The largest lodging company that does not own a single property, we are talking about Airbnb (ABNB.US) has demonstrated its ability to scale the business effectively, achieving profitability for the first time in 2022 while simultaneously improving margins. In addition, ultra-low rates may be placed on your 2026 convertible notes, while competitors may be left looking for possible […]
Stocks
Stocks
Stocks
05
May
May
Stock Watch (AAPL.US)
Apple (AAPL.US), iPhone manufacturer, reported earnings for fiscal-Q2 2023 (calendar Q1 2023) yesterday after the close of the Wall Street session. Results turned out to be better-than-expected, thanks to a beat in iPhone sales. Company has also announced a $90 billion increase in buyback programme as well as increase in quarterly dividend for the eleventh […]
01
May
May
Sony shares tumble on weaker-than-expected annual outlook
TOKYO (Reuters) – Sony (NYSE:SONY) Group Corp’s shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate’s annual profit outlook fell short of market expectations. The company on Friday posted a record operating profit for the year ended March 2023, driven by a robust performance at its music and microchip units. For […]
28
Apr
Apr
Central Banks Currencies Economic News Forex Futures Gold index Industry News Latest News Our Blog Stocks
US PCE Higher Than Expected
US PCE price index y/y: 4,2% vs 4,1% exp. and 5,0% previously US PCE price index m/m: 0,1% vs 0,1% exp and 0,3% previously US Core PCE y/y: 4,6% vs 4,58% exp and 4,6% previously US Core PCE m/m: 0,3% vs 0,3% exp and 0,3% previously US Consumer spending data: 0% vs -0,1% exp and 0,2% […]
27
Apr
Apr
US 100 Trades Lower After US GDP Miss
US, US GDP report for Q1. US, initial jobless claims. Actual: 230k. Expected: 249k. Previous: 245k Lower growth – as suggested by GDPNow model, but higher price pressures. Weak mix from the perspective of future Fed decisions. US100 loses, dollar gains slightly. Source: xStation 5
26
Apr
Apr
CNBC Report Sees Gold Break Above $2,000
Risky assets, like equities or commodity currencies, dipped shortly before the Wall Street cash session opened following a report from CNBC on First Republic Bank. According to the media piece, the US government is currently unwilling to intervene to save First Republic Bank. First Republic Bank is on watch after Q1 earnings release highlighted the […]
26
Apr
Apr
Shares of Activision Blizzard (ATVI.US) Slump 10% in Premarket
Shares of Activision Blizzard (ATVI.US), US video game company, are plunging 10% in premarket today. Slump was triggered by the decision of the UK regulator to block a $69 billion takeover of the company by Microsoft (MSFT.US). The UK Competition and Markets Authority (CMA) said that antitrust concerns could not be solved by proposals made […]
26
Apr
Apr
Central Banks Currencies Economic News Forex Futures index Industry News Middle East Stocks Uncategorized
German Consumer Confidence at it’s Highest in Over a Year
The index of German consumer confidence according to the GfK institute came in at -25.7 points for the reading, against a forecast of -27.7 points and a previous reading of -29.3 points. It is worth mentioning that this is the highest reading in more than a year. Source: GfK
26
Apr
Apr
Talking Spotify Q1 User Data
Spotify Technologies (SPOT.US), Swedish music streaming company listed on Wall Street, reported Q1 2023 earnings report before the Wall Street session opened Tuesday. Results can be seen as mixed but there are some positives that boosted investors’ sentiment towards the company. While Q1 revenue at €3.04 billion was mostly in-line with market expectations, the company […]
25
Apr
Apr
U.S Open Dow Jones Pulls Back
Wall Street indices launched today’s cash session lower. Attention is once again on banks after earnings from First Republic Bank showed that the bank experienced intense deposit flight during SVB turmoil and was close to collapsing. FRC launched today’s cash trading session with an over-20% bearish price gap. Earnings releases are the main source of company-specific […]