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2022
January

Month: January 2022

US GDP Grew At 6.9% Rate In Q4 2021; Outpaces Estimates
Economics News

US GDP Grew At 6.9% Rate In Q4 2021; Outpaces Estimates

The U.S. economic growth outpaced the expectations, ending 2021 at a higher note on the back of increase in inventories and consumer spending. Gross domestic product, the sum of all…

Harshita Sharma5 months ago0
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AT&T Mixed Earnings Report Caused Stock To Bleed
News

AT&T Mixed Earnings Report Caused Stock To Bleed

AT&T  stock fell nearly 9% after the company reported a 10.4% year-over-year fall in consolidated revenues at $41.0 billion for the fourth quarter ending December 31, 2021, as against $45.7…

Harshita Sharma5 months ago0
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Facebook Parent Meta Is Building World’s Fastest Next-Gen AI Supercomputer
News

Facebook Parent Meta Is Building World’s Fastest Next-Gen AI Supercomputer

Meta has designed and developed an AI Research SuperCluster (RSC), an AI supercomputer that is believed to be one of “the fastest in the world” once fully built out in…

Harshita Sharma5 months ago0
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General Motors To Invest $6.5 Bn, Create 4,000 Jobs At Michigan EV Factories: Report
News

General Motors To Invest $6.5 Bn, Create 4,000 Jobs At Michigan EV Factories: Report

General Motors Co.  is expected to announce a $6.5 billion investment in two Michigan sites, leading to the creation of 4,000 jobs in the state, reported the news agency-Associate Press. …

Harshita Sharma5 months ago0
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Netflix Shares Slump To A New 52-Week-Low Over Slowing Subscriber Growth
News

Netflix Shares Slump To A New 52-Week-Low Over Slowing Subscriber Growth

The shares of Netflix   slumped more than 23% in Friday’s intraday trade on NASDAQ despite its earnings coming better than expected in the fourth-quarter results.  The revenue for the…

Harshita Sharma5 months ago0
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Peloton Decides To Temporarily Halt Production Of Its Bikes, Treadmills
News

Peloton Decides To Temporarily Halt Production Of Its Bikes, Treadmills

In the wake of fading consumer demand, Peloton has decided to halt the production of its connected fitness products as it aims to control costs, as per the internal documents…

Harshita Sharma5 months ago0
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P&G Reports Better-Than-Expected Earnings; Raises Sales Growth Outlook For Fiscal 2022
News

P&G Reports Better-Than-Expected Earnings; Raises Sales Growth Outlook For Fiscal 2022

Procter & Gamble   on Wednesday posted better-than-expected second-quarter earnings and revenue as price hikes mitigated higher commodity and freight costs. The company not only revised its outlook for sales…

Harshita Sharma5 months ago0
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Goldman Sachs Profit In Q4FY21 Hurt By Increased Operating Expenses
News

Goldman Sachs Profit In Q4FY21 Hurt By Increased Operating Expenses

Goldman Sachs on Tuesday reported its fourth-quarter earnings, wherein profit fell short of analysts’ expectations owing to the 23% increase in operating expenses that includes higher compensation for Wall Street…

Harshita Sharma5 months ago0
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“I, Therefore, Believe That My Resignation Is In The Interest Of The Bank” : Credit Suisse Chairman Antonio Horta-Osorio
News

“I, Therefore, Believe That My Resignation Is In The Interest Of The Bank” : Credit Suisse Chairman Antonio Horta-Osorio

The chairman of Credit Suisse , Antonio Horta-Osorio, has resigned from the bank following reports that he has violated the Covid related quarantine rules. Mr Horta-Osorio, who joined the bank…

Harshita Sharma5 months ago0
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GSK Not Interested In Selling Its Consumer Division To Unilever For $68.4 Bn
News

GSK Not Interested In Selling Its Consumer Division To Unilever For $68.4 Bn

GlaxoSmithKline Plc has turned down the unsolicited 50 billion pounds ($68.4 billion) acquisition offer from Unilever Plc for its consumer goods arms, reported Britain’s Sunday Times earlier on Saturday.  However,…

Harshita Sharma5 months ago0
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Recent
Broadcom Is All Set To Acquire VMware
Broadcom Is All Set To Acquire VMware
Melvin Capital To Pack Up After Heavy Losses
Melvin Capital To Pack Up After Heavy Losses
Netflix Lays Off 150 Employees At Once!
Netflix Lays Off 150 Employees At Once!
Encome Wrap

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