Cart

0

Stocks

“Verizon Earnings Fall From Year Earlier But Top Estimates; Revenue Misses”

“…For the period ended June 30, March, Verizon earnings came in at $1.21 on an adjusted share. Profit for VZ stock fell 7% from a year earlier. Revenue for Verizon stock dipped 3.5% to $32.6 billion. A year earlier, Verizon… Continue Reading…

Economy

“June jobs report live updates: 209,000 jobs added as unemployment falls to 3.6%”

“Hiring slowed but remained sturdy in June as U.S. employers added 209,000 jobs despite inflation, high interest rates and nagging recession fears. Still, that’s the weakest showing since employers shed jobs in December 2020. The unemployment rate fell from 3.7% to 3.6%, the Labor Department… Continue Reading…

Banking

[Banking] “First Republic’s dramatic slide continues, stock falls 35% as bank looks for rescue deal”

“First Republic ’s stock sank again on Wednesday as investors kept an eye on a potential rescue deal for the troubled regional bank. Shares were down more than 35% in morning trading, extending losses of nearly 50% on Tuesday. The… Continue Reading…

Stocks

“Shares of Roblox fall 12% after company releases March update”

“Shares of Roblox tumbled 12% on Monday after the gaming company released its March 2023 metrics report that showed it expects average bookings per daily user to fall year over year. Roblox’s estimated average bookings per daily active user were between $3.73 and… Continue Reading…

Stocks

“Dow falls 400 points as higher rates pressure stocks…”

“…The Dow Jones Industrial Average dropped 457 points, or 1.35%. The S&P 500 slid 1.3%, and the Nasdaq Composite pulled back by 1.7%. The Dow briefly fell by 500 points before reversing some of its losses. Home Depot shares fell… Continue Reading…

Business, Stocks

“Shopify stock falls nearly 7% as forecast disappoints amid escalating Amazon rivalry, price increases”

“…In their forecast, Shopify executives guided for revenue to grow “in the high-teen percentages” in the fiscal first quarter, while not providing a forecast for any profit metric nor for the full year. Analysts on average were projecting first-quarter revenue… Continue Reading…

Business

“Procter & Gamble revenue and profit fall as company looks to higher prices to offset declining sales”

“…For the three-month period ended Dec. 31, the company reported net income of $3.9 billion, or $1.59 per share, excluding items, down from $4.22 billion, or $1.66 per share, a year earlier. Net sales fell to $20.77 billion, a 1% decrease… Continue Reading…

Economy, Energy

“Gasoline is cheaper now than a year ago — and could fall below $3”

“Gasoline prices are now cheaper across the U.S. than they were a year ago, and the price per gallon could fall below $3 for most Americans by the end of the year. According to AAA, the national average for a gallon… Continue Reading…

Cryptocurrencies

“Matt Damon Crypto.com’s Coin Is in Free Fall”

“…For some Crypto.com could be the next cryptocurrency company to face a severe liquidity crisis as the collapse and bankruptcy of FTX is prompting greater scrutiny in the digital assets industry. But the Singapore-based exchange’s CEO Kris Marszalek said the company’s exposure… Continue Reading…

Stocks

“Dow futures fall as the British pound hits record low against the dollar”

“…Dow Jones Industrial Average futures fell 78 points, or 0.3%, off the lows of the morning. S&P 500 futures shed 0.3%. Nasdaq 100 futures lost 0.1%. The British pound dropped to a record low on Monday against the U.S. dollar. Sterling at… Continue Reading…