Carvana drives past expectations, slashes debt and posts first annual profit
Carvana went into overdrive on Friday, shares surging nearly 40% after the online used-car retailer hit a major milestone, posting its first annual profit. This [more…]
Category: U.S.
Venezuelan PDVSA bonds plunge as New York court rules on validity
In a turn of events, Venezuelan PDVSA bonds have taken a nosedive following a New York court ruling that their validity must be determined by [more…]
DraftKings beats the odds, revenue up despite NFL setbacks, raises 2024 guidance
DraftKings, the popular sports betting company, faced a challenging quarter as it fell short of Wall Street’s expectations. Despite missing estimates on both the top [more…]
Coinbase up12% as the company reports first profit in two years
Coinbase surged 12% on Friday in U.S. premarket trading after the company revealed its first profit in two years. The largest U.S. exchange for buying [more…]
Bitcoin market cap surpasses $1 trillion as price hit $51,000 mark
On Wednesday, the total value of all bitcoins in circulation exceeded $1 trillion for the first time since late 2021. This milestone was accompanied by [more…]
Lyft stocks higher despite earnings report error
In a rollercoaster of events, Lyft shares were 20% higher in premarket trade Wednesday, retaining some gains after the company announced a major error in [more…]
Bitcoin price surges above $50,000, its highest level in over two years
Bitcoin, the world’s most famous cryptocurrency, is making headlines again, soaring past the $50,000 mark on Monday, its highest level in over two years. The [more…]
Mexico surpasses China as top source of U.S. imports for first time in over two decades
The winds of trade are shifting, as Mexico emerges as the United States’ leading source of imported goods, surpassing China for the first time in [more…]
Snap shares plummet 30% after missing revenue estimates
Snap shares tumbled by 30% in Wednesday morning trading, following the release of the company’s fiscal fourth-quarter earnings report. The stock decline came after Snap [more…]
McDonald’s reports mixed quarterly results
McDonald’s Corporation faced mixed results in its quarterly report, with turmoil in the Middle East impacting its sales in those markets. The fast-food giant’s shares [more…]