Tag Archives: meta

The one thing Google, Snapchat, TikTok and Facebook all have in common is their business model that rely a lot on selling advertisements. This is why they of course share something else: a problem. Google is expected to comprise 30% of total worldwide digital ad revenues this year. Snapchat and …

Facebook owner Meta Platforms is to report quarterly results that provides a clearer idea about advertising spending, the core source of revenue for all social media companies. The Meta earnings report will be released later on Wednesday.The lack of clarity on ad spending is a reason why Meta stock and …

US stocks retreated on Friday, snapping a three-day winning streak, as some surprisingly weak quarterly updates from companies spooked investors.The S&P 500 fell 37.32 points, or 0.9%, to 3961.63 a day after the broad benchmark index jumped 1%. The Dow Jones Industrial Average edged down 137.61 points, or 0.4%, to …

US equities have enjoyed a strong tech-led rebound on Thursday after stronger than expected Meta Platforms earnings. The S&P 500 was last up nearly 3.0% and above 4,300 and the Nasdaq 100 was last up nearly 4.0%.But the major US indices remain on course to post hefty on-the-month losses and …

Wall Street jumped on Wednesday, closing sharply higher as megacap growth stocks powered up thanks to a pause in rising interest rates, and upbeat earnings reports also encouraged investors to buy.The benchmark 10-year US Treasury yield slipped from multi-year highs hit in the previous session, helping steady sentiment across global …

Fierce swinging in stocks and a sharp upping of government bond yields are putting the spotlight on next week’s US inflation data, as investors look forward to more volatility across asset markets.A turbulent week in markets ended with a surge in Treasury yields to their highest level in more than …

The largest cryptocurrency by market capitalization retreated before recovering ground later in the day. Bitcoin’s price was roughly flat over the past 24 hours, while its spot volume reduced further.Bitcoin ‘s price late Thursday was roughly flat after dipping in earlier in the day, while spot trading volume remained muted. …

The S&P 500 slumped back below the 4500 level on Thursday, dropping over 2.0% on the day. Equity market sentiment took a battering after dour earnings guidance from tech giant Meta Platforms (Facebook). Focus has shifted to Amazon earnings after the closing bell and Friday’s US jobs report. Major US …

US equities mostly fell on Thursday, with losses in large-cap tech stocks leading the fall. The S&P 500 was last down about 0.5% and testing the 4700 level, while the Nasdaq 100 index was last down 1.4% and back nuder 15,700. Apple was down nearly 1.0%, Meta (Facebook) was down …

The selloff gained force Friday, leaving the NYSE FANG+ Index of Tech Industry’s giants bordering on correction territory, or a 10% drop from the highest. That’s not seen as a good sign heading into the end of the year, the most illiquid trading season. Shares of Tesla, Netflix, Nvidia and …