How have the stocks of Big 5 tech firms responded to their quarterly results?

Marked by the results of the biggest five tech giants in the US, this week was probably the most crucial one of the ongoing earnings season. Alphabet, Microsoft, Amazon, Facebook, and Apple – all announced their March quarter numbers this wee...

Intel extends its partnership with Samsung to strengthen the cross-device experience

Digitization is becoming noticeable in the present times where you look. The COVID-19 pandemic accelerated the digital transformation. It brought challenges for people, but at the same time, it presented opportunities for many businesses to pursue ...

Amazon’s Net Profit More Than Triples In Q1 As Revenue Hits US$100B

Amazon.com, Inc.’s (NASDAQ: AMZN) net income has more than tripled in the first quarter of 2021, backed by strong revenue growth in e-commerce and cloud business, the company said in its earnings report on Thursday, April 29. The technology ...

Twitter, Caterpillar Stocks Plunge After Strong Quarterly Results

Summary Twitter stock plunged 11.25% to US$65.09 while Caterpillar ended the session down 0.10% to US$227.24 per share after regaining from a 2.08% slump in intraday trade. Twitter revenues jumped 28% to US$1.04 billion in the first quarter of ...

US Stocks End Higher On Strong Corporate Earnings, GDP Growth

All the major U.S. stock market benchmark indexes closed higher on April 29 following strong earnings update from corporates including Apple and Facebook, and the data on GDP expansion for the first three months of the year. The S&P 500 gained 2...

US GDP Grows By 6.4% In First Quarter As Economy Reopens

Summary This strong impetus in the economy reflects the increased consumer spending, a key factor of GDP growth. A raft of government measures from rapid vaccination to financial aid to US households has helped rekindle demand, which pushed the...

VISA INC. Price Hits a New Lifetime High

Summary VISA INC. gained 1.54 percent in the last trading session and has delivered ~14.81 percent returns in the last one month. Post breaking out of a crucial resistance level the stock hit a new lifetime high. Stock prices are trading in a...

McDonald’s, Yum! Brands Q1 Sales Exceed Pre-Pandemic Level

Summary McDonald’s CEO Chris Kempczinski said the company’s first-quarter global comparable sales and revenue surpassed the numbers in the first quarter of 2019. Yum! Brands’ worldwide same-store sales grew 9 percent in the qu...

Mastercard Outshines Visa In Revenue Growth Despite Similar Challenges

Summary Mastercard’s net income rose 8% to US$1.8 billion (GAAP), compared to US$1.7 billion in the same period of 2020. Mastercard CEO Michael Miebach attributed this growth to increased domestic spending, smart deals, and close collabor...

Dogecoin Skyrockets 20% in Just One Day

Summary Dogecoin has risen over 20% in the past 24 hours following a tweet from Tesla founder Elon Musk. The crypto surged from US$0.25 to US$0.30 in just fifteen minutes. The surge had brought dogecoin to highs not seen for two weeks when the...