UP Fintech Revenues Decline 35% In the First Fiscal Quarter, Shares Fall
(UP Fintech) Shares of UP Fintech Holdings fell more than 5% on Friday after reporting total revenues of $52.6 million in the first quarter of 2022. The revenue was 35.2%…
Stitch Fix Crashes 16% as Revenue Declines While Losses Widen in Q3 2022
(Stitch Fix) Shares of Stitch Fix fell more than 16% on Friday after reporting a revenue of $492.9 million in the third quarter of 2022, down 8% year-over-year. The company…
Mastercard to Allow NFT Purchases Through Card Payments
(Mastercard) Mastercard has announced that it has partnered with several crypto firms to facilitate NFT purchases through the use of card payments. Mastercard’s executive vice president Raj Dhamodharan says the…
DocuSign Shares Tank 25% as Earnings in Q1 2023 Miss Estimates
(DocuSign) Shares of DocuSign plunged 25% on Friday after reporting earnings per diluted share of $0.38 in the first quarter of 2023. The earnings missed estimates of $0.46 per diluted…
Alibaba Erases Gains as China Denies Ant IPO Revival
(Bloomberg) Shares of Chinese giant Alibaba Group Holdings Ltd. declined on Thursday, following Beijing’s denial that it is looking at reviving the initial public offering of Ant Group Co. Alibaba…
VeChain Token Jumps on Multi-Year Partnership With Martial Arts UFC
(VeChain) VeChain native token VET rose more than 4% on Thursday on the news, and the network will be the first official blockchain partner for mixed martial arts entity UFC.…
Signet Jewelers Stock Jumps 11% as Sales Rise 8.9% in Q1 2023
(Signet Jewelers) Shares of Signet Jewelers rose more than 11% on Thursday after reporting total sales of $1.8 billion in the first quarter of 2023. The sales were an increase…
Five Below Declines 7% After Mixed Q1 2022 Results, Lower Guidance
(Five Below) Shares of Five Below fell 7% on Thursday premarket after posting sales of $639.6 million in the first quarter of 2022. The sales were an increase from $597.8…
Bilibili Widens Net Loss, Eyes Cost-Cutting Measures
(Bilibili) Chinese video-sharing platform Bilibili is set to implement cost-cutting measures amid macro headwinds, despite posting double-digit growth in its net revenues for the first quarter. Chairman and Chief Executive…
ECB to Raise Rates by a Quarter Percentage Point in July and September Meetings
(ECB) The European Central bank will begin policy tightening with an increase in interest rates by a quarter percentage point in July. ECB cited price pressures as the concern, with…
NIO Falls 6% as Guidance Disappoints Amid Record Q1 2022 Deliveries
(NIO) NIO stock fell more than 6% on Thursday after guiding deliveries of between 23,000 to 25,000 in the second quarter of 2022. The guidance reflected an increase of just…
Alibaba Jumps 4% on Reports China Is Reconsidering Ant Group’s IPO
(Bloomberg) Shares of Alibaba Group rose more than 4% in premarket on Thursday on the news indicating that Chinese authorities are ready to revive Ant Group’s initial public offering. The…
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