This ends a six-quarter period where GDP growth remained at 2% or higher. But the decrease may not be a cause for concern at this point.
The French economy grew more than expected in the first quarter, official data showed on Tuesday, delivering good news to a government facing scrutiny over the country's huge debt pile.
Snap beat Wall Street's expectations for quarterly revenue and user growth on Thursday, as improvements to its advertising system delivered results faster than anticipated. Shares of Snap spiked 25% to $14.32 in after-market trading. The owner of photo messaging app Snapchat has been working over the past year to improve how it targets ads to users and simplify the way people interact with the ads. The company has historically struggled to compete against much larger rivals like Facebook owner...
HSBC has approved a first interim dividend of 10 cents per share, as well as a special dividend of 21 cents per share.
Samsung Electronics on Tuesday said operating profit for the first quarter jumped as memory chip prices rebounded on the back of AI optimism.
World’s largest public company reports $61.86bn revenue after investing billions into artificial intelligenceProfits at Microsoft beat Wall Street’s expectations as its heavy bet on artificial intelligence continued to bear fruit in the latest quarter.The technology giant has invested billions of dollars into AI in a bid to turbocharge its growth, particularly of its cloud computing services. Its cloud computing revenue surged by more than 20%. Continue reading
The US economy slowed far more than expected in the first quarter of the year as its gross domestic product (GDP) endured the influence of stubborn inflation and high interest rates.
Deutsche Bank reported first-quarter earnings on Thursday.
Spotify started 2024 on a high note with its impressive first-quarter performance, according to a recent report. The music-streaming giant even surpassed what analysts expected in the previous quarter.
TSMC is the world's largest producer of advanced processors and counts
Valeri Nichushkin recorded his first career hat trick, Alexandar Georgiev turned in another strong showing and the Avalanche beat the Winnipeg Jets 5-1 in Game 4 on Sunday to move a win away from advancing.
Hong Kong's gross domestic product (GDP) is expected to grow between 2.5% and 3.5% for the first quarter, maintaining moderate growth for a fifth consecutive quarter, the city's finance chief said on Sunday. January-March GDP, scheduled to be released on Thursday, is expected to be "within the range of the full-year economic growth forecast", Financial Secretary Paul Chan said in his blog without elaborating. As Hong Kong seeks new sources of growth points, mega events such as fireworks will...