Snap Stock Soars After Massive Earnings Beat
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26Apr
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26Apr
Key Fed inflation measure rose 2.8%
Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated.The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, the same as in February, the Commerce Department...
26Apr
Airbus CFO says A350 plane production increase not tied to Boeing troubles
An Airbus' employee works on an aircraft part of the Airbus A350 at the Airbus Atlantic plant in Bouguenais, near Nantes, western France, on February 29, 2024.Sebastien Salom-gomis | Afp | Getty ImagesAirbus is ramping up production of its A350 aircraft because of consumer demand and not the ongoing crisis at...
26Apr
Alphabet, Microsoft, Intel, Snap and more
Check out the companies making headlines before the bell: Microsoft — Shares gained 4% after the tech giant reported fiscal third-quarter results that topped expectations as its Azure business continued to show momentum. Alphabet — The tech behemoth surged more than 11%. Alphabet posted first-quarter results that topped estimates,...
26Apr
Exxon (XOM) Q1 2024 earnings report
An Exxon gas station is seen on October 06, 2023 in the Brooklyn borough of New York City.Michael M. Santiago | Getty ImagesExxon Mobil on Friday reported first-quarter earnings that missed expectations as the industry came under pressure from eroding refining margins and collapsing natural gas prices.Exxon's stock was...
26Apr
FDA approves Pfizer gene therapy Beqvez for treatment of hemophilia B
Pavlo Gonchar | Lightrocket | Getty ImagesThe Food and Drug Administration on Friday approved Pfizer's treatment for a rare genetic bleeding disorder, making it the company's first-ever gene therapy to win clearance in the U.S. The agency greenlit the drug, which will be marketed as Beqvez, for adults with moderate...
26Apr
Chevron (CVX) Q1 earnings report 2024
Gas pumps are seen at a Chevron gas station in Orlando. Paul Hennessy | SOPA Images | Lightrocket | Getty ImagesChevron beat earnings expectations Friday, but its profit fell from the year-ago period as its refineries and international gas business faced headwinds.The oil major's net income declined 16% to $5.5...
26Apr
Uzbekistan, FDI, and Fintech – Fintech Review
In this exclusive interview, Fintech Rewiew sits down with Laziz Kudratov, the Minister of Investment, Industry and Trade of the Republic of Uzbekistan. Minister Kudratov highlights Uzbekistan’s evolving investment scene, focusing on increased Foreign Direct Investment (FDI). He emphasises progress, especially in the fintech sector. Read more about the...
26Apr
GOOGL delivers the quarter we’ve been waiting for — with a dividend cherry on top
Alphabet on Thursday delivered a knockout first-quarter report, with sales, operating margin and profits all topping Wall Street expectations. The search giant also reloaded its stock buyback program and initiated a quarterly dividend for the first time in its history. Total revenue in the three months ended March 31...
26Apr
Microsoft shares jump 4% after the AI winner delivers in right places
Microsoft delivered picture-perfect earnings after the bell Thursday, calming the market's brief fears about runaway spending on AI infrastructure without the cloud revenues to show for it. Revenue increased about 17% year over year, to $61.86 billion, beating the Street consensus estimate of $60.8 billion, according to data from...