Private Division, the publishing label of Take-Two, has announced a delay in the release of the upcoming action RPG, No Rest for the Wicked, developed by Moon Studios, the team behind Ori. Originally set for early access on Steam in the first quarter of 2024, the game will now be released in the second quarter…
Professional Rewrite Atlanta Federal Reserve President Expects Rate Cuts in Q3 Atlanta Federal Reserve President Raphael Bostic anticipates that policymakers will commence cutting rates in the third quarter of this year. He stated on Thursday that inflation is steadily moving towards the central bank’s target. Bostic, who is a voting member of the rate-setting Federal…
Pinterest Reports Strong Third Quarter Earnings, Stock Jumps Pinterest Beats Earnings Expectations The popular social media platform, Pinterest, reported impressive third-quarter earnings on Monday, surpassing expectations from analysts. As a result, the company’s stock soared more than 11% in after-hours trading. Financial Results Income: $763.2 million, beating the expected $743.5 million. Earnings per Share: 28…
Spotify Restricts Features for Free Tier Users in India Spotify is restricting features for the free tier users in India in an attempt to garner more paid users in the country. These limits, coming years after the streaming service was launched in India in 2019, will not let users play songs in a manual order…
Investment Opportunity in Huntington Ingalls Industries In a recent note, JPMorgan has recommended investors to consider buying shares of Huntington Ingalls Industries (HII), a U.S. military shipbuilding company. Despite lowering its price target to $247 from $250, the bank upgraded HII from neutral to overweight. This upgrade suggests a potential 22% upside from the stock’s…
Affirm Shares Soar After Strong Fourth Quarter Results Affirm is experiencing a significant increase in its share price, rising by as much as 26% during early trading on Friday. This surge follows the release of the buy now, pay later company’s fiscal fourth quarter results, which exceeded expectations. Additionally, Affirm provided optimistic guidance for the…
Alibaba Reports 14% Year-on-Year Revenue Growth in Q2 Introduction Chinese e-commerce giant Alibaba on Thursday reported revenue grew by 14% year-on-year in the quarter ended June 30. The company’s U.S.-traded shares rose by more than 2.5% in pre-market trading. Alibaba’s Q2 Performance Here’s how Alibaba did in the June quarter versus Refinitiv consensus estimates: Revenue:…
Oil Prices Surge Amidst Supply Concerns and Production Cuts Key Events Leading to Oil Price Surge Oil prices reached their highest levels since mid-April after a series of significant events: Attack on Russian oil export hub: Ukraine conducted a naval drone attack on Russia’s port of Novorossiysk, a crucial hub for Russian oil exports. This…
Airbnb Shares Slide After Missing Q2 Estimates Airbnb Misses Analysts’ Q2 Projections Airbnb shares slid as much as 6% in extended trading on Thursday after the short-term home-rental company reported a smaller sum of nights and experience booked in the second quarter than analysts had projected. Q2 Performance Highlights Earnings: 98 cents per share. Revenue:…
Tinder to Launch New High-End Membership and Product Refresh | Article Tinder to Launch New High-End Membership and Product Refresh Tinder is preparing to launch a new “high-end” membership later this fall as well as a product refresh aimed at better catering to Gen Z users, according to parent company Match Group, as part of…
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