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Zoom Video is facing lower demand, DiDi is set to delist in U.S. to resolve security review, drug regulators consider vaccines for young children, and other news to start your day.
High-quality items seldom go on sale. Grab them when they do.
The mood has changed at the headquarters of Meta Platforms , parent of Facebook, Instagram and WhatsApp, in Menlo Park, California. For months now, many economists have been anticipating a sharp downturn in the economy due to aggressive monetary policy by the Federal Reserve and central banks around the world to combat record price increases everywhere. The Russian war in Ukraine has further exacerbated the supply chain problems caused by the Covid-19 pandemic.
Close to 12,000 fewer homes sold in April and May compared to the pre-pandemic average.
Zuckerberg's chilling message to Meta Platforms Inc. employees: The company faces one of the "worst downturns that we've seen in recent history" that will necessitate a scaling back in hires and resources.
Lindsay Lohan surprises fans by announcing her marriage to Bader Shammas. See the "Freaky Friday" star's touching Instagram tribute on her 36th birthday!
Two weeks that seemed like an eternity in Elon Musk's world. After having dominated almost all conversations in business circles since the beginning of the year, the richest man in the world had suddenly become silent since June 21, the date of his last tweets on the microblogging website Twitter.
There's no sugarcoating it: Times are tough in the stock market. The Dow Jones Industrial Average, the Nasdaq Composite, and the S&P 500 are down 15%, 30%, and 21%, respectively, at he halfway point of the year. All of this can seem frightening, but bear markets are as natural as the seasons.
Today we will run through one way of estimating the intrinsic value of Occidental Petroleum Corporation ( NYSE:OXY ) by...
Tesla's rivals are not even coming close to producing and delivering EVs at the same rate as the Austin, Texas-based market leader.
The move is one of the most drastic responses by the Kremlin so far to the flight of Western companies from Russia in the wake of the country’s invasion of Ukraine.
Michael Burry called the stock market the “greatest speculative bubble of all time in all things” last year. Now, he’s arguing corporate earnings will take a hit, driving prices even lower.
Elon Musk said he was "honored" to meet Pope Francis as he shared a snap featuring four of his sons after 10 days off Twitter
The first half of the year has been rough for Walt Disney (NYSE: DIS) and its investors. The stock is down 39% at the midpoint of 2022. As one of the more well-rounded media companies, there's always something going on at the House of Mouse.
Don't feed the bear market, prepare for the next bull run. Tesla deliveries fell sharply in Q2 with BYD on tap.
The Euro has fallen a bit during the trading session on Friday again, as we continue to see US dollar strength overall.
Lindsay Lohan announces that she got married to her fiancé, Badar Shammas, on Instagram Saturday. The pair announced an engagement in November 2021.
The German city of Hamburg will ration hot water for private households and limit the maximum heating temperature in the event of an acute gas shortage, its environment senator said as Germany braces for possible outages of Russian gas imports. Germany moved last month to stage two of its three-tier emergency gas plan after Russia reduced deliveries via the Nord Stream 1 pipeline -- a step before the government rations fuel consumption. The government is appealing to citizens and companies to cut energy consumption and help the country fill its gas storage capacity by winter but cities are also considering measures if gas runs out.
Oppenheimer continues to expect strong fundamentals in the U.S. banking sector, even as fears of a recession heighten.
Shares of Meta Platforms (NASDAQ: META) dipped 16.7% in June, according to data from S&P Global Market Intelligence. The social media conglomerate that owns Facebook, Instagram, and WhatsApp is slowing down hiring this year and was probably affected by the broad market sell-off in technology stocks last month. There was no official news from Meta Platforms this month, but, being one of the most valuable companies in the world, there was plenty of other news to dig into.
Tesla's sales from April through June fell to their lowest quarterly level since last fall as supply chain issues and pandemic restrictions in China hobbled production of its electric vehicles.
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