Day: May 4, 2022

May 04
Livent stock rallies 14% after Q1 earnings, higher lithium prices

Livent Corp. LTHM, +2.57% shares rallied more than 14% in the extended session Tuesday after the lithium and lithium compounds producer beat Wall Street expectations for its first quarter and raised its guidance for the year, saying that demand for lithium, used in batteries of all sizes and in myriad of other products, continues to […]

May 04
Akamai stock falls 10% after mixed Q1 earnings

Akamai Technologies Inc. AKAM, +1.33% stock fell more than 10% in after-hours trading Tuesday after the cybersecurity and computing company reported a mixed first quarter. Akamai said it earned $119 million, or 73 cents a share, in the quarter, compared with $156 million, or 94 cents a share, in the year-ago quarter. Adjusted for one-time […]

May 04
Record-high surge in Ethereum Name Service domains triggers 90% rally in ENS

A handful of industries and tech workers are shifting from Web2 to Web3 and with this move, awareness of blockchain technology is also spreading. The Ethereum Name Service (ENS) is one project that is looking to help facilitate Web3 adoption by making it easier for DApp users to interact with the Ethereum network. This is […]

May 04
Oil futures rise; API data shows fall in U.S. crude, distillate, gasoline inventories: source

The American Petroleum Institute on Tuesday afternoon reported that U.S. crude-oil inventories fell 3.48 million barrels last week, a source said, while inventories of distillates dropped 4.46 million barrels and gasoline stocks were down 4.5 million barrels. The Energy Information Administration will release official inventory data on Wednesday morning. Analysts surveyed by S&P Global Platts, […]