Author: Will Smith

The stock of Facebook owner Meta Platforms Inc (FB.O) fell more than 20% late Wednesday after the social media giant issued a weaker-than-expected projection, blaming Apple’s privacy rules and more competition for users from rivals such as TikTok. For the first time, Facebook’s worldwide daily active users fell from 1.930 billion to 1.929 billion in…

Earnings reports from the United States have been less remarkable this quarter than in previous quarters, giving some investors another cause to be concerned after Wall Street turbulent start to the year. Disappointments from corporations such as Goldman Sachs Group (GS.N), which failed quarterly profit forecasts, and Netflix Inc, which provided a negative projection, have…

Asian stocks rose on Monday as Wall Street futures stabilized, but there will be more tests coming as UK interest rates are set to climb this week, and rising oil prices add to inflation concerns. Due to the Lunar Winter Holidays, trading volumes were light, and MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS)…

After disclosing its finest fourth-quarter profit in four years, Samsung Electronics Co Ltd predicted a recovery in worldwide tech device demand in 2022 but cautioned of currently underway challenges from supply chain challenges and COVID-19. The world’s top memory chip and smartphone manufacturer said it expects development in its chip sector and also in smartphones…

On Monday, Asian stock markets fell as investors awaited a Federal Reserve meeting at which the financial sector is anticipated to confirm that it will soon begin removing the massive pool of liquidity that has fueled growth stocks in recent years. Worries about a probable Russian strike on Ukraine heightened the caution, with the US…