CrowdStrike, a cybersecurity software maker, experienced a 4% decline in share value in after-hours trading following the release of its fiscal second-quarter results. Despite beating expectations in terms of earnings per share and revenue, the company revised its full-year guidance downwards due to a global outage. The company reported that its revenue had grown by
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The market turmoil on Tuesday was particularly tough on Nvidia, with the stock losing more market value in a single day than ever before. The stock plummeted by 9.5% and is now down 23.3% since June 20. However, despite this significant drop, Nvidia is still up 118% in 2024. After hours, the stock dipped another
British financial technology firm Zilch recently achieved a significant milestone by reporting its first-ever month of profit. This accomplishment comes just four years after the company was founded, making it faster than other major consumer fintech companies in the market. Zilch, which competes with industry giants like Klarna and Block in the buy now, pay
The NFL season is well underway, and with it comes an expectation of record-breaking betting activities. Projections from the American Gaming Association suggest that U.S. adults will wager a staggering $35 billion throughout this NFL season. This represents a significant increase of over 30% from the $26.7 billion wagered during the previous season. Several states,
Sports team owners across various leagues are currently experiencing a unique set of challenges when it comes to passing down their wealth to the next generation. With team values soaring into the billions and the average age of team owners on the rise, there is a growing concern about how to smoothly transition ownership to
China’s property market fluctuations and U.S. sanctions have had a significant impact on some of its cities, as revealed by the Milken Institute’s best performing cities China index. The index, which has been studying China’s large and mid-sized cities since 2015, assesses their economic vibrancy and growth prospects. The most recent version compares data from
Nvidia’s shares faced a decline in U.S. premarket trade recently, as the company’s fiscal second-quarter gross margin witnessed a slight dip. The company’s revenue beat was overshadowed by heightened expectations from investors. The stock initially dropped by 4.6% in early premarket deals but managed to recover slightly to a 1.46% decline by a specific time.
Gap shares were halted Thursday morning after its quarterly earnings results were apparently released early. The apparel retailer is set to post second-quarter earnings after the closing bell Thursday. But Bloomberg reported that a presentation showing the results briefly appeared on Gap’s website in the morning. The earnings no longer appeared to be posted on
Ulta Beauty saw its shares drop 7% in extended trading after the company reported falling short of second-quarter expectations and revised its full-year guidance due to a decline in same-store sales. The decline was a surprise to many, marking the company’s first earnings per share miss since May 2020 and its first revenue miss since
As the labor market experiences cracks and challenges, it is often young adults who feel the impact first. According to a recent report from the Federal Reserve Bank of St. Louis, approximately 16% of 18- to 24-year-olds are neither employed nor enrolled in high school or college, earning them the label of “disconnected youth.” These