Meta, formerly known as Facebook, recently released its fourth-quarter earnings report, surpassing expectations and impressing investors. The company’s earnings per share reached $5.33, beating LSEG’s estimate of $4.96. Additionally, Meta’s revenue stood at $40.1 billion, surpassing the projected $39.18 billion. The company’s impressive performance led to a 15% surge in its stock price after hours.
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When it comes to the quarterly results of tech giants Alphabet and Microsoft, the reaction from Wall Street can be summed up in one phrase: good, but not good enough. Despite reporting revenue and earnings that exceeded estimates, both companies experienced a sell-off in extended trading. This can be attributed to the fact that these
Quiet luxury emerged as a viral fashion trend last year, gaining momentum on social media platforms such as TikTok and Instagram. Unlike other fleeting fads, this trend has proven to be more than just a passing trend, as it has made its way into investor portfolios and yielded significant returns. So, what exactly is “quiet
In Singapore, the central bank made its first quarterly monetary policy decision of 2024. The Monetary Authority of Singapore announced that it would maintain its exchange rate policy band known as the Singapore dollar nominal effective exchange rate or S$NEER. This decision was in line with expectations and indicates the bank’s commitment to stability in
In a devastating turn of events, three U.S. service members were tragically killed and several others wounded in an unmanned aerial drone attack on American forces stationed in northeastern Jordan near the Syrian border. President Joe Biden and U.S. officials have attributed the attack to Iran-backed groups, making it clear that the situation in the
When Apple introduced the iPhone in 2007, it was hailed as a groundbreaking device that would redefine the smartphone industry. Fast forward to today, and the iPhone has become one of the most popular phones in the world, with over 2.3 billion units sold and a staggering 1.5 billion active users. This article will take
The tech industry is currently at a crossroads, with some companies prioritizing investments in artificial intelligence (AI) while others continue to face layoffs. According to industry experts, this trend is expected to persist into 2024, leading to further job losses in certain sectors. As of now, tracker layoffs.fyi reports that over 20,000 tech employees have
Shares of electric vehicle (EV) makers and Tesla’s Asia suppliers have taken a hit after the EV giant missed its fourth-quarter revenue and profit targets and warned of slower sales this year. This article examines the implications of Tesla’s disappointing results on the wider EV industry and the subsequent decline in stock prices of related
After its monetary policy meeting, the European Central Bank (ECB) is expected to maintain interest rates at their current record high. However, investors seeking clarity on potential rate cuts may be left disappointed. This article examines the market expectations, recent comments from ECB officials, and economic factors that may influence future monetary policy decisions. According
Alphabet, the parent company of Google, recently made a surprising announcement that it has decided to sever its contractual relationship with Appen, an artificial intelligence (AI) data firm. Appen has played a crucial role in training Google’s chatbot Bard, optimizing Google Search results, and assisting with various other AI products. This decision, which will become