Social media giant Meta reported a surge in profit with the Facebook and Instagram parent seeing its first-quarter profit more than double, boosted by higher advertising revenue and a 6% increase in the average price of ads on its platforms, to touch $12.37 billion from $5.71 billion during the same period last year.Revenue, too, rose 27% to $36.46 billion from $28.65 billion. However, despite beating analyst estimates the stock slumped over 15% in extended trade after the company forecasted...
Recent inflation readings have come in hot, but commodity prices and other indicators seem to show signs of cooling.
Shares rise over 16 per cent to take company’s stock market value to over $2tn
U.S. stocks pared their April losses on Friday, with the S&P 500 booking its biggest weekly gain since November as Big Tech stocks rallied.
“There isn’t much alternative in China. With exchange controls and capital controls, you can’t just look at other markets to put your money into.”
The Scramble For Antarctica Authored by Gregory Copley via The Epoch Times, The “scramble for Antarctica” is slowly gathering steam, and it is not unrelated to a new “scramble for the Americas.” The ramifications for the Indo-Pacific and, indeed, for the global strategic balance are also profound. By 2024, Antarctica had at least 82 bases from more than 30 countries. China has five bases, three built within the past decade (the latest in February), and three with year-round...
The Fed's preferred gauge of price changes confirmed that we're at the
Unit 2 of the Shin Hanul nuclear power plant in South Korea has entered commercial operation, Korea Hydro & Nuclear Power (KHNP) announced. The unit is the second of two APR-1400 reactors at the site, with a further two planned. Georgia Power has announced the start of commercial operations at the second of the two
Discrimination, loss of privacy and distorted data linked to artificial intelligence is putting companies and their backers at risk, an investor group warns. A network with more than 500 members representing US$29 trillion in assets released advice on Wednesday to screen out investments at risk of doing more harm than good as the technology spreads. […]
An investor is under an injunction from doing most of his Kansas business dealings.
Rising inflation has led consumers to rethink the idea that inflation was going to come down a lot this year. | Economy
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