Used cars: why sales are collapsing

In January, used car sales fell for the 7th time in 8 months. A situation which is mainly explained by the crisis that the new market is going through and also by the prices for second-hand vehicles which are soaring. After reaching a record level in 2021, the second-hand market is, however, going through a … Read more

PYPL stock rises as Mull analysts lower 2022 forecast as ‘compensating event’

Analysts wonder if the worst is over for PayPal Credits (PYPL) following March quarter earnings that hit Wall Street targets and lowered 2022 guidance. PYPL stock rose on Thursday after hitting a fresh 52-week low ahead of its first-quarter earnings release. . After the market closed Wednesday, the e-commerce company said March quarter earnings were … Read more

Comcast (CMCSA) Q1 2022 Results

Brian Roberts, Chairman and CEO of Comcast Corp. Patrick T. Fallon | Bloomberg | Getty Images Comcast reported first quarter results Thursday that beat analyst estimates on the top and bottom lines. Shares of the company fell 3% in premarket trading, after initially rising 5% in the report. Here are the key numbers: Earnings per … Read more

Dow Jones rallies as Facebook soars 18% on earnings; Apple revenue due

The Dow Jones Industrial Average rallied on Thursday after Wednesday’s stock market rebound failed. Tech giant Metaplatforms (Facebook) soared more than 18%. Meanwhile, PayPal (PYPL), Qualcomm (COMQ) and Twitter (TWTR) were the main drivers of earnings early Thursday. Apple’s earnings are due after closing. Dow Jones Stocks caterpillar (CAT) and McDonald’s (MCD) reported earnings before … Read more

The mantra “The dollar is king” echoes in all currencies as the yen falls

(Bloomberg) – The rising US dollar headed for its best month in a decade as renewed yen selling cemented the greenback’s strength against its major peers. Bloomberg’s Most Read A Bloomberg indicator of the greenback hit its highest level in nearly two years and rose 4.5% this month, set for its best performance since May … Read more

US GDP contracted 1.4% in the first quarter of 2022

The U.S. economy unexpectedly contracted at an annualized rate of 1.4% in the first three months of 2022 after more than a year of rapid growth, according to a Bureau of Economic Analysis report released Thursday. The new data is fueling worries about a recession amid continued inflationary pressures and uncertainty over the war in … Read more

US stocks hold gains in choppy trade after Facebook parent’s results; GDP disappoints

U.S. stocks tried to hold on to early gains on Thursday, with the Nasdaq Composite briefly dipping into negative territory after a jump that followed results from parent Facebook meta platforms that weren’t as bad as expected. Investors also initially brushed off data that showed the US economy contracted unexpectedly in the first quarter. What … Read more