Snap Reports Earnings
On Wednesday, February 7, Snap’s share price showed a 30% drop in morning trading.
Report - page 106
Moody’s Downgrades New York Community Bancorp
New York Community Bancorp, which is a financial institution that is part of the structure of the American regional banking sector last Tuesday, February 6, faced a serious problem in the form of a credit rating downgrade to junk status, the decision on which was made by experts at Moody’s Investors Service.
SoftBank Poises for Best Quarter in Years
After a period of setbacks, when prospects are shrouded in fog or completely disappear into impenetrable darkness, Masayoshi Son seems to have received a reason for positive news about the activities of the SoftBank Group Corp. headed by him, which is that this business structure plunged into one of the best quarters in recent years […]
Nubank Approaches $1 Billion in Revenue
Brazilian neobank Nubank is confident that it will be able to become the largest financial services company in Latin America.
SMIC’s Profit Exceeds Estimates
The quarterly profit of Semiconductor Manufacturing International Corp. (SMIC) exceeded preliminary expectations.
Meta to Detect and Label More AI-Created Posts
Meta Platforms Inc. will expand the scope of labeling publications that were created using artificial intelligence technology on social media platforms.
TSMC to Open Second Japan Chip Factory
Taiwan Semiconductor Manufacturing Co., one of the world’s largest chip makers, is expanding its presence in Japan.
Xi Jinping Reportedly to Discuss China Stocks With Regulators
The media reported that regulators intend to inform the head of the People’s Republic of China Xi Jinping about the stock market situation.
UBS Restarts Buybacks
UBS Group AG has announced its intention to resume share buyback in the current year.
Microsoft Forms AI Partnership With Startup Semafor
Microsoft has launched a partnership in the artificial intelligence industry with a news startup called Semafor.
Sri Lanka Eyes $5 Billion in Foreign Funds
Sri Lanka expects to raise about $5 billion in foreign funds over the next two years.
China’s Services Activity Expands at Slow Pace
In China, an increase in the level of activity in the local sphere of services was recorded last month, the intensity of which turned out to be lower than the indicator of preliminary expectations regarding this parameter of the functioning of the corresponding area.
Jeff Bezos Plans to Sell Up to 50 Million Amazon Shares
Jeff Bezos intends to sell up to 50 million shares of Amazon.com Inc. over the next 12 months.
India to Review Tax on Online Gaming
India intends to review the national sales tax regime for companies that operate in the sphere of online gaming after March of the current year.
UniCredit Shares Demonstrate Growth
UniCredit SpA Bank reported revenue, which turned out to be the highest in more than eight years.
B2B Payments to Reach $124 Trillion Globally by 2028
A new study from Juniper Research, revealed that the value of B2B payments will grow 40% by 2028, up from $89 trillion in 2024, largely due to digital payment adoption in developing markets.
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