Breaking News
Nov 3, 2022
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Norges Bank lifted its key rate by 25 basis points to 2.5% and said rates will keep rising citing inflation above its target range.
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Starbucks said fiscal fourth quarter results were negatively impacted by travel restrictions in China but North America comparable sales jumped 11%.
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Coinbase swung to a quarterly loss of $545 million after revenue plunged more than 50% to $590 million as cryptocurrencies transactions fall.
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Twilio plunged 11% after third quarter revenue growth slowed to 33% and the company guided fourth quarter revenue growth between 18% and 19%.
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Carvana plunged 8% after the online used car retailer said total sales fell 3% and vehicle sales dropped 8% and net loss margin increased to 15%.
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Doordash said Sept quarter orders rose 27% to 439 million, gross order volume jumped 30% to $13.5 billion and revenues gained 33% to $1.7 billion.
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Expedia said third quarter revenues increased 22% to $3.6 billion and net income advanced 333% to $482 million or $2.98 a diluted share.
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Global bond market sell-off accelerated and the yield on U.S. 10-year Treasury bonds rose above 4.15%, nearing a 15-year high of 4.3%.
Oct 3, 2022