CrowdStrike, a cybersecurity software maker, recently reported strong fiscal second-quarter results that beat LSEG consensus. The company’s earnings per share came in at $1.04 adjusted compared to the expected 97 cents, while revenue reached $963.9 million against the anticipated $959 million. Despite these positive numbers, CrowdStrike’s shares slipped 4% in extended trading following the announcement
Recent data from the Kaiser Family Foundation shows a significant increase in the number of Americans aged 55 to 64 opting for Marketplace health insurance. This trend is largely driven by the fact that most Americans are not eligible for Medicare before the age of 65, making this option a crucial one for younger retirees.
The stock market has exhibited some intriguing trends over the past few days, with notable shifts in various sectors impacting the overall performance. From Nvidia’s significant market value loss to fluctuations in the semiconductor and utility sectors, there are several key takeaways to consider. Nvidia experienced a massive $279 billion loss in market value in
Young adults often face the brunt of economic downturns, with many finding themselves disconnected from the labor force. A recent report by the Federal Reserve Bank of St. Louis highlighted that approximately 16% of 18- to 24-year-olds are neither employed nor enrolled in high school or college, earning them the moniker of “disconnected youth.” Factors
Gap shares were halted Thursday morning after an unexpected early release of their quarterly earnings results. The apparel retailer had intended to post their second-quarter earnings after the closing bell on Thursday. However, Bloomberg reported that a presentation showcasing the results briefly appeared on Gap’s website in the morning, causing confusion and speculation among investors.
Warren Buffett’s Berkshire Hathaway made history by becoming the first non-technology company in the U.S. to reach a market capitalization of $1 trillion. This milestone was achieved after the company’s shares rallied over 28% in 2024, outperforming the S&P 500’s gain of 18%. The significance of this achievement is heightened by the fact that it
China’s housing market has been experiencing significant challenges, with little relief in sight. Despite various government efforts to stimulate the sector, the results have been far from satisfactory. JPMorgan’s chief China economist, Haibin Zhu, has expressed concerns that the housing market crash is far from over and that stability may not be achieved until 2025
Nvidia, a leading technology company, experienced a dip in its shares during premarket trading in the U.S. due to its fiscal second-quarter gross margin slipping slightly and falling short of high market expectations. While the company reported an impressive revenue beat in the July quarter, with over $30 billion in revenue, a 122% increase year-on-year,
Ulta Beauty faced a setback in its second-quarter performance, causing its shares to fall by 7% in extended trading. The company fell short of expectations and trimmed its full-year guidance due to a decline in same-store sales during the most recent period. This marks Ulta’s first earnings per share miss since May 2020 and its
REA Group, a property listings company owned by media mogul Rupert Murdoch’s News Corp, made waves in the real estate industry by announcing its contemplation of a takeover offer for the U.K. property portal Rightmove. The move is seen as a strategic step towards creating a global digital real estate business, with REA Group eyeing