The organisation’s annual revenue of $59.38bn came in just under the Wall Street predictions of $60.52bn. Impacted by its beer sales, which declined by 3.6%, Q4 volumes dropped by 2.6%. US results suffered as the company continues to struggle under the yoke of the marketing ploy involving transgender activist Dylan Mulvaney. Monday, 4 March 2024…
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In 2022, the company forecasted a 9 million subscriber gain, which would bring approximately 30 million net additions for the full year. NFLX’s revenue reports surpassed Wall Street’s prediction of $8.71bn, instead showing a quarterly revenue of $8.83bn, a 12.5% increase compared to the same period in 2022. The streaming giant sent waves through the…
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U.S. stocks looked set for a higher open on Wednesday, with the Dow set to take a shot at 20,000, following a raft of strong quarterly earnings and optimism around President Donald Trump's pro-growth policies, Reuters reported. The Trump rally had driven Wall Street to a series of record highs since November. The S&P 500…
Read moreApple Inc. (AAPL.O), S&P 500’s largest constituent, has been in a great struggle these days with slowing demand for its iPhones in China. Although Apple’s stock gained 1.98% on Thursday (biggest one-day rise since May), it is still down 26% from its own record high close of $133 set on February 23, 2015. On the…
Read morePoor financial performance is taking its toll on Wall Street investment bank Morgan Stanley (NYSE:MS). As per LeapRate's earlier report, the bank posted a set of disappointing financial metrics for the third quarter of 2015, including a 42% decrease in fixed-income trading revenues. The poor trading results will cost hundreds of jobs at Morgan Stanley, with…
Read more"It is not interesting to Chinese investors to buy stock in companies such as Baidu or Alibaba, both giant successful domestic market internet companies. This is because Chinese investors have no influence over the values of the stocks, or the management and operations of the stock exchanges or companies"
Read more“Utilizing the blockchain is a natural digital evolution for managing physical securities" - NASDAQ Chief Executive Robert Greifeld
Read moreFrom his innocuous semi-detached house in Hounslow, West London, Navinder Singh Sarao is alleged to have raked in £27 million by spoofing and layering, and being a major contributor to the 2010 flash crash. He now awaits extradition to the United States to face trial
Read moreThe Forex industry and regulators are still trying to make sense of the digital currency phenomenon; but it didn't stop 2014 from being a year of wider adoption from VC money and Wall Street execs looking to bring the cryptocurrency out of the dark.
Read moreWall Street’s leading bitcoin exchange pursues institutional market makers with pioneering “Market Making Equity Incentive Program”
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