Amazon.com, Inc. announced late Thursday that it would increase the price of its annual US Prime subscriptions. It will raise membership fees by 17.00% to $139.00 per year, significantly higher than the previous $119.00. At the same time, it will elevate the monthly rate from $12.99 to $14.99. Correspondingly, new members will see the increased …
Snap Inc. rocketed 59.18% on Thursday post-trading after releasing its first-ever profitable quarterly results on a net income basis as a public company. Correspondingly, its stock price significantly gained 14.50 points to $39.00 per share. It reversed its slump of 23.60% or 7.57 points in the regular market session. The social media company now stands …
Snap Inc. Stocks 59.18% Up on Profitable Q4 Results Read More »
This year’s second half, Poland-based online forex and CFDs broker XTB plans to start trading in South Africa. XTB, nevertheless, plans to increase its presence in the Middle East. Pawel Szejko, an XTB Board Member for financial affairs, stated that the organization’s current focus is on growing its presence in Middle Eastern nations. XTB established …
XTB to Launch its Forex Trading Service in South Africa Read More »
Qualcomm Inc. delivered a strong outlook for the fiscal second quarter as smartphone chip sales soared in the holiday period. In the company’s latest guidance, the estimated adjusted earnings were between $2.80 to $3.00 per share. The projection edged up from the average analysts’ estimate of $2.51. Consequently, the world’s largest chipmaker forecasted a revenue …
Qualcomm Gives Solid Outlook as Phone Chip Sales Soar Read More »
Shares of Facebook parent Meta Platforms Inc. sharply sank 22.89% in extended trading on Wednesday after it reported disappointing fourth-quarter earnings. The California-based tech giant lost 73.95 points to $249.05 per share. It dropped its gain of 1.25% or 4.00 points to $323.00 per share in the regular market session. In line with this, it …
Meta Stocks Plunge 22.89% on Weak Earnings Report Read More »
PayPal Holdings, Inc. projected slower growth in the first quarter, pointing to several factors contributing to the cautious outlook. Currently, the financial technology company faces inflationary pressures, weaker consumer sentiment, and a supply crunch. The said problems have a more pronounced impact on spending, specifically among the firm’s lower-income customers. At the same time, PayPal …
PayPal Projects Slower Growth in the First Quarter Read More »
Shares of Alphabet Inc. surged on Tuesday extended trading after it beat top and bottom lines for the fourth quarter. The multinational conglomerate company hiked 9.16% or 252.12 points to $3,005.00 per share. It followed its upturn of 1.73% or 46.81 points to $2,752.88 per share in the regular hours market. Alphabet Inc. reported its …
The Fed signaled its intent to increase interest rates as early as March after its meeting last week. Hence, money markets and central Wall Street banks are now anticipating as many as five rate hikes this year. But some investors anticipate policymakers to prepare the markets for more rapid rate increases this year to check …
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