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Snap Inc's revenue and performance indicators in the third quarter are expected to plummet by 25% in after-hours trading.
Snap Inc announced the company's third-quarter results after trading on Thursday, and its revenue and performance guidelines fell short of market expectations. According to the financial report, Snap Inc's adjusted earnings per share in the third quarter were 17 cents per share, with market expectations of 0.08 dollars; revenue of 1.07 billion dollars and market expectations of 1.1 billion dollars. The company said that the number of global daily active users in the third quarter was 306 million, and the market expected 302.1 million; revenue in the fourth quarter is expected to be $1.17 billion-1.21 billion, and the market is expected to be $1.35 billion. Snap Inc's advertising business was affected by the privacy changes introduced by Apple Inc earlier this year.
Steel prices more than triple in a year American Steel plans to invest $3 billion to build a new plant
U.S. Steel said Thursday it plans to invest about $3 billion in a new steel plant, in the latest sign that steelmakers are increasingly confident that price increases will continue. The company said it planned to start construction of the new plant in the first half of 2022 and start production in 2024. The announcement comes as domestic steel futures prices have more than tripled in the past year. While this has brought a windfall to steelmakers, it has also boosted everything from cars to wind turbines to kitchen appliances as the global economy recovers from the epidemic
Hedge funds bought the largest amount of US Treasuries since 2018
Hedge fund purchases of US Treasuries in July were the biggest in three years, triggering a rise in US government securities as a rebound in the global epidemic led to increased demand for safe-haven assets. Investors registered in the Cayman Islands bought $35.3 billion of U.S. government bonds in July, the most since May 2018, according to the latest data from the U.S. Treasury Department. Us sovereign bonds returned 1.4 per cent in July, the biggest since March 2020.
It is difficult for Immortals and Beasts to return to the United States, nearly 70% of working parents consider quitting their jobs to concentrate on taking care of their children.
18 months after the COVID-19 epidemic in the United States, working-class parents are more worried than ever about how to ensure child care and the impact of school disruptions on their work, according to a new survey by the US job search website Indeed. About 3/4 of respondents believe that their children's schools will be temporarily quarantined at home or return to distance education sometime this year. Nearly 70% of respondents said that if the uncertainty about parenting and school lasts until 2022, they will consider quitting or asking their partner to resign and go home to concentrate on taking care of the children. Parenting and virtual learning are many in the new.
Alibaba's fourth-quarter revenue of 187.4 billion yuan increased 64% year-on-year
Sina Technology News reported on the evening of May 13, Beijing time, that Alibaba today released financial results for the fourth quarter and full year of the 2021 fiscal year ending March 31, 2021 (Note: Alibaba's fiscal year is not synchronized with the natural year; it starts on April 1 of every year and ends on March 31 of the following year). In the fourth quarter, Alibaba's revenue was RMB 187.395 billion (US$28.602 billion), an increase of 64% over the previous year. Excluding the impact of the merger of Gaoxin Retail, revenue was RMB 159.952 billion (US$24.413 billion), an increase of 40% over the previous year
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