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.
Roblox sinks on guidanceWhile 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:
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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.
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Moderna (NASDAQ: MRNA) stock fell 2.6% after the drugmaker announced that the Food... (continue reading...)
Oil prices are set to form a bottom in the coming months, McClellan Financial Publications analysts argue.
Recent gold price trends, adjusted forward by 19.8 months, can be compared to crude oil prices, a shift that aims to highlight how gold’s price movements tend to echo in oil prices after that specific interval.
While not a flawless model, it generally provides strong accuracy, the report states. Occasionally, discrepancies occur, such as when Russia's invasion of... (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...)
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Dollar calm at end of week; sterling gains on growth data
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Asian stocks rise amid rate cut hopes; China spooked by US tariffs
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China EV stocks sink on reports of US tariffs
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Asia FX weak with US inflation in sight; China tariff fears dent yuan
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Gold prices rise, set for weekly gains after weak US labor data dents yields
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European stocks rise as UK growth data adds to positive sentiment
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Futures higher, consumer sentment data ahead - what's moving markets
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Futures higher, consumer sentment data ahead - what's moving markets
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April US CPI inflation preview: 'The descent begins'
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Midday movers: Roblox, Airbnb fall; Trade Desk, AppLovin and Bumble rise
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Bank of America expects new Selic cut of 25bps in June
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UBS looks to history for USD/JPY guide
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U.S. weekly initial jobless claims rise by more than expected to 231,000
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iPhone sales will continue to grow despite market pessimism says Evercore ISI
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Bank of England leaves key interest rate unchanged
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ArcelorMittal's Growth Trajectory: Navigating Challenges and Unveiling Opportuniti
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DJT stock rises as Trump trial enters critical days
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Dollar edges higher, helped by hawkish Fed speakers ; Sterling slips ahead of BOE
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Fed hawks to persist with hawkish message this week despite Powell's dovish slant
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ARM FY revenue guidance falls shy of estimates after Q4 results top estimates
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Oil prices next move likely dip below $80 rather than jump above $90: Macquarie
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US stock futures move sideways with more Fedspeak, rate cues on tap
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Oil prices rise amid mixed China cues, Israel-Hamas ceasefire in focus
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Asian stocks sluggish before more rate cues; China buoyed by positive trade data
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China trade balance grows less than expected in April as imports surge
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Asia FX muted, Japanese yen pauses losses after BOJ warning
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Chinese stocks hit 2024 highs on more property support, positive trade data
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Gold prices tread water as dollar firms before Fed, inflation cues
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European stocks edge higher; earnings in focus ahead of BOE decision
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Futures point lower, Arm revenue guidance, Robinhood beats - what's moving markets
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Apple's WWDC event in June may also disappoint AI investors: analysts
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Upcoming US election and equity implications from JPMorgan
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Midday movers: Uber, Rivian, Twilio fall; Reddit and Arista rise
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Barclays sees this tech stock as the next S&P 500 addition
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Needham analysts raise price target for Reddit, citing "robust business model"
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Morgan Stanley now expects the Federal Reserve to start rate cuts in September
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AB InBev shares rise as analysts flag easing impact of U.S. Bud Light boycott
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Dollar pushes higher; Fed speakers in focus
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Oil prices dip as US stockpiles increase, M.East tensions persist
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TSMC: Morgan Stanley hikes PT on Arm AI CPU boost
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Tesla proposed launching robotaxis in China- China Daily
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Asian stocks fall as China rally pauses, rate optimism cools
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Gold prices muted amid uncertainty over interest rates
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Toyota FY profit nearly doubles as hybrid sales surge, outlook weaker
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European stocks rise, boosted by generally positive corporate earnings
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Futures tread water, more earnings ahead, Toyota reports - what's moving markets
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Barclays: Favor EU/UK vs. US equities on 'better policy, growth trade-off'
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Apple's AI ambitions could see boost from potential team up with Rivian
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Oil Inventories unexpectedly rise by 509,000 barrels last week: API
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Reddit delivers upbeat guidance after Q1 revenue tops estimates; shares jump