Evan Spiegel, CEO of SNAP Inc. Stephen Desaulniers | CNBC Snap’s stock fell more than 5% in after-hours trading on Thursday after the company reported its fourth-quarter earnings despite beating Wall Street’s expectations on earnings, revenue and user growth. But the company provided a first-quarter adjusted EBITDA forecast that was much lower than analysts’ consensus
It was a solid day at the end of what has been a very solid week on Wall Street. The S&P 500 and Dow posted five days in the green in a row. The Nasdaq 100 and S&P 500 both hit fresh all-time highs on Friday. A solid day at the end of what has
Dollar drops broadly in early US session after much smaller than expected non-farm payroll job growth, even though unemployment dipped notably. Canadian Dollar is some what pressured today after larger than expected job losses. But Yen is the one following the greenback as second weakest. Australian Dollar and Euro are trying to regain some grounds
WTI crude oil futures for March delivery settle up $0.62 or 1.10% The price of WTI crude oil futures settle at $56.85. That is up $0.62 or 1.1%. The high for the day reached $57.29. The low extended to $56.43. For the week, the price moved higher on each successive day. The low was on
IMG Georgieva: US has fiscal space to take further action to support economy Coming Up! Title text for next article LON SDNY+11 NY -5 TYO +9 GMT IMF Georgieva speaking US has fiscal space to take further action to support economy, supports Bidens determination to focus relief on vaccinations, support unemployed we have to be
Bitcoin’s (BTC) correction from its January high has not shaken the confidence of institutional investors. According to Glassnode analysts, the number of whales holding more than 1,000 Bitcoin has increased by 200 this year. Along with the institutions, several high profile investors have also committed money to the crypto sector. Hedge fund manager Paul Tudor
Oil hit its highest level in a year on Friday, closing in on $60 a barrel on economic revival hopes and supply curbs by producer group OPEC and its allies. New orders for U.S.-made goods rose more than expected in December, pointing to continued strength in manufacturing. The U.S. Congress is also moving ahead on
Cars line up to pick up food boxes at the Athens County Fairgrounds in Athens, Ohio on Dec. 19, 2020. BRAD LEE | AFP | Getty Images Long-term unemployment is edging toward a historical peak, almost a year into the pandemic-fueled downturn. Workers are deemed to be “long-term unemployed” when their jobless spell is longer
Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. Jeenah Moon | Bloomberg | Getty Images Peloton on Thursday reported quarterly sales growth of 128%, marking its first billion-dollar quarter, as the momentum keeps climbing for the at-home fitness equipment
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In this video we go over the basics of the currency market – the largest market in the world which trades over $200 billion every hour globally. From the building blocks of what currency pairs are and how they trade together to what buying and selling a pair actually means we cover the things underpinning
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NYSE:CCIV dropped by 7% in early trade on Thursday. Investors had hoped for more news on Lucid merger. Merger talks may yet lead to something but longer timeframe. Update February 4, GMT 19:30: While investors await an announcement on an illusive merger deal, CCIV bulls had taken the price to fresh highs on Wall Street. The price
Return of risk-on markets, after some solid economic data, pushed S&P 500 and NASDAQ to new record highs overnight. Yen and Swiss Franc trade broadly lower naturally but Euro was not far behind. Commodity currencies, while firm, are so far overwhelmed by Sterling and Dollar. In particular, the greenback will look into today’s non-farm payroll
EUR/GBP broke to fresh lows since May last year below 0.8800 yesterday Invest in yourself. See our forex education hub. After having flirted with a break of key support around 0.8866-67 at the start of the year, sellers are gathering more momentum in shoving the pair lower this week. The nudge lower below 0.8800 comes
The greenback loses some ground to start European morning trade A couple of key levels to eye for the dollar in EUR/USD and USD/JPY this morning, as we are seeing the former move up from 1.1970 to 1.1982 while the latter is backing off slightly from 105.60 to 105.45 currently. Those are the two key
NEW DELHI: Gold and silver futures prices gained on Friday tracking the trend in the international market and investors buying at lower levels ahead of RBI policy meet outcome scheduled later in the day. Meanwhile, Democrats in the US Senate were poised on Thursday to take a first step toward the ultimate passage of President
A passing car carrier is reflected in the grille of a 2017 Ford Motor Co. F-150 pickup truck on display at the Sutton Ford Lincoln car dealership in Matteson, Illinois. Daniel Acker | Bloomberg | Getty Images DETROIT – Ford Motor is expected Thursday to report a loss for the fourth quarter due to the