Breaking News
Nov 3, 2022
  • 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.
  • 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.
  • 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%.
  • Twilio plunged 11% after third quarter revenue growth slowed to 33% and the company guided fourth quarter revenue growth between 18% and 19%.
  • Coinbase swung to a quarterly loss of $545 million after revenue plunged more than 50% to $590 million as cryptocurrencies transactions fall.
  • Starbucks said fiscal fourth quarter results were negatively impacted by travel restrictions in China but North America comparable sales jumped 11%.
  • 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.
  • The Bank of England lifted its key lending rate by 75 basis points to 3.0%, the largest rate increase in 33 years.