Meta Returned to Revenue Growth, With its User Base Expanding in Q1 2023
The Facebook and Instagram parent company posted strong financials and users metrics, as it continues its effort to become more efficient and catch up on AI
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The Facebook and Instagram parent company posted strong financials and users metrics, as it continues its effort to become more efficient and catch up on AI
The two contenders in the generative Artificial Intelligence arena reported solid quarterly results, with Google Cloud finally breaking into profits
Watch today’s US Open for commentary on the upcoming Big Tech earnings, the renewed banking jitters, the latest ECB-speak and more
The index faces difficulties on the cusp of a bull market, as markets brace for a series of earnings by tech heavyweights, including Facebook-parent Meta Platforms
The regional US bank came under pressure after the failure of Silicon Valley Bank in March and is latest earnings report revealed a 40% slump in deposits during the first quarter
The latest data shows that the LEI declined by 1.2% in March to 108.4. This follows a decline of 0.5% in February. From September 2022 to March 2023, the LEI was down 4.5%, which is steeper than the 3.5% decline for the previous six months.
Facebook-parent Meta reports its latest quarterly results on Wednesday April 26, after a strong start to the year, as it tries to turn things from the hardships of 2022
The tech-heavy index is constrained after last month’s march, with this week’s earning by Netflix & Tesla not helping, as markets contemplate sticky inflation, hawkish Fed and prospects of economic slowdown
Watch today’s US Open for commentary on the quarterly results by Netflix and Tesla, the higher than expected UK inflation, its deceleration in New Zealand and more
Given the size of its contribution to GDP, monitoring the health of consumption is important. By and large there are worrying signs. Total vehicle sales and underemployment are showing fragility in terms of their momentum and chain store sales are negative. The existing homes sales series has bounced somewhat but is yet to pass the threshold implying an underlying positive momentum. Consumer sentiment has turned positive but there is a…
Watch today’s US Open for commentary on the strong economic data from China, the elevated wage figures from the UK, the upcoming earnings from Netflix and Tesla and more
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