finance-technology2.945 min read
"Snap Stock Plummets 35% as Revenue Forecast Disappoints"
1 year ago•Source: Yahoo Finance
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2.02 min•1 year ago
"Meta's Earnings Beat Expectations, Stock Surges Amid Market Rally"
Asian markets rally as Meta and Amazon exceed earnings expectations, with Meta reporting $40.1bn in revenue and a $14bn profit, and Amazon posting sales of $170bn. Both companies saw their stock prices surge, contributing to a $280bn increase in US markets. However, Apple's stock dipped due to a decline in iPhone sales in China, while Google's parent company, Alphabet, missed analysts' forecasts, causing shares to drop.
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"China's Growing Troubles Pose Threat to Apple and Tesla Investments"
Originally Published 2 years ago — by MarketWatch
Apple and Tesla are facing challenges in the stock market as China's economic troubles continue to impact their businesses. Both companies have seen their stock prices decline, with China representing a significant portion of their revenues. Competition from Chinese companies like Huawei in the smartphone and electric vehicle markets is adding to their woes. Former White House trade adviser Peter Navarro has raised concerns about the companies' reliance on China for production and sales, questioning their status as safe investments. The market is also experiencing weakness, particularly in tech stocks, as China's growth disappointment affects oil prices and U.S.-listed Chinese stocks.