Market Turmoil: Meta’s Reality Check and Weak GDP Impact US Futures
Tech Sector Decline Impacts US Stocks
On Thursday, a downturn in US stocks was driven by the disappointing revenue forecast from Meta, causing concern among investors anticipating upcoming megacap earnings. Additionally, a significantly lower-than-expected US GDP reading for the first quarter raised doubts about the strength of the US economy amidst sustained high interest rates.
Market Futures and Performance
Nasdaq 100 futures dropped by 1.6% following a lackluster day for major Wall Street indices. S&P 500 futures and Dow Jones Industrial Average futures also experienced declines of 1.2% and 1.1%, respectively.
Meta’s Revenue Forecast Impact
Shares of Meta plummeted over 15% as investors reacted to increased costs at the company, particularly related to AI infrastructure investments totaling up to $10 billion. Concerns arose regarding the timeline for these investments to translate into revenue, leading to a broader decline in tech stocks.
Implications for Tech Giants
The disappointing performance by Meta served as a setback for the “Magnificent Seven” stocks, dampening hopes for a stock market resurgence. This development also serves as a reality check for tech giants like Microsoft and Alphabet, which face high earnings growth and AI expectations in their upcoming earnings reports.
US GDP Growth and Federal Reserve Debate
US GDP growth in the first quarter fell short of estimates, coming in at a 1.6% annualized pace compared to the expected 2.5%. This data adds to the ongoing discussion surrounding the Federal Reserve’s interest rate strategy.
Treasury yields saw an increase post-GDP announcement, with the 10-year yield rising in response to the economic data.
Market Update: Treasury Yields Surge
The US stock market is facing volatility with Treasu
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Market Turmoil: Meta’s Reality Check and Weak GDP Impact US Futures
Box of tomatoes rises to Kz 35 thousand in Benguela
News from Angola – The price of a box of tomatoes rose to 35 thousand kwanzas at the 4 de Abril market, located in the province of Benguela.
According to a report from TV Zimbo, sellers highlighted this Tuesday that the price increase varies according to the scarcity in the market, taking into account its quality.
According to seller Nguevinha, who has been selling tomat
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https://www.worldysnews.com/box-of-tomatoes-rises-to-kz-35-thousand-in-benguela/
Bol announces simplified top structure
#Bol #announces #simplified #top #structure
We must continue to adapt to remain competitive, agile and successful. Bol is therefore adjusting its top structure and reducing the number of management positions from 9 to 6. This includes the elimination of the current management positions of Chief Marketing & Sustainability Officer, Chief Operating Officer and Chief Technology Officer.
Marketing and Logistics are integrated into the e-commerce department led by Oscar Hundman. As a B Corp certified organization, Bol is fully committed to its ESG strategy. That is why the ESG & Corporate Communications department is placed directly under the responsibility of CEO Margaret Versteden – van Duijn.
In addition, the position of Chief Technology Officer will be merged with that of Chief Product
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Tozzi Green repairs damage caused by installation work
| The CEO of Tozzi Green, Davide Giachero (left), during a meeting with the beneficiaries of the compensation measure. |
The Tozzi Green company is taking steps to compensate and repair direct and indirect damage caused by the construction of the Farahatsana hydroelectric power station (HPP) and its facilities. The results of the rehabilitation work carried out were presented yesterday to Mahitsy
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Perfect BBQ with LIDL offers, the barbecue on May 1st will be memorable: professional accessories at low cost
May 1st is getting closer and closer and this year, thanks to LIDL, the barbecue will be absolutely fabulous. Offers not to be missed.
THE beautiful season is increasingly upon us and, as we know, lovers of barbecue and the classics barbecues in the gardenthey are ready to start working on cooking accessories again. And they are in order to give life to a tasty feast of grated food. However the latter does not only include meats but also much more.
Indeed a good one barbecuean episode of the first season of was also dedicated to that MasterChef Italyit must be well varied. In the specific case we have just mentioned, it was a matter of searching, with a barbecue in particular rich And invitingto appease the appetite of well 50 truck drivers.
So let’s talk about tradesmen who are generally known to own a decidedly consistent hunger. AND barbecue that respects itself must therefore be composed of meatsvegetables, both fresh and grilled, as well as bread bruschettawith garlic or seasoned with tomato pulp.
Lidl, the answer to our needs
Since I’m currently in many Italians and not only that, given the finances we could say slightly downward, due to the strong crisis which reigns in Italy, they opt for discount for their expenses, whether weekly or monthly, Lidl he thought well of giving his answer to this need.
Let’s not forget that the German discount chain as soon as it was appointed, it has always positioned itself as a response to a heartfelt request from the general public, offering in its stores not only foods and household cleaning productsbut also and above all tools of various kindsAnd among them there are also those for the mythica
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The TFEX Market Closing Details: April 25, 2024 Recap
The TFEX market closed on 25 April 2024. The details are as follows.
SET50 Index Futures (2 most traded contracts)
Agreement Closing Price Settlement Change Trading Volume S50M24 833.40 0.00 1.00 152,747 S50U24 830.80 0.00 1.10 11,661 Total trading volume 168,286 contracts.
Sector Index Futures (most traded contract)
Agreement Closing Price Settlement Change Trading Volume – – – – – Total Trading Volume – Contract
SET50 Index Options
Call Options (most trading contracts)
Agreement Closing Price Settlement Change Trading Volume S50M24C850 8.90 0.00 0.30 618 Total trading volume 1,827 contracts.
Enter Options (most trading contracts)
Close Contract Settlement price Change Trading vo
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Billionaire Klaus-Michael Kühne rejected René Benko so brutally
Klaus-Michael Kühne (left) and René Benko. Picture Alliance/Collage: Business Insider
Klaus-Michael Kühne, one of the most important investors in René Benko’s Signa empire, exited in December 2022.
According to the book “Inside Signa,” a meeting between Kühne and Benko ended abruptly when Kühne described the trust as broken.
Signa Holding, one of the largest real estate empires in the world, went spectacularly bankrupt in 2023.
He was one of the most important investors in René Benko’s Signa empire: Klaus-Michael Kühne, multi-billionaire and, according to estimates, currently the richest German. But in December 2022, the Hamburg native left the real estate empire.
Surprising for Benko is how email histories from the book “Inside Signa – The rise and fall of René Benko“ (published by Edition A) show. First reported the “Bild” about the excerpt of the chapter.
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Billionaire Klaus-Michael Kühne rejected René Benko so brutally
Voyager 1 is transmitting data again for the first time in months
– 2024-04-25 14:22:06
Voyager 1, the farthest human-made spacecraft from Earth, has transmitted readable data for the first time in five months, AFP reported, citing NASA.
The probe, which is located about 24 billion kilometers from us, has not sent reliable scientific and technical data about its
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Voyager 1 is transmitting data again for the first time in months – 2024-04-25 14:22:06
The Texas barrel closes the week at USD 83.13
– 2024-04-25 14:59:49
The price of Texas intermediate oil (WTI) It closed this Friday with a rise of 0.5%, to $83.14 a barrel.
However, in the week’s calculation it loses about 3%.
Brent, for its part, gained 0.21% today and stood at $87.29.
On Thursday, crude oil closed with a drop of more than 3% in the absence, until then, of a response from Israel to Iran’s air attack last Saturday.
And although that response came i
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The Texas barrel closes the week at USD 83.13 – 2024-04-25 14:59:49
Coordinating Minister Airlangga Discusses Strategic Issues with Singapore’s Foreign Minister
– 2024-04-25 14:36:38
DURING his working visit to Indonesia, Singapore’s Minister of Foreign Affairs Vivian Balakrishnan met with Coordinating Minister for Economic Affairs Airlangga Hartarto at the Office of the Coordinating Ministry for Economic Affairs, Tuesday (23/4).
The meeting was in preparation for the Leaders’ Retreat between President Joko Widodo and Singapore Prime Minister Lee Hsien Loong at the Bogor Palace on Monday
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