The social media company delivered revenue growth that matched industry leaders in the most recently completed quarter. Source link
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(Bloomberg) — Elon Musk’s day-trading fan club is on a buying spree in some of the most speculative parts of the market, from the joke cryptocurrency Dogecoin to a controversial closed-end fund that counts SpaceX among its key holdings — all in hopes that Donald Trump’s election will release more animal spirits. Most Read from Bloomberg Destiny Tech100 Inc. (DXYZ) (ticker DXYZ), which holds shares of private-market unicorns like SpaceX and Sam Altman’s OpenAI, has already surged roughly 280% over the past week since Trump recaptured the presidency, data compiled by Bloomberg show. The rally triggered multiple volatility halts Monday,…
Tucked away in the Simeone Foundation Automotive Museum in Philadelphia, positioned next to a 1950 Allard J2, resides a rare gem in Corvette history. Acquired by Jim Jaeger in 1990, this car is the only original, unrestored 1963 Grand Sport in existence. Of the five built, it’s the only one to retain the original wear and marks from its brief racing stint in the mid-1960s. Even amidst the other original race cars on display, this vehicle’s story shines distinctly—not due to its race victories (though it was undeniably quick)—but for its significant role in the evolution of automotive restoration techniques.…
DevvStream Holdings Inc. has completed its business combination with Focus Impact Acquisition Corp. (FIAC), marking a significant milestone as the first carbon credit generation company to be publicly listed on a major U.S. stock exchange.The combined entity, now named DevvStream Corp., began trading on Nasdaq under the ticker symbol “DEVS” starting November 7.With this transition, FIAC’s Class A and Class B stocks have been converted to DevvStream Corp. common shares, and existing FIAC warrants have been adjusted accordingly.This listing reflects a growing emphasis on carbon markets, positioning DevvStream to lead in technology-driven carbon credit generation, the company said in a…
By Savyata Mishra (Reuters) -Home Depot forecast a smaller drop in annual same-store sales on Tuesday, benefiting from resilient demand from professional contractors, as well as a lift from hurricane-related spending. Shares of the top U.S. home improvement chain rose about 2% in premarket trading as it also posted better-than-expected quarterly results, signaling a rebound in demand amid expectations of a drop in mortgage rates. “As weather normalized, we saw better engagement across seasonal goods and certain outdoor projects as well as incremental sales related to hurricane demand,” CEO Ted Decker said in a statement. Parts of southeastern U.S., including…
The appeal of remarkable barn finds lies in their stories—vehicles forgotten in time, only to be rediscovered and celebrated as icons of automotive heritage. Ranging from classic sports cars to legendary race machines, these discoveries remind us of the hidden gems history has left behind. Here are the top 10 barn finds that have impressed car lovers worldwide. 1964 Shelby Cobra Daytona The Shelby Cobra Daytona is a symbol of American engineering and racing excellence. Only six units were built, yet each was capable of breaking speed records at Le Mans and becoming a legend. 1964 Shelby Cobra Daytona One…
Image source: Getty Images A value stock is one that’s currently trading below its long-term worth. But just because a stock’s share price has fallen significantly, it doesn’t necessarily mean it meets this definition. Take Dr Martens (LSE:DOCS) as an example. When it floated in January 2021, its shares were offered to investors at 370p, valuing the company at £3.7bn. The offer was over-subscribed and they soon climbed to over 500p. Today (11 November), I could buy one for 57.5p. An unfortunate combination of falling sales, supply chain inflation, and logistical problems at its Los Angeles distribution centre, means the…
Home Depot’s quarterly sales rose more than 6% year over year, as it folded in a newly acquired business and hurricane-related repairs and better weather in many parts of the country boosted demand for home improvement supplies, the company said Tuesday.The retailer also raised its full-year outlook to reflect its better-than-expected results. It now projects total sales to increase about 4%, including the impact of acquiring SRS Distribution. It previously expected total sales to rise by between 2.5% and 3.5% for the year. Both of those outlooks include a lift from a 53rd week in the fiscal year and an…
Das Biotechnologieunternehmen Formycon ist heute vom Wachstumssegment in den Prime Standard gewechselt.12. November, 2024. FRANKFURT (Börse Frankfurt). Die Formycon AG (>) notiert seit heute im Prime Standard der Frankfurter Wertpapierbörse, dem Segment mit den höchsten Transparenzanforderungen. Bislang wurden die Aktien im Wachstumssegment Scale gehandelt. Im Zuge des Segmentwechsels fand am Morgen eine Opening Bell Ceremony mit dem Vorstand der Formycon AG auf dem Frankfurter Börsenparkett statt. Die Aktien sind weiterhin über Xetra und Börse Frankfurt handelbar. Spezialist am Handelsplatz Börse Frankfurt ist die Wolfgang Steubing AG Wertpapierdienstleister.Nach eigenen Angaben ist Formycon ein 2012 in München gegründetes Biotechnologieunternehmen mit dem Fokus…
By Kevin Buckland and Harry Robertson TOKYO/LONDON (Reuters) -The U.S. dollar rose to a four-month peak versus major peers on Tuesday, while bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from the incoming Donald Trump administration. The euro languished at a seven-month trough and the yuan slumped to its lowest in more than three months, with Europe and China both targets of potential Trump tariffs. Leading cryptocurrency bitcoin pushed to a new all-time peak of $89,982 and was last at $87,330. Trump has vowed to make the United States “the crypto capital of…