Author: News Room

SEATTLE – Expedia (NASDAQ:) Group, Inc. (NASDAQ: EXPE) reported its first-quarter financial results, surpassing analyst expectations for earnings per share (EPS) but presenting a less optimistic outlook for topline growth. The travel platform reported an adjusted EPS of $0.21, significantly beating the analyst estimate of -$0.14. Revenue for the quarter was also higher than expected, coming in at $2.89 billion against the consensus estimate of $2.81 billion.Despite the earnings beat, Expedia’s stock fell by 9% as investors reacted to EXPE reducing its topline growth outlook.The company’s CEO, Peter Kern, acknowledged the mixed results, stating, “Our first quarter results met our…

The Mexican Peso edges higher in most pairs on an upbeat market mood.  Investors are relieved the Fed did not suddenly change course and threatened to raise interest rates at its May meeting.  Mexico S&P Global Manufacturing PMI data eases lower but remains in expansionary territory.  The Mexican Peso (MXN) edges higher in most pairs on Friday as investor risk appetite remains strong, supporting commodity-related currencies and risk-sensitive FX such as the Mexican Peso.  Asian markets tracked Wall Street higher overnight as fears melted away following the slightly dovish outcome of Wednesday’s Federal Reserve (Fed) meeting. Investors had started to…

Coinbase, the premier US crypto exchange, surpassed Wall Street predictions significantly. It reported a net income of $1.18 billion, or $4.40 per share, in the first quarter of 2024. This remarkable achievement contrasts sharply with the prior year’s loss of $78.9 million, or 34 cents per share. Notably, this quarter marks the company’s first profit in two years, a milestone revealed in February. Coinbase Releases Q1 2024 Report The substantial net income includes a $650 million mark-to-market gain on crypto assets. This gain follows the adoption of updated accounting standards by Coinbase. The total revenue increased 72%, quarter-on-quarter, hitting $1.6…

Hear Biden’s full remarks on nationwide protests erupting across college campuses President Joe Biden speaks from the White House about the ongoing protests that have roiled college campuses across the country saying students and others have a right to voice dissent, but not breaking the law.

Topline Former President Donald Trump said he is unable to testify in his hush money case because of “an unconstitutional gag order” imposed against him—though the gag order does not actually prohibit him from taking the stand. Key Facts “Well I’m not allowed to testify, I’m under a gag order,” Trump said after court Thursday before adding his legal team will be appealing the gag order imposed by Judge Juan Merchan, who Trump said was “totally conflicted.” Trump is under a gag order that prevents him from making public statements about potential witnesses, jurors, counsel and others in the case…

A new report says China’s $229 billion military budget in 2022 was actually equivalent to $711 billion.A similar figure was touted by lawmakers last year when they cited US intelligence estimates.The report, by think tank AEI, breaks down that figure to show where China’s money is likely going to. In June 2023, Sen. Dan Sullivan of Alaska warned Congress that China’s military was catching up to America’s faster than previously imagined.The US intelligence community, the Republican senator said, estimated that Beijing spent an equivalent of $700 billion on its defense budget in 2022 — more than triple its reported topline…

LONDON (Reuters) – Central banks in Australia, Britain and Sweden will meet next week, as markets assess how much leeway the U.S. Federal Reserve has to cut rates this year. Traders are on alert for Japanese currency intervention, while weighing up the effects of U.S. market turbulence. And the around-the-world election tour makes a pit-stop in Panama.Here’s what is in store for global markets in the week ahead from Rae Wee in Singapore, Ira Iosebashvili in New York, Andy Bruce in Manchester, and Naomi Rovnick and Marc Jones in London. 1/ DISTURBING GOLDILOCKSU.S. consumers are in focus as the University…

Investing.com – European stock markets traded in a mixed fashion Friday, with investors digesting more corporate earnings, including from iPhone maker Apple (NASDAQ:), ahead of the release of the key monthly U.S. jobs report.At 03:20 ET (07:20 GMT), the in Germany traded 0.2% higher, the in France dropped 0.3% and the in the U.K. traded largley flat.Corporate earnings session continuesEuropean markets have received a strong lead-in from Wall Street, supported by technology shares as positive news from Apple supported sentiment. However, there is a degree of caution ahead of the release of key U.S. employment data.Apple’s quarterly results and forecast…

US Nonfarm Payrolls are forecast to rise by 243K in April, down from March’s 303K gain. The United States Employment report will be released by the Bureau of Labor Statistics at 12:30 GMT. The US Dollar looks to employment data after the Fed signaled its intention to hold rates higher for longer on Wednesday. Following Wednesday’s US Federal Reserve (Fed) policy announcements, attention turns toward the high-impact Nonfarm Payrolls (NFP) data, slated for release on Friday at 12:30 GMT. The US labor market data will be published by the Bureau of Labor Statistics (BLS) and will help determine the scope…

Ethereum price started a recovery wave from the $2,820 zone. ETH is rising and now facing a major hurdle near the 100-hourly simple moving average. Ethereum found support at $2,820 and started a recovery wave. The price is trading below $3,050 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it fails to clear the $3,050 resistance. Ethereum Price Faces Key Hurdle Ethereum price extended losses below the $3,000 level, like…