Latest Market News
????Peloton Plummets!????Peloton stock is set to open -26% after reporting a deeper than expected loss in its latest earnings report. The company also cut revenue guidance and CEO Barry McCarthy warned that they are “thinly capitalized.” The stock has had a difficult year so far, with the price in January falling below its IPO price […]
Shares of RealReal Inc. REAL, -4.34% jumped more than 9% in the extended session Tuesday after the e-commerce retailer of secondhand luxury goods reported quarterly sales that topped expectations, reiterated its guidance for the year, and said it could benefit from inflation hitting new luxury goods. RealReal said it lost $57 million, or 61 cents […]
Shares of Allbirds Inc. BIRD, -8.32% fell fell more than 16% in the extended session Tuesday after the footwear and apparel maker reported wider first-quarter losses and dialed back its 2022 outlook on what it called a “tumult” disrupting its international business. Allbirds said it lost $21.9 million, or 15 cents a share, in the […]
Washington, D.C. — The Commodity Futures Trading Commission today announced that it has filed a civil enforcement action in the U.S. District Court for the Eastern District of California against Eshaq M. Nawabi of either Salida or Manteca, California and his companies Nawabi Enterprise and Hyperion Consulting Inc. The complaint charges the defendants with fraud […]
Investors are urgently sending Bitcoin into exchanges in order to either de-risk their portfolio or to protect margin positions with more collateral, according to Glassnode’s latest report. 5188 Total views 47 Total shares The number of transactions on the Bitcoin (BTC) network has spiked over the past week, with blockchain analysis firm Glassnode suggesting that […]
Gold futures finished lower Tuesday, as the U.S. dollar’s surge to its highest in two decades took a bite out of prices for the yellow metal. Gold for June delivery GC00, -0.84% [s:GCM22] shed $17.60, or 0.9%, settling at $1,841 an ounce on Comex, a day after the most-active contract booked its lowest settlement value […]