HSBC shares in Hong Kong jumped more than 3% following earnings release. On NYSE, the stock is up 1.56%.
American communications technology company Zoom Video Communications Inc (NASDAQ: ZM) has agreed to an $85 million settlement to a class-action lawsuit in the United States. The lawsuit was centered on the violation of user’s privacy as the San Jose-based firm reportedly shared users data with Facebook Inc (NASDAQ: FB), Alphabet Inc (NASDAQ: GOOGL), and LinkedIn. […]
Robinhood shares were initially priced at $38, however, closed the day at around $34.82, they had dropped by almost 10 percent on the first day of trading.
Pinterest recorded a revenue of $613 million versus $562.1 expected by analysts according to Refinitiv.
As the company nears a $2 trillion market valuation, Wall Street analysts remain positive about the future growth prospects for Amazon.
The HOOD stock remained under pressure as retail investors resolved to profit-booking amid lingering anger of customers and regulators cracking down.
According to the regulatory filing of California-based San Jose company, the agency is also investigating how PayPal reports marketing fees it earns from its branded-card program. Notably, PayPal is cooperating with the investigation.
The shares are expected to begin trading on the Nasdaq Global Select Market on July 29, 2021, under the ticker symbol “HOOD”.
Ford recorded an automotive revenue of $24.1 billion, against $23 billion expected by analysts according to a survey conducted by FactSet.
Facebook stock has been on a winning streak since the onset of the coronavirus pandemic.
According to PayPal’s Q2 2021 earnings report, the company has seen a 19% growth in net revenue year over year in the quarter that ended June 30, reaching $6.24 billion. However, it falls short of the $6.27 billion expected.
Visa reported revenue of $6.1 billion in Q3 2021 against an estimate of $5.86 billion according to a consensus by FactSet.
Chinese crackdown on tech and education companies put pressure on Asian indices. On the other hand, the US tech giants continue to post stellar returns in the second-quarter earnings season.
Alphabet recorded a revenue of $61.88 billion during the just-concluded quarter against $56.16 billion expected by analysts according to Refinitiv.
Microsoft recorded a revenue of $46.15 billion during the prior quarter versus $44.24 billion as expected by analysts according to Refinitiv.