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It's been a challenging week for Roblox, with its stock plunging more than 20% Wednesday after the online video game company reported a larger-than-expected loss for the third quarter.
On Wednesday, Amazon shares hit a new 52-week low, closing at $86.14 a share and making it the first-ever public US company to lose more than $1 trillion in market capitalization.
After Walt Disney Co. reported weaker-than-expected fourth-quarter earnings Tuesday and wiped out about $15 billion in market value, the company said it plans to cut marketing and content budgets.
Facebook parent Meta Platforms Inc. is planning to begin widespread job cuts, joining Salesforce Inc. as it cut hundreds of workers from sales teams, seeking to improve profitability while facing slowing demand. Elsewhere, Billionaire Elon Musk unloaded another batch of Tesla Inc. shares to help fund his Twitter Inc. buyout.
On Tuesday, Airbnb shares fell after the company gave a fourth-quarter revenue forecast below market estimates, suggesting that consumer preferences are moving away from higher-cost rentals and back to urban and cross-border destinations.
On Wednesday, Meta Platforms, formerly known as Facebook, gave a weak fourth-quarter forecast below analysts' estimates and a significant rise in cost next year, sending shares down nearly 20%.
After significant losses in its previous quarters, streaming giant Netflix snapped back to subscriber growth in the third quarter, giving the company a jump as it works to execute its latest strategic shift.
With Daylight Savings Time ending on 30 October 2022 across most of Europe, US stock market hours have changed from 15:30-22:00 to 14:30-21:00 Central European Time (+1), Monday to Friday.
Though Spotify Technology SA on Tuesday said third-quarter profit margins might narrow because of programming costs, the music-streaming giant posted a better-than-expected rise in revenue and users despite market headwinds.
Shares of Snap plunged over 26% in after-hours trading Thursday after posting a further slowdown in sales growth and signaling the digital-ad market could remain lackluster for some time in a disappointing third-quarter report.
US equity futures fell after post-market slumps in mega-cap technology shares dampened the mood of a three-day rally on Wall Street and raised new doubts about whether this year's $5.5 trillion selloff is nearing the bottom.
After President Xi Jinping was confirmed to a historic third term as leader of the world's second-largest economy, shares of US-listed Chinese stocks tumbled in premarket trading Monday.
On Friday, Verizon Communications Inc. reported it lost 189,000 monthly bill-paying phone subscribers in its consumer business and added fewer-than-expected wireless subscribers in the third quarter.
Tesla Shares Fall on Sales Miss and troublesome quarter, while IBM and P&G sales beat estimates, sending shares up on the news. Here's what you need to know in today's markets:
With consumer appetite for travel showing no signs of slowing down despite a run-up in ticket prices, United Airlines said Tuesday it expects its operating profit margin to surpass pre-pandemic levels in the final quarter of 2022.
According to a prospectus filed with the SEC, Intel Corp's Mobileye said it plans to offer 41 million class A shares at a projected price of $18 to $21 per share of its initial public offering.
Goldman Sach, which is expected to announce the changes on October 18, plans to combine its biggest businesses into three divisions, with its storied investment banking and trading businesses merged into a single unit.
After eyeing the retail chain for a while, grocery giant Kroger Co. agreed last week to buy Albertsons for $34.10 per share in a deal valued at $24.6 billion.
In a strategic shift to achieve more sustainable growth, plant-based burger maker Beyond Meat Inc. is conducting further layoffs following a round of cuts made in August.
According to a Bloomberg News report Tuesday, Intel corp is looking to make significant job cuts in the coming period, citing people with knowledge on the matter.
PepsiCo on Wednesday got a lift from an upbeat sales outlook and profit on the back of fresh price increases for its sodas and snacks to fight rising costs while signaling resilient demand.
Shares of Rivian fell sharply Monday after the California-based company said it would recall nearly all of its vehicles.
Paypal Holdings Inc. walked back on a published policy over the weekend that foresaw fining users $2,500 for spreading misinformation.
Shares of Denbury soared to an all-time intraday high, climbing as much as 12% on Monday after Bloomberg reported Exxon Mobil was considering a takeover of the oil-recovery specialist.
Peloton Interactive Inc.'s chief executive said it plans to cut about 500 jobs in a move that should position the struggling fitness equipment maker to return to growth
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