Endava PLC DAVA came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -3.45%. A quarter ago, it was expected that this … Read more
Billionaire investor Ray Dalio has highlighted the difficulties faced by the U.S. Federal Reserve as it navigates interest rate cuts amid a heavily indebted economy. What Happened: On Thursday, Dalio the founder of Bridgewater Associates said that the Fed must balance keeping interest rates high enough to benefit creditors while not excessively burdening debtors, Dalio said … Read more
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying ABT stock? Here’s what analysts think: Read Next: Market News and Data brought to you by Benzinga APIs © 2024 Benzinga.com. Benzinga does … Read more
The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, with the index in the “Greed” zone on Wednesday. U.S. stocks settled lower on Wednesday, following the Federal Reserve’s interest rate decision. The U.S. central bank slashed interest rates by 50 basis points Wednesday at its September Federal Open Market … Read more
Editor’s Note: This story has been updated with a statement from Telegram. French prosecutors have placed Pavel Durov, CEO of Telegram, under formal investigation using a stringent new cybercrime law. What Happened: The LOPMI law, enacted in January 2023, criminalizes tech executives whose platforms facilitate illegal activities. This marks the first significant use of the … Read more
Ahead of the 2024 presidential election, former President Donald Trump made headlines with a notable campaign stop in New York City. What Happened: Former President Trump made a campaign stop at PubKey, a crypto-themed bar in New York, on Wednesday. Trump paid for smash burgers and Diet Cokes using Bitcoin BTC/USD, reported The Wall Street … Read more
Speaker Mike Johnson (R-La.) claimed on X that Federal Reserve Chairman Jerome Powell admitted President Joe Biden and Vice President Kamala Harris‘ administration’s immigration policies are contributing to higher unemployment rates. Powell’s comments were made during a postmeeting press conference. What Happened: Johnson shared a video clip where Powell was questioned about the recent job … Read more
Wednesday’s trading session saw the stock market slip into the red following the Federal Reserve’s decision to cut interest rates by 0.5%. This marks the beginning of the central bank’s highly anticipated cutting cycle, the first since March 2020. T The Dow Jones Industrial Average dropped 0.25% to 41,503.10, while the S&P 500 slipped 0.3% … Read more
Antivaccine advocate and former independent presidential candidate, Robert F. Kennedy Jr., stated that he might be appointed by former President Donald Trump to select leaders for key public health agencies, should the former president win a second term. What Happened: Kennedy Jr. disclosed this information during a discussion with conservative commentator Tucker Carlson, as reported … Read more
Carvana Co. shares CVNA are trading higher Wednesday. This surge comes amid heightened overall market strength following a larger-than-expected rate cut by the Federal Reserve. What To Know: The Federal Reserve made headlines by slashing interest rates by 50 basis points (bps) during its September Federal Open Market Committee meeting. This decision brought the federal … Read more
