CoreWeave (CRWV) shares are ripping higher in extended hours after the company posted market-beating Q2 earnings, citing accelerating artificial intelligence (AI) infrastructure demand. The Livingston-headquartered firm more than doubled its revenue to $2.58 billion, on a per-share loss of $1.14 – much better than $1.41 a share that analysts had forecast. Including post-earnings gains, CoreWeave
Wall Street closed slightly lower on Monday as investors weighed renewed uncertainty over the reopening of the Strait of Hormuz, rising oil prices and a busy week of inflation data that could shape expectations for Federal Reserve policy. The Dow Jones Industrial Average fell 60.95 points, or 0.11%, to close at 53,975.98. The S&P 500
Crude oil prices rose on Hyperliquid as Iran issued a list of demands for reopening of the Strait of Hormuz. WTI perpetual futures jumped to $77.67, while Brent, the global benchmark, soared to $83. This rebound may continue in the new week as tensions between the US and Iran remains. Iran has issued a list
A weaker-than-expected US jobs report showed the labor market contracted in July, prompting investors to scale back expectations for a Federal Reserve rate hike. Gold prices climbed to a seven-week high as lower rate expectations boosted demand for bullion. Oil prices remained volatile as markets assessed negotiations over transit through the Strait of Hormuz amid
US stocks ended higher on Friday, with the S&P 500 closing at a record high as weaker-than-expected July jobs data reduced expectations for a Federal Reserve interest rate hike in September and boosted investor appetite for technology and growth stocks. The S&P 500 rose 0.6% to finish at 7,756.44, while the Nasdaq Composite climbed 1.3%
Wall Street ended lower on Thursday as investors paused after this week’s record-setting rally, weighing a fresh round of corporate earnings alongside renewed uncertainty over developments in the Middle East. The Dow Jones Industrial Average dropped 454 points, or 0.83%, while the S&P 500 slipped 0.18%. The Nasdaq Composite edged 0.04% lower as weakness in
SanDisk (SNDK) shares are inching lower in extended hours on Wednesday even though the flash memory products specialist delivered a massive top and bottom-line beat. The multinational more than quadrupled revenue to $8.97 billion in its fiscal Q4, on a remarkable $39.25 a share of earnings (EPS). The quarterly print is adding to pressure on
SpaceX (SPCX) shares slipped in after-hours trading late Tuesday as Wall Street delivered a muted verdict on the company’s inaugural quarterly financial report. In its first public earnings update since a record-setting initial public offering on June 12, SpaceX reported second-quarter revenue of $7.81 billion, beating analyst estimates of $6.93 billion and surging 92% from
The USD/JPY exchange rate tumbled to its lowest level since May 14 as investors reacted to last week’s Federal Reserve and Bank of Japan (BoJ) interest rate decisions and the latest interventions by the US and Japanese authorities. It plunged to 157.45, down by over 4% from the year-to-date high. Japanese yen surges on US
Jim Cramer’s favourite dip-buying rule starts with a margin decline, but it does not end there. Investors must decide whether profits are temporarily compressed by investment or permanently damaged by weak demand and competition. Meta Platforms, Alphabet and SoFi are the clearest tests after their shares were punished by spending increases or cautious guidance. Intel