April 29, 2022

ARK Crushed By Concentrated Bet In Teladoc

Shares of Teladoc (TDOC) crumbled on Thursday after the company reported dismal earnings for the first quarter. The 47% drop in shares of the telemedicine provider was a big blow for Cathie Wood’s ARK, which invested heavily in the stock. According to the latest data […]
April 29, 2022

Apple beats Wall Street estimates despite supply chain disruptions

Apple (AAPL) reported its Q2 2022 earnings after the bell Thursday, beating analysts expectations on the top and bottom line and recording record revenue despite continued supply chain disruptions. Here are the most important numbers from the report compared to what Wall Street was expecting. […]
April 28, 2022

Dollar borrowing costs rise as euro, yen fall

Borrowing costs for U.S. dollars in currency derivatives markets rose sharply on Thursday after the dollar surged to within striking distance of its highest levels in two decades. The dollar rose past the psychological level of 130 yen on Thursday for the first time since […]
April 28, 2022

Facebook parent Meta misses earnings expectations but adds users

Facebook parent company Meta (FB) reported its Q1 2022 earnings on Wednesday, meeting expectations on revenue but missing on earnings per share. Still, the social media giant added users, and shares were up 13% in after-hours trading. In a turnaround from its historically bad Q4, […]