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For the fourth quarter that involves the key holiday season, Amazon has given its sales forecast to be between $160 billion and $167 billion. On Thursday, October 26, Amazon.com Inc (NASDAQ: AMZN) reported better-than-expected numbers for the third quarter. Amazon’s revenue for Q3 2023 jumped by 13%, a welcome development
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Verizon Communications closed the third quarter with 10.3 million broadband subscribers, a 21 percent increase YoY, thus representing its consecutive fourth quarter of net additions. Verizon Communications Inc (NYSE: VZ), a holding company that engages in entertainment products and communication services, announced its Q3 2023 earnings results on Tuesday, October 24.
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In Q3 2023, Netflix finalized a share buyback of about $2.5 billion and increased its repurchase authorization by $10 billion. Netflix Inc (NASDAQ: NFLX) shares closed Wednesday trading at $346.19, down 2.68 percent from the day’s opening price. The losses were quickly erased during the after-hours with a spike of about
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Baidu is setting the pace in the AI scene for other tech giants in China. Chinese internet giant Baidu Inc (HKG: 9888) has seen a major uptick in its share price today following the release of better-than-expected revenue. Baidu impressed its investors as one of the top tech giants that saw
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German banking powerhouse Deutsche Bank sustained a Q4 2022 slide in shares even though it took higher profit. Deutsche Bank recently saw its shares slide despite its 10th consecutive quarterly profit achievement. The German multinational investment bank and financial services platform reported a $1.8 billion euro ($1.98 billion) net profit in Q4 2022 attributable
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The relative strength index (RSI) on the four-hour chart is approaching overbought levels, similar to what occurred in late December, which preceded a brief pullback. The RSI on the daily chart, however, continues to rise from oversold levels, which means buyers could remain active on price dips. Source
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Huawei Technologies today announced its earnings for the past nine months with figures beating off expectations.Per the announcement, the company stated that the revenue generated by the company for the first three quarters in 2020 comes off at 671.3 billion Chinese Yuan (approximately US$100.6 Billion), a growth of 9.9% year
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Volvo said that the COVID-19 outbreak has severely disrupted the company’s production output and supply chain. However, the company’s overall business with trucks, buses, engines, and construction equipment remained overall profitable.AB Volvo, the Sweden-based truckmaker and automobile giant released its results for Q2 2020. Surprisingly, the company reported better-than-expected profit
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Miner Hut 8 said last week it had raised a total of $8.3 million from selling a 6% equity stake to investors, approximately $800,000 more than the original $7.5 million funding target. The Toronto-listed mining company says the funding will keep it competitive as smaller entities with older equipment feel
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