Dev Ittycheria, CEO, MongoDB.Scott Mlyn | CNBCMongoDB shares jumped as much as 16% in extended trading Thursday after the database software maker reported healthy fiscal second-quarter earnings and pushed up full-year guidance.Here’s how the company did against LSEG consensus:Earnings per share: 70 cents adjusted vs. 49 cents expectedRevenue: $478.1 million vs. $464.1 millionMongoDB’s revenue grew 13% year over year in the quarter that ended July 31, according to a statement. The quarter’s net loss came to $54.5 million, or 74 cents per share, compared with $37.6 million, or 53 cents per share, in the same quarter a year ago.”We believe…
Author: usaeverydaylife
While the S & P 500 is on pace to close out this volatile trading month higher, some individual stocks may still be due for a pullback. On Friday, the final trading day in August, the S & P 500 and the Dow Jones Industrial Average are on pace for monthly gains of roughly 1%. This would mark the fourth consecutive winning month for both indexes – which overcame a sharp global sell-off on Aug. 5. Given this backdrop, CNBC Pro used its stock screener tool to search for Wall Street’s most overbought and oversold names based on their 14-day…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailStuart Keiser, Citi head of equity trading strategy, joins ‘Fast Money’ to talk the state of the markets, the U.S. consumer, the possibility of a recession and more,04:58Tue, Aug 27 20247:02 PM EDT Source link
Inflation edged higher in July, according to a measure favored by the Federal Reserve as the central bank prepares to enact its first interest rate reduction in more than four years.The Commerce Department reported Friday that the personal consumption expenditures price index rose 0.2% on the month and was up 2.5% from the same period a year ago, exactly in line with the Dow Jones consensus estimates.Excluding volatile food and energy prices, core PCE also increased 0.2% for the month but was up 2.6% from a year ago. The 12-month figure was slightly softer than the 2.7% estimate.Fed officials tend…
Danny Werfel, IRS commissioner, speaks after being ceremonially sworn in at the IRS headquarters in Washington on April 4, 2023.Ting Shen | Bloomberg | Getty ImagesThe IRS will deny billions of dollars’ worth of claims for a pandemic-era tax break while working to process lower-risk filings, the agency said on Thursday afternoon.Enacted to support small businesses during the Covid-19 pandemic, the employee retention credit, or ERC, is worth thousands of dollars per eligible employee. However, the agency stopped processing new filings in September amid a surge of “questionable claims,” the IRS said in a news release.The agency added that it…
Democratic presidential nominee Kamala Harris in a new interview Thursday defended her vice presidential record on immigration and blamed her Republican rival Donald Trump for killing a bipartisan bill aimed to address the U.S.-Mexico border.Harris said her work to address the root causes of U.S. migration from the so-called Northern Triangle “has actually resulted in a number of benefits, including historic investments by American businesses in that region.””The number of immigrants coming from that region has actually reduced since we began that work,” she told CNN anchor Dana Bash in her first sit-down interview since becoming the Democratic nominee.Harris said…
Despite post-pandemic return-to-office mandates, remote work persists and and has even helped to reshape cities across the world. Still, some countries are more welcoming to digital nomads than others.Recently, the experts at Global Citizen Solutions released its annual Global Digital Nomad Report, ranking the best countries for digital nomads in 2024. The report looked at 65 countries that identify as the most accommodating countries and jurisdictions for digital nomads.To rank the countries, the report analyzed 12 key indicators that were assigned across the following five sub-indexes:Visa costsVisa benefitsQuality of lifeEconomic environmentTech and innovationLaura Madrid Sartoretto, lead researcher at Global Solutions Intelligence Unit, tells CNBC Make…
Grace Cary | Moment | Getty ImagesTravelers, be warned: The federal government may revoke your passport if you ignore a big tax bill.Such punishments have become more frequent in recent years, experts said.Federal law requires the IRS and Treasury Department to notify the State Department if an American has a “seriously delinquent tax debt.”This is a large federal debt — of more than $62,000 in 2024 — that the taxpayer has repeatedly ignored.The debt threshold includes aggregate total federal tax liabilities, plus penalties and interest, levied against an individual. It’s adjusted annually for inflation.The State Department generally won’t issue a…
Michael Dell at the Allen & Company Sun Valley Conference on July 12, 2024 in Sun Valley, Idaho. David Grogan | CNBC Dell reported quarterly results on Thursday that beat Wall Street expectations, powered by an 80% increase in server sales. The stock rose more than 3% in extended trading.Here’s how the company did for the fiscal second quarter versus LSEG consensus estimates:Revenue: $25.03 billion vs. $24.53 billion expectedEPS: $1.89 adjusted, vs. $1.71 expectedNet income climbed 85% to $841 million, or $1.17 per share, from $455 million, or 63 cents per share, in the year-ago period. Revenue increased about 9% from $22.93…
By Shams Charania, Marcus Thompson II and Mark PuleoThe end of Steph Curry’s contract with the Golden State Warriors got farther away Thursday, as the star guard agreed to a one-year extension worth $62.6 million to keep him with the team he’s won four titles with through the 2026-27 season, a league source confirmed.With the new extension, Curry has $178 million left on his contract, according to data from Spotrac.The two-time MVP will turn 37 on March 14 but has maintained his All-NBA level production, averaging 26.4 points last season in 74 games and shooting above 40 percent from 3…
