If the Q2 earnings season, the worst since June 2020, was not enough, stock market investors are now dealing with another headache after the Q2 GDP growth of 5.4% was at its lowest in the last seven quarters. With Sensex and Nifty already down 7-8% from their peaks amid record-breaking pullout by FIIs, brokerages are…
Global engineering and product development firm Tata Technologies is seeing a slowdown in electric vehicle (EV) demand across the US and Europe, according to Managing Director and CEO Warren Kevin Harris. However, the company expects an improvement in the second half of the fiscal year. Harris attributes the EV demand challenges in the US mainly…
The festive month of October has recorded the worst-ever selling by foreign institutional investors (FIIs) who have decamped with nearly $10 billion worth of investments from the Indian stock market beating the $7.9 billion sale seen during the Covid-led market crash in March 2020. Although it comes on a higher base, October is turning out…
Advertising sales remain Meta’s main revenue source, making up over 98% of total earnings. Bloomberg/Getty Images Meta Platforms rosy Q3 outlook In its second-quarter earnings report from July, Meta reported earnings of $5.16 per share, beating Wall Street’s projection of $4.73. The company generated $39.07 billion in revenue, surpassing the expected $38.31 billion. Meta provided…