Shares of GoPro Inc. were down 12% in after-hours trading Thursday after the maker of action cameras posted weaker-than-expected revenue for the holiday quarter.
Futures for gold and silver stage a mini rebound after a volatile week for precious metals. Dealers will be closely watching a monthly report on U.S. employment which could influence trade for precious metals.
The U.S. regained a meager 49,000 jobs in January and the unemployment rate fell again to 6.3%, but the economy is still struggling to recover after a record coronavirus surge induced more layoffs at the end of last year.
U.S. stock indexes hold close to record levels Friday morning, with the benchmarks on track for the best weekly gain since the November elections, even though the latest update on employment showed a relatively disappointing gain of 49,000 jobs in January, suggesting that the recovery in the labor market is stalling.
Activision Blizzard Inc. shares rose in the extended session Thursday after the videogame publisher’s holiday-quarter sales and revenue outlook for the current quarter surpassed Wall Street expectations.
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Shares in Kuaishou Technology nearly tripled from their IPO price in early trading Friday, implying a market value of more than $160 billion, versus nearly $61 billion when the share sale was priced.
‘The majority of gig workers are forced to participate in the gig economy not to fund a passion project but to keep food on the table,’ said Cherri Murphy a Lyft driver
Already, the frenzy over WallStreetBets and GameStop is beginning to fade. In its wake, financial markets should be reminded that the most enduring retail investing mania over the last few months has focused on bitcoin.
The extended ban complicates cruise operators’ efforts to restart sailings in North America this year, prolonging their hiatus since voyages came to a halt in March 2020 due to coronavirus outbreaks on ships.
On Thursday, Snap, Pinterest and Unity Software each said they anticipate some issues or headwinds resulting from Apple’s upcoming changes to its privacy settings, seemingly supporting Facebook’s argument that the changes will hurt app makers.
In a blunt and defiant video, Sen. Ben Sasse on Thursday told a Nebraska Republican group to go ahead and censure him for “not bending the knee” to former President Donald Trump.