Monthly Archives: April 2022
Facebook forecast points to possible revenue drop for the first time after decade of growth
(CNBC) Prior to the first quarter of this year, Facebook’s revenue growth had never sunk into the single digits. In the second quarter, it may not grow at all. Though shares of Facebook parent Meta jumped about 20% in extended […]
Hedge funds attract the biggest inflows in 7 years on the back of market volatility
(CNBC) The hedge fund industry attracted its largest inflows in seven years during the first quarter as investors sought downside protection amidst a volatility spike triggered by fears of inflation and rising rates as well as geopolitical tensions. The $4-trilion […]
Ford sees first-quarter profit dragged lower by Rivian stake, but maintains 2022 earnings guidance
(CNBC) Ford Motor posted first-quarter results Wednesday that were in line with Wall Street’s expectations, though its net profit was dragged down by a stake in electric vehicle maker Rivian Automotive and reduced vehicle production. Ford reported an unadjusted net […]
Barclays beats expectations as Russia-Ukraine volatility gives investment bank a boost
(CNBC) Barclays on Thursday beat analyst expectations for the first quarter, as strong investment banking performance helped drive income growth. The British bank reported first-quarter net profit attributable to shareholders of £1.4 billion ($1.76 billion), above analyst expectations of £644 million, […]
Qualcomm revenue pops 41% driven by Android phone chip sales
(CNBC) Qualcomm reported second-quarter earnings Wednesday, beating Wall Street expectations for sales and earnings, and driving the stock up over 4% in extended trading. Here’s how Qualcomm did versus Refinitiv consensus expectations: To read this article:
SEC Updates List of Firms Using Inaccurate Information to Solicit Investors
(HedgeCo.Net) The Securities and Exchange Commission has announced its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 58 soliciting entities, 11 impersonators of genuine firms, and one bogus regulator. The SEC’s list of soliciting […]
Robinhood cutting about 9% of full-time employees
(CNBC) Retail brokerage firm Robinhood is cutting back staffing levels, citing “duplicate roles and job functions” after rapid expansion last year. CEO Vlad Tenev made the announcement in a blog post on Tuesday afternoon. Shares fell more than 5% in […]
Elon Musk will owe Twitter $1 billion if he can’t secure financing
(CNBC) Elon Musk, CEO of SpaceX and Tesla, could be required to pay Twitter a termination fee of $1 billion, under some circumstances, such as if Musk fails to secure enough debt funding to complete his $44 billion deal to […]
Microsoft earnings beat across the board, stock up on outlook
(CNBC) Microsoft shares surged as much as 6% in extended trading on Tuesday after the software maker issued fiscal third-quarter earnings that exceeded analysts’ expectations and an optimistic outlook for the current quarter. Here’s how the company did: Earnings: $2.22 […]
Alphabet reports weak earnings and revenue on big YouTube miss
(CNBC) Alphabet reported weaker-than-expected earnings and revenue for the first quarter on Tuesday. The stock slid about 3% in extended trading. Here are the results: Earnings per share (EPS): $24.62 per share, vs. $25.91 expected, according to Refinitiv Revenue: $68.01 […]
Alphabet announces $70 billion buyback
(CNBC) Alphabet said on Tuesday that its board of directors authorized $70 billion in share repurchases, a major step up from last year’s authorization of $50 billion and authorization of $25 billion in 2019. The announcement on Tuesday is a […]
Stock futures are mixed as investors consider Tuesday’s sharp losses, earnings reports
(CNBC) U.S. stock futures were mixed on Tuesday night after the major averages continued their April sell-off amid concerns of an economic slowdown, and Wall Street considered earnings that came in after the bell. Dow Jones Industrial Average futures rose […]