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Facebook Parent Meta Shares Fall After Company Warns Of ‘Weak Advertising Demand’
ToplineFacebook parent Meta saw its stock plunge in after-hours trading on Wednesday following second-quarter earnings results that came in below expectations, as investors were particularly spooked by the company’s weak revenue forecast…
S&P 500 Falls Over 1% After Walmart’s Profit Warning, Consumer Confidence Tumbles
ToplineThe stock market fell on Tuesday, with retail stocks leading declines after Walmart slashed its profit outlook for the rest of the year and warned that high inflation is having an impact on consumer spending, while new data showed…
Walmart Shares Plunge Nearly 10% After Company Warns Of Profit Slowdown Due To Inflation
ToplineShares of Walmart fell nearly 10% in after-hours trading on Monday after the company slashed its profit outlook for the second quarter and rest of the year, warning that high inflation is having an impact on consumer spending habits.…
Can Stocks Clear The Next Hurdle?
Stock market challenges ahead getty Even though earnings from Snap dampened the gains last week it was the most encouraging stock market action in a month. The 39% plunge in SNAP carried over to other tech giants as Meta Platforms was…
Reprise: Why The Upcoming Rise In Interest Rates Will Be The Fed’s Last Hurrah
US Leading Index Universal Value Advisors The equity market rally this week (ended July 22) looks to us to be a “Bear Market” rally supported by short-covering and the mistaken belief that a soft landing is possible and a recession…
Dollar Maintains Its Currency Crown As Inflation Takes Bigger Bites Everywhere Else
The U.S. dollar has been the world’s dominant currency for three-quarters of a century, and though it may not be apparent to inflation-wracked Americans, the currency maintains more purchasing power than most of its major rivals. That’s…
Stock Market Breaks Winning Streak After Data Reveals ‘Worrying Deterioration’ In Economy
ToplineThe stock market fell Friday after new data showing U.S. manufacturing activity has stalled and the service sector’s pandemic recovery has gone into reverse as a result of high inflation and mounting interest rate hikes, feeding…
BYD Makes First Foray Into Japan Passenger Car Market With Three EV Models
BYD unveiled three EV models for the Japan market at a conference in Tokyo on Thursday. BYD China-headquartered BYD, the world’s largest maker of electric vehicles, held a press conference in Tokyo on Thursday to unveil plans to enter…
Exxon Mobil Dividend Yield Pushes Past 4%
In trading on Wednesday, shares of Exxon Mobil were yielding above the 4% mark based on its quarterly dividend (annualized to $3.52), with the stock changing hands as low as $87.25 on the day. Dividends are particularly important for…
Netflix Shares Jump Over 6% After It Reports Smaller Subscriber Loss Than Forecast
ToplineShares of Netflix surged after the closing bell Tuesday despite the streaming giant’s disclosure in its second-quarter earnings report that it lost subscribers for a second quarter in a row, as the total was lower than investors had…