27 May

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Facebook to take action against users repeatedly sharing misinformation By Reuters

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(Reuters) - Facebook Inc (NASDAQ:FB) said on Wednesday it would take "stronger" action against people who repeatedly share misinformation on the platform. Facebook will reduce the distribution of all posts in its news feed from a user account if it frequently shares content that has been flagged as false by one of the company's fact-checking partners, the social media giant said in a blog post. (https:// It added that it was also launching ways to inform people if they are interacting with content that has been rated by a fact-checker. False claims and conspiracies...

27 May

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HSBC says to exit U.S. retail banking By Reuters

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HONG KONG (Reuters) -HSBC said it would withdraw from U.S. mass market retail banking by selling some parts of its business and winding down others. Europe's biggest bank has for years been trying to shrink its presence in some European and North American markets where it has struggled against competition from larger domestic players. The bank said in a statement late on Wednesday it would exit retail banking for most individual and small business customers but retain a small physical presence in the United States to serve its international affluent and very wealthy clients. ...

27 May

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Miner ENRC’s lawsuit ignores evidence, UK’s SFO tells London trial By Reuters

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By Kirstin Ridley LONDON (Reuters) - A London lawsuit brought against the UK's Serious Fraud Office (SFO) by ENRC, a mining company at the centre of an eight-year corruption investigation, lacks evidence and should never have been brought, a lawyer for the agency told a court on Wednesday. Simon Colton told London's High Court that ENRC may now regret sharing information with prosecutors as it sought to avoid a criminal investigation by committing to being open and transparent about an internal inquiry around seven years ago. "But a change of policy and regret do not...

27 May

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Bitcoin Slips Below $40,000, but Signs ‘Hodlers’ Returning Offers Hope By Investing.com

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By Yasin Ebrahim Investing.com –Bitcoin slipped below $40,000 Wednesday, but signs that point to renewed long-term demand supported sentiment on the popular crypto following its recent rout. BTC/USD to rose 2.02% to $38,682, but had traded as high as $40,750 on the day. Traders are starting to move their coins off exchanges to private wallets to hold bitcoin for the long haul once again, according to data earlier this week from on-chain analytics firm Glassnode. The net transfer volume from and to exchanges - a measure that measures the ratio of BTC moved on versus off...

27 May

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Best Buy, Salesforce, Pending Home Sales: 3 Things to Watch By Investing.com

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By Dhirendra Tripathi Investing.com -- The S&P 500 andNASDAQ Compositeheld onto gains Wednesday as strong earnings from retailers boosted optimism about a return to more normal economic times. The Dow Jones Industrial Average ended flat, however. The so-called meme stocks GameStop Corp (NYSE:GME) surged 14% and AMC Entertainment Holdings Inc (NYSE:AMC) jumped 18% after last week’s tumble in crypto may be encouraging retail traders to move back into stocks rather than digital currencies, for the time being. Amazon.com Inc (NASDAQ:AMZN) confirmed its $8.5 billion deal to buy the Hollywood studio MGM Holdings,...

27 May

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Workday Earnings, Revenue beat in Q1 By Investing.com

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Workday reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Workday announced earnings per share of $0.87 on revenue of $1.18B. Analysts polled by Investing.com anticipated EPS of $0.7326 on revenue of $1.16B. Workday shares are down 1.13% from the beginning of the year and are trading at $236.90 , down-from-52-week-high.They are under-performing the Nasdaq which is up 6.59% from the start of the year. Workday follows other major Technology sector earnings this month Workday's report follows an earnings beat by Apple on April 28, who...

27 May

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S&P 500 Closes Slightly Higher as Consumer, Energy Stocks Advance By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 closed modestly higher Wednesday as sectors of the market including consumer and energy stocks continued to benefit from the economic reopening. The S&P 500 rose 0.19%, the Dow Jones Industrial Average was up 0.03%, or 10 points, and the Nasdaq Composite gained 0.59%. Retail stocks started the day on a strong footing, up nearly 3% as investors digested another wave of mostly positive retail earnings. Dick’s Sporting Goods (NYSE:DKS) raised its full-year guidance after reporting profit of $3.12 a share that markedly beat analysts' expectations, sending its shares...

27 May

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Workday Lifts Annual Subscription Revenue Guidance as Results Beat in Q1 By Investing.com

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By Yasin Ebrahim Workday (NASDAQ:WDAY) reported on Wednesday first quarter results that beat analysts' forecasts, and raised its outlook on full-year subscription revenue amid strong demand. Workday was down more than 1% in afterhours trading following the report. Workday announced earnings per share of 87 cents on revenue of $1.18 billion. Analysts polled by Investing.com anticipated EPS of 73 cents on revenue of $1.16 billion. For Q2, subscription revenue was guided in the range of $1.095 billion to $1.097 billion, representing growth of 18%. The company raised its fiscal 2022 guidance for subscription revenue to a...

27 May

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NVIDIA Earnings, Revenue beat in Q1 By Investing.com

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NVIDIA (NASDAQ:NVDA) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. NVIDIA announced earnings per share of $3.66 on revenue of $5.66B. Analysts polled by Investing.com anticipated EPS of $3.28 on revenue of $5.39B. NVIDIA shares are up 20% from the beginning of the year and are trading at $634.20 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is up 6.32% from the start of the year. NVIDIA shares gained 0.95% in after-hours trade the report. NVIDIA follows other major Technology sector earnings this month NVIDIA's report...

27 May

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NVIDIA Results Beat in Q1 on Record Growth in Data Center, Gaming By Investing.com

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By Yasin Ebrahim Nvidia (NASDAQ:NVDA) reported Wednesday fiscal first-quarter results that topped expectations as its gaming and data center businesses racked up record growth. NVIDIA announced earnings per share of $3.66 on revenue of $5.66B. Analysts polled by Investing.com anticipated EPS of $3.28 on revenue of $5.39B. Shares were little changed in the after-market. The data center business grew 79% to a record $2.05 billion for the quarter year-on-year. "Mellanox (NASDAQ:MLNX) has expanded our footprint across the data center. And we are making good progress toward acquiring Arm, which will create enormous new opportunities for the...

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Facebook to take action against users repeatedly sharing misinformation By Reuters

HSBC says to exit U.S. retail banking By Reuters

Miner ENRC’s lawsuit ignores evidence, UK’s SFO tells London trial By Reuters

Bitcoin Slips Below $40,000, but Signs ‘Hodlers’ Returning Offers Hope By Investing.com

Best Buy, Salesforce, Pending Home Sales: 3 Things to Watch By Investing.com

Workday Earnings, Revenue beat in Q1 By Investing.com

S&P 500 Closes Slightly Higher as Consumer, Energy Stocks Advance By Investing.com

Workday Lifts Annual Subscription Revenue Guidance as Results Beat in Q1 By Investing.com

NVIDIA Earnings, Revenue beat in Q1 By Investing.com

NVIDIA Results Beat in Q1 on Record Growth in Data Center, Gaming By Investing.com

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