Shares of The Toro Company (TTC), a landscaping equipment maker, are rising more than 8% Wednesday morning after reporting fourth-quarter results above analysts’ view. Earnings for the fourth quarter declined to $70.3 million or $0.67 per share from $117.6 million or $1.12 per share in the previous year. Excluding one-time items, earnings were $74.1 million or $0.71 per share, that […]

Anxiety about inflation and a cautious monetary policy outlook dominated market sentiment across regions. The more-than-expected decline in inflation in the U.K. boosted sentiment. Markets in the meanwhile wait for the PCE-based inflation readings from the U.S. due on Friday. Wall Street Futures reflect mild losses. Equities in the London stock market gained with the inflation relief. However other European […]

Shares of financial technology company Affirm Holdings, Inc. (AFRM) are rising more than 12% Tuesday morning after the company said it has expanded services with Walmart by offering pay-over-time options to customers at more than 4,500 Walmart stores in the U.S. This option is available in Walmart stores across the country, on walmart.com, in the Walmart app, and also at […]

Samson Mow, the CEO and Co-Founder of Jan3, a revolutionary blockchain tech company, is convinced that Bitcoin is on its way to tapping $1 million in price value. Mow, who also describes himself as a Bitcoin bonds “architect,” maintains that Balaji S. Srinivasan, a popular Bitcoin supporter who predicted that Bitcoin would hit the same price point, is spot on […]

Shares of ZimVie Inc. (ZIMV) are rising more than 44% Monday morning after the medical device company announced the decision to sell its spine business to alternative investment firm H.I.G. Capital. ZimVie said it plans to utilize the proceeds from the deal, which is expected to add to the company’s revenue and earnings, to reduce debt. “This transaction is intended […]

Shares of Scholastic Corporation (SCHL), a publishing, education, and media company, are falling more than 9% Friday morning after lowering its full-year outlook. Scholastic now expects full-year revenue to be level with or slightly below the prior year compared to the previous outlook of growth of 3% – 5%. For the second quarter revenue declined to $562.6 million from $587.9 […]

Shares of Apellis Pharmaceuticals, Inc. (APLS) are falling more than 21 percent Thursday morning after the company said it expects the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) to give a negative opinion on its marketing authorization application for Pegcetacoplan to treat geographic atrophy. Geographic atrophy, an advanced form of dry age-related macular […]

Cryptocurrencies joined world markets in jubilation as the Fed hinted at an end to rate hikes and indicated potentially lower interest rates by the end of 2024. As widely expected, the Fed also maintained status quo on rates. The Fed also published its latest assessment on inflation, economic growth and unemployment. In the Summary of Economic Projections issued on Wednesday, […]

A recent article from The Block highlighted JPMorgan’s projections for the cryptocurrency market in 2024, focusing particularly on Ethereum. The bank’s analysts, led by Nikolaos Panigirtzoglou, predict that Ethereum will reclaim a larger market share within the crypto ecosystem and outperform its counterparts, including Bitcoin. Ethereum’s EIP-4844, also known as Proto-danksharding, is a significant proposal in the development of the […]