Marqeta shares dive as first-quarter forecast comes up shy of expectations
Shares of payments-tech provider Marqeta Inc. (MQ) experienced a sharp drop in after-hours trading on Tuesday after the company forecasted first-quarter sales growth that was slightly lower than analysts’ estimates. Marqeta’s technology helps facilitate online card payments across customers, apps, and merchants, and the company expected first-quarter sales growth of 26% to 28%. Unfortunately, this […]
USD/JPY Price Analysis: Eyes another battle with the key DMAs above 136.00
Rewrite and expand this content to 800 words USD/JPY prints mild gains around 136.30-40 during early Wednesday morning in Europe. In doing so, the Yen pair snaps the previous two-day losing strea
Duolingo stock climbs as results, outlook exceed estimates
Duolingo Inc. (DUOL) saw its stock rise 7% in after-hours trading Tuesday, following a 2% increase earlier in the day to close at $90.79. This was in response to the company’s impressive fourth-quarter results and outlook, which beat Wall Street expectations. Duolingo, a language-learning app, reported a net loss of $13.9 million, or 35 cents […]
Bitcoin Layer 2 Protocol Stacks, Ethereum Staking Derivative Tokens Surge
January’s crypto market euphoria quickly evaporated in February as investors sent prices of most, major digital assets down. This retreat coincided with a cascade of concerning inflation and jobs data, starting with a lukewarm Consumer Price Index (CPI) in the first half of the month and continuing with an alarming steadiness in jobless claims and […]
GoodRx stock surges 15% after earnings beat
GoodRx Holdings Inc. GDRX shares experienced a surge in the extended session on Tuesday after the consumer-targeted digital healthcare platform reported better-than-expected results for the quarter. The shares of the company rallied as much as 15% in the after-hours trading session, following a 1.5% rise in the regular session to close at $5.29. The company […]
Ark Invest’s Cathie Wood Sticks with Crypto, Says Bitcoin and Ethereum Are ‘on the Right Track’
Cathie Wood, the CEO of asset management firm Ark Invest, has declared that she will stick with her crypto investments, praising Bitcoin (BTC) and Ethereum (ETH) as decentralized blockchains that have given her confidence in the space. Speaking with CNBC on Monday this week, Wood praised Bitcoin in particular for being the most decentralized and […]
Ambarella stock down sharply after outlook falls short
Ambarella Inc.’s stock price took a tumble after hours on Tuesday, dropping almost 7%, after having risen 2% in the regular session to close at $94.31. The semiconductor company had released its fourth-quarter results, which showed a net loss of $11.1 million, or 29 cents a share, compared to a net loss of $9.2 million, […]
SEC, CFTC Charge FTX’s Singh With Fraud Following Criminal Plea
In late 2021, when Bankman-Fried, the founder and CEO of FTX, a cryptocurrency derivatives exchange, realized that the platform was $50 million short of his ambitious goal of earning one billion dollars in annual revenue, he instructed his Chief Financial Officer, Singh, to transfer funds from another entity that he controlled. The purpose of this […]
Gold futures post first monthly decline since October
Gold futures rose on Tuesday, but registered their first monthly loss in four months. Investors were likely seeking shelter from inflation pressures in the commodity complex, including gold, according to Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. Gold for April delivery GCJ23 rose $11.80, or nearly 0.7%, to settle at $1,836.70 an […]
Potential to reach recent peaks in the mid-1.24s – Scotiabank
The British Pound to US Dollar exchange rate surged higher on Wednesday, closing the day above the key 1.2000 level. This was welcomed by economists at Scotiabank, who believe that the pair could extend its rally even further, with the potential to reach the mid-1.24s. The bullish move was driven by a “bullish outside range” […]