Federal Reserve Chair Jerome PowellSamuel Corum/Getty Images Indexes rose Thursday to continue a post-election rally after the Fed cut interest rates. The Fed cut rates by 25 basis points, a …
Cryptocurrency News
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Cryptocurrency News
The stock market is entering ‘Crazy Town’ as valuations reach generational high, Stifel says
by skolnesiStock; Rebecca Zisser/BI Stock market valuations are near generational highs, Stifel’s Barry Bannister says. Bannister predicts the S&P 500 could rise to the low-6,000s before plummeting back down. He said …
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(Reuters) – Icahn Enterprises LP (IEP) plans to raise its stake in U.S. oil refiner CVR Energy by more than 20%, the Wall Street Journal reported on Thursday. The company, …
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(Bloomberg) — Asian equities were set to climb Friday after a cross-asset rally in the US lifted stocks, bonds and commodities as the Federal Reserve cut interest rates. Most Read …
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Arista Networks Stock Tumbles in Late Trading After Reporting Earnings
by skolnesArista Networks (ANET) shares tumbled in extended trading Thursday as the cybersecurity firm reported shrinking margins, despite profits that topped Wall Street’s expectations. The cloud networking giant saw revenue grow …
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This is breaking news. Check back for more updates. Block’s shares were reeling Thursday, falling nearly 10% in after hours trading after reporting third quarter revenue of $5.98 billion, lower …
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Block (NYSE:SQ) reported third-quarter earnings that met expectations, but revenue fell short of analyst estimates, sending shares down 10% in after-hours trading. The financial technology company, formerly known as Square, …
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Editor’s note: This story has been updated to correct the name of the Bernstein analyst covering Ford. Ford Motor Company (NYSE:F) shares are trading lower on Thursday. Bernstein analyst Daniel …
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Rivian posts Q3 revenue miss; full-year loss projection widens, but ‘modest gross profit’ still expected in Q4
by skolnesRivian (RIVN) reported third quarter revenue that missed the mark and a wider-than-expected loss as the pure-play adventure electric vehicle maker was burdened by a supplier parts issue. Though the …
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Cryptocurrency News
S&P 500, Nasdaq hit records as Fed cuts rates, post-election rally rolls on
by skolnesA tech-led rally brought new record highs for the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) Thursday as investors digested a fresh interest rate cut from the Federal Reserve and …