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Meta’s Reality Labs division posted a $2.9 billion loss in Wednesday’s Q1 earnings call, but Zuckerberg remains optimistic about future profitability from the Metaverse. 2465 Total views 17 Total shares Meta Platforms Inc., formerly known as Facebook Inc., posted its Q1 2022 earnings on Wednesday, with its Metaverse-focused Reality Labs division posting increased losses. The […]
Shares of Eli Lilly & Co. LLY, +0.80% rallied 1.8% in premarket trading Thursday after the drug maker reported first-quarter profit and revenue that beat expectations, as better-than-forecast COVID-19 antibodies results offset a Trulicity miss. Net income rose to $1.90 billion, or $2.10 a share, from $1.36 billion, or $1.49 a share, in the year-ago […]
GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is still rebounding from Tenkan-Sen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2615 and then resume moving downwards to reach 1.2265 Another signal in favour of a further […]
EURUSD hit another bottom – and it didn’t surprise anybody. The major currency pair reached new lows – the last time the asset was moving there was in March 2017. The current quote for the instrument is 1.0541. The USD rally doesn’t stop. The nearer the date of the Fed’s May meeting and the GDP […]
Putin Backs Up ThreatsRussia has this week followed through on its threat to sever gas supplies with countries refusing to meet Putin’s demand that gas payments be made in Rubles. Gas supply to Poland and Bulgaria has been switched off in light of both countries refusing to satisfy Putin’s demands. With further payment deadlines from […]
CIBCFX Flows$YEN had a very brief visit to 126.965 early this morning, there was no headlines so we believe it was positioning in thin market. $YEN headed higher after Tokyo opened, yields of UST also gained. Good demand for the Tokyo fix sent the pair to 127.64. Activity slowed soon after, $YEN drifted lower. $YEN […]