Author: Press Room
Step aside, Charli D’Amelio and Khaby Lame. TikTok has a new type of influencer on its mind: the shopping star.The company wants to prop up influencers who are uniquely gifted at selling goods on its app. Its “Star Creator” team focuses on finding and developing influencers who can drive sales in various product categories on its e-commerce tool, TikTok Shop, two sources who work with Shop-focused talent said. It’s hiring for several new roles in the US and UK for the group, including a “star creator manager” in London and a team lead focused on Shop creators who are good…
Investor sentiment towards AppLovin Corporation (APP) appears positive after it reported fourth-quarter 2023 earnings on February 14, 2024, after the bell. Revenue was $25.23 million higher than analysts’ consensus expectations, and earnings beat expectations by $0.14. Additionally, the company’s free cash flow (FCF) jumped significantly higher in 2023. The stock rose 25% after reporting earnings, adding to gains made earlier this year and its 278% rise in 2023. Even after the stock’s recent surge, the market may be undervaluing the stock in my view, and there could be more potential upside. Data by YCharts AppLovin operates in the mobile app…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Ministers have urged the EU to increase funding for the €60bn-a-year Common Agricultural Policy subsidy scheme in a bid to quell protests as Belgian farmers blockaded roads and set fire to tyres in central Brussels.The CAP, which consumes about a third of the EU’s joint budget and is the oldest of the bloc’s policies still in operation, is designed to provide a steady stream of income to farmers in order to ensure food production. But as farmers staged their latest protests on…
CNN analyst reacts to Trump’s latest tactic to avoid trial CNN analyst Elie Honig reacts to Former President Donald Trump’s legal team is trying to use his mishandling of criminal documents in Florida to cause a scheduling conflict with the federal judges handling his major cases. Read the full article here
If you see a headline that a company beat analysts’ expectations when reporting its quarterly results, it may not mean very much. The analysts may have set the bar too low, based in part on the company’s own projections — all part of the routine that can set up a “beat rate” of 70% or more each earnings season. Or a company might report a “beat” that is actually a net loss that was lower than expected. So what would make for an impressive set of quarterly results? How about improved profit margins combined with an increase in sales? Below…
Mortgage rates are inching up after reports of hotter-than-expected inflation data showed continued strength in the U.S. economy. With inflation still over its 2% target alongside a robust job market, the market is anxious about when the Fed will start cutting its benchmark interest rate, which is currently keeping mortgage rates elevated. The 30-year fixed-rate mortgage averaged 6.77% as of Feb. 15, according to data released by Freddie Mac FMCC, +3.73% on Thursday. That’s up 13 basis points from the previous week. One basis point is equal to one hundredth of a percentage point. Mortgage rates were last at this…
Investing.com– Gold prices nursed steep losses on Thursday as anticipation of a barrage of U.S. economic and interest rate cues kept traders averse to the yellow metal, while copper sat on strong gains this week following more stimulus measures from China. Bullion prices had fallen 0.7% on Wednesday, largely disregarding some weakness in the as anticipation of key U.S. gross domestic product (GDP) and inflation data brewed more uncertainty over interest rates. The yellow metal was battered by increasing bets that the Federal Reserve will cut interest rates later, instead of earlier this year. A series of record-high finishes on…
By Shristi Achar A and Shashwat Chauhan (Reuters) -European shares ended slightly lower on Friday as advances in Ubisoft and Hermes were undercut by sliding L’Oreal shares, while rising government bond yields also exerted some pressure. The pan-European index closed 0.1% lower, though logging a 0.2% advance for the week. L’Oreal dropped 7.6% after the French cosmetics company reported underwhelming fourth-quarter sales growth. Banks lost 0.3% as BNP Paribas (OTC:) eased 2% after UBS downgraded the French lender to “neutral” from “buy”. On the bright side, healthcare stocks were amongst top gainers, helped by a 9.7% rise in Coloplast (CSE:)…
The battle goes on with aging parents who are living alone or without family nearby and their adult children. From the kids’ point of view, their parent is just not safe in that big house anymore, with the declines that often come with aging. Perhaps the elder has lost a spouse or partner and there is no one left to watch out for them. The family tells them they should move. They explore senior living situations. They urge and argue with the aging parent. They’re worried, and justifiably so. Frail elders are not safe living alone, generally. The Aging Parent’s…
Intuitive Machines’ cargo lander, Odysseus, returned its first images from the moon’s surface over the weekend, as the spacecraft settles in to its lunar destination.The company’s historic IM-1 mission is now operating on the moon after landing on Thursday, becoming the first privately developed spacecraft to soft land on the lunar surface.Intuitive Machines initially reported Odysseus was standing upright. But, in an update late on Friday, company executives said they believe the spacecraft caught its landing gear sideways in the moon’s surface while touching down and tipped over.Despite resting on its side, Odysseus is still sending back data. Intuitive Machines…
