RackSpace stock jumps 15% after earnings beat
Shares of RackSpace Technology Inc. (RXT) were in the spotlight Wednesday after the cloud-computing company reported better-than-expected fourth-quarter results. The stock rallied more than 15% in the extended session, as investors cheered the news. RackSpace reported a net loss of $214 million, or $1.01 a share, in the fourth quarter of 2021, compared with a […]
AUD/USD extends recovery to near 0.6840 as investors digest hawkish Fed minutes
The AUD/USD pair has been on the rise in the Asian session, extending its recovery to near 0.6840. The Aussie asset has gained strength as investors have overlooked the volatility caused by the release of the hawkish Federal Open Market Committee (FOMC) minutes. This has been reflected in the S&P500 futures, which have seen a […]
Only 0.04% of Ethereum validators have been slashed since 2020, says core dev
The Ethereum ecosystem has seen only 226 validators slashed since the launch of the Beacon Chain on Dec. 1, 2022 — amounting to just 0.04% of 524,060 validators, according to an Ethereum core developer. Slashing is a process where a validator breaches the proof-of-stake consensus rules, which often results in the removal of that validator […]
Bumble stock drops after company reports wider Q4 loss
Bumble Inc. (BMBL) shares dropped nearly 7% in the extended session Wednesday after the online dating company reported mixed quarterly results. The company reported a fourth-quarter loss of $159 million, or 85 cents a share, compared to the year-ago period’s loss of $14 million, or 7 cents a share. Revenue rose 17% to $241.6 million, […]
EUR/JPY sees a downside below 143.00 ahead of Japan’s inflation and BoJ Ueda speech
The EUR/JPY is trading in a back-and-forth pattern around the 143.00 level in the Asian session. Investors are keeping a close eye on the Bank of Japan (BoJ) Governor nominee Kazuo Ueda’s speech, scheduled for Friday. It is expected that Ueda will discuss the transition from the decade-long ultra-loose monetary policy managed by the BoJ. […]
Sam Bankman-Fried’s Political Activity Will Cast a Long Shadow
Sam Bankman-Fried was one of the most active advocates of cryptocurrency in Washington D.C. He made great efforts to be the “acceptable face” of crypto and his political maneuvers will cast a long shadow over the industry. The tech mogul, who now spends his time under house arrest awaiting trial, was the second biggest donor […]
Moderna stock pops after cancer-vaccine candidate gets FDA breakthrough designation
Moderna Inc. (MRNA) and Merck Inc. (MRK) shares experienced a boost in after-hours trading on Wednesday, following the announcement that a cancer-vaccine candidate of the two pharmaceutical companies had been granted the “breakthrough therapy” designation from the Food and Drug Administration (FDA). This designation allows for expedited review of a candidate, and was granted after […]