The company, which became a household name during the lockdown due to the popularity of its video-conferencing tool, has seen its revenue growth slow. Analysts forecast Zoom’s revenue to grow only 6.7% in fiscal 2022 after a more than four-fold increase in revenue and a nine-fold increase in profit in 2021. Profits are projected to […]
E-commerce firm eBay Inc said on Tuesday it would lay off 500 employees globally, which is 4% of its total workforce. Shares of the San Jose, California-based company rose about 1% in aftermarket trade. “This change gives us additional space to invest and create new roles in high-potential areas – new technologies, customer innovations and […]
“If for some reason they can’t borrow more money or if their cash flow becomes insufficient to cover debt service, we would become concerned,” said the investor on condition of anonymity. However, underlining the nervousness in some quarters, Bloomberg reported on Wednesday that Credit Suisse CSGN.S has stopped accepting bonds of Adani group companies as […]
However, earnings per share came in at 12 cents, which was less than the 45 cents expected by analysts polled by Refinitiv. Netflix projected a “modest” gain in subscribers through March. It projects a 4% year-on-year growth in revenue during the period with the help of new revenue streams. The company faces restrained consumer spending […]
The S&P 500 Growth Index has fallen nearly 30.1% this year, while the price index is down 7.4%, with investors preferring high dividend-paying sectors with stable income such as energy. The energy has registered a stellar annual gain of 59% due to a rise in oil prices. Ten of the 11 S&P sector indexes fell […]
Foreign investors are buying Indian financial firms, attracted by prospects of a fresh credit cycle, which could boost shares of the country’s largest lender. Indian shares are trading at a record-high valuation premium to their Asian counterparts, BNP Paribas said, but foreign investors have found a bright spot in the financials, finding their strong fundamentals […]
After a drastic fall yesterday DSE could recover a little today. DSE had an upward trend today. DSE general index stood at 5225.31273 pt and it was 160.13643 pt or 3.1615174% higher than that of the previous day. Among 252 issues 225 issues advanced 24 issues declined and 3 remain unchanged. Total value in Taka […]
With a perspective to propping up a sagging share market, business-tycoon Salman F Rahman will buy half a million shares of his own company, Beximco Limited, from a bourses. Immediately after a proclamation that a entrepreneurs listed with a share marketplace will buy shares of their own companies to await a market, Salman Rahman put […]
Several hundred angry investors came to the Motijheel street yesterday for more than one and a half hours, This incident occurred in the early hours of trading on Wednesday when index showed a downward movement for the last three consecutive days. For details of movement of index please click The institutional investors are facing shortage […]
Asset and investment management services of Bangladesh limited (AIMS) 1st mutual fund, applied for a bonus and right share to the security exchange commission (SEC) on 25 February of this year for the year 2007-08 and 2008-09 financial year at a rate of 70 percent bonus and 130% right shares. But, Securities and Exchange Commission […]
