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Despite reassurances from financial regulators and bankers such as Jamie Dimon that the banking system remains strong, uncertainty continues to impact the banking industry. Shares of PacWest Bank, a smaller regional lender, dropped by almost 50% after confirming reports that it was considering "strategic options," including the possibility of selling the company.
Overall Revenue dropped for the quarter ended April 1, but iPhone sales increased against the industry’s shipments squeeze, supporting Apple’s top line
Sales of gaming console Playstation5 hit record highs in Fiscal 2022 as today’s release showed, as Microsoft Xbox seems to struggle and UK regulator blocked the acquisition of Activision
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 Competition and Markets Authority stated in a press release that the acquisition would limit innovation and choice for U.K. gamers in the future.
The two contenders in the generative Artificial Intelligence arena reported solid quarterly results, with Google Cloud finally breaking into profits
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 EV giant’s profitability dropped significantly in the first quarter and margins were squeezed, amidst multiple price cuts, but Tesla pushes for higher production over margins
The streaming giant’s financial were mostly strong, but added only 1.75 million subscribers in the first quarter and also delayed a broader crackdown on password sharing for Q2
BAC and GS report q1 earnings
Tesla is set to release its first-quarter earnings on Wednesday, with investors interested in the impact of recent price cuts on margins and demand for the company's electric vehicles. Analysts predict adjusted earnings of 86 cents a share and sales of $23.8 billion for the quarter.
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