GitLab surges after Q3 results πŸ“ˆ

After falling 7% for the day, GitLab surged almost 20% to $45 after hours when they posted quarterly results. Analysts had forecasted a loss of $0.15 per share on revenue of $106 million. GitLab racked up $113 million in revenue instead, with a $0.10 loss per share.

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Adani’s stock up after massive turmoil

After falling approximately 75% in just a few weeks, Adani Group’s stock surged 15.28% on Tuesday. The positivity around the company was influenced by the founders prepaying nearly $1.1 billion in loans.

Apple plunges after earnings

After rising 3.7% on Thursday, Apple stock dived 3.2% after the earnings report. This is because Apple recorded the biggest quarterly sales decline since 2016: $117.2 billion vs. the expected $121.88 billion. The EPS is 1.88 instead of the forecasted 1.94.

META surges 20% overnight πŸ“ˆ

Meta stock jumped 20% in after-hours trading after the earnings report. This is despite the fact that the forecasted 2.26 EPS was actually 1.76. However, revenue exceeded expectations of $31.53 billion with $32.17 billion. Meta also announced a $40 billion stock buyback.

SNAP plunges after earnings πŸ“‰

Despite meeting the market forecast, Snapchat fell 15% in after-hours trading, dropping below $10. The company delivered $1.3 billion in revenue as projected, and exceeded 0.11 EPS expectations with 0.14.

Adani’s stock falls more than 16% πŸ“‰

After Hindenburg accused Adani Group (ADANIENT) of massive fraud, the stock plunged significantly. The stock is now down over 16% in just one day and 33% from its peak.

Tesla stock soars 7% πŸ“ˆ

Tesla’s stock surged 7% after Q4 results revealed the company’s annual revenue experienced growth for the 10th year in a row. The company made $24.3 bn in revenue and $1.19 in EPS. Tesla delivered 405,000 cars in Q4.

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Binance donates $5 million to Turkey

Binance pledged to donate $100 in BNB tokens to every user affected by the 7.8 magnitude earthquake that happened in Turkey. This would be roughly $5 million in total, according to CZ, the CEO of Binance.

Adani’s stock up after massive turmoil

After falling approximately 75% in just a few weeks, Adani Group’s stock surged 15.28% on Tuesday. The positivity around the company was influenced by the founders prepaying nearly $1.1 billion in loans.

RBA lifts interest rates by 25 bps

The Reserve Bank of Australia increased interest rates by 25 bps from 3.1% to 3.35%. The interest rates were raised for the ninth time in a row, bringing borrowing costs to a level not seen more than a decade.

Genesis reaches a bankruptcy deal

Genesis Global Capital (GGC), Digital Currency Group, Gemini, and other creditors have come to a bankruptcy agreement to recover assets. There are over $2 billion in claims against GGC.

Janet Yellen doesn’t see a recession

“I envision a scenario in which inflation is dropping significantly and the economy is continuing to be strong,” Treasury Secretary Janet Yellen has remarked. “Having the lowest unemployment rate in more than 50 years and creating 500,000 new jobs doesn’t seem like a recession to me,” she added.

DXY jumps above 103

After almost falling to 100, the dollar index (DXY) surged above 103. This is for the first time since early January on rising hopes that the Fed will continue to hike interest rates. It was affected by the better-than-expected US jobs report.

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Stablecoins are being adopted on a global scale

Stablecoins are gaining a lot of popularity due to their notable benefits compared to traditional payment systems.
GBP/USD falls below psychological 1.20 amid USD strength
GBPUSD
-0.25%

GBP/USD falls below psychological 1.20 amid USD strength

Traders bought the USD broadly today, sending the GBP/USD pair lower.

Norwegian Cruise: Stock dilution possible due to ruined balance sheet

Norwegian Cruise Line Holdings (NCLH) was a great company until COVID-19 changed the business model dramatically. Now it poses a threat to investors.
EUR/USD touches 2-week lows ahead of Powell’s speech
EURUSD
-0.62%

EUR/USD touches 2-week lows ahead of Powell’s speech

Volatility could be highly elevated today as investors will react to Jay Powell's speech.