Author: Fernanda T
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Amazon Up 6%, Atlassian Jumps 20%; Intel Posts Surprising Profit; Abbott Wins Infant Formula Lawsuit
Amazon (NASDAQ:AMZN) – Amazon exceeded expectations for the third quarter with earnings per share of $1.43, compared to the anticipated $1.14, and revenue of $158.88 billion, surpassing estimates of $157.2 billion. AWS performed slightly below expectations with revenue of $27.4 billion, while advertising rose 19% to $14.3 billion. Next quarter’s revenue projection between $181.5 billion…
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BTC and ETH Fall Today, Rise in October; MSTR Plans $42 Billion BTC Investment; Crypto.com Acquires Watchdog Capital
Bitcoin falls below $71,000 after PCE data, while Ethereum sees sharp drop Bitcoin (COIN:BTCUSD) fell below $71,000 late Thursday morning, trading at $70,360, a 2.8% drop over the last 24 hours. This movement was in response to September’s Personal Consumption Expenditures (PCE) index data, which did not spur any expected rise in the crypto market.…
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U.S. Index Futures Decline; Oil Prices Rise on Strong Demand and OPEC+ Production Outlook
U.S. index futures fell in pre-market trading on Thursday, pressured by GDP readings that fell short of expectations, along with disappointing earnings reports from Meta (NASDAQ:META) and Microsoft (NASDAQ:MSFT). Reports on the Personal Consumption Expenditures (PCE) price index, a preferred inflation indicator by the Fed, and the October payroll report are highly anticipated as they…
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Microsoft and Meta Decline Up to 4%; Roku Falls 14% Amid Lower Estimates; Booking Surges 6%; Carvana Soars 20%
Microsoft (NASDAQ:MSFT) – Microsoft exceeded expectations in the first fiscal quarter with earnings per share of $3.30 (above the expected $3.10) and revenue of $65.59 billion (surpassing the estimated $64.51 billion). Microsoft’s Intelligent Cloud segment reported revenue of $24.09 billion, a 20% increase, slightly above StreetAccount’s expectation of $24.04 billion. Despite a 16% year-over-year revenue…
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BlackRock ETF Reaches $30B in AUM; Starknet Hits Record 857 TPS; Polymarket Under Investigation for Wash Trading
Bitcoin ETFs see record day; BlackRock’s IBIT reaches $30 billion in assets under management On October 29, the 12 U.S. spot bitcoin ETFs saw $870 million in net inflows, marking one of the top 10 days since the ETFs’ inception. BlackRock’s (NASDAQ:IBIT) ETF recorded inflows of $642.87 million – its largest daily inflow in over…
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US Futures Rise as Tech Earnings Drive Market Optimism; Oil Prices Edge Up
U.S. index futures rose slightly in Wednesday’s pre-market as traders assessed Alphabet (NASDAQ:GOOGL)’s strong quarterly results released post-close, while AMD (NASDAQ:AMD) shares dropped significantly after a disappointing revenue forecast. Investors await additional tech earnings reports and economic growth data. At 5:46 AM ET, Dow Jones futures (DOWI:DJI) remained stable at 42,446.00 points. S&P 500 futures…
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Google Cloud Revenue Grows 35%; AMD Stock Drops 8%, Qorvo Plummets 18%, Reddit Surges 24% in Pre-Market
Alphabet (NASDAQ:GOOGL) – Alphabet exceeded expectations in Q3, with earnings per share of $2.12, surpassing the $1.85 estimate, and revenue of $88.27 billion, beating the forecast of $86.30 billion. Net income rose to $26.3 billion. YouTube’s ad revenue reached $8.92 billion, while the Other Bets division saw revenue expand to $388 million. Google Cloud revenue,…
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Bitcoin Surpasses $72K Before Elections; Consensys Lays Off Staff and Sues SEC
Bitcoin reaches $72,992 peak before US elections Bitcoin (COIN:BTCUSD) rose 4% in the last 24 hours, currently at $72,720, after hitting an intraday high of $72,992, its highest level since Q2 2024. This increase was driven by factors like the US presidential election and support from candidates like Trump, who advocates for a strategic Bitcoin…
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US Futures Rise as Investors Await Major Earnings; Oil Prices Rebound with US Reserve Refill Plan
U.S. index futures rose in Tuesday’s pre-market as investors anticipate key corporate earnings. Reports from companies like Pfizer (NYSE:PFE), McDonald’s (NYSE:MCD), and later Alphabet (NASDAQ:GOOGL), AMD (NASDAQ:AMD), and Visa (NYSE:V) are on investors’ radars. At 4:41 AM, Dow Jones futures (DOWI:DJI) were up 4 points, or 0.01%. S&P 500 futures gained 0.10%, while Nasdaq-100 futures…
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HSBC Reports $8.5 Billion Profit; Boot Barn Announces New CEO and Projections; TMDX Drops 24%, VFC Surges 22%
HSBC Holdings (NYSE:HSBC) – In the third quarter, HSBC reported a profit of $8.5 billion, surpassing projections of $7.6 billion. Revenue rose 5% to $17 billion, especially in the FX, global debt, and wealth sectors. The bank also announced an additional $3 billion share buyback, and the interim dividend was set at $0.10 per share.…