News
Unity Software Inc.’s. stock U, -4.47% plummeted 29.3% in extended trading Tuesday after the software company reported fiscal first-quarter results that were largely in line with Wall Street analysts’ forecasts, but issued poor second-quarter and fiscal year revenue guidance. Unity reported a net loss of $177.6 million, or 60 cents a share, compared with a […]
Some stabilization in risk demand after yesterday’s sell-off is helping currencies correlated with economic growth expectations (high-beta currencies) to regain some of what they lost yesterday. Against this backdrop, the dollar’s rally is being thwarted, but any correction lower could be met with strong support as the Fed has taken a major lead in the […]
CIBCFX FlowsEarly birds paid $YEN up to 130.575, no headlines, one Japanese friend said to me he saw US banks hitting the offers. I believe the move could be due to the positive start in the US equity futures. Things turned sour, e-minis pared gains and $YEN reversed back. Demand for the Tokyo fix cushioned […]
????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 […]