May 8, 2025 2:02 pm
Key Moments: Coinbase has agreed to acquire Deribit in a $2.9 billion deal combining cash and stock. Coinbase aims to strengthen its global reach in the crypto derivatives space. The crypto giant’s shares rose sharply following the disclosure, jumping 5.63% on Thursday. Coinbase Sets Sights on Offshore Derivatives Expansion Coinbase Global has agreed to purchase […]
Read moreMay 8, 2025 11:58 am
Key Moments: Shopify projected second-quarter revenue growth in the mid-twenties percentage range, exceeding average estimates of 22.4%. Gross profit is expected to rise at a high-teen percentage rate. This forecast fell short of analysts’ expectations of a 20.2% increase. Shopify’s US shares declined more than 9% during pre-market hours. Shopify Sets Optimistic Tone for Q2 […]
Read moreMay 8, 2025 10:38 am
Infineon Technologies trimmed its full-year revenue outlook due to concerns relating to global tariffs. The forecast cut did not affect investor confidence, as the company’s shares appreciated by 4% on Thursday. According to JP Morgan, the updated guidance remained consistent with the expected figures. Guidance Cut Reflects Tariff-Driven Uncertainty Infineon Technologies, a major semiconductor manufacturer […]
Read moreMay 8, 2025 9:47 am
Key Moments: The Pakistan Stock Exchange closed for one hour on Thursday due to overwhelming negative sentiment. The sell-off resumed upon its reopening, with Pakistan’s benchmark KSE 100 shedding around 8.400 basis points, while the KSE 30 plummeted by more than 7%. Pakistan’s military reported downing 12 drones from India after cross-border airstrikes Market Disruption […]
Read moreMay 8, 2025 7:49 am
Key Moments: President Trump has scheduled a press conference to announce a major trade deal, widely expected to be with the UK. The UK and US have been engaged in intense negotiations since February, with potential tariff cuts on autos and steel reportedly on the horizon. The FTSE 100 rose on early Thursday, gaining 0.2%. […]
Read moreMay 8, 2025 6:59 am
Key Moments: Futures on the Nasdaq 100 index rose almost 1% on Thursday. S&P 500 futures climbed 0.65%, while Dow futures added 190 basis points amid a 0.46% increase. The Federal Reserve maintained its benchmark rate, citing growing inflation and unemployment risks. Markets React to Cautious Fed Stance US stock futures edged higher on Thursday […]
Read moreMay 7, 2025 2:19 pm
Key Moments: CrowdStrike disclosed it will reduce its global workforce by 5%, eliminating approximately 500 roles. The company attributed the layoffs to productivity gains driven by artificial intelligence. Estimated restructuring charges range from $36 million to $53 million, spanning the first two quarters of fiscal 2026. CrowdStrike’s shares fell over 5% on Wednesday. Strategic Workforce […]
Read moreMay 7, 2025 12:44 pm
Key Moments: Novo Nordisk’s total revenue for Q1 2025 rose 18% year-over-year to 78.1 billion Danish crowns. The company lowered its full-year guidance for both sales and operating profit due to US market challenges. Shares on the NYSE climbed over 5% during pre-market hours despite guidance revisions. Q1 Growth Defies Weaker US Demand Novo Nordisk […]
Read moreMay 7, 2025 11:51 am
Key Moments: Disney’s EPS beat analyst estimates and reached $1.45. Revenue climbed to $23.62 billion, topping the forecasted $23.17 billion The company raised its fiscal year adjusted EPS guidance to $5.75, signaling a 16% gain over fiscal 2024. Disney’s stock soared 6.12% before Wednesday’s opening bell. Stronger-Than-Expected Q2 Results Wednesday witnessed The Walt Disney Company […]
Read moreMay 7, 2025 9:22 am
Key Moments: Revolve Group’s shares fell 10.77% in after-hours trading following a revenue miss. Revenue hit $296.71 million, below the analyst consensus of $297.56 million. Q1 adjusted earnings per share came in at $0.16. Full-year 2025 gross margin guidance now stands at 50.0-52.0%, down from prior estimates of 52.4-52.9%. Revenue Disappointment Weighs on Investor Sentiment […]
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