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Industry Dynamics

Weekly Economic Calendar For February 26th, 2024 – March 1st, 2024

Weekly Economic Calendar For February 26th, 2024 – March 1st, 2024.

2024-2-23 | Industry Dynamics

Reddit's IPO Unveils USD 90.8M Loss And 21% Growth in 2023 

Today’s News Reddit revealed a narrowed net loss of USD 90.8 million and approximately 21% revenue growth in 2023 as it unveiled its IPO filing ahead of the highly anticipated U.S. stock market debut in March. This marks a significant test for the platform, which has yet to achieve the commercial success of social media […]

2024-2-23 | Industry Dynamics

HSBC Faces Steepest Share Drop Since 2020 As Profits Drop 80% 

Today’s News  HSBC witnessed its most substantial share decline since 2020 following an 80% drop in quarterly profit and a USD 3 billion charge on its stake in a Chinese bank. The bank reported pre-tax profits of USD 1 billion for the final quarter of 2023, down from USD 5 billion the previous year.   […]

2024-2-22 | Industry Dynamics