MongoDB saw a significant increase in its shares, rising as much as 16% in extended trading following the release of its fiscal second-quarter earnings report. The company reported earnings per share of 70 cents, surpassing the expected 49 cents. Additionally, MongoDB’s revenue reached $478.1 million, exceeding the projected $464.1 million. This growth represents a 13%
American Eagle faced disappointment on Wall Street as it missed sales targets for the second consecutive quarter. However, the company managed to increase its profit by almost 60%, thanks to lower product costs. This news led to a 3% decrease in the company’s shares during early trading. Despite falling short of expectations, American Eagle reported
The tech earnings parade continued with Marvell Technology reporting better-than-expected revenue in the latest quarter, leading to an 8% surge in after-hours trading. Despite this positive news, Marvell is still down 18% from its March high, reflecting the volatility in the tech sector. The VanEck Semiconductor ETF (SMH) is also experiencing fluctuations, currently sitting 16%
The consumption of cannabis has taken a significant turn in recent years, making its way even to Fifth Avenue in New York City. As shoppers stroll past luxury retailers like Cartier and Saks, they can now also pick up pre-rolled joints of New York state-grown marijuana from a licensed dispensary. Since New York legalized adult-use
Airlines across the globe have been grappling with financial challenges, particularly low-cost and deep discounter carriers. In an attempt to save money and navigate the impact of engine repairs, many airlines are deferring the purchase of new aircraft. This strategic shift comes as airlines strive to return to profitability in the face of increased costs
When considering the high real estate prices in Manhattan, New York, it is shocking to discover that for the price of a 500 square foot apartment in the city, you can purchase a property over 7,000 square feet in Sicily, Italy. This Italian island is famous for its rich history, beautiful beaches, and charming hilltop
The Food and Drug Administration has recently given the green light for Novavax to distribute its updated protein-based Covid vaccine for emergency use in individuals aged 12 and above. This move opens the door for Novavax’s vaccine to enter the competition against the well-established Pfizer and Moderna shots in the upcoming fall and winter seasons.
Retirees who have been concerned about the skyrocketing costs of prescription drugs can breathe a sigh of relief starting in 2025. A new change will take place in January of that year that will cap the annual out-of-pocket drug costs for Medicare drug plan enrollees at $2,000. This new measure is projected to bring significant
Buying a home has long been considered a key aspect of the American Dream, allowing individuals to establish stability and build equity. However, in today’s market, affordability is becoming a significant obstacle for many potential buyers. The median sales price for homes has continued to rise, reaching $422,600 in July, reflecting a 4.2% increase from
Celebrating his 94th birthday, Warren Buffet leads Berkshire Hathaway like no other. The company recently hit a market capitalization of over $1 trillion, a milestone that no other nontechnology company had achieved. Buffet’s friend and investor, Howard Marks, attributes Buffet’s success to a combination of strategic vision, discipline, consistency, and unrivaled insight. Buffet’s success story