Investment in information technology and business services around the world drops as the economy cools

Concerns about the global economy have resulted in a decrease in spending on information technology and business services during the past three months. According to data compiled by technology advisory firm ISG, spending dropped to $23bn in Q3 2022, down 3% from the same period in 2021. Investmen...

SNAP SHARES DROPS MORE THAN 10%

Highlights

• Revenue increased at 44% from the year prior
• It is adding users and planning to grow its business

Snapchat is currently adding users and growing its business in an extremely competitive market. However, this reason may not...

OIL DROPS 2% FEAR ABOUT CORONA VIRUS SPREAD

Highlights

• Oil drops 2%
• Concerns for the demand for crude oil

The Chinese authorities have locked down the city to curb the spread of the virus. The fear around coronavirus spread has resulted in a further drop in oil prices to 2%, w...

GOLD RATE DROPS AMIDST CHINA VIRUS FEAR

Highlights

• Fall in gold rates

The Chinese officers have announced that they have taken corrective measures to counter the new coronavirus that has raised fears of a worldwide epidemic. On Wednesday the gold prices fell.

Spot gold redu...

U.S YIELDS DROPS WITH CONCERN ABOUT NEW VIRUS

Highlights

• New virus outbreak from China

• Drop-in U.S yields

U.S. two-year, 10-year, and 30-year yields dropped to a two-week low as the news about coronavirus spread throughout the world.

Whereas o...

Building products company drops results

As the companies near the financial year end they are preparing their 2020 outlooks and the third quarter results are also being announced for most of the companies and the outlooks are changing the way investors are looking at the firms for investing their capital.

The company that has...