Audio technology Sonos company (NASDAQ:SONO) announced better-than-expected revenue in Q4 CY2024, but sales fell by 10.1% year on year to $550.9 million. Its non-GAAP profit of $0.64 per share was significantly above analysts’ consensus estimates.
Skyworks Solutions' stock plummeted more than 24% Thursday after the analogue chipmaker projected a slowdown in its mobile business revenue. Monitor these longer-term price levels on the monthly chart.
(Bloomberg) -- Oil edged down as US President Donald Trump’s renewed pledge to drive down the price of crude overshadowed his push for tighter Iranian sanctions.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneTransportation Memos Favor Places With Higher Birth and Marriage RatesState Farm Seeks Emergency California Rate Hike After FiresHow London’s Taxi Drivers Navigate the City Without GPSWest Te
Federal workers have a big decision to make on Thursday. That’s the deadline for accepting the Trump administration’s deferred resignation offer, which will allow them to quit their federal job while still being paid through September.
Banks this week sold $5.5 billion in debt tied to Elon Musk’s 2022 buyout of Twitter, signaling that Wall Street's confidence in Musk is rising alongside the billionaire’s elevated status in Washington.
Stablecoins are pegged to real-world assets, such as the U.S. dollar, and therefore fluctuate much less than other crypto assets like bitcoin. Speaking at a Bank for International Settlements event in Mexico City, Galipolo said policymakers see this trend as primarily driven by the use of cryptocurrencies as a means of payment, posing challenges for oversight and regulation. He also argued that Brazil's Drex is not fundamentally a central bank digital currency but rather an infrastructure aimed at improving credit with collateralized assets, in a context where local financing costs are high due to the limited use of guarantees.
Dogecoin whales have accumulated 750 million DOGE amid a market dip, signaling strong confidence in a potential rally.
Hilton shares hit a record high Thursday as executives said the hotel chain has seen an uptick in business demand.
Roblox shares swooned Thursday after the online game platform reported fewer-than-expected users during the fourth quarter.
The Trump administration's emerging focus on long-term Treasury bond yields may show growing sensitivity to market constraints that could impede President Donald Trump's economic plans, while also getting the Federal Reserve out of his direct line of fire. Yields on 10-year Treasury notes, influential in determining borrowing costs for everything from the $12.6 trillion U.S. mortgage market to $5.8 trillion in bank lending to businesses as well as the government's own interest bill, are up more than three-quarters of a percentage point even as the Fed has cut its short-term interest rate by a full percentage point since September. Fed officials, noting the anomaly and saying it's not something they have much control over, have offered a number of reasons for that divergence: From concerns about high U.S. government deficits, to lingering above-target inflation, to a global reset of post-pandemic financial conditions.
