Author: pluginever

American Airlines swung to a loss in the first quarter but its forecast for the current period surpassed analysts’ estimates, sending shares roughly 4% higher. American expects to earn between $1.15 and $1.45 per share in the second quarter, on an adjusted basis, largely above the $1.18 analysts compiled by LSEG estimated on average. American…

Key Takeaways On April 24, BlackRock's iShares Bitcoin Trust (IBIT) recorded no new inflows for the first time since its launch; Of the eleven Bitcoin ETFs, only FBTC and ARKB attracted new investments on that day; The US SEC is delaying decisions on Ether ETFs. Source: BitDegree

Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by higher traffic to its restaurants. The stock rose 3% in extended trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $13.37 adjusted vs. $11.68…

Meta shares plunged in extended trading on Wednesday after the company issued a light forecast, overshadowing better-than-expected first-quarter results. Here are the key numbers: Earnings per share: $4.71 per share vs. $4.32 per share expected by LSEG Revenue: $36.46 billion vs. $36.16 billion expected by LSEG Revenue increased 27% from $28.65 billion in the same…

Comcast beat first-quarter earnings expectations on Thursday, as broadband drove revenue even as the company and its peers have seen customer growth slow. Here’s how Comcast performed, compared with estimates from analysts surveyed by LSEG: Earnings per share: $1.04 adjusted vs. 99 cents expected Revenue: $30.06 billion vs. $29.81 billion expected For the quarter ended…

Southwest Airlines on Thursday posted a wider loss for the first quarter than the same period last year and warned that Boeing’s airplane delays will hamper its growth into 2025. The airline expects to grow capacity 4% this year, down from a plan to expand 6%. For the second quarter, it forecast growth of 8%…

Could we say that technology is growing like compound interest? As if it’s a snowball down a hill? It seems the speed of which we advance with technology is only picking up speed, with newer technology giving us the power to innovate even faster. All arguments that could disrupt tech (long term) are ones that…

Honda Motor and its joint venture partners plan to invest $11 billion in Ontario, Canada to create a “comprehensive EV value chain,” the Japanese automaker announced Thursday. The company said the plans include new assembly and battery plants as well as other facilities to support production of the all-electric and fuel cell-powered vehicles. Honda said…

U.S. Treasury yields rose on Thursday morning after the first-quarter GDP report showed slowing growth and rising consumer prices. The benchmark 10-year Treasury yield climbed 5 basis points to 4.706%, hitting its highest level since Nov. 2 of last year. The 2-year Treasury yield rose about 6 basis points to 4.995%. A basis point is…

I am really confused why yields rose today, if the GDP is not growing as fast as expected it means we need rate cuts to accelerate the economy, the last thing lower GDP causes is rate hikes. So why yields rose? I am really confused, slower economy = higher chance for rate hikes? what is…