Audio technology Sonos company (NASDAQ:SONO) announced better-than-expected revenue in Q4 CY2024, but sales fell by 10.1% year on year to $550.9 million. Its non-GAAP profit of $0.64 per share was significantly above analysts’ consensus estimates.
Watch These Skyworks Solutions Price Levels as Stock Dives on Weak Mobile Revenue Outlook
Skyworks Solutions' stock plummeted more than 24% Thursday after the analogue chipmaker projected a slowdown in its mobile business revenue. Monitor these longer-term price levels on the monthly chart.
Oil Dips as Trump’s Iran Plans, Vow to Lift Output Swing Market
(Bloomberg) -- Oil edged down as US President Donald Trump’s renewed pledge to drive down the price of crude overshadowed his push for tighter Iranian sanctions.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneTransportation Memos Favor Places With Higher Birth and Marriage RatesState Farm Seeks Emergency California Rate Hike After FiresHow London’s Taxi Drivers Navigate the City Without GPSWest Te
Attention federal employees: It may be hard to get a private sector job right now
Federal workers have a big decision to make on Thursday. That’s the deadline for accepting the Trump administration’s deferred resignation offer, which will allow them to quit their federal job while still being paid through September.
Musk’s value on Wall Street is rising as banks find buyers for X loans
Banks this week sold $5.5 billion in debt tied to Elon Musk’s 2022 buyout of Twitter, signaling that Wall Street's confidence in Musk is rising alongside the billionaire’s elevated status in Washington.
Brazil's Galipolo sees surge in crypto use, says 90% of flow tied to stablecoins
Stablecoins are pegged to real-world assets, such as the U.S. dollar, and therefore fluctuate much less than other crypto assets like bitcoin. Speaking at a Bank for International Settlements event in Mexico City, Galipolo said policymakers see this trend as primarily driven by the use of cryptocurrencies as a means of payment, posing challenges for oversight and regulation. He also argued that Brazil's Drex is not fundamentally a central bank digital currency but rather an infrastructure aimed at improving credit with collateralized assets, in a context where local financing costs are high due to the limited use of guarantees.
Dogecoin whales buy 750 million DOGE as analyst predicts 200% surge
Dogecoin whales have accumulated 750 million DOGE amid a market dip, signaling strong confidence in a potential rally.