Category: Latest News
-
Analog Devices Shares Up 5% As Q1 Revenue Beats Estimates
Semiconductor manufacturer Analog Devices (NASDAQl:ADI) has beaten Wall Street’s expectations for revenue and profit, the company announced on Wednesday, driven by a recovery in chip demand, particularly in the consumer segment. The company’s shares rose 5% in premarket trading. Analog Devices provides semiconductors to a variety of industries, such as aerospace, automotive, communications, digital healthcare…
-
Bumble Shares Fall 13% In After-hours Trading on Weak Revenue Forecast
Shares in Bumble Inc (NASDAQ:BMBL) fell 13% after hours on Tuesday following a weaker-than-expected revenue forecast for the first quarter issued by the dating app company. Bumble expects its revenue for the first quarter of 2025, to come between $242 million and $248 million, falling short of analysts’ expectations of $257.2 million. The company expects…
-
New Residential Construction Pulled Back More Than Expected In January
After reporting a substantial increase by new residential construction in the U.S. in the previous month, the Commerce Department released a report on Wednesday showing housing starts pulled back by more than expected in the month of January. The Commerce Department said housing starts plunged by 9.8 percent to an annual rate of 1.366 million…
-
Profit Taking, Tariff Concerns May Lead To Pullback On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Wednesday, with stocks likely to move back to the downside after ending yesterday’s choppy trading session slightly higher. Profit taking may contribute to an initial pullback on Wall Street after yesterday’s slim gains lifted the S&P 500 to a new record…
-
S&P 500 Finishes Choppy Trading Day At Record Closing High
Stocks showed a lack of direction throughout much of the trading session on Tuesday, extending the lackluster performance seen during last Friday’s session. The major averages moved to the upside going into end the day, however, with the S&P 500 reaching a new record closing high. The major averages all posted modest gains on the…
-
Bitcoin Grinds Down, FTX Payouts Begin Today Which Could Move The Price
After three days of a slow grind downwards, Bitcoin (COIN:BTCUSD) perked up a bit this morning, but the optimism didn’t last. Today’s trading session shows the price going back and forth as if it just can’t make its mind up where it wants to be. BTC just can’t seem to break through the $100,000 resistance…
-
Regional Manufacturing Activity Turns Around In February
A report released by the Federal Reserve Bank of New York on Tuesday showed a turnaround by regional manufacturing activity in the month of February. The New York Fed said its general business conditions index jumped to a positive 5.7 in February from a negative 12.6 in January, with a positive reading indicating growth. Economists…
-
U.S. Stocks May Add To Last Week’s Strong Gains In Early Trading
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to move to the upside as trading resumes following the Presidents’ Day holiday on Monday. The markets may continue to benefit from the upward momentum seen last week, which lifted the Nasdaq and the S&P 500 back within…
-
U.S. Stocks Turn In Mixed Performance But Post Strong Weekly Gains
Following the rally seen during Thursday’s session, stocks turned in a relatively lackluster performance during trading on Friday. The major averages bounced back and forth across the unchanged line before eventually ending the day mixed. While the tech-heavy Nasdaq climbed 81.13 points or 0.4 percent to 20,026.77, the S&P 500 (SPI:SP500) edged down 0.44 points…
-
U.S. Retail Sales Fell More Than Expected In January, Reflecting Slump In Auto Sales
Partly reflecting a slump by auto sales, the Commerce Department released a report on Friday showing retail sales in the U.S. fell by much more than expected in the month of January. The report said retail sales slid by 0.9 percent in January after climbing by an upwardly revised 0.7 percent in December. Economists had…