Latest Market News

Oct 25
Biogen beats revenue expectations in the third quarter

Biogen’s BIIB, -1.70% stock was up 0.7% in premarket trading on Tuesday after it beat expectations for earnings and revenue in the third quarter of the year. The company had earnings of $1.1 billion, or $7.84 per share, in the third quarter of 2022, compared with $2.5 billion, or $2.22 per share, in the same […]

Oct 25
Nio stock bounces, after suffering biggest selloff in more than 2 years

Shares of Nio Inc. NIO, +2.64% bounced 1.5% in premarket trading Tuesday, after suffering in the previous session the worst selloff since March 2020 in the wake of China President Xi Jinping’s moves to consolidate power. The China-based electric vehicle maker’s stock had tumbled 15.7% on Monday, to the first close below the $10 mark […]

Oct 25
WhatsApp down again? Google Trends spike after the outage

Some two billion WhatsApp users were left without service on Oct. 25 as the biggest messaging application worldwide went offline. Meta, the owner of Facebook and WhatsApp, is yet to clarify what led to the outage. Users took to social media platforms like Twitter to share hilarious memes about the outage, with many flocking to […]

Oct 25
Is Forex Trading Halal or Haram?

Is Forex Trading Halal or Haram? Forex trading can be both halal and haram depending on the intentions and actions of individual investors. Trading with the right strategy and on Islamic account is halal but trading with a regular interest and no system, it is considered gambling and haram. Forex trading halal is exchanging currencies […]

Oct 25
3M Co. beats earnings target but misses on revenue, stock falls

3M Co. MMM, +1.34% shares fell 1.9% in premarket trades on Tuesday after the company fell short of revenue estimates and cut its 2022 profit view on economic headwinds, although it delivered stronger-than-expected quarterly results. 3M’s third-quarter profit more than doubled to $3.86 billion, or $6.77 a share, from $1.43 billion, or $2.45 a share, […]

Oct 25
Xerox stock sinks as profit falls to less than half what was expected and revenue falls shy

Shares of Xerox Holdings Corp. XRX, -0.93% sank 6.5% in premarket trading Tuesday, after the copier and other workplace hardware company reported third-quarter profit that was less than half what was expected, citing “persistently high inflation and supply chain constraints, and lowered its full-year outlook. The company swung to a net loss of $383 million, […]