Gold futures were higher 0.26% to $1,797.70 by 10:53 PM ET (3:53 AM GMT). Nevertheless, gold fell under the $1,800 mark and dropped nearly 2% for the week to date, the worst fall after Nov. 26. The dollar usually moves inversely to gold. It crawled down on Friday but traded near its highest level after …
Apple Inc.’s latest sales and profit surpassed the market forecasts as the costly global chip shortage eases. The iPhone maker’s total net revenue posted an annual increase of 11.00% to $123.90 billion, above the consensus of $118.66 billion. Accordingly, Apple beat analysts’ average estimates for sales in every product category except for iPads. Its iPhone …
Shares of Robinhood Markets Inc. plunged on Thursday extended trading after it posted a $423.00 million net loss in the fourth quarter. The commission-free brokerage firm sank 12.75% or 1.48 points to $10.13 per share, far from its August record high of $85.00. It also trailed its loss of 6.45% or 0.80 points to $11.61 …
Robinhood Stocks Slump as it Posts $423M Net Loss Read More »
A systematic investment plan (SIP) involves a disciplined approach to investing, in which investors make consistent, regular payments in a mutual fund over a certain period to build wealth in the long term. As more and more people learn the benefits of investing via SIPs, a few misconceptions about SIPs have been created. For example, …
Powered by bets, the U.S. Federal Reserve could deliver more rapid and more significant interest rate hikes in the months ahead. A day behind, the Fed flagged that it was ready to begin lifting rates in March to contain inflation. Money markets moved to price in as many as five quarter-point increases by year-end. This …
Tesla, Inc. has delayed the production of its Cybertruck, aiming to start in 2023, due to worldwide supply chain challenges. Accordingly, the leading electric vehicle maker warned that the chip shortage could persist throughout this year. The company also saw transportation, labor, and other manufacturing issues in the current quarter. These conflicts limited its ability …
On Wednesday, the financial market regulator in Kenya announced that HF Markert Group, the retail forex and CFD trading brand HotForex, had obtained a new license. According to sources, the Capital Markets Authority (CMA) has licensed HFM Investments Limited, a locally incorporated affiliate of the brokerage group. However, it is uncertain when the broker will …
Shares of Intel Corporation slipped on Wednesday extended trading as it faces challenges linked to persistent global supply chain problems. The world’s largest chipmaker fell 2.79% or 1.44 points to $50.25 per share after the bell. It skidded its gain of 1.35% or 0.69 to 51.69 in the regular hours. The firm has now traded …
Intel Stocks Slip as it Sees Supply Strains this Year Read More »
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