On one hand, the latest batch of cyclical business earnings suggests that consumers are handling inflation in a better-than-expected way.
On the other hand, Federal Reserve Chairman Jerome Powell also provided an update on the central bank’s plans to reel in inflation.
businesses remain resilient despite elevated uncertainty.” Gilbert continues, “Inflation, COVID, and the conflict in Ukraine will keep uncertainty elevated in the near term, but if we can navigate these challenges we believe there are solid prospects of a pick-up in growth in the second half of the year.” Aside from all this, investors also have today’s batch of stock market news to consider.
Overall, CEO Evan Spiegel sums it up by saying, “The first quarter of 2022 proved more challenging than we had expected.” Even so, investors appear to be paying attention to the company’s latest user count.
Looking forward, Snap is also expecting this momentum in its user base to persist into the current quarter.
As a prominent name among the top social media stocks, long-term investors may be keen to jump on SNAP stock now.
Diving in, the company saw a net loss of $292.3 million alongside revenue of $335.6 million.
He starts by saying, “Q1 was an outstanding quarter for Qualtrics – in fact, it was the biggest Q1 in our history.” Serafin elaborates, “These results highlight the demand for experience management as companies of every size and in every industry navigate an uncertain environment.
However, WBD is looking to better integrate CNN into its new and improved streaming arsenal moving forward.
In his words, “CNN will be strongest as part of WBD’s streaming strategy which envisions news as an important part of a compelling broader offering along with sports, entertainment, and nonfiction content.” Accordingly, Licht also notes that CNN will continue to bolster its core new network offerings while expanding CNN Digital.
As of earlier today, these two automotive industry titans are making new dedicated EV platforms. They aim to develop three of such platforms by 2030 through a series of joint initiatives.
At the same time, GM is also helping Honda develop and build two premium electric SUVs in the same region.
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