NEW YORK - Arista Networks , Inc. (NYSE:ANET) reported third-quarter earnings that surpassed analyst expectations, but its stock tumbled 10% in after-hours trading. The company...
BOSTON - Toast Inc. (NYSE: NYSE:TOST) shares soared 29% in after-hours trading on Thursday after the restaurant technology company reported better-than-expected third-quarter...
SAN FRANCISCO - Sunrun Inc . (NASDAQ:RUN) shares jumped 3% after the residential solar company reported third quarter results that beat expectations for storage installations,...
SAN FRANCISCO - Cloudflare, Inc. (NYSE:NET) reported better-than-expected third-quarter earnings and revenue but saw its shares plummet 9% in after-hours trading due to a...
SEATTLE - Expedia (NASDAQ:EXPE) Group, Inc. (NASDAQ:EXPE) reported third-quarter earnings that surpassed analyst expectations, driving its shares up 8.5% in after-hours trading....
NEW YORK - Akamai Technologies Inc . (NASDAQ:AKAM) reported third-quarter earnings that missed analyst expectations and provided a disappointing outlook, sending its shares down...
In a recent economic turn of events, the Consumer Credit figures have reported a significant downturn. The actual figure came in at $6.00B, falling short of the predicted forecast...
U.S. government bond yields have been on a run lately, moving sharply higher, and the Federal Reserve is keeping an eye. At a news conference Thursday, Federal Reserve Chair Jerome Powell was asked if he was concerned about the growth risks presented by higher bond yields, given that inflation is trending lower. Powell said it was something the central bank was monitoring.
The Fed delivered its second consecutive rate cut Thursday, but all eyes now shift to its growth and inflation forecasts for 2025 and beyond.
WASHINGTON (Reuters) -U.S. mortgage rates increased to a four-month high this week and could rise further amid fears that President-elect Donald Trump's proposed economic policies could stoke inflation. The average rate on the popular 30-year fixed-rate mortgage climbed to 6.79%, the highest level since July, from 6.72% last week, mortgage finance agency Freddie Mac said on Thursday. As supply remains below pre-pandemic levels, rising mortgage rates and elevated house prices have combined to stifle sales of previously owned homes, which hit a 14-year low in September.