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Watch Fed Chair Powell speak live before House Financial Services Committee
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for the second day of his semiannual updates on monetary policy. The central bank leader appears before the House […]
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Lyft shares sink 9% on underwhelming fourth-quarter results
Lyft shares shed more than 9% after the ride-sharing app reported lackluster fourth-quarter results and offered weak bookings guidance as it lowers prices to keep up with competition. The company reported revenues of $1.55 billion, versus the $1.56 billion expected by analysts polled by LSEG. Bookings, which measures the charges posed to customers for rides […]
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Super Micro ‘confident’ it will meet SEC deadline and reach $40 billion next fiscal year
Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024. Annabelle Chih | Bloomberg | Getty Images Super Micro Computer gave optimistic commentary for its fiscal 2026 and delayed annual report that overshadowed its slashed fiscal 2025 revenue guidance in Tuesday’s preliminary second-quarter results. CEO Charles Liang said […]
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Anduril to take over Microsoft’s $22 billion U.S. Army headset program
Palmer Luckey, founder of Oculus and Anduril Industries, speaks during The Wall Street Journal’s WSJ Tech Live conference in Laguna Beach, California on October 16, 2023. Patrick T. Fallon | AFP | Getty Images Anduril Industries, Palmer Luckey’s defense-tech startup, will take over Microsoft‘s multibillion-dollar augmented reality headset program with the U.S. Army, the companies […]
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Anduril to take over Microsoft’s U.S. Army $22-billion headset program
Palmer Luckey, founder of Oculus and Anduril Industries, speaks during The Wall Street Journal’s WSJ Tech Live conference in Laguna Beach, California on October 16, 2023. Patrick T. Fallon | AFP | Getty Images Anduril Industries, Palmer Luckey’s defense-tech startup, will take over Microsoft‘s multibillion-dollar augmented reality headset program with the U.S. Army, the companies […]
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Fed Chair Powell says central bank doesn’t ‘need to be in a hurry’ to lower interest rates further
Key Points Fed Chair Jerome Powell reiterated the central bank’s commitment to bringing inflation down and signaled that policymakers aren’t in a rush to get interest rates lower. Powell’s comments came in the first of two appearances this week on Capitol Hill. Source
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Watch Fed Chair Powell testify live before the Senate Banking Committee
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell delivers his semiannual remarks on monetary policy and the economy this week on Capitol Hill. First up will be an appearance Tuesday before the Senate […]
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Stocks making the biggest moves midday: McDonald’s, GameStop, On Semiconductor and more
Check out the companies making headlines in midday trading. McDonald’s — The fast-food giant jumped more than 3% following its earnings announcement . While adjusted earnings came in at $2.83 per share, in-line with expectations, revenue of $6.39 billion fell short of the $6.44 billion LSEG consensus estimate. The company’s same-store sales growth of 0.4% […]
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Pinterest shares rocket 19% on strong revenue and user growth
Sopa Images | Lightrocket | Getty Images Pinterest shares surged 19.1% after the company beat Wall Street’s fourth-quarter sales estimates and showed robust user growth from a year ago. The image-sharing company reported revenues of $1.15 billion, ahead of a $1.14 billion estimate from analysts surveyed by LSEG. The figure represented 18% year-over-year growth. Along […]
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Affirm shares soar 20% on revenue beat, surprise profit during holiday period
Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Drew Angerer | Getty Images Affirm shares jumped 20% on Friday after the buy now, pay later company topped Wall Street’s fiscal […]
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