federal reserve

Key Takeaways from Federal Reserve’s December Meeting Minutes

Mohit Oberoi

Yesterday, the US Federal Reserve released the minutes of its December meeting where it had raised rates by 50 basis points as widely expected. Here are the key takeaways from the minutes of the Fed’s December meeting. The minutes state that “incoming data showed nascent signs of a moderation in inflationary pressures.” Notably, the headline…

nio chinese ev stocks

Chinese EV Stocks Fall on Demand Woes as NIO Lowers Guidance

Mohit Oberoi

Chinese EV (electric vehicle) stocks including NIO and Xpeng Motors are trading lower in US premarket price action today amid reports that Tesla has suspended production in China. Separately, NIO has lowered its fourth-quarter delivery guidance. Over the last couple of weeks, there have been multiple reports which said that Tesla is looking to lower…

zoom earnings

Zoom Stock Falls on Guidance Cut, Citi Sees More Pain Ahead

Mohit Oberoi

Zoom Video Communications (NYSE: ZM) released its earnings for the fiscal third quarter of 2023 yesterday after the markets closed. While its earnings were better than expected, it lowered its full-year guidance. Zoom reported revenues of $1.1 billion which were 5% higher than the corresponding quarter last year and were in line with what analysts…

Tesla Stock’s Poor Run Continues After Q3 2022 Earnings Miss

Mohit Oberoi

Tesla stock (NYSE: TSLA) is trading sharply lower in US premarket price action today after it released its third-quarter earnings. The company’s revenues fell short of analysts’ estimates and it trimmed its 2022 delivery forecast. Tesla reported revenues of $21.45 billion in the third quarter of 2022, which was 56% higher than the corresponding period…

netflix's ad tier

Everything You Need to Know About Netflix’s Ad-Supported Tier

Mohit Oberoi

Netflix (NYSE: NFLX) has announced pricing and other key details about its ad-supported tier. Here’s everything you need to know about Netflix’s new lower-priced tier. The ad-supported tier would cost $6.99 in the US. Netflix has kept the pricing at Canadian dollars 5.99 in Canada and £4.99 in the UK. To put that in perspective,…