Month: October 2022

The e-commerce giant falls after delivering disappointing forecasts for the last months of the year. It’s a real bloodbath.  Amazon was not spared by Wall Street after the publication of its third-quarter results on Oct. Read more…

Rules to curb production of internal combustion engines hammered out. In what was described as an “historic decision,” European Union countries reached a provisional deal to ban new combustion engine cars by 2035. “We just Read more…

Why did Peacock give away one of its best shows to a rival streaming service? The Streaming Wars are a high-stakes arms race in their own way, with several corporations and media companies vying for Read more…

The chipmaker announced disappointing quarterly results and is not optimistic for the rest of the year. It’s been a terrible year for chip and semiconductor makers.  And things are not about to get better according Read more…

The mortgage rate increase is “leading to greater stagnation in the housing market,” said Freddie Mac’s chief economist. Mortgage rates continue to ascend, hammering home buyers. The 30-year fixed mortgage averaged 7.08% in the week Read more…

Stop orders turn into market orders once the stop price is reached.  Kidsada Manchinda via Shutterstock; Canva What Is a Stop Order? When an investor instructs their broker (usually via a trading application on their Read more…

The Meta CEO is certainly not the only billionaire to lose money this year, but he has coughed up the most. Online advertising sluggishness, competition from TikTok, and increasing skepticism about the Metaverse led to Read more…