by Jibran Munaf | October 31, 2024 | Technology
Microsoft’s extensive investment in artificial intelligence powerhouse OpenAI is expected to impact its bottom line this quarter, Chief Financial Officer Amy Hood disclosed on Wednesday’s earnings call. Hood indicated that Microsoft would see a $1.5 billion reduction...
by Jibran Munaf | October 31, 2024 | Corporate Finance, Technology
Samsung Electronics reported mixed third-quarter earnings on Thursday, with overall sales and operating profit slightly exceeding expectations. However, its chip division, a core profit driver, faced significant headwinds, posting a sharp 40% decline in operating...
by Jibran Munaf | October 31, 2024 | Commodities, Energy
Oil prices rose for the second consecutive session on Thursday as U.S. crude inventories posted a decline, and traders kept a close eye on geopolitical tensions in the Middle East. Brent crude neared $73 per barrel after a 2% gain on Wednesday, while West Texas...
by Jibran Munaf | October 31, 2024 | Currencies, Markets
Asian equities fell on Thursday following a turbulent session for U.S. stocks and bonds, as solid economic data in the United States complicated expectations of an upcoming rate cut from the Federal Reserve. Meanwhile, the Japanese yen strengthened after the Bank of...
by Jibran Munaf | October 31, 2024 | Social Media
Reddit (RDDT) is embracing its newfound status as a mainstream social media platform after a remarkable quarter marked by profitability, a strong user base expansion, and soaring stock value. Shares of Reddit spiked over 40% on Tuesday following the company’s...
