Day: November 2, 2022
Cardlytics Inc. shares CDLX, -53.41% ended Wednesday’s session down 53% after the company, which provides marketing solutions, delivered a forecast that fell well short of what analysts had been expecting. JPMorgan analyst Doug Anmuth wrote following the Tuesday afternoon report that Cardlytics guided for a roughly 6% year-over-year decline in fourth-quarter revenue at the midpoint, […]
U.S. stocks gave up earlier gains to end sharply lower Wednesday, after the Federal Reserve fired off its fourth rate increase of 75 basis points in a row and signaled that monetary policy could stay restrictive for longer than earlier anticipated. The Dow Jones Industrial Average DJIA, -1.55% tumbled about 506 points, or 1.6%, to […]
Macquarie analyst Sarah Hindlian-Bowler dubbed ServiceNow Inc.’s stock NOW, -6.18% her top pick in software as she took over coverage of some names in the sector. “One of the biggest and least appreciated field actions we have seen working with ServiceNow and ServiceNow deployments is the impressive growth the company is seeing in moving from […]
Oil futures climbed on Wednesday, with U.S. prices settling at their highest in more than three weeks. Prices found support after the Energy Information Administration reported weekly declines in U.S. crude and gasoline inventories, and as recent reports said Iran may be preparing an attack on Saudi Arabia. Oil prices continued higher after the Federal […]
The crypto executive cites lower labor costs and business acquisition costs as key factors. 778 Total views 28 Total shares During a live panel at the Web Summit in Lisbon, Changpeng Zhao (colloquially styled as CZ), CEO of cryptocurrency exchange Binance, shared his viewpoint on why it’s so important for crypto projects to continue their […]
On the DeFi side of things, BNB Chain suffered a 93% decrease from Q3 of 2021 but has since shown signs of steady recovery. 1208 Total views 33 Total shares After a year-long struggle to fend off the market bears, parts of the crypto ecosystem started showing signs of recovery in the third quarter of […]
Goldman Sachs Group Inc. GS, +0.29% stock is currently up by a narrow 0.1%, but if the gains hold, it’s on track to notch its ninth straight day of gains, according to a note from Dow Jones market data analyst Mike DeStefano. Nine days would mark Goldman’s longest winning streak since Sept. 25, 2006, when […]
Shares of LL Flooring Inc. LL, -6.62% slid 7% Wednesday, after the company posted weaker-than-expected third-quarter earnings as lower spending by inflation-conscious customers weighed. Richmond, Va.-based LL Flooring, formerly called Lumber Liquidators, swung to a net loss of $3.77 million, or 13 cents a share, for the quarter, after income of $8.78 million, or 30 […]
The Washington Commanders on Wednesday said they’ve hired Bank of America BAC, +0.76%, in a move viewed as a step toward a possible sale of the troubled NFL franchise. “Dan and Tanya Snyder and the Washington Commanders announced today that they have hired BofA Securities to consider potential transactions,” a Commanders statement said. “The Snyders […]
Barclays PLC BCS, -0.64%, Citibank Inc. C, -0.22% and Deutsche Bank AG DB, +0.57% lost money in currency hedges issued to Prosus after its acquisition of India-based payments company BillDesk fell through, The Wall Street Journal reported Wednesday. Prosus bought derivatives to protect against currency swings for the roughly $4.7 billion deal, but its bid […]
