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SPOT Stock Price | Spotify Technology S.A. Stock Quote (U.S.: NYSE)
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Meta Platforms stock rallies on results, Southwest and Caterpillar shares fall, other stocks on the move
Here were some of the biggest stock movers on Thursday. Gainers: Shares of Meta Platforms Inc. META were trading up more than 14% in afternoon trading after the social media giant posted better-than-expected first quarter earnings and revenue. Amazon.com Inc.’s stock AMZN climbed nearly 5% ahead of the ecommerce and… Source
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Office building credit crunch could hit wider U.S. economy, former Deutsche Bank property lender says
Toby Cobb has been in the catbird seat of the commercial real-estate market for decades, holding the reins on who gets loans during boom years, and the cards when things go bust. Cobb was Deutsche Bank’s co-head of U.S. commercial real estate in the run up to the global financial crisis of 2008. In its…
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Mastercard earnings get a boost from travel spending, and CFO says the rebound still has legs
Mastercard Inc. topped profit and revenue expectations for its latest quarter, with its chief executive calling out “resilient consumer spending.” Gross dollar volume was up 15% in the first quarter, while cross-border volume grew 35%. Mastercard MA saw a 12% rise in switched transactions. Shares of Mastercard were up 1% in Thursday afternoon… Source
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‘Sell’ signals are flashing across the stock market now. But bulls still have one chance.
The stock market, as measured by the S&P 500 Index SPX, has struggled to maintain the rally that began in mid-March, and now we are getting new sell signals from some of our internal indicators. SPX was turned back by resistance near 4200 for the third time since last August. That is an extremely strong…
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DHR Stock Price | Danaher Corp. Stock Quote (U.S.: NYSE)
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Eli Lilly’s next-generation obesity drug helped patients lose up to 34 pounds in clinical trial
Eli Lilly on Thursday released new data showing strong results for a widely anticipated obesity treatment. Adults with obesity or overweight and type 2 diabetes who took tirzepatide during a late-stage clinical trial lost up to 15.7% of their body weight, or about 34.4 pounds, Lilly LLY, +3.74% said. More than 80% of people taking…
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EA’s stock catches downgrade as blocked Microsoft deal for Activision eliminates ‘takeout premium’
The blocking of Microsoft Corp.’s acquisition of Activision Blizzard Inc. by U.K. regulators has thrown cold water on any potential large deals in the videogame space, prompting one analyst to downgrade shares of Electronic Arts Inc. In a Thursday note, BMO Capital Markets analyst Gerrick Johnson downgraded EA EA to market perform from outperform and…
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Gold prices post a modest climb, but hold below $2,000 an ounce after U.S. GDP data
Gold futures ended with a modest gain on Thursday, but marked a fourth finish in five sessions below $2,000 an ounce, after a reading on first-quarter U.S. GDP came in lower than expected. The data may have raised some concerns that a potential recession could hurt consumer demand for precious metals, but banking sector worries…
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ENPH Stock Price | Enphase Energy Inc. Stock Quote (U.S.: Nasdaq)
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