Economic Updates

Economic Updates

JPMorgan Q4 results are in

The world’s largest financial services company, JPMorgan Chase & Co. (JPM) reported its 2021 Q4 financial results before the opening bell on Wall Street on Friday. The company reported total revenue of $29.257 billion in the fourth quarter of 2021, missing analyst forecast of $29.782 billion. Earnings per share reported at $3.33 a share, a...

January 17, 2022
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Citigroup reports Q4 results

Citigroup Inc. (C) reported its 2021 Q4 earnings before the opening bell on Friday. The world’s 15th largest financial services company topped Wall Street analyst expectations. The company reported total revenue of $17 billion in Q4 vs. analyst forecast of $16.84 billion. Earnings per share reported at $1.46 per share vs. forecast of $1.39 per...

January 17, 2022
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Nike latest numbers are in

Nike Inc. (NKE) reported its fiscal 2022 financial results for its second quarter ended November 30, 2021. Let’s take a closer look at the numbers. The US sporting goods company reported revenue of $11.36 billion in the quarter (up by 1% from the same period last year) vs. $11.25 billion expected. Earnings per share was at $0.83 a share (up...

December 21, 2021
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Up next: the Bank of Canada rate decision

One of the must-watch economic events this week will be the Bank of Canada interest rate decision. The rate decision is due to be announced at 15:00 pm London time on Wednesday. Why is the announcement important? A bank interest rate is a rate at which a country’s central bank lends money to local banks. The interest rate is charged by the ...

December 8, 2021
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Preview: Non-Farm Payroll Announcement

It’s the beginning of a new month which means that the Non-Farm Payroll figures will be released this week by the US Bureau of Labor Statistics. The latest US jobs data for November will be released at 13:30 PM London time on Friday. Why is the announcement important?   Non-Farm Payroll is one of the most closely watched indicators....

December 3, 2021
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Zoom beats estimates

Zoom Video Communications Inc. (ZM) reported its latest financial results after the closing bell on Monday. The US based company, which offers a cloud-based video conferencing service topped analyst expectations for the third fiscal quarter ended October 31, 2021. Total revenue reported at $1.051 billion (up 35% year-over-year) in the quarter...

November 24, 2021
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JD.com Q3 numbers exceed expectations

JD.com Inc. (JD) announced its third-quarter earnings numbers on Thursday, beating analyst estimates. The Chinese e-commerce company reported revenue of $33.91 billion in the third-quarter (up by 25.5% from the same period last year) vs. forecast of $33.345 billion. Earnings per share at $0.49 a share vs. $0.31 a share expected. Lei Xu, Pr...

November 19, 2021
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Macy’s blows past Wall Street expectations in Q3

Macy’s Inc. (M) posted its third-quarter results on Thursday. The US retailer which consist of three retails brands – Macy’s, Bloomingdale’s and Bluemercury posted better than expected results in previous quarter, sending the stock price higher. The company reported revenue of $5.44 billion in Q3 vs. $5.199 billion expected. Earnings ...

November 19, 2021
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Alibaba financial numbers fall short of expectations

Alibaba Group Holding Ltd. (BABA) reported its latest financial results for the quarter ended September 30, 2021 before the market open on Thursday. The Chinese e-commerce giant posted disappointing results, falling short of analyst expectations. The company reported revenue of $31.123 billion (up by 29% year-over-year) vs. $31.658 billion expec...

November 19, 2021
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NVIDIA beats expectations in Q3

NVIDIA Corp. (NVDA) reported its third-quarter financial results after the closing bell on Wednesday. The US technology company beat Wall Street expectations on both revenue and earnings per share. NVIDIA reported a record revenue of $7.103 billion in the third-quarter (up by 50% year-over-year and 9% up from the previous quarter) vs. $6.821 ...

November 19, 2021
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Walmart tops Wall Street expectations

Walmart Inc. (WMT) reported its third-quarter earnings before the market open on Tuesday. The largest retailer in the world beat Wall Street analyst expectations. Total revenue was at $140.5 billion in the quarter (up by 4.3% year-over-year) vs. $135.427 billion expected. Earnings per share at $1.45 a share (up by 8.2% year-over-year) vs. $1....

November 17, 2021
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NIO Q3 results are in

NIO Inc. (NIO) reported its third-quarter financial results after the closing bell on Tuesday. The Chinese electric car maker reported revenue of $1.52 billion in Q3 – a 116.6% increase from the same period year and 16.1% increase from Q2 vs. analyst estimate of $1.43 billion. The company reported loss per share of $0.06 a share for the previo...

November 11, 2021
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Beyond Meat Q3 numbers fall short of expectations

Beyond Meat Inc. (BYND) reported its third-quarter financial results after the closing bell on Wednesday. The plant-based company posted disappointing results, falling short of Wall Street analyst expectations. The company reported revenue of $106.4 million (12.7% increase year-over- year) vs. $109.2 million expected. Loss per share at $0.87 a s...

November 11, 2021
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PayPal reports Q3 results

PayPal Holdings Inc. (PYPL) reported its third-quarter financial results after the closing bell on the Monday. The company reported revenue of $6.18 billion (13% increase year-over-year) in Q3, below $6.23 billion expected by the analysts on Wall Street. Earnings per share at $1.11 per share (4% increase year-over-year) vs. $1.07 per share expec...

November 9, 2021
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Moderna doesn’t get the boost – Q3 earnings fall short

Moderna (MRNA) reported their Q3 financial results before the opening bell on Thursday. The pharmaceutical company posted disappointing results below Wall Street analyst expectations. The company reported total revenue of $4.97 billion vs. $6.21 billion expected. Earnings per share at $7.70 a share vs. $9.05 a share expected. It also downgrad...

November 5, 2021
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