CrowdStrike shares faced a setback in extended trading following the cybersecurity software maker’s strong fiscal second-quarter results announcement. Despite exceeding earnings expectations of $1.04 adjusted per share compared to the anticipated 97 cents, and generating revenue of $963.9 million versus the expected $959 million, the company revised its full-year guidance downwards due to a recent
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Nvidia, a leading technology company, recently reported its fiscal second-quarter results which saw its gross margin slightly dip. Despite the revenue beat, the stock faced a decline in premarket trade. The stock was down by 4.6% initially, but managed to recover slightly to slide 1.46%. This indicates a lack of investor confidence in the company’s
In recent years, the labor market has shown signs of strain, with young adults bearing the brunt of the impact. A worrying 16% of 18- to 24-year-olds are currently not employed and not enrolled in high school or college, leading to a categorization as “disconnected youth.” These individuals, also known as NEETs, are choosing to
Ulta Beauty recently faced a setback as their shares dropped by 7% in extended trading after falling short of second-quarter expectations. The company experienced a decline in same-store sales, marking their first earning per share miss since May 2020 and the first revenue miss since December 2020. Comparable sales for the second quarter fell by
In a monumental moment, Warren Buffett’s Berkshire Hathaway made history by reaching a $1 trillion market capitalization, marking itself as the first non-technology company in the U.S. to achieve this milestone. The Omaha-based conglomerate has seen its shares surge by over 28% in 2024, outpacing the S&P 500’s 18% gain. This feat was accomplished just
Gap shares were abruptly halted on Thursday morning due to the early release of their quarterly earnings results. The retailer was scheduled to announce its second-quarter earnings after the closing bell on Thursday, but a presentation containing the results appeared on Gap’s website in the morning. This unexpected move caused confusion and speculation among investors,
China’s housing market continues to face challenges, as government stimulus efforts have fallen short in reviving the sector. JPMorgan’s Chief China Economist, Haibin Zhu, believes that the housing market crash is far from over and predicts that home prices will not stabilize until at least 2025. Recent data shows that new home sales in major
Recent research from the Bank of America indicates that travel spending among American households continues to surpass pre-pandemic levels. This trend is largely fueled by a surge in international trips, according to economists Taylor Bowley and Joe Wadford. They highlight that vacationing abroad is a key driver of the current travel momentum. Despite a slight
REA Group, a property listings giant owned by Rupert Murdoch’s News Corp, has recently announced its contemplation of a takeover offer for the leading U.K. property portal, Rightmove. This potential acquisition is aimed at creating a global digital real estate powerhouse, leveraging the strengths and market presence of both entities. Although no formal discussions have
In a recent interview with CNBC’s “Squawk Box Asia,” Kenneth Akintewe, the head of Asian sovereign debt at British fund manager abdrn, expressed his concerns about the U.S. economy potentially facing a prolonged slowdown in 2025. While abdrn predicts a soft landing for the economy, Akintewe raised questions about whether the Federal Reserve is making