Wall Street appears to be shrugging off rate worries as major stock index futures were moderately higher in early pre-market trading on Monday in the hopes of getting some respite from Big Tech earnings. Oversold conditions could be attracting bargain hunters…
Shares of Netflix, Inc. (NASDAQ:NFLX) fell sharply in after-hours trading on Thursday following its first-quarter earnings release. Fund manager Gary Black and tech venture capitalist Gene Munster weighed in with their takes on the report. The company reported first-quarter earnings, revenue, and subscriber numbers that all beat estimates. However,…
Netherlands-based critical chipmaking firm ASML Holding NV (NASDAQ: ASML) reported a fiscal first-quarter 2024 net sales of €5.29 billion, down 21.6% year-on-year. In USD, sales of $5.75 billion missed the consensus of $6.13 billion. Net bookings for the first quarter were €3.61 billion, compared…
Wedbush Securities analyst Daniel Ives predicts a seismic shift in IT spending towards AI and related technologies. He estimates that such purchases will account for 8%-10% of IT budgets in 2024, a big jump from less than 1% in 2023.…
Prominent cryptocurrency analyst Willy Woo suggests a potential Bitcoin (CRYPTO: BTC) could take the apex crypto to between $71,000 and $75,000 due to short liquidations. What Happened: According to Woo, Bitcoin is currently teetering on a critical support level at…
Cryptocurrency exchange OKX has announced the listing of two popular Solana (CRYPTO: SOL) meme coins, Dogwifhat (CRYPTO: WIF) and Cat in a Dog’s World (CRYPTO: MEW). What Happened: This move comes as meme coins continue to surge in popularity, with…
Hyundai Motor‘s (OTC:HYMTF) sister company Kia has reportedly initiated a cash incentive program for its U.S. dealers in a bid to clear inventory and increase sales. What Happened: Kia’s sales of electric vehicles (EVs) saw a significant increase in the…
Goldman Sachs Group, Inc. (NYSE:GS) is set to release earnings results for its first quarter before the opening bell on April 15, 2024. Analysts expect the New York-based investment bank to report quarterly earnings at $8.56 per share, down from…
Meme coins, the often-mocked cryptocurrency phenomenon built around viral internet jokes, are attracting a new wave of attention thanks to their potential role in Web3 adoption. What Happened: Paul Veradittakit, an investor at venture capital firm Pantera Capital on Friday…
Morgan Stanley analyst Adam Jonas on Thursday reiterated his positive outlook for EV giant Tesla (NASDAQ:TSLA) despite increased earnings pressure and forecasts of increased volatility in the near term. What Happened: Jonas expects heightened volatility for Tesla stock in the next six months,…
