Salesforce’s second-quarter results exceeded expectations, with earnings per share coming in at $2.56 adjusted, compared to the expected $2.36. Revenue also outperformed, reaching $9.33 billion, higher than the anticipated $9.23 billion. The company’s revenue increased by 8% year over year, ending on July 31. This growth was attributed to a rise in average revenue per
The news of U.S. President Joe Biden and Chinese President Xi Jinping scheduled to speak over the phone in the “coming weeks” has sparked interest and speculation. This announcement came amidst U.S. national security adviser Jake Sullivan’s recent trip to Beijing to meet with China’s top diplomat, Wang Yi. Both sides have also mentioned plans
The stock market has been experiencing some turbulence lately, with tech giants like Nvidia and Intel making waves with their quarterly reports. Nvidia, which is down about 7% after hours, reported profit and revenue, topping Wall Street estimates. However, the stock is selling off in extended trading. On the other hand, Salesforce is up 4%
The U.S. Department of Education has revealed additional information about the upcoming rollout of the 2025-26 Free Application for Federal Student Aid (FAFSA). The new application will undergo beta testing with limited groups of students starting on October 1, before being released to all students and contributors on or before December 1. According to the
In the past week, mortgage rates experienced a decline for the fourth consecutive week. This decrease should have been a cause for celebration among current homeowners and potential homebuyers, yet the response was lackluster. The average contract interest rate for 30-year fixed-rate mortgages dropped to 6.44%, marking the lowest rate since April 2023. Despite this
In a year marked by an inflation-fueled sales slump in the toy industry, Lego stands out as a shining example of success. CEO Niels Christiansen revealed that the company’s revenue jumped by an impressive 13% in the first six months of 2024, reaching 31 billion Danish krone (about $4.65 billion). This growth is attributed to
Shares of Chinese online retailer JD.com experienced a 1.2% increase in their Hong Kong-listed shares following the announcement of a $5 billion buyback. This rise in share price outperformed the decline on the Hang Seng index, showcasing investor confidence in the company’s decision. Similarly, U.S. listed shares of JD.com saw a 2.24% increase after the
Xpeng, a Chinese electric car company, made waves in the industry with the launch of its new mass-market Mona brand, offering electric coupe models with prices starting as low as $16,812. This competitive pricing significantly undercuts Tesla’s cheapest Model 3, making it an attractive option for budget-conscious consumers. The response to the Mona M03 electric
Upon reviewing the content of the Stocks @ Night newsletter, it is evident that Nvidia’s performance has been quite impressive over the past year. With a 179% increase in stock value, Nvidia has certainly captured the attention of investors. However, the article fails to delve into the potential risks associated with such rapid growth. As
In a year where the stock market is performing exceptionally well, it is crucial to consider alternative strategies to rebalance your portfolio and secure future tax savings. One such strategy that is often overlooked is tax-gain harvesting. This tactic involves strategically selling profitable assets in your brokerage account during years with lower income, such as