General News

Roblox’s latest quarterly earnings release resulted in the stock plunging over 22% in Thursday’s session as the company’s bookings guidance disappointed. 

However, one industry analyst said the focus should be on the long-term, not the immediate numbers.

While its booking outlook disappointed, Roblox reported first-quarter financial results that surpassed analyst expectations for earnings and revenue. The company announced a Q1 loss per... (continue reading...)

Investing - The U.S. Federal Reserve is likely to cut interest rates this year, according to Atlanta Federal Reserve President Raphael Bostic, even if the timing remains uncertain.

"I still have that belief" that interest rates can be lowered this year, Bostic said in an interview with Reuters published earlier Friday, despite inflation remaining well above the central bank’s target during the first quarter of this year.

"There is an expectation for most of the... (continue reading...)

Investing.com -- U.S. stock futures rose Friday on optimism that the Federal Reserve will start cutting interest rates later this year.

Here are some of the biggest premarket U.S. stock movers today:

• Novavax (NASDAQ: NVAX) stock soared 125% after the biotech company signed a deal with French drugmaker Sanofi (NASDAQ: SNY), up 0.3%, to develop its Covid vaccine starting next year.

• Moderna (NASDAQ: MRNA) stock fell 2.6% after the drugmaker announced that the Food... (continue reading...)

Analysts at Bank of America said June will be one "to remember" with key decisions for many central banks to come. 

The investment bank noted that this week was rich in central bank surprises, with the Riksbank deciding to take the lead and cut rates and the Bank of England showing a lot more confidence in inflation going in the right direction than they had expected. 

"In a way, we got a glimpse of what June - with key decisions for many central banks - would look... (continue reading...)

(Reuters) -Shares of Zeekr Intelligent Technology were indicated to open up to 19% above their initial public offering price on Friday, giving the China-based electric-vehicle maker a potential fully diluted valuation of $6.55 billion.

The debut would mark the first major U.S. listing by a Chinese company since 2021 amid fierce competition in China between electric-vehicle makers that have hurt their profits - and as many push to expand outside China.