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Meta financial report predicts a decrease in Q2 revenue, and the stock price dropped more than 10% after the market.
Meta announced that the operating revenue in the first fiscal quarter reached 36.46 billion US dollars, higher than the 36.12 billion US dollars expected by analysts. It increased by 27% annually, marking the fifth consecutive quarter of accelerated growth and also achieving the fastest expansion rate within three years since [more ...]
ASML: US restricts it from providing after-sales services for some Chinese equipment.
Peter Wennink, the chief executive of Dutch chip equipment manufacturer ASML, said that in some cases, the US government will prevent the company from providing after-sales services for some of the machines it had previously sold to Chinese customers. However, these restrictions will not have a significant impact on the [more ...]
Macy’s reaches a settlement with activist investors and adds two new directors.
The veteran US department store giant Macy's has ended its dispute with activist investment firm Arkhouse and agreed to add two directors who will be responsible for reviewing Arkhouse's plan to acquire Macy's, which means Macy's may further move towards privatization. After the news was revealed, Macy's stock price once [more ...]
Mountmellick folk artist all set for Culture Night concert performance
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Highlights and runs: San Diego Padres 11-8 Los Angeles Dodgers in MLB
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MotoGP: Jorge Martin wins San Marino Grand Prix sprint race after new lap record
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Brazil thrash Bolivia 5-1 in Neymar’s record-breaking appearance
Pellentesque Aenean Hac Sem Placerat Iaculis Ut Iaculis pharetra facilisis dui urna taciti blandit maecenas condimentum eget phasellus, risus justo turpis hac iaculis nisi feugiat hymenaeos posuere ante pede penatibus torquent, ultrices dapibus dolor fusce donec malesuada Metus sociis. Consequat libero sem mattis duis litora per torquent velit pharetra nunc...
NFL: Super Bowl LVII-Kansas City Chiefs vs Philadelphia Eagles
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Tour de France stage winner Michael Woods of Ottawa headlines 2023 Montreal Grand Prix
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Macy’s reaches a settlement with activist investors and adds two new directors.
The veteran US department store giant Macy's has ended its dispute with activist investment firm Arkhouse and agreed to add two directors who will be responsible for reviewing Arkhouse's plan to acquire Macy's, which means...
Spotlight: Nostalgic jewellery styles that are back in fashion
Pellentesque Aenean Hac Sem Placerat Iaculis Ut Iaculis pharetra facilisis dui urna taciti blandit maecenas condimentum eget phasellus, risus justo...
North Sails partners with Coral Gardeners to launch a conscious beachwear collection
Pellentesque Aenean Hac Sem Placerat Iaculis Ut Iaculis pharetra facilisis dui urna taciti blandit maecenas condimentum eget phasellus, risus justo...
Mountmellick folk artist all set for Culture Night concert performance
Natoque Nascetur Semper Elementum magnis malesuada augue. Sed iaculis luctus bibendum dignissim ridiculus nisi gravida fames ante conubia nascetur facilisis...
“Waymo Applies for NYC Self-Driving Car Permit as Mayor Adams Sets AV Testing Rules—Robotaxis to Operate with Safety Drivers”
Key Points Background Waymo, a leader in the robotaxi industry with over 250,000 weekly trips in cities like San Francisco, Phoenix, Los Angeles, and Austin, [more…]
$40K SALT Cap, New York, GOP Senate, Trump, $10K Limit
Key Points Background The State and Local Tax (SALT) deduction allows taxpayers to deduct state and local taxes from their federal income, capped at $10,000 [more…]
“Six Chinese Cities Suspend Car-Trade-In Subsidies as Funds Run Dry Amid Fraud and Funding Crunch”
Key Points BackgroundSeveral Chinese cities have recently suspended car-buying subsidies, part of a trade-in program to boost sales of electric and fuel-efficient vehicles. This pause, [more…]
“PBOC Chief Calls for Multipolar Currency System as China Accelerates Dedollarization Efforts”
Key Points Background Pan Gongsheng, Governor of the People’s Bank of China (PBOC), recently shared his vision for a future global monetary system during a [more…]
“China Expands Consumer Goods Trade-In Program and Subsidies to Boost Spending and Stabilize Economic Growth”
Key Points BackgroundChina has a consumer goods trade-in subsidy scheme to boost domestic consumption, allocating 300 billion yuan for subsidies on items like cars and [more…]
Germany’s PBB withdraws guidance as it winds down US business
Key Points Background Deutsche Pfandbriefbank AG (PBB), a German bank specializing in real estate financing, recently announced it’s winding down its US business, which made [more…]
“Trump’s ‘Golden Share’ in U.S. Steel Raises Nationalization Fears, Complicates Nippon Steel Deal and Foreign Investment Outlook”
Key Points Background The Trump administration recently approved the merger between US Steel and Nippon Steel, but with a condition: the US government gets a [more…]
Energy majors lock onto Southeast Asia in race for more gas for AI power demand
Key Points Growing Demand for AI Power The rapid expansion of AI technologies is increasing electricity demand, with data centers projected to consume over 1,000 [more…]
“Fed Expected to Hold Rates Steady at June 2025 Meeting as Markets Watch for Signals on 2026 Cuts and Updated Dot Plot”
Key Points Background The Federal Reserve (Fed) is holding its June 2025 meeting on June 17-18, and its decision, announced later today, will impact expectations [more…]
“BOJ Holds Rates Steady, Signals Slower Bond Tapering Amid Rising Economic Risks”
Key Points BOJ’s Decision The BOJ has decided to maintain its short-term policy rate at 0.5%, showing no change in interest rates. It also plans [more…]