Meta Platforms, the parent company of Facebook, faced a significant drop of more than 14% following the release of lighter-than-expected second-quarter revenue guidance. Despite this setback, the company managed to exceed analysts’ estimates for both earnings and revenue in the first quarter. On the other hand, Honeywell, an industrial stock, saw a 2.2% rise in
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The U.S. dollar experienced a slight decline on Thursday, stepping back from the five-month highs reached the previous week. At 04:10 ET (09:10 GMT), the Dollar Index, which monitors the greenback against a basket of other currencies, was down by 0.2% at 105.445. Despite climbing over 106 last week, the dollar’s momentum slowed down in
Walgreens recently made an announcement that it will be venturing into the world of cell and gene therapies in the United States. This move is part of the company’s strategy to expand its specialty pharmacy services. The company will be working directly with drugmakers to bring these innovative therapies to patients. The establishment of a
In the current market environment, the yen is facing pressure against the dollar as it hovers around the 155 per dollar mark. This situation arises as the Bank of Japan begins its two-day rate-setting meeting, causing uncertainty among traders regarding potential intervention by Tokyo while policy discussions are ongoing. Despite trading within a narrow range
The municipal market experienced slight weakness in secondary trading on Wednesday, with a focus on the Los Angeles Unified School District’s nearly $3 billion pricing for institutions. This performance was influenced by the rise in U.S. Treasury yields and mixed results in equities. According to GW&K Investment Management strategists, munis entered the second quarter in
The California Supreme Court recently announced that it will be reviewing a case that challenges retirement reforms that were put in place by state lawmakers over a decade ago. This decision has reignited the debates surrounding pension spiking, a contentious issue that had previously been addressed in a 2020 ruling on an Alameda County case.
The financial sector often takes a backseat to the titans of Wall Street, but according to Wolfe Research, this earnings season could be a turning point for Fintech companies. Technical analyst Rob Ginsberg believes that the Global X FinTech ETF (FINX) is showing signs of attractiveness after a period of underperformance in the broader market.
Meta Platforms, previously known as Facebook, is gearing up to report its first-quarter earnings following a string of successful releases from tech companies. The stock has seen significant growth, climbing approximately 40% in 2024 and avoiding the recent market downturn. With a focus on efficiency and expansion into virtual reality and artificial intelligence, Meta has
The FOMO BULL CLUB has recently made waves in the crypto world by launching its very own meme coin launchpad on the Base blockchain. What sets this platform apart is its emphasis on community-driven initiatives and decentralized decision-making. By allowing members to have a say in which meme coins get launched, FOMO BULL CLUB is
Boeing’s recent quarterly report is expected to reveal the significant impact of the midair incident involving a door plug from a 737 Max 9 plane in January. This incident not only led to a series of safety concerns but also resulted in financial losses for the company. Analysts predict that Boeing will report its seventh