DEXWireNews

DEXWireNews

Home Depot (NYSE: NYSE:HD ), the largest home improvement retailer in the U.S., is set to report its Q2 2024 earnings on Tuesday, with analysts projecting slight declines in revenue and profit compared to the same period last year. With inflation impacting consumer spending, particularly on big-ticket home improvement projects, Home Depot (NYSE: NYSE:HD )is...

DEXWireNews

In the latest development in the crypto world’s legal drama, Three Arrows Capital (3AC), once one of the most prominent hedge funds in the industry, has filed a staggering $1.3 billion claim against the now-bankrupt Terraform Labs. The claim adds a new layer of complexity to the already convoluted legal struggles surrounding Terraform Labs and its founder, Do...

DEXWireNews

KeyCorp (NYSE: NYSE:KEY ) saw its stock price surge by 13% after announcing a significant $2.8 billion investment from the Bank of Nova Scotia (Scotiabank). This strategic partnership, which will see Scotiabank acquire a 14.9% stake in KeyCorp, marks a pivotal moment for both institutions as they navigate the complexities of the North American banking...

DEXWireNews

Canada's Barrick Gold Corp (NYSE: TVC:GOLD ), one of the world's largest gold miners, has once again proven its resilience and operational strength, delivering impressive Q2 2024 results that surpassed market expectations. In a period marked by economic uncertainty and fluctuating commodity prices, Barrick's strategic focus on efficient production and cost...

DEXWireNews

Recently, Tyler Winklevoss, one half of the famous Winklevoss twins, extended his support to this often-overlooked privacy coin, asserting that it embodies the essential principles of a free and open society. His endorsement could mark a turning point for ZCash ( SEED_DONKEYDAN_MARKET_CAP:ZEC ), thrusting it into the limelight of the crypto world. ZCash: A...

DEXWireNews

For investors who prioritize dividends as a critical component of their wealth-building strategy, Walmart Inc. (NYSE: NYSE:WMT ) stands out as a company worth serious consideration. With the ex-dividend date fast approaching in just four days, there’s an immediate opportunity for those who act swiftly to secure their place in receiving Walmart’s next dividend...

DEXWireNews

The Trade Desk ( NASDAQ:TTD ), a leading player in the ad tech industry, has set a bullish tone for the third quarter of 2024, forecasting revenue that surpasses analysts' expectations. The company projected at least $618 million in revenue, significantly higher than the average estimate of $604.2 million, according to data from LSEG. This optimistic outlook has...

DEXWireNews

Nikola Corporation (Nasdaq: NASDAQ:NKLA ), a key player in zero-emissions transportation, has demonstrated remarkable resilience and strategic acumen in its recent quarterly performance. The electric truck manufacturer reported better-than-expected financial results for Q2 2024, marked by a significant revenue surge and robust demand for its hydrogen-powered...

DEXWireNews

Unity (NYSE: NYSE:U ), the leading platform for creating and growing games and interactive experiences, has made a strategic move that sent its stock soaring by 14%. The company announced the addition of Jim Payne, a heavyweight in the mobile advertising space, as the new Chief Product Officer for Advertising. Payne, the founder of MoPub, the world’s largest...

DEXWireNews

Taiwan Semiconductor Manufacturing Co. ( BCBA:TSMC ), the world’s largest contract chipmaker, saw its shares rise by 3% in premarket trading on Friday following a remarkable surge in monthly sales. TSMC's July revenue soared by 45%, reflecting the robust demand for artificial intelligence (AI) chips, particularly from tech giants like Nvidia and Advanced Micro...

DEXWireNews

The Dow Jones Industrial Average staged an impressive rally on Thursday, soaring more than 650 points as positive economic data injected fresh optimism into the markets. The blue-chip index reclaimed its 50-day moving average, providing a much-needed boost after a week of significant losses. Jobs Data Sparks Market Rally The unexpected drop in initial jobless...

DEXWireNews

In a strategic move set to redefine the landscape of conversational AI, SoundHound AI, Inc. (NASDAQ: NASDAQ:SOUN ) has acquired Amelia, a leading enterprise AI software company. This acquisition marks a significant milestone in SoundHound's journey, propelling the company to the forefront of voice and conversational AI, and causing its stock to surge by 19%. A...

DEXWireNews

Key Takeaways: - Robinhood's ( NASDAQ:HOOD ) stock rose 2.51% following its impressive Q2 earnings report, showcasing record earnings and revenue. - Earnings per share (EPS) increased to $0.21, surpassing expectations, while revenue soared 40% to a record $682 million. - Significant growth in transaction-based revenue and assets under custody highlights...

DEXWireNews

Key Takeaways: - Warner Bros. Discovery ( NASDAQ:WBD ) shares plunged sharply after announcing a staggering $10 billion loss for Q2. - The loss was largely driven by a $9.1 billion write-down in the value of its cable networks, such as CNN and TNT, as they struggle against the rise of streaming giants like Netflix. - Revenue missed analysts' expectations, falling...

DEXWireNews

Eli Lilly & Co. (NYSE: NYSE:LLY ) has once again captured the spotlight with its impressive second-quarter performance in 2024. The pharmaceutical giant’s stock surged by over 12% following the announcement of its quarterly earnings, driven largely by the soaring sales of its diabetes drug Mounjaro and weight loss injection Zepbound. Blowing Past...

DEXWireNews

Upstart Holdings Inc. (NASDAQ: NASDAQ:UPST ) has stunned investors and analysts alike with its recent financial performance, propelling its stock price to soar over 45% following the release of its second-quarter earnings report. This dramatic rise highlights a renewed confidence in the AI-driven lending platform, as the company showcases resilience and potential...

DEXWireNews

Super Micro Computer (NASDAQ: NASDAQ:SMCI ), once a darling of the AI investment world, is experiencing a dramatic downturn. The company's stock plummeted after a disappointing earnings report revealed a significant margin squeeze, casting a shadow over its previously rosy outlook. The AI gold rush had propelled Super Micro Computer (NASDAQ: NASDAQ:SMCI ) to...

DEXWireNews

Shopify Inc. (NYSE: NYSE:SHOP ) experienced a remarkable 22% surge in its stock price following its second-quarter earnings report, which significantly exceeded Wall Street expectations. The Canadian e-commerce giant showcased impressive growth in key financial metrics, despite a challenging consumer spending environment. Financial Highlights - Earnings per...