million despite poor orders. Online food delivery company Just Eat Takeaway.com is optimistic about its earnings outlook for 2023 regardless of a worrying reduction in the number of orders received. The company’s new outlook is interesting, especially since the figures are connected to a hopeful increase in numbers not yet achieved. In an official press release, Just Eat increased its Adjusted...

New York City and Hangzhou are the world’s wealthiest cities considering number of HNWIs and millionaire population growth. A new report on wealth growth in some of the world’s largest cities has revealed new figures for the world’s wealthiest cities. According to London-based investment migration consultancy firm, Henley & Partners, there is still some growth in millionaire numbers in several cities despite a biting recession. The report uses data recorded up to December last year....

Popular coin Bitcoin is up 80% in 2023 and is by far the year’s best-performing asset compared to gold and others. Bitcoin (BTC) bears might be flush with some humiliation as the leading crypto becomes the best-performing asset in 2023. Once again, BTC lived up to its billing as the leading digital asset, with bulls consolidating their ranks in the price tug-of-war. However, positive signs suggest that the world’s largest crypto by market cap is on an upward trajectory. Furthermore,...

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...