Category: Latest News

Block Inc (NYSE:XYZ) shares jumped more than 22% in U.S. premarket trading on Friday after the payments company revealed plans to cut nearly 40% of its workforce as part of a broader push to integrate artificial intelligence more deeply across its operations. The layoffs — expected to eliminate more than 4,000 positions — come as…

CoreWeave (NASDAQ:CRWV) reported a larger-than-expected fourth-quarter loss and a significant shortfall in adjusted operating margin, overshadowing modest revenue growth and sending shares down more than 10% in premarket trading on Friday. The company posted a quarterly loss of $0.89 per share, compared with analyst expectations for a loss of $0.21. Revenue rose slightly to $1.57…

Autodesk (NASDAQ:ADSK) reported fourth-quarter results that exceeded market expectations and issued fiscal 2027 guidance above analyst forecasts, lifting shares more than 2% in U.S. premarket trading. The company posted adjusted earnings per share of $2.85, surpassing analyst estimates of $2.64. Revenue increased 19% year over year to $1.96 billion, also ahead of the $1.91 billion…

Intuit (NASDAQ:INTU) delivered fiscal second-quarter results that exceeded analyst expectations, but its outlook for the current quarter fell short of market forecasts, weighing on investor sentiment. Shares of the company declined about 4% in premarket trading on Friday following softer-than-expected guidance for fiscal Q3, despite closing 3.5% higher ahead of the earnings release. The stock…

Oil prices declined during Asian trading on Friday after the United States and Iran agreed to continue negotiations over Tehran’s nuclear program, while traders also assessed the potential impact of increasing Venezuelan crude exports on global supply balances. Brent crude futures for April delivery fell 0.4% to $70.48 per barrel, while U.S. West Texas Intermediate…

Gold prices were little changed during Asian trading hours on Friday and remained on track for solid monthly gains, supported by persistent safe-haven demand amid heightened geopolitical risks and ongoing economic uncertainty. Concerns surrounding U.S. trade policy shifts, alongside worries about slowing growth across major global economies, encouraged investors to favor defensive assets, allowing bullion…

Bitcoin (COIN:BTCUSD) moved lower on Friday, reversing part of its recent rebound from weekly lows as investor risk appetite remained subdued. The world’s largest cryptocurrency is now heading toward a fifth consecutive month of significant losses. The broader cryptocurrency market largely followed Bitcoin’s direction, with digital assets also poised for notable declines in February as…