The tech sector has been in the spotlight recently, with companies like Marvell Technology and Nvidia making significant moves in the market. Marvell reported better-than-expected revenue, causing its stock to rise about 8% after hours. Despite this positive news, Marvell is still down 18% from its March high. On the other hand, Nvidia saw a
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American Eagle reported a second-quarter miss on Wall Street’s sales targets, however, profits saw a significant increase of nearly 60% primarily due to lower product costs. Despite this positive news, the company’s shares took a hit and fell by approximately 3% in early trading on Thursday. American Eagle’s earnings per share came in at 39
In today’s society, the concept of ownership is being challenged like never before. Americans are increasingly opting to rent items ranging from cars and apartments to clothing and furniture. According to a report by Intuit Credit Karma, more adults are choosing to rent goods and services, with 28% routinely renting items. However, when housing is
MongoDB saw a significant increase in its shares, rising up to 16% in extended trading following the release of their fiscal second-quarter earnings report. The company reported adjusted earnings per share of 70 cents, surpassing analysts’ expectations of 49 cents per share. Additionally, MongoDB’s revenue for the quarter reached $478.1 million, slightly exceeding the projected
Despite the increase in mortgage interest rates, home prices have reached an all-time high according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. The index revealed that on a three-month running average ending in June, national prices were up by 5.4% compared to June 2023. This marks a record high for the index,
As the season of fall foliage and pumpkin spice lattes approaches, the job market may also be turning over a new leaf. Career experts have noticed a trend known as the “September surge,” where more job postings become available after Labor Day. This surge is attributed to the end of a summer slowdown when job
Chinese President Xi Jinping recently met with U.S. national security advisor Jake Sullivan to discuss the importance of improving relations between China and the United States. Xi emphasized China’s commitment to a stable, healthy, and sustainable relationship with the U.S., despite the escalating tensions between the two countries in recent years. During the meeting, Xi
Dollar General, a well-known discount retailer, faced a significant setback as its shares plummeted due to a reduction in its sales and profit forecasts for the year. This unexpected turn suggests that their customer base, which mainly consists of individuals with lower incomes, is encountering financial difficulties in the current economy. Revised Guidance The company
The cannabis market in New York City has taken a significant turn with the emergence of upscale marijuana dispensaries. Shoppers strolling down Fifth Avenue can now not only browse through luxury brands like Cartier and Saks but also pick up pre-rolled, New York state-grown marijuana joints from licensed dispensaries. The legalization of adult-use marijuana in
In a recent turn of events, airlines that have historically been eager for new aircrafts are now facing financial struggles that are causing them to rethink their growth strategies. Cash-strapped and low-cost airlines such as Spirit Airlines, JetBlue Airways, and Frontier Airlines have all reported losses and are deferring deliveries of new aircraft in an