US stocks slid lower on Friday, dragged down by a sell-off in tech. The Nasdaq tumbled after touching record highs, pulled down by a sharp drop for Nvidia. The jobs report was a mixed bag, with trends boding well for rate cuts but pointing to a cooler economy. US stocks tumbled on Friday, dragged down […]
Shares in GitLab (GTLB) tumbled Tuesday after the software maker reported fourth-quarter earnings and revenue that topped estimates while management’s fiscal 2025 guidance for GTLB stock disappointed. X GitLab earnings for the quarter ending Jan. 31 were 15 cents a share, swinging from a loss of 3 cents a share a year earlier. Revenue rose […]
By Tatiana Bautzer, Nupur Anand and Shivansh Tiwary (Reuters) – New York Community Bancorp replaced its CEO, reported a fourth-quarter loss that was more than 10 times what it previously stated and disclosed faults in its financial reporting in filings on Thursday that sent its shares tumbling. The bank named Alessandro DiNello, executive chairman of […]
(Reuters) – UnitedHealth Group shares fell more than 5% on Wednesday following a report that the U.S. Department of Justice has launched an antitrust investigation into the healthcare conglomerate. At $485.98, more than $25 billion was set to be wiped out in market value, a day after about $11 billion was erased following the report […]
(Reuters) – Shares of Intuitive Machines fell 24% on Tuesday as the company’s lunar mission neared a premature end after a sideways touchdown hindered communications and solar charging capability of its moon lander Odysseus. If premarket losses hold, it would wipe out nearly all the gains Intuitive Machines made last week after it made the […]
Shares of Rivian (RIVN) and Lucid (LCID) hit new all-time lows on Thursday after reporting quarterly results that disappointed the Street and raised concerns that the pure-play EV makers are not evolving quickly enough, particularly with EV demand waning. Rivian said it sees vehicle production for 2024 hitting 57,000 units, well below the 80,000 units […]
Palo Alto Networks (PANW) reported fiscal second-quarter earnings and revenue that topped Wall Street targets amid slowing growth in its core computer network “firewall” appliance business. Company guidance for PANW stock missed expectations despite growth in security products delivered from its cloud computing platform. X The cybersecurity company released fiscal Q2 earnings after the market […]
(Bloomberg) — Super Micro Computer Inc.’s 20% rout Friday was a much-needed win for short sellers facing billions of dollars in losses amid its blistering rally. Most Read from Bloomberg Traders who bet against the semiconductor company netted paper profits of $1.2 billion on the one-day dip, its biggest drop since August. Even with the […]
(Bloomberg) — The world’s biggest producer of nitrogen fertilizer used for corn and other crops posted sharply lower quarterly profit and sales as prices tumbled. Most Read from Bloomberg CF Industries Holdings Inc.’s fourth-quarter sales dropped 40% from a year earlier to $1.57 billion, the company reported after the close of US markets on Wednesday. […]
The Kansas City metro will make a run at it’s fifth day of the month of 60-degree temperatures, but the weather will come crashing back to normal this weekend as cooler temperatures are expected, the National Weather Service said. Temperatures are expected to be in the low to mid-60s in Kansas City. Far northern Missouri […]
WASHINGTON (Reuters) – A sell-off in shares of U.S. regional banks continued on Thursday, adding to losses from a day earlier when a surprise loss and a 70% divided cut from New York Community Bancorp renewed fears about the health of the industry. The KBW Regional Banking Index fell 1.4% after seeing its biggest single-day […]
Dow Jones futures were little changed after hours, along with S&P 500 futures and Nasdaq futures, after the market sold off as Federal Reserve chief Jerome Powell said a Fed rate cut in March was unlikely. X The stock market rally started Wednesday with techs solidly lower following earnings from Microsoft (MSFT), Google parent Alphabet […]