A forex and CFD broker called Axi (formerly AxiTrader) from Australia is aiming to increase its market share in Latin America. They have signed a sports sponsorship deal with Brazilian football club Esporte Clube Bahia to achieve this. The broker and the football club have entered into an agreement where the broker has become the …
Meta Platforms Inc, a Facebook parent company, reduced the price of certain Quest virtual reality headsets. Due to weaker demand than expected, the list includes its top-end mixed reality device. The company’s headset, the Meta Quest Pro, made an entrance last fall with corporate users in mind. Beginning March 5, the price will drop to …
Meta Platforms “going medieval” on Quest headsets Read More »
Economic numbers and corporate earnings reports clouded investors’ views of the economy’s health. This extended a streak of losses in equities Thursday. The S&P 500 didn’t have much momentum after initially opening lower, falling for the third day in a row. It has decreased by 0.8%. The Dow Jones Industrial Average fell 0.8% on the …
Given how much money Facebook and Instagram’s owner continues to pour into building its version of the metaverse, Meta Platforms Inc.’s market-beating rally of the past few months fails to convince some skeptics. Since the stock’s recent low in November, Meta has been the best performer in the S&P 500 Index, with a 54% gain. …
Many of the stock market’s previous darlings became duds in 2022. Investors flocked to fast-growing big tech firms. They showed impressive gains year after year. This backed expectations that they had nowhere to move but up for the better part of the previous decade. Facebook parent Meta Platforms, Amazon, Apple, and Netflix are among the …
Stocks of firms ranging from banks to technology companies crawled lower on Monday. Major indexes are on the verge of closing December lower, which is unusual. According to Dow Jones Market Data, the S&P 500 has risen 73% of the time since 1928. Nevertheless, it dropped 6.4% in December as of Monday’s close. Markets are …
On Thursday, the Federal Trade Commission will ask a court to prevent Meta Platforms Inc. from buying a virtual-reality startup. This situation represents a change in US policy. Facebook’s parent company’s metaverse strategy is challenged by antitrust enforcement. Within is the creator of the fitness app – Supernatural. According to the Federal Trade Commission, Meta’s …
Meta Faced With An Antitrust Fight Over An Acquisition Read More »
Hawkish Comments from Federal Reserve Officials and Economic Data Overrule Prior Optimism of Traders Investor enthusiasm for a possible moderation in interest-rate rises waned on Thursday, sending stocks down. In morning trading, the S&P 500 dropped by almost a point. Wednesday’s loss of points by the benchmark gauge was offset by stock gains last week. …
Stocks Falling with Decreased Optimism on Fed Slowdown Read More »
Analysts explain that fear of the unknown prevents traditional investors from investing in cryptocurrency. Jamie Coutts, a crypto analyst, thinks it’s a lost opportunity because conventional asset managers have chosen not to get knowledgeable about cryptocurrencies. According to Jamie Coutts, a crypto market analyst, traditional portfolio managers have hesitated to engage in cryptocurrencies due to …
Global markets still struggle to regain their values. How have Forex, Stocks, Crypto, and Commodities performed this week? Our weekly overview will outline the markets’ weekly performance to help you determine future trends. Forex Weekly Overview The dollar was little changed against major currencies on Friday. Still, it was on track for its best performance …
Weekly Overview: Forex, Stocks, Crypto, Commodities Jul 1 Read More »
On Monday, Uber Technologies, Inc. announced that it would scale back hiring and cut expenditure on its marketing and incentive activities. CEO Dara Khosrowshahi explained that the company needs to respond to a seismic shift in market sentiment. He further mentioned that the firm wanted to focus on unit economics. In line with this, Uber …
Global markets and trends are changing each day. Some major influencers cause price movements each second. How have you performed Forex, Stocks, Crypto, and Commodity markets this week? Our weekly overview will answer this question and summarize this week’s overall market performance. Forex Weekly Overview The dollar rose for a fifth straight week against major …
Weekly Overview: Forex, Stocks, Crypto, Commodities May 6 Read More »
Meta Platforms Inc. said on Wednesday that it would slow or pause hiring as the company reckons with its weakest revenue growth on record. The tech giant explained that it re-evaluates its talent pipeline according to needs. The slower growth of the workforce is in light of the expense guidance given for this earnings period. …
Last year, Facebook Inc. changed its name to Meta. Facebook’s parent company Meta Platforms Inc. primarily earns money by selling advertising space on its various social media platforms. Its platforms include websites and mobile applications that allow users the ability to connect and communicate with family and friends. Meta’s business empire includes a world-famous social …
A study by ESET, a cybersecurity firm, found a sophisticated scheme that distributes Trojan applications; Disguised with popular cryptocurrency wallets. Malicious Scheme targets mobile devices running Android or Apple operating systems, which suffer if the user downloads a fake app. According to an ESET study, these malicious applications distribute through fake websites. Consequently, they imitate legitimate …
