Salesforce, a leading business software maker, recently announced its fiscal second-quarter results, exceeding market expectations. The company reported earnings per share of $2.56, surpassing the estimated $2.36, and revenue of $9.33 billion, higher than the projected $9.23 billion. This performance led to a 4% increase in the company’s shares during extended trading. In addition to
Nvidia experienced a decline of about 7% after hours following its quarterly report. Bob Pisani of CNBC TV noted that it was becoming harder for Nvidia to impress Wall Street as the beats became more narrow. The stock is about 11% down from its June high, showcasing the challenges faced by the company. In contrast
The U.S. Department of Education has recently provided additional details about the rollout of the new Free Application for Federal Student Aid (FAFSA) for the upcoming academic year. The 2025-26 FAFSA will undergo beta testing starting on Oct. 1, before becoming available to all students and contributors on or before Dec. 1. This new testing
The recent decrease in mortgage rates for the fourth week in a row did not seem to have a significant impact on either current homeowners or potential homebuyers. Mortgage application volume increased by only 0.5% compared to the previous week, according to the Mortgage Bankers Association’s index. This minimal increase suggests that the lower rates
The toy industry experienced a slowdown in sales due to inflation pressures in the first half of 2024. However, Lego managed to defy this trend by recording a remarkable 13% increase in revenue, reaching 31 billion Danish krone. The company’s CEO, Niels Christiansen, credited this success to the strength of their product portfolio, particularly highlighting
Xpeng, a Chinese electric car company, made headlines recently with the launch of its new mass-market Mona brand. The Mona M03 electric coupe, with prices starting as low as $16,812, has generated immense interest in the market. In fact, orders for the Mona M03 surpassed 10,000 within just 52 minutes of its official debut in
Following the announcement of JD.com’s $5 billion buyback, the company’s Hong Kong-listed shares experienced a modest increase of 1.2% on Wednesday. This positive movement contrasted with the overall decline on the Hang Seng index, illustrating investor confidence in JD.com’s strategic decision. Similarly, U.S.-listed shares of the company rose by 2.24%, indicating a favorable reaction from
As Nvidia’s numbers are eagerly awaited following the bell, analysts are keeping a close eye on the stock’s performance. With Nvidia experiencing a significant surge in the past year, there is a lot of anticipation around its quarterly report. The stock is currently 8.8% away from its recent high, showing some potential for growth. However,
The looming expiration of the National Flood Insurance Program by September 30th brings uncertainty to the real estate market. As the Federal Reserve appears poised to cut interest rates in September, another key aspect of the housing market remains in question. If the NFIP is not reauthorized by Congress, it could complicate the process of
Amazon, a retail giant, is facing the challenge of increasing profitability in its retail business. Despite its dominance in the e-commerce market, the company needs to step up its game to meet the high expectations of consumers who are constantly seeking value for their money. Research firm MoffettNathanson predicts that Amazon’s retail business will need