GDP Growth in the Euro Area and EU Improves Further in the Third Quarter
(Eurostat) Economic growth is estimated to have jumped by 2.2% in the euro area in the third quarter, more than a gain of 2.1% in the second. Growth in the…
Facebook Rebrands to Meta as it Eyes New Ambitions in AR and VR
(Meta) Facebook has announced a change of its name to Meta in its push to an avatar-filled virtual world or metaverse. CEO Mark Zuckerberg says Facebook represents an iconic social…
Amazon Downgrades Guidance as Net Income Almost Halves in the Third Quarter
(Amazon) Amazon Inc. reported a net income of $3.2 billion in the third quarter of 2021, down from $6.3 billion in the comparable quarter of 2020. In the nine months…
Apple’s Revenue Jumps 29% In Q4. Sales Miss Expectations
(Apple) Apple Inc. announced an increase in revenue to $ 83.4 billion in the fourth quarter of the 2021 fiscal year from $64.7 billion reported in the same period of…
Pending Home Sales Plunge 2.3% in September as All Regions Post Waning Activity
(NAR) The US pending home sales fell in September, with the index down 2.3% from August to 116.7. On a year-over-year basis, pending home sales were down by 8.0%. All…
Jobless Claims Fall by 10,000 to Maintain Levels Below 300,000
(Department of Labor) US jobless claims for the week ended October 23 was 281,000, down by 10,000 from the previous week. The jobless claims are at the lowest since March…
US GDP Misses Estimate After Advancing by 2.0% In the Third Quarter
(BEA) US gross domestic product rose at an annual rate of 2.0% in the third quarter, missing expected 2.8% increase and below a gain of 6.7% in the second quarter.…
Google and Twitter Leads Tech Companies Seeking to Boost Diversity in Silicon Valley
(Bloomberg) Google, Twitter Inc., and Snap Inc are among other major tech firms joining hands in push for more workplace diversity in Silicon Valley. The firms announced the Catalyze Tech…
Dogecoin Temporarily Takes the 9th Position From Shiba Inu in Renewed Surge
Dogecoin overtook Shiba Inu to claim the 9th position by market cap on Thursday in a jump that saw it post double-digit gains in the past 24 hours. Dogecoin surged…
Euro Area and EU Posts an Improved Economic Sentiment and Employment in Oct.
(European Commission) The Economic Sentiment Indicator was 117.6 in the EU in October, up 1.0 points, while the same gauge was up 0.8 points in the euro area to 118.6.…
Airbus Updates Guidance as Revenue Climbs 17% in 9 Months of 2021
(Airbus) Airbus SE reported revenues of 35.2 billion euros in the nine-month period of 2021, up by 17% from the comparable period of 2020. Revenues in the third quarter dropped…
Third Point Heaps Pressure on Shell to Split to Retain Investors
(WSJ) Third Point LLC is urging Royal Dutch Shell PLC to split into two companies to attract and retain investors dumping the stock on environmental concerns. Third Point, which now…
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