US stock index futures moved modestly higher on Thursday after a stronger-than-expected labor market report eased fears of an economic slowdown, though investors grew more cautious about the outlook for Federal Reserve interest-rate cuts. Markets are now focused on upcoming inflation data and corporate earnings for further direction.The January jobs…
The number of Americans filing new claims for unemployment benefits declined less than expected last week, suggesting the US labor market remains resilient despite signs of cooling hiring momentum and recent weather-related disruptions.Seasonally adjusted initial jobless claims fell by 5,000 to 227,000 in the week ending February 7, the Labor…
Nebius Group (NASDAQ: NBIS) is inching down this morning after reporting $227.7 million in revenue on a $249.6 million loss for its fourth financial quarter (Q4).The headline numbers – a revenue miss and a widened net loss – sent a wave of jitters through the trading floor, causing the company’s…
Fastly Inc (NASDAQ: FSLY) just reported its first profitable year on a non-GAAP basis, triggering what many media reports are framing as a “short squeeze”.In Q4, the cloud-computing company saw revenue pop 23%, helping its per-share earnings come in at 12 cents – more than double the 6 cents that…
Gold and oil prices tumbled on Thursday in a volatile session as traders assess geopolitical tensions and positive economic data. Gold prices slipped more than 2% and silver plunged 7% as stronger US employment data prompts traders to push back expectations for an early Federal Reserve (Fed) interest rate cut.Oil prices…
Investors are bailing on Cisco (NASDAQ: CSCO) this morning despite it posting “record” revenue and coming in ahead of earnings estimates in its fiscal Q2.What’s dampening sentiment is the management’s conservative guidance for the current quarter, and the rising memory and AI hardware costs-driven decline in adjusted gross margins to…
Europe’s corporate and legal landscape saw a sharp turn on Thursday, with Nuveen agreeing to buy Schroders in a landmark deal ending centuries of family control.Thames Water is scrambling for fresh funding to stave off nationalization, and the BBC is facing a legal setback in a high-stakes US lawsuit.Meanwhile, Amazon…
Washington moved to wind down a controversial immigration surge in Minnesota as federal agents began pulling back after weeks of backlash.Markets, meanwhile, remain tense: Bitcoin is stuck near $65,000 as traders debate whether another leg lower lies ahead.In corporate news, SoftBank-backed PayPay has filed for a blockbuster US IPO, while…
AppLovin stock price retreated by over 6% in the extended hours after the technology giant published its financial results and maintained a positive outlook despite the rising fears of AI disruption. APP dropped to $429 after ending the day at $455.AppLovin growth accelerated AppLovin, a top software in the advertising industry,…
Hubspot stock price has been in a freefall in the past few months, making it one of the worst-performing companies in Wall Street. HUBS has dropped from a high of $880 in February last year to the current $200, erasing billions of dollars in value as the market capitalization plunged…