Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric luxury vehicle maker Lucid Group...
Tag: guidance
University Of Idaho Warns Employees Could Face Felony Charges If They Promote Abortion Or Contraception
Topline The University of Idaho sent a warning to employees Friday that promoting abortion or contraception while on the job could be a felony — and stating the university will no longer make birth co...
GitHub unbans Tornado Cash repositories following OFAC guidance
Crypto mixer Tornado Cash has returned to the software development platform GitHub after several weeks of being banned on the website. Ethereum developer Preston Van Loon took to Twitter on Thursday t...
US Senator Wants Congress to Step in With Crypto Guidance — Urges SEC to Provide Much More Clarity on Regulations – Regulation Bitcoin News
U.S. Senator Pat Toomey says Congress should step in and provide a regulatory framework for cryptocurrency. He stressed that the U.S. Securities and Exchange Commission (SEC) is not sharing its framew...
SEC’s Crypto Guidance Pushes US Banks to Rethink Custody Projects: Report
In March, the SEC said all U.S.-listed public companies that function as crypto custodians should account for their crypto exposure as liabilities instead of assets on their balance sheets and disclos...
Oracle Stock Rises. Sales Topped Guidance but Profits Missed.
Text size Oracle’s headquarters. The software giant’s earnings disappointed. Justin Sullivan/Getty Images Oracle posted mixed numbers for the quarter. Revenue edged out guidance, but profi...
Crypto Doesn’t Need More Guidance, SEC Chair Gensler Says
“It doesn’t matter what you hand over to a platform, if you hand over gold, if you hand over bitcoin [BTC] or you hand over any one of 1,000 plus alternative coins, frankly, if you hand over chi...
Okta shares down 12% despite a strong Q2 and raised guidance
Okta Inc (NASDAQ: OKTA) reported market-beating results for its fiscal second quarter and raised future guidance on Wednesday. The stock is still down 12% after the bell. Why are Okta shares down in a...
Is Pure Storage stock a ‘buy’ on raised guidance?
Pure Storage Inc (NYSE: PSTG) jumped nearly 8.0% in extended trading on Wednesday after the data storage provider reported better-than-expected revenue for its fiscal second quarter and raised guidanc...
CrowdStrike Earnings and Guidance Beat Estimates
Text size CrowdStrike’s strong earnings and guidance are a boon for the cybersecurity-software sector. Michael Vi/Dreamstime CrowdStrike posted better-than-expected results for its fiscal second...
Affirm Holdings punished on weak guidance
Affirm Holdings Inc (NASDAQ: AFRM) reported better-than-expected revenue for its fiscal fourth quarter on Thursday. Shares still tanked 15% after the bell on widened loss and weak guidance. Notable fi...
Salesforce Lowers Q3 Guidance Despite Beating Estimates in Q2 Fiscal 2023
The company added in the Q2 fiscal 2023 results that the guidance does not determine the value of the company’s “strategic investment portfolio as it is not possible to forecast future gains and losse...
Dollar Tree shares fall after company cuts guidance, invests in competitive pricing
Dollar General and Dollar Tree stores Getty Images Shares of Dollar Tree fell Thursday after the company cut its financial outlook for the year, citing its push to offer more competitive prices at its...
XPeng Shares Declines on Missed Delivery Guidance in Q3
The shares fell after Xpeng said its expected delivery for Q3 to be between 29,000 to 31,000 units. Chinese electric vehicle (EV) manufacturer Xpeng (NYSE: XPEV) saw its shares close down 10.81% to $1...
Zoom Video Stock Dives. Citi Says Lowered Guidance May Be ‘Too Optimistic.’
Text size Zoom cited soft performance in its online business, a segment focused on smaller businesses and the consumer. Olivier Douliery/AFP/Getty Images Zoom Video Communications stock dived Tuesday ...
Crypto Banks Are One Step Closer to Reality Under New Fed Guidance
After over a year, the Federal Reserve published final guidance detailing how it will assess reserve account applications from banks, ranging from federally supervised entities with deposit insurance ...
PANW Stock: Palo Alto Earnings, Guidance Top Views Amid 3-For-1 Stock Split
Palo Alto Networks (PANW) on Monday reported July-quarter earnings and revenue that topped Wall Street targets amid strong growth in large contracts. Guidance for PANW stock came in above expectations...
Bill.com’s stock soars 17% on strong results, revenue guidance
Bill.com Holdings Inc.’s. stock BILL, -1.31% initially soared 17% in extended trading Thursday after the maker of cloud-based software reported fiscal fourth-quarter results that topped Wall Str...
European Central Bank addresses guidance on licensing of digital assets
The European Central Bank, or ECB, laid the foundation for the criteria it would be considering when harmonizing the licensing requirements for crypto in Europe. In a Wednesday statement, the ECB’s ba...
Dow Futures Dip as Wall Street Seeks Rates Guidance From the Fed
Text size The focus for investors Wednesday will be on minutes from the latest Federal Reserve meeting. Getty Images Stock futures dipped Wednesday after strong earnings reports from Walmart and Home ...
UK Crypto Industry Welcomes New Stablecoin Rules, Awaits Guidance
The BoE will detail its plans to regulate systemic stablecoins, including whether it will be authorizing firms next year, in a consultation, where the government lays out proposed regulatory measures ...
Doctors May Struggle With Incomplete Treatment Guidance, Study Suggests
Topline A lack of high quality and comprehensive information on how to treat and care for monkeypox may be hindering clinicians’ ability to respond to the current global outbreak, according to a new s...
Home Depot Earnings Top, Guidance Reaffirmed As Inventories Swell
Home Depot (HD) topped second-quarter earnings early Tuesday and reaffirmed guidance, even as unsold inventory stacks up. Lowe’s (LOW) is on tap Wednesday, with the home improvement retail gian...
Fed Releases Final Guidance for Crypto Firms Asking To Open Master Account
Crypto firms have received a final guideline to open accounts and payment services that Federal Reserve Banks offer. The Fed published this guideline on August 15. It further revealed that several ins...
US Democratic Senators Want Crypto Guidance Revoked
In an open letter dated August 10, three Democratic Senators led by Sen. Elizabeth Warren from Massachusetts asked the acting Comptroller, Michael Hsu of the Currency, to revoke guidance allowing Nati...
Rivian Keeps 2022 Production Guidance Intact. The Stock Is Still Falling.
Text size The Rivian R1S should start shipping to customers in just a few months. Courtesy of Rivian Electric-truck maker Rivian Automotive reported a wider-than-expected quarterly loss, but more impo...
CDC eases guidance as U.S. has more tools to fight the virus
A sign outside of a hospital advertises COVID-19 testing on November 19, 2021 in New York City. On Friday vaccine advisers to the US Centers for Disease Control (CDC) and Prevention voted unanimously ...
US Senators Warren, Sanders Ask Key Bank Regulator to Rescind Crypto Guidance
U.S Sens. Elizabeth Warren (D-Mass.), Bernie Sanders (I-Vt.), Richard Durbin (D-Ill.) and Sheldon Whitehouse (D-R.I.) asked the Office of the Comptroller of the Currency to rescind interpretative lett...
Novavax slashes sales guidance in half, stock plunges 34%
Novavax Inc. executives slashed their annual sales guidance in half Monday while wildly missing financial expectations, sending shares down more than 30% in after-hours trading. Novavax NVAX, -5.01% n...
NVAX Stock Plummets As Covid Vaccine Sales Lag; Novavax Slashes Guidance
Novavax (NVAX) slashed its 2022 outlook late Monday, citing “evolving market dynamics” facing its Covid vaccine. NVAX stock crashed. X The decision followed a major second-quarter disappoi...
Novavax cuts 2022 revenue guidance in half, stock tanks in after-hours trading
In this photo illustration a silhouette of a man holding a medical syringe and a vial seen displayed in front of the Novavax logo on a screen. Cezary Kowalski | Lightrocket | Getty Images Novavax deep...