Stock traders and investors look poised for a bountiful week of earnings as they await a major interest rate decision from the Fed. Monday morning signaled some hopeful times ahead for the European stocks market, which opened on a rising note. However, it might be safe to say that the driving force behind the sudden rise in the value of European stocks, is a recent report that claims that the Federal Reserve could throttle down on its pace of interest rate hikes. This explains why traders...
Read More »Snap Posts Unimpressive Q3 2022 Results, Triggers Stock Slippage of Pinterest, Alphabet, Meta
Snap blames its underperforming Q3 2022 financial report to rising inflation and the war in Ukraine. The report tanked other stocks.Snap (NYSE: SNAP), the first major social media company to release its Q3 2022 earnings, posted disappointing figures. For the period that ended September 30th, the prominent camera and social media company saw its shares plummet 25%. Furthermore, the California-based company warned that it would see no revenue growth in the typically busy holiday quarter. In a...
Read More »Tesla (TSLA) Stock Slides 6.65% after Company’s Revenue Missed Expectations
The revenue miss did not impress investors as the company’s shares fell by 6.65% on Thursday to close at $207.28.The stock price of American multinational electric vehicle maker Tesla Inc (NASDAQ: TSLA) is on a downtrend as the company’s revenue for the third quarter missed estimates. Per the results published, Tesla’s Earnings Per Share (EPS) came in at $1.05, a figure better than the 99 cents that were projected by analysts.The company missed its revenue estimates as it reported $21.45...
Read More »Elon Musk Weighs In on Pending Twitter Acquisition, Macroeconomic Issues at Latest Tesla Q3 Earnings Call
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Read More »Hong Kong Stock Exchange Sees Lower Q3 2022 Profit as Trade Volume Slips
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Read More »Nasdaq Composite Hits Record High amid Positive Earnings Reports
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Read More »Goldman Sachs Unveils Its Q3 2022 Earnings that Topped Wall Street Expectations
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Read More »Roblox Sees Shares Pop 19% on User Growth in September 2022 Metrics Report
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Read More »Bank of America (BoA) & BNY Mellon Post Strong Q3 2022 Results, Primarily Aided by Higher Interest Rates
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Read More »Bitcoin Miner Digihost Issued Delisting Warning by Nasdaq after Trading below $1 for 30 Consecutive Days
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