Jack Dorsey, co-founder and CEO of Twitter Inc. Square Inc., listens during the Bitcoin 2021 conference in Miami, Florida, on Friday, June 4, 2021.Eva Marie Uzcategui | Bloomberg | Getty Imagesroadblock The stock closed up 16% on Friday, a day after the payments company reported fourth-quarter earnings that beat analysts' estimates for gross profit and showed strong growth in Square and Cash App revenue.Here's how the company did, compared to the consensus of analysts from LSEG, formerly known as Refinitiv:Earnings per share: 45 cents adjusted, not comparable to estimates Revenue: $5.77 billion vs. $5.70 billion expectedBlock reported $2.03 billion in…
Author: ricardofrancois
Intuitive Machines' Nova-C lunar lander is on display at NASA's Marshall Space Flight Center.NASAshares Intuitive machines The company's stock jumped 16% in trading on Friday after the company's first successful landing on the moon.Intuitive Machines' Nova-C lunar lander, known as “Odysseus,” on Thursday became the first specially developed spacecraft to touch down on the lunar surface — as well as the first American spacecraft to softly touch down on the lunar surface in more than 50 years. Years.The company, based in Houston, Texas, confirmed that the IM-1 lander was standing upright and sending data to Earth.”Odysseus has found his new…
The exterior of the Warner Bros. campus was filmed. Discovery Atlanta after the Writers Guild of America begins its strike against the Alliance of Motion Picture and Television Producers, in Atlanta, Georgia, on May 2, 2023.ELISA indicator | ReutersWarner Bros. DiscoveryIt missed analyst targets for both earnings and revenue in the fourth quarter as advertising declined and the company failed to provide free cash flow guidance for 2024.Warner Bros. shares closed. Discovery is down 10% on Friday after the report.The company's net loss in the fourth quarter was $400 million, or 16 cents per share, compared to a loss of…
Vehicles are on display at a Carvana dealership in Austin, Texas, on February 20, 2023.Brandon Bell | Getty ImagesCarvana Shares rose 30% on Friday after posting their first-ever annual profit and receiving a pair of upgrades by Wall Street analysts.The used car retailer has trimmed inventory and expenses as it rebounds from declines from the height of the pandemic. After the COVID-19 pandemic increased demand for online car sales, the company's stock rose. But after this demand declined, Carvana was forced to begin an aggressive restructuring and cost-cutting process.In an after-hours earnings report on Thursday, the company reported its first…
Every weekday, the CNBC Investing Club with Jim Cramer releases Homestretch — an actionable afternoon update, just in time for the final hour of trading on Wall Street. (We are no longer recording audio, so we can get this new written feature out to members as quickly as possible.) As we prepare for the CNBC Investing Club's annual meeting on Saturday, I asked Jim Cramer for some quick thoughts on some of today's portfolio drivers. “Ford looks really interesting as the electric vehicle market slows down,” Jim said. One of the key highlights of Ford's fourth quarter was a greater…
Taylor Swift performs on stage at Lumen Field in Seattle on July 22, 2023.Matt Hayward/tas23 | Getty Images Entertainment | Getty ImagesThe devil is in the details, but local economies have a friend in Taylor Swift.The American pop star has spent nearly a year criss-crossing the US and the world with her high-flying Eras Tour. The economic impact of the “Karma” singer's show has caught the attention of everyone, from the Federal Reserve to Wall Street.Her tour undoubtedly helped the local economies she visited, according to a new report from Japanese investment bank Nomura. But the company questions how much…
silenced | Digital Vision | Getty ImagesThere are several factors that may influence your path to homeownership, and one of them may be your parents.“If your parents are homeowners, you're more likely to be a homeowner,” says Susan M. Wachter, a professor of real estate and finance at the Wharton School of the University of Pennsylvania.Homeowner parents are more likely to directly help their children with down payments through gifted funds or loans, create multigenerational households to help young people save money, and even impart first-hand knowledge about how to achieve homeownership, experts say.More personal finance: A new FAFSA “loophole”…
Christopher Waller, U.S. Federal Reserve Governor, during a Fed listening event in Washington, D.C., on Friday, September 23, 2022.cyclists | Bloomberg | Getty ImagesFederal Reserve Governor Christopher Waller said Thursday he would need to see more evidence that inflation is cooling before he would be willing to support interest rate cuts.In a political speech delivered in Minneapolis, he concluded by asking: “What is impulsiveness?” Regarding the interest rate cut, the central bank official said that January's higher-than-expected inflation readings raised questions about where prices are headed and how the Fed should respond.”Last week's high CPI reading may just be a…
A construction site featuring new apartments in newly built residential buildings.Patrick Bliol | Image Alliance | Getty ImagesGermany's home building sector has gone from bad to worse in recent months. The economic data paints a worrying picture, and industry leaders appear to be feeling uneasy.“The homebuilding sector is experiencing somewhat of a crisis of confidence,” Dominik von Achten, president of German building materials company Heidelberg Materials, told CNBC on Thursday.“There are too many things that have gone in the wrong direction,” he said, adding that the company's business volumes had declined significantly in Germany.In January, current sentiment and expectations for…
A Rivian electric truck is parked in front of a Rivian service center on August 08, 2023 in South San Francisco, California.Justin Sullivan | Getty ImagesShares of electric car makers Rivian And Clear It fell on Thursday after companies reported disappointing results and stagnant production in fourth-quarter earnings after the bell on Wednesday.Rivian shares fell about 25% and Lucid shares fell about 17% on Thursday.Rivian expects that it will manufacture 57,000 vehicles in 2024, slightly less than the 57,232 vehicles the company produced last year. Lucid said it expects to produce 9,000 vehicles in 2024, an increase of about 7%…