by Jibran Munaf | October 25, 2024 | Social Media
Meta Platforms Inc., Google, TikTok, and Snap are set to face federal lawsuits brought by school districts, accusing their apps of fostering addictive behaviors that contribute to a growing mental health crisis among students. On Thursday, US District Judge Yvonne...
by Jibran Munaf | October 25, 2024 | Markets
Tesla (TSLA) powered the Nasdaq higher on Thursday with a surprising surge in its stock price, helping the tech-heavy index lead a mixed day in the markets. The company’s solid quarterly earnings report and optimistic sales forecast ignited investor confidence,...
by Jibran Munaf | October 25, 2024 | Economy
Fresh data released on Thursday suggests that the US economy is on track for steady growth through the end of 2024. According to S&P Global’s flash US composite PMI, which reflects activity across both the services and manufacturing sectors, the index came...
by Jibran Munaf | October 25, 2024 | Corporate Finance
Saudi Aramco is forecasted to report a 20% year-on-year (YoY) drop in net profit for Q3 2024, largely due to “weaker upstream realizations, lower refining margins, and expected inventory losses,” according to a report by Citigroup Global Markets Inc. Citi...
by Jibran Munaf | October 24, 2024 | Banking
The total financial facilities and loans provided by UAE banks to small and medium-sized enterprises (SMEs) reached AED81.2 billion ($22.1 billion) by the end of the first half of 2024, according to the latest data from the Central Bank of the UAE (CBUAE). Loans to...
