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The advertising business was hit hard by Apple Inc's new privacy rules. Snap Inc plummeted 25% after trading and also fell sharply after Facebook tweeted the special offer.
Snap Inc announced the company's third-quarter results after trading on Thursday, and its revenue and performance guidelines fell short of market expectations. According to the financial report, Snap Inc's adjusted earnings per share in the third quarter were 17 cents per share, with market expectations of 0.08 dollars; revenue of 1.07 billion dollars and market expectations of 1.1 billion dollars. The company said that the number of global daily active users in the third quarter was 306 million, and the market expected 302.1 million; revenue in the fourth quarter is expected to be $1.17 billion-1.21 billion, and the market is expected to be $1.35 billion. Snap Inc's advertising business was hit hard by the new privacy rules introduced by Apple Inc earlier this year.
Buffett's favorite market index hit 205%, suggesting that the stock price is too high and a crash may be imminent.
FX168 Financial News (Hong Kong)-with the arrival of the Jackson Hole central bank seminar, a key risk event this week, the rally of US stocks rushing to record highs has been suspended. On this occasion, some analysts pointed out that Warren Buffett's favorite market index reached 205%, indicating that the stock price is too high and a crash may be imminent. The favorite market indicator of "stock god" Warren Buffett (Warren Buffett) has climbed to 205%, suggesting that the stock market is overvalued and a crash may be imminent. The Buffett Index is to divide the total market value of all publicly traded stocks in the United States by the latest quarter of domestic.
The inflation outlook remains bleak. Bets on an ECB rate hike are cooling.
Traders will have to do more to bridge the gap between their high interest rate bets and the depressed inflation outlook in the eurozone. The market is currently pricing that the ECB deposit rate will rise by 10 basis points in about three years, only 1/3 of the rate hike expected in May. But forward-looking indicators suggest that consumer price increases will still be lower than the ECB's target, meaning expectations of tightening monetary policy need to be further delayed. "either the market still underestimates inflation, or it is still too early to price and raise interest rates-or both," said Christo, head of fixed rate strategy at Commerzbank
The surge in South Korean exports in early August shows that Delta has not derailed the global trade recovery.
Early South Korean trade data show that exports are set to rise in August, suggesting that global demand remains strong despite a surge in Delta variants. South Korean customs said on Monday that exports rose 40.9 per cent in the first 20 days of the month compared with the same period a year earlier. This is partly due to the base effect, which fell 7.5 per cent in the same period last year. The new restrictions on epidemic prevention have not yet derailed the global trade recovery, according to the report. However, compared with the optimism that prevailed earlier this year, concerns about the outlook are growing as the more contagious Delta variant spreads across countries. South Korea's trade data are early in global economic activity
Launching a falcon rocket once by Musk is equivalent to an average person spending $50
For Microsoft co-founder Bill Gates, spending $1.08 million is equivalent to spending $1 per average American. His net worth is currently around $131 billion. In fact, Gates could continue to spend $1 million a day for the next 350 years and still won't run out of money. Of course, Gates isn't the only one. According to the Forbes Billionaires list, the founder of Microsoft is only the fourth richest person in the US, followed by Amazon founder Jeff Bezos, Tesla and SpaceX founder Elon Musk, and Facebook founder Mark Zuckerberg. The United States
Capital Macro: the dollar is overvalued but will continue to rise in the next 6-12 months
Thomas Mathews, an economist at Capital Macro, said that while the US's foreign assets and large current account deficit suggest that the dollar is "somewhat" overvalued, the dollar is likely to rise further in the next 6-12 months. Mathews wrote in a research note on Friday that the rise in the dollar benefited from a faster rise in U.S. yields than in other advanced economies, which is expected to continue, which in turn will push the dollar higher further. The dollar index hit a high for the year on Thursday, reflecting the dollar's avoidance amid economic uncertainty caused by the spread of Delta mutant strains.
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