Apple to Make Foldable Phones as BlackRock faces Worst Year Ever
Uniic Media Newsletter - Wednesday - May 11, 2022
Roblox Paints an Ugly Picture with Q1 Earnings
Roblox lost 6.9% in after-hours trading as the video game company missed analyst projections on the top and bottom lines. Roblox reported:
Revenue: $537 Million vs. $642 Million Expected
EPS: -$0.27 vs. $-0.23 expected
According to Refinitiv.
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Ukraine has Suspended the Flow of some Russian Gas into Europe through a Key Transit Point
Flows of Russian gas to Europe through a transit point in Ukraine dried up on Wednesday, while Kyiv reported battlefield gains over invading Russian forces that could signal a shift in the war’s momentum.
Ukraine has remained a major route for Russian gas to Europe even since the Feb. 24 invasion, which President Vladimir Putin calls a “special military operation.”
Mounting Western sanctions are seeking to ban or phase out the use of Russian energy, a key source of funds for Putin’s war effort and a vulnerability for Europe, especially Germany.
BlackRock’s Strategic Equity Hedge Fund is having its Worst Year Ever
BlackRock’s Alister Hibbert has turned bearish as his hedge fund endures its worst-ever losses amid a sharp decline in stocks.
The BlackRock Strategic Equity Hedge Fund tumbled 13% this year through April, a person with knowledge of the matter said. That exceeds its worst annual decline of 11%. The money manager, who has profited from the historic surge in stocks since starting the fund in 2011, turned net short for the first time ever this month, said the person. His portfolio was net long about 35% at the end of last year.
Apple begins testing Folding Panels for iPhones and iPad
Apple is developing a new folding OLED screen that should eventually make its way in a folding iPhone or iPad according to South Korea’s TheElec. The big breakthrough is the lack of a polarizer layer on the panel which is currently being used in some conventional folding displays. Apple is considering a similar approach for its own folding device.