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Wall Street rallies as earnings season boost offsets economy worries

Wall Street rallies as earnings season boost offsets economy worries

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Shares in Meta closed up 13.9% after touching their highest level in more than a year after the company forecast quarterly revenue above estimates, and CEO Mark Zuckerberg said AI was increasing traffic to its services and boosting ad sales.

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​ Shares in Meta closed up 13.9% after touching their highest level in more than a year after the company forecast quarterly revenue above estimates, and CEO Mark Zuckerberg said AI was increasing traffic to its services and boosting ad sales. Shares in Meta closed up 13.9% after touching their highest level in more than a year after the company forecast quarterly revenue above estimates, and CEO Mark Zuckerberg said AI was increasing traffic to its services and boosting ad sales.  Moneycontrol Latest News Read More  

Shares in Meta closed up 13.9% after touching their highest level in more than a year after the company forecast quarterly revenue above estimates, and CEO Mark Zuckerberg said AI was increasing traffic to its services and boosting ad sales.

Amazon sees cloud slowdown in April, shares erase gains

Amazon sees cloud slowdown in April, shares erase gains

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In extended trading, Amazon#39;s stock initially added about $125 billion in value on its upbeat view of consumer sentiment and the company#39;s holding its own among cloud competitors, only to see the entire gain vanish in a matter of minutes.

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​ In extended trading, Amazon#39;s stock initially added about $125 billion in value on its upbeat view of consumer sentiment and the company#39;s holding its own among cloud competitors, only to see the entire gain vanish in a matter of minutes. In extended trading, Amazon#39;s stock initially added about $125 billion in value on its upbeat view of consumer sentiment and the company#39;s holding its own among cloud competitors, only to see the entire gain vanish in a matter of minutes.  Moneycontrol Latest News Read More  

In extended trading, Amazon#39;s stock initially added about $125 billion in value on its upbeat view of consumer sentiment and the company#39;s holding its own among cloud competitors, only to see the entire gain vanish in a matter of minutes.

King Charles coronation to be recorded as an album

King Charles coronation to be recorded as an album

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In a statement on Friday, label Decca Records said it would record the May 6 service at Westminster Abbey, as well as pre-service music, as “The Official Album of the Coronation” and release it for streaming and download on the same day.

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​ In a statement on Friday, label Decca Records said it would record the May 6 service at Westminster Abbey, as well as pre-service music, as “The Official Album of the Coronation” and release it for streaming and download on the same day. In a statement on Friday, label Decca Records said it would record the May 6 service at Westminster Abbey, as well as pre-service music, as “The Official Album of the Coronation” and release it for streaming and download on the same day.  Moneycontrol Latest News Read More  

In a statement on Friday, label Decca Records said it would record the May 6 service at Westminster Abbey, as well as pre-service music, as “The Official Album of the Coronation” and release it for streaming and download on the same day.

World Bank approves $150 million loan to Panama for green development

World Bank approves $150 million loan to Panama for green development

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The Development Policy Loan (DPL) represents the first of two operations in Panama, it added.

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​ The Development Policy Loan (DPL) represents the first of two operations in Panama, it added. The Development Policy Loan (DPL) represents the first of two operations in Panama, it added.  Moneycontrol Latest News Read More  

The Development Policy Loan (DPL) represents the first of two operations in Panama, it added.

Snap misses revenue expectations, warns on Q2 outlook

Snap misses revenue expectations, warns on Q2 outlook

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The Santa Monica, California-based company, which owns photo messaging app Snapchat, has long been known to jumpstart new trends in social media that have been copied by larger rivals, but has faced investor questions about whether it can turn its investments in new technology like augmented reality (AR) into revenue growth.

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​ The Santa Monica, California-based company, which owns photo messaging app Snapchat, has long been known to jumpstart new trends in social media that have been copied by larger rivals, but has faced investor questions about whether it can turn its investments in new technology like augmented reality (AR) into revenue growth. The Santa Monica, California-based company, which owns photo messaging app Snapchat, has long been known to jumpstart new trends in social media that have been copied by larger rivals, but has faced investor questions about whether it can turn its investments in new technology like augmented reality (AR) into revenue growth.  Moneycontrol Latest News Read More  

The Santa Monica, California-based company, which owns photo messaging app Snapchat, has long been known to jumpstart new trends in social media that have been copied by larger rivals, but has faced investor questions about whether it can turn its investments in new technology like augmented reality (AR) into revenue growth.

Intel says margins will recover in second half of 2023, shares rise

Intel says margins will recover in second half of 2023, shares rise

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The PC and data center chipmaker estimated second-quarter earnings below Wall Street forecasts despite its greater sales optimism, a sign that the company is still struggling to make money despite early signs of a recovery in global chip demand.

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​ The PC and data center chipmaker estimated second-quarter earnings below Wall Street forecasts despite its greater sales optimism, a sign that the company is still struggling to make money despite early signs of a recovery in global chip demand. The PC and data center chipmaker estimated second-quarter earnings below Wall Street forecasts despite its greater sales optimism, a sign that the company is still struggling to make money despite early signs of a recovery in global chip demand.  Moneycontrol Latest News Read More  

The PC and data center chipmaker estimated second-quarter earnings below Wall Street forecasts despite its greater sales optimism, a sign that the company is still struggling to make money despite early signs of a recovery in global chip demand.

Mastercard reports US antitrust probe of debit card program

Mastercard reports US antitrust probe of debit card program

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The company in a filing said it had received a civil investigative demand, the civil equivalent of a subpoena, from the Justice Department#39;s Antitrust Division. The filing did not specify the government#39;s concern beyond saying it had to do with its U.S. debit program and competition with rivals.

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​ The company in a filing said it had received a civil investigative demand, the civil equivalent of a subpoena, from the Justice Department#39;s Antitrust Division. The filing did not specify the government#39;s concern beyond saying it had to do with its U.S. debit program and competition with rivals. The company in a filing said it had received a civil investigative demand, the civil equivalent of a subpoena, from the Justice Department#39;s Antitrust Division. The filing did not specify the government#39;s concern beyond saying it had to do with its U.S. debit program and competition with rivals.  Moneycontrol Latest News Read More  

The company in a filing said it had received a civil investigative demand, the civil equivalent of a subpoena, from the Justice Department#39;s Antitrust Division. The filing did not specify the government#39;s concern beyond saying it had to do with its U.S. debit program and competition with rivals.

Vodafone appoints Della Valle as permanent CEO with #39;change mission#39;

Vodafone appoints Della Valle as permanent CEO with #39;change mission#39;

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The company, which spans Europe and Africa, said it had conducted a rigorous internal and external search before choosing the insider who has been chief financial officer since 2018.

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​ The company, which spans Europe and Africa, said it had conducted a rigorous internal and external search before choosing the insider who has been chief financial officer since 2018. The company, which spans Europe and Africa, said it had conducted a rigorous internal and external search before choosing the insider who has been chief financial officer since 2018.  Moneycontrol Latest News Read More  

The company, which spans Europe and Africa, said it had conducted a rigorous internal and external search before choosing the insider who has been chief financial officer since 2018.

Citigroup#39;s global head of currencies, Stuart Staley, to leave bank

Citigroup#39;s global head of currencies, Stuart Staley, to leave bank

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Stuart Staley, who joined Citigroup in New York in 2004, was appointed global head of FX in 2022, according to the memo, which was signed by Citi#39;s global head of markets, Andy Morton.

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​ Stuart Staley, who joined Citigroup in New York in 2004, was appointed global head of FX in 2022, according to the memo, which was signed by Citi#39;s global head of markets, Andy Morton. Stuart Staley, who joined Citigroup in New York in 2004, was appointed global head of FX in 2022, according to the memo, which was signed by Citi#39;s global head of markets, Andy Morton.  Moneycontrol Latest News Read More  

Stuart Staley, who joined Citigroup in New York in 2004, was appointed global head of FX in 2022, according to the memo, which was signed by Citi#39;s global head of markets, Andy Morton.

US economic growth slows in first quarter as businesses draw down inventories

US economic growth slows in first quarter as businesses draw down inventories

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The first decline in private inventories in 1-1/2 years reported by the Commerce Department in its snapshot of first-quarter gross domestic product on Thursday is potentially good news for the economy this quarter as it faces a possible recession by year end.

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​ The first decline in private inventories in 1-1/2 years reported by the Commerce Department in its snapshot of first-quarter gross domestic product on Thursday is potentially good news for the economy this quarter as it faces a possible recession by year end. The first decline in private inventories in 1-1/2 years reported by the Commerce Department in its snapshot of first-quarter gross domestic product on Thursday is potentially good news for the economy this quarter as it faces a possible recession by year end.  Moneycontrol Latest News Read More  

The first decline in private inventories in 1-1/2 years reported by the Commerce Department in its snapshot of first-quarter gross domestic product on Thursday is potentially good news for the economy this quarter as it faces a possible recession by year end.

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