Category: Latest News

Dexcom (NASDAQ:DXCM) – The continuous glucose monitor company reported second-quarter revenue of $1 billion, below the estimate of $1.04 billion, according to LSEG. Adjusted earnings per share of 43 cents were better than the estimated 39 cents. However, Dexcom issued a reduced annual revenue forecast of $4 billion to $4.05 billion. Dexcom shares plummeted 36.90%…

ETF and cryptocurrency movements On the second trading day, Ethereum ETFs displayed mixed results: Fidelity’s ETF (AMEX:FETH) led with $74.5 million in inflows, followed by Grayscale Ethereum Mini Trust ETH (AMEX:ETH) with $45.9 million. Grayscale Ethereum Trust ETH (AMEX:ETHE) saw a significant withdrawal of $326.9 million. Overall, the net change was a loss of $133.3…

The major U.S. index futures are currently pointing to a modestly lower open on Thursday, with stocks likely to see further downside following the sell-off seen in the previous session. After ending Tuesday’s choppy trading session modestly lower, stocks showed a more substantial move to the downside during trading on Wednesday. The tech-heavy Nasdaq showed…

U.S. index futures are mixed in pre-market trading on Thursday following a sharp tech sector sell-off the previous day. At 5:17 AM, Dow Jones futures (DOWI:DJI) rose 85 points, or 0.21%. S&P 500 futures lost 0.01%, and Nasdaq-100 futures fell 0.10%. The 10-year Treasury yield stood at 4.228%. In commodities, West Texas Intermediate crude for…

Ford Motor (NYSE:F) – The global automaker reported adjusted earnings per share of $0.47 in the second quarter, below the $0.67 expected, impacted by ongoing warranty issues. Revenue increased 6.2% to $47.8 billion, exceeding expectations. Warranty costs rose by $800 million due to quality problems, affecting financial performance. EBIT profit forecast for 2024 remains between…

Ferrari expands cryptocurrency payments to European dealerships Ferrari (NYSE:RACE) plans to extend its cryptocurrency payment scheme to European dealerships by the end of this month, following a successful launch in the United States last year. This initiative will enable luxury sports car buyers to make digital payments, meeting growing demand from wealthy clients. The strategy…

The Commerce Department is scheduled to release its report on new home sales in the month of June at 10 am ET. New home sales are expected to climb to an annual rate of 640,000 in June after plunging to a rate of 619,000 in May. At 10:30 am ET, the Energy Information Administration is…