Stocks
Facebook parent company Meta reports decline in revenue
Meta has blamed macroeconomic pressures for its first quarterly year-over-year revenue decline, giving investors a gloomy outlook for the coming months as advertisers scale back spending. Meta, formerly known as Facebook, said Wednesday that its revenue for …
Spotify gains more subscribers than expected in the second quarter
Spotify beat forecasts, adding 6 million new subscribers in the second quarter. The company is defying Netflix's downturn, which is weighing on the music company's share price.
Rolls-Royce appoints Tufan Erginbilgic to succeed Warren East as chief
Rolls-Royce has appointed a private equity partner and former BP executive to succeed Warren East as the company's chief executive officer.
EY: Breakup of the "Big Four" brings up to $10 billion in additional revenue
EY's global boss said splitting up the Big Four would bring up to $10 billion in additional revenue for his consulting arm by freeing it from conflicts of interest that prevent partnerships with the world's biggest tech giants.
Judge grants Twitter a summary judgment to decide the fate of the $44 billion deal with Elon Musk
Twitter has won an early victory in its legal battle to force Elon Musk to complete its $44 billion takeover after a judge sided with the social media company and set a timeline for a summary trial beginning in October .
Mixed US economic data fuels recession fears on Wall Street
Investor fears that the US economy is overheating are giving way to recession fears as analysts fear the Federal Reserve's rapid monetary tightening could stall growth. Markets are pricing in an aggressive stance for Fed rate hikes in the coming months, while …
Former top Wirecard accountant admits falsification of documents for KPMG special audit
Wirecard's former head of accounting has admitted to forging documents requested by KPMG as part of a special audit ahead of a trial later in the year.
Putin orders transfer of Sakhalin-2 gas project to Russian company
Wladimir Putin hat die Übertragung aller Rechte am Sachalin-2-Erdgasprojekt an ein russisches Unternehmen angeordnet. Dies könnte ausländische Investoren wie Shell, Mitsubishi und Mitsui dazu zwingen, sich von dem Projekt zurückzuziehen.
Chinese stocks face biggest monthly gain since 2020
Chinese stocks are on course to post their biggest monthly gain in nearly two years as investors bet the worst of the country's lockdown-induced economic shock and sweeping crackdown on the tech sector is over.
X1 Entertainment is changing the game for investors
The global gaming industry has seen explosive growth over the last few years. In fact, the gaming industry alone earned more revenue in 2019 than the entire film and music industries, combined.