DEXWireNews

DEXWireNews

XPeng ( NYSE:XPEV ), an electric vehicle manufacturer, is facing challenges in transitioning to a dealer-dependent sales model due to staffing adjustments and leadership shifts. Gu Yuanqin, former XPeng vice president of financial platform operations and management, has taken over as head of sales, taking over the duties of previous head of sales Wang Tong. Gu has...

DEXWireNews

Bitcoin ( CRYPTOCAP:BTC ) price surged 10% to over $69,000 this week, sparked by various factors and increasing the odds of it breaking to $75,000. This week was marked by major crypto events such as the US House passing FIT21 for crypto regulation, the anti-CBDC bill banning the Federal Reserve from issuing CBDC, spot Ether ETFs approval, and spot Bitcoin ETF...

DEXWireNews

Solana's Phantom Wallet, a popular app for accessing Solana's web3 ecosystem, has surpassed Facebook and ChatGPT in the Google Play Store's U.S. rankings. Currently ranked #11 behind Cash App and Snapchat in the free download category, it saw an estimated 770,000 downloads in April. Phantom Wallet, originally designed to hold only Solana ( CRYPTOCAP:SOL ) tokens,...

DEXWireNews

Pepe coin ( CRYPTOCAP:PEPE ), a popular meme cryptocurrency, has experienced a significant price surge, reaching a new ATH of $0.00001577. The frog-themed meme crypto has been on a bull run, with weekly gains of over 50% and an over 100% price upswing recorded over the past month. The token has gained significant investor interest and secured the 20th spot on the...

DEXWireNews

TSMC ( NYSE:TSM ), a supplier of Nvidia and Apple, has forecasted an annual revenue growth of 10% for the global semiconductor industry due to the surge in demand for artificial intelligence (AI). The company, which is a major supplier to Apple, has seen strong AI server demand, which has risen 2.5 times from last year. This is considered a "golden age of...

DEXWireNews

Dell Technologies shares ( NYSE:DELL ) hit a record high on Friday amid a rally in companies working on generative artificial intelligence applications. Nvidia, a major AI-heavyweight, posted strong quarterly results and forecasted current-quarter revenue above Wall Street expectations, reinforcing that customers' spending on genAI will continue to hold strong....

DEXWireNews

Celsius ( LSE:CEL ) has seen a significant increase in price, jumping 135% in the last 24 hours, with daily trading volume above 872%. This surge is attributed to increased bullish sentiments and whale activities. The crypto market has seen slight recovery figures after inter-day trading saw top coins lose steam. Celsius's bullish momentum has sparked a frenzy...

DEXWireNews

Qualcomm shares ( NASDAQ:QCOM ) surged by 4.31% following NVIDIA's impressive earnings report, boosting investor confidence and causing a ripple effect on $QCOM. The semiconductor industry experienced a surge as investors reacted positively to NVIDIA's robust financial performance. NVIDIA's earnings report, which beat expectations with adjusted earnings per share...

DEXWireNews

FTX's bankruptcy estate has completed the sale of $2.6 billion worth of Solana ( CRYPTOCAP:SOL ) tokens at significant discounts. Figure Markets and Pantera Capital were among the latest buyers, acquiring a block of 800,000 tokens for approximately $80 million, equating to about $102 per token. Solana ( CRYPTOCAP:SOL ) is down 3.3% on the day. Pantera Capital also...

DEXWireNews

Ross Stores ( NASDAQ:ROST ) has reported better-than-anticipated results and raised its guidance as it reduced costs. The off-price apparel and home goods retailer beat profit and sales forecasts, despite facing macroeconomic headwinds that squeezed its lower-income customers. CEO Barbara Rentler said the results came even as the company faced macroeconomic...

DEXWireNews

Deckers Outdoor's stock ( NYSE:DECK ) surged 13.56% to reach $1,000 for the first time in Q4, driven by the popularity of Ugg boots and Hoka sneakers among Americans. The company's stock has been up 35% this year, after rising 67% in 2023. In contrast, Nike has dropped 15% this year. Deckers Outdoor's stock is expected to remain bullish as it shows it can maintain...

DEXWireNews

Workday shares ( NASDAQ:WDAY ) fell 14% in extended trading on Thursday after the company provided softer-than-expected current-quarter and full-year subscription revenue guidance. The company lowered its full-year subscription revenue forecast due to elevated sales scrutiny and lower customer headcount growth. Workday ( NASDAQ:WDAY ) also announced a partnership...

DEXWireNews

Intuit, the maker of tax filing software TurboTax, reported a rise in third-quarter revenue and raised its annual forecasts due to demand for its AI-powered financial products during a robust tax season. The company's tax-preparation software, personal finance portal Credit Karma, and accounting software QuickBooks are in high demand from small businesses and...

DEXWireNews

Booz Allen Hamilton ( NYSE:BAH ) delivered strong fiscal fourth-quarter results for 2024, with earnings per share (EPS) growing by 32% to $1.33 and revenue increasing by 14% to $2.77 billion. The company also raised its outlook for fiscal 2025, forecasting adjusted EPS of $5.80 to $6.05 and revenue growth of 8% to 11%. This performance is driven by increased...

DEXWireNews

Nokia ( NYSE:NOK ) has completed the acquisition of Fenix Group, a privately held company specializing in tactical communications solutions for the defense communities yet the stock is down 2.53% on Thursday's market trading. The acquisition, announced in December 2023, strengthens Nokia's position in the defense sector by adding Fenix's broadband tactical...

DEXWireNews

Cosmetics company e.l.f. Beauty (NYSE: NYSE:ELF ) reported first-quarter earnings results that surpassed analysts' EPS expectations and revenue by 71% YoY. The company surpassed the SEED_TVCODER77_ETHBTCDATA:1B annual sales milestone in FY'24, but its operating margin missed analysts' expectations and its full-year revenue and earnings guidance missed Wall...

DEXWireNews

NASDAQ:PDD stock surged 6% on Thursday, following strong Q1 earnings for Temu parent company PDD Holdings ( NASDAQ:PDD ). Sales jumped 131% year-over-year for the March-ending quarter. On the stock market today, U.S.-listed NASDAQ:PDD stock is up 6% at 156.14 in higher than usual volume. NASDAQ:PDD Holdings includes China-focused e-commerce platform Pinduoduo...

DEXWireNews

Ripple ( CRYPTOCAP:XRP ) holders are debating the impact of the Financial Innovation and Technology for the 21st Century Act (FIT21) on the Securities and Exchange Commission (SEC) vs. Ripple lawsuit. The outcome of the lawsuit could affect Ripple's native token XRP's price and affect the payment remittance firm's institutional sales of XRP token. Attorney Bill...