Robinhood Markets (NASDAQ: HOOD) delivered a standout performance in the early months of 2025, continuing its upward momentum into May. The online brokerage saw its stock climb nearly 35% during the month, largely driven by a well-received earnings report and increased activity in the cryptocurrency space. The combination of financial results that met analyst expectations…
Category: News
Broadcom Tops Q2 Estimates as AI Demand and VMware Boost Propel Profit and Revenue Surge
Broadcom exceeded Wall Street expectations in its second-quarter earnings report, posting adjusted earnings per share of $1.58, slightly above the anticipated $1.56. Revenue came in at $15 billion, narrowly surpassing the forecasted $14.99 billion. The chipmaker also provided an optimistic outlook for the third quarter, projecting revenue of $15.8 billion, compared to the $15.7 billion…
Circle Soars 168% in Market Debut as Stablecoin Hopes and Regulatory Tailwinds Spark Investor Frenzy
Circle Internet Group made a striking entrance into the public market on Thursday, with its shares skyrocketing by 168% following its initial public offering. Priced at $31 per share, well above the anticipated range, the stock opened at $69 and surged to a high of $103.75 during the day. The offering raised nearly $1.1 billion…
Lululemon Tops Q1 Estimates but Slashes Outlook as Tariffs and Weak U.S. Sales Hit Stock
Lululemon exceeded Wall Street’s expectations for its fiscal first-quarter earnings, reporting earnings per share of $2.60 versus the expected $2.58 and revenue of $2.37 billion compared to the forecasted $2.36 billion. Net income for the quarter was $314 million, slightly down from $321 million a year earlier. Despite the positive performance, the company cut its…
EU Pressures China to Ease Rare Earth Export Curbs as Factory Shutdowns Loom and Prices Soar
The European Union has strongly urged China to relax its export restrictions on rare earth elements, which are crucial for manufacturing a wide range of products from automobiles to electronics. This call came after China’s tightened export controls led to major disruptions across industries in Europe and the United States. EU Trade Commissioner Maros Sefcovic…
RBI Slashes Interest Rates to 5.5% as Growth Slows and Inflation Dips to Six-Year Low
India’s central bank, the Reserve Bank of India (RBI), has lowered interest rates by half a percent, marking the third consecutive cut amid slowing inflation and economic growth. The repo rate now stands at 5.5%, the lowest level in three years. This rate determines how much banks pay to borrow money from the RBI, directly…
Mark Tucker Returns to AIA as Chairman After HSBC Exit, Signaling Strategic Reentry Into Asia’s Insurance Market
Mark Tucker, the outgoing Chairman of HSBC Holdings, is set to return to the insurance industry as the new chairman of Hong Kong-based AIA Group. His appointment at AIA begins on October 1, following his departure from HSBC on September 30. Tucker previously led AIA as its chief executive and president from 2010 to 2017,…
Tesla Shares Plunge 14% as Trump-Musk Feud Sparks Fears of Political Retaliation and Lost Billions
Tesla shares dropped by 14% following a public conflict between Donald Trump and Elon Musk. The stock had previously surged after the 2020 presidential election due to investor optimism that Trump would support Musk’s ventures. However, the recent spat highlights the potential damage Trump could inflict, particularly if he decides to target Musk’s companies out…
P&G to Cut 7,000 Jobs and Raise Prices as Tariff Pressures Reshape Strategy
Procter & Gamble (P&G) announced a major restructuring plan that will reduce its workforce by about 7,000 jobs, or roughly 6%, over the next two years. This move aims to streamline operations as the company exits certain product categories in select markets. The initiative is part of P&G’s strategy to adapt to an increasingly challenging…
Fed’s Beige Book Signals Slowing U.S. Economy as Tariffs Drive Caution, Weigh on Hiring and Prices
The U.S. economy has shown signs of contraction over the past six weeks, as detailed in the Federal Reserve’s latest Beige Book report. Economic activity declined slightly since late April, with widespread caution among consumers and businesses. This hesitancy is largely driven by concerns about tariff-related price increases and broader economic and policy uncertainty across…