Atlanta Federal Reserve President Raphael Bostic told CNBC on Monday that he’s comfortable with the central bank’s ultra-loose policy even as inflation gains steam in the U.S. economy. “We are still 8 million jobs short of where we were pre-pandemic,” Bostic told CNBC’s Steve Liesman during a “Squawk Box” interview. “Until we make substantial progress
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In this article DKNG DraftKings clock at UFC venue. Source: DraftKings Sports-betting company DraftKings reported better-than-expected loss per share and revenue for its first quarter, and raised its full-year revenue guidance. Shares were down more than 1% in the premarket after an initial pop on the report. Here are the key numbers: Loss per share: 36
A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017. Brendan McDermid | Reuters Roku shares popped more than 11% in pre-market trading Friday after reporting earnings that showed advertisers are increasingly moving money into streaming TV. The company reported its highest quarterly
In this article RBLX The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing. NYSE Roblox shares rose more than 5 percent in after-hours trading, following the release of its first earnings report since going public in a direct listing in
Virgin Galactic’s carrier aircraft releases its spacecraft Unity during a glide flight test. Virgin Galactic Virgin Galactic delivered first quarter results after the market closed on Monday, announcing that it has yet to set a target date for its next spaceflight test, which the company previously planned for this month. “Timing of next flight test
In this article PLTR Peter Thiel, co-founder and chairman of Palantir Technologies Inc., pauses during a news conference in Tokyo, Japan, on Monday, Nov. 18, 2019. Kiyoshi Ota | Bloomberg | Getty Images Palantir, the maker of software and analytics tools for the defense industry and large corporations, reported 49% revenue growth for its first quarter,
In this article POSH Rafael Henrique | LightRocket | Getty Images Poshmark on Wednesday reported first-quarter revenue growth of 42%, as consumers turned to the secondhand site to refresh their wardrobes without breaking the bank. “There’s a real meaningful shift as people are preparing for reopening,” said Manish Chandra, founder and Chief Executive, in a
In this article BTC.BS=-USS BTC.CB= The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Coinbase shares were down about 4% in after-hours trading on Thursday, despite revenue and net income
In this article DASH Sign reading We Deliver With Doordash, referencing the Doordash food delivery service, San Ramon, California, September 12, 2020. Smith Collection/Gado | Archive Photos | Getty Images DoorDash on Thursday reported a wider-than-expected quarterly loss, blaming a short-term shortage of delivery drivers as consumer demand outstripped its forecast. But the company raised
In this article ABNB Airbnb CEO Brian Chesky attends the Cannes Lions on June 20, 2016, in Cannes, France. Richard Bord | Getty Images Airbnb said revenue increased 5% in the first quarter, beating analysts’ estimates, as the rapid pace of vaccinations led to more travel. The company’s net loss tripled because of debt repayments and restructuring
In this article DIS A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021. Bloomberg | Bloomberg | Getty Images Disney is set to report fiscal second-quarter earnings after the bell on Thursday. Here are the key numbers: Earnings per
Tesla shares suffer again on Monday as the tech sector struggles. TSLA looks to be on autopilot for $500. TSLA shares have support at $539 as a first target. Tesla shares continue their march lower post the Q1 2021 earnings release. The results were not bad but the manner of the revenue generation is what
USD/CAD came under renewed bearish pressure in American session. Rising crude oil prices provide a boost to CAD. US Dollar Index stays relatively quiet above 90.00. After spending the first half of the day moving sideways around 1.2100, the USD/CAD pair lost its traction and touched its lowest level of the day at 1.2073. As
“The US dollar’s role as a global reserve currency is secure,” Federal Reserve’s Vice Chairman Richard Clarida said on Monday, as reported by Reuters. Additional takeaways “Getting demand and supply of workers into balance may take some time.” “Central bank digital currency is under an active study to get a sense of both benefits and costs.” “Upgrades
Pound gains momentum and prints fresh highs versus dollar, turns positive against euro. DXY back into negative territory, it drops to 90.20. The GBP/USD is rising for the second day in a row and recently it printed a fresh high at 1.4125, boosted by a weaker dollar and also by a retreat in EUR/GBP. During
Metals on fire at monthly highs, even as yields hold steady. XAG/USD heads for the third highest daily close since September. After a correction, metals resumed the upside and jumped to monthly highs. Silver rose to $28.15, reaching the highest level since February. It is rising 2.60% on Monday. Gold is also sharply higher, above
Gold takes the bid after two consecutive weekly run-ups. Risk-on mood favors gold buyers amid downbeat US dollar, Treasury yields. Sluggish US data cools down inflation concerns, helps Fed to defend easy money policies. Geopolitical, covid headlines can offer intermediate moves but nothing major to keep a tab on. Gold bulls keep the reins around
The Bank of England’s (BoE) monetary policy will focus on returning inflation sustainably to the target over the medium term, BoE policymaker Gertjan Vlieghe said on Monday, as reported by Reuters. Additional takeaways “Growth this year should not be viewed as a boom but as a return to normal.” “Temporary bottlenecks and base effects are likely to