Shares of enterprise cloud applications provider Workday, Inc. (WDAY) are up more than 6% Friday morning after reporting better-than-expected second-quarter results. Excluding one-time items, Workday reported earnings of $217.70 million or $0.83 per share in the second quarter, that beat the average estimate of analysts polled by Thomson-Reuters of $0.80 per share. While the company reported net loss for the […]

Coinbase Derivatives Exchange seems to have found the perfect time to launch its second listed crypto derivatives product, i.e. Nano Ether futures (ET). As you may already know, on January 12, Coinbase announced that it was “acquiring FairX, a CFTC-regulated derivatives exchange”, that this acquisition was “a key stepping stone on Coinbase’s path to offer crypto derivatives to retail and institutional customers in […]

Shares of agricultural and construction equipment dealer Titan Machinery Inc. (TITN) are rising more than 6% Thursday morning after reporting improved second-quarter results. In the second quarter, net income was $25.0 million, or $1.10 per share, higher than $11.2 million, or $0.50 per share a year ago. Excluding one-time items, earnings were $25.0 million, or $1.10 per share. Quarterly revenue […]

Shares of discount variety store chain Dollar Tree, Inc. (DLTR) are falling more than 8% Thursday morning after the company slashed its full-year earnings outlook, below analysts’ view. Dollar Tree expects EPS to be in the range of $7.10-$7.40 for the full year, lower than the previous guidance of $7.80-$8.20. Analysts polled by Thomson-Reuters expect the company to report earnings […]

Although the U.S. Dollar Index (DXY) surged to 109.22 — its highest level in over two decades — earlier today, since then it has dropped to 108.60, thereby allowing stocks and crypto to get some badly needed oxygen. Wikipedia says the U.S. Dollar Index” (DXY)—which is designed, maintained, and published by ICE (Intercontinental Exchange, Inc.)—is an index (or measure) of the value […]

World markets aimed for a rebound amidst fears of the Fed’s stance and the lingering concerns surrounding the economic situation. A drop in the Eurozone composite PMI and U.K.’s manufacturing PMI also shaped investor sentiment. Asian stocks finished deep in the red. European stocks are trading mixed. Wall Street Futures are in mildly positive territory. The Dollar Index rallied briefly […]

Shares of Chinese online discount retailer Vipshop Holdings Limited (VIPS)are rising more than 8% Monday morning on the back of improved second-quarter profit. On Friday the company reported net income of RMB1.3 billion or $191.5 million in the second quarter, up 17.4% year over year from RMB1.1 billion. Excluding one-time items, earnings were RMB1.6 billion or $237.7 million. Revenues for […]

Increasing bets on the Fed’s rate hikes in September lifted the Dollar Index higher and the markets lower. Meanwhile, the People’s Bank of China lowered the benchmark rates for the second time in the year. Asian stocks traded mixed. European stocks are trading lower. Wall Street Futures are also in negative territory. The Dollar Index gained as much as 108.47 […]

Shares of Volcon, Inc. (VLCN) are rallying more than 50% Friday morning, after the electric powersports company said it received more than $100 million pre-orders for its fully electric UTV, the Stag. “Stag pre-orders have surpassed our 2023 sales forecast, with dealer demand remaining prevalent following our June 27, 2022 dealer launch,” said Jordan Davis, Chief Executive Officer. Volcon said […]