Shares of Facebook owner Meta plummeted 26% on Thursday, the biggest single-day slide in market value for a US company, after the social media giant issued a dismal forecast, blaming Apple Inc's privacy changes and increased competition.
"The tech selloff spilled over to broader equity markets this morning and with the Fed preparing to raise interest rates, we could see more volatility going forward," he said.Africa’s largest cryptocurrency exchange is looking for a foothold in the US, the latest international platform to try and tap one of the world’s biggest populations of digital-asset investors.
Founded in 2013, Luno has 9 million users from Asia to Africa. It currently offers trading in tokens including Bitcoin, Ethereum and Ripple - and could soon add new coins chosen from the world’s 10 most liquid cryptocurrencies, Reitz said.For the year to end-December, Curro expects its headline earnings per share will be between 7.1% and 18.1% higher than in the previous year. Its results will be released on 23 February.
Trade in Asia was lightened by a holiday inChina. Policy decisions from the Bank of England and European Central Bank are due at on Thursday respectively, and a news conference with ECB President Christine Lagarde is scheduled for the afternoon."Hawkish outcomes might pressure the U.S. dollar," said Speizer. The dollar index has dropped back to its 50-day moving average and was steady on Thursday at 96.043.
Avenida sells itself as a"one-stop shop" for home, apparel, footwear and cellular products to the average Brazilian family. It had a preliminary turnover of about R2.2 billion for the financial year ended 31 December 2021. Facebook reported 2.91 billion monthly active users in the fourth quarter, showing no growth compared with the previous quarter.
Apple's changes to its operating software give users the choice to prevent apps from tracking their online activity for ads, making it harder for advertisers that rely on data to develop new products and know their market. Ascendis will raise R802 million with the disposals, leaving it with R200 million in cash after paying off the remaining debt.“We believe the remaining consumer brands business presents a compelling base for the growth of the group. Consumer Brands is one of the largest vitamin, mineral and supplement suppliers in South Africa, with market-leading brands such as Solal, Vitaforce, Menacal, Bettaway and Junglevite being among the most established and recognised in their categories,” Smit said.
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