A weak holiday quarter forecast knocked about $40bn from Meta’s stock market value in extended trade. Facebook parent Meta Platforms Inc has
Tag: Inflation
Cost overruns lead to an unexpected deep loss for Boeing | Business and Economy News
The planemaker is trying to emerge from the overlapping crises of COVID-19 and the grounding of its best-selling model. Boeing Co has
Australia’s inflation soars to 32-year high | Business and Economy
Annual price growth hit 7.3 percent in the July-September period, the highest since 1990. Australian inflation raced to a 32-year high last
Alphabet’s revenue miss fans fears of economic slowdown | Business and Economy News
The negative results reinforced worries that inflation will continue to hurt advertising spending. Google parent Alphabet Inc has missed Wall Street estimates
Tesla cuts prices in China to boost demand | Business and Economy News
The price cuts follow Tesla boss Musk’s comments last week that a ‘recession of sorts’ was underway in China, Europe. Tesla has
Snap shares tank 25% as inflation hits ad spend | Business and Economy News
Snap lost $4bn of its market cap in after-hours trading as it posted its slowest revenue growth in five years. The owner
Tesla stock down on growth worries | Business and Economy News
Investors are worried that the electric car maker may miss its growth targets due to inflation and logistical challenges. Shares of Tesla
As the dollar soars, it spreads pain globally | Business and Economy News
The cost of living in Cairo has soared so much that security guard Mustafa Gamal had to send his wife and year-old
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