Michael Cannon-Brookes, co-CEO, Atlassian Scott Mlyn | CNBC Atlassian shares rose as much as 10% in extended trading on Thursday after the provider of collaboration software reported fiscal second-quarter earnings that topped estimates and raised its forecast for subscription revenue. Here’s how the company did: Earnings: 50 cents per share, adjusted, vs. 39 cents as
Month: January 2022
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Dollar remains overwhelmingly the strongest one for the week, as boosted by intensified Fed hike expectations. Sterling is trying to catch and trading as the next stronger, with special help from buying against Euro. Australian and New Zealand Dollar are taking turns to be the worst performer. Euro and Swiss Franc are not too far
Apple’s stock price jumped in after hours trading after CEO Tim Cook said during the company’s Q1 2022 earnings call that he sees considerable potential in the Metaverse space. When asked on Jan. 27 during the call about Apple’s opportunities within the Metaverse, Cook responded “we see a lot of potential in this space and
EUR/USD licks its wounds at the lowest levels in 19 months, recently easing from intraday high. Markets remain lackluster amid mixed concerns over Russia-Ukraine and softer start to Friday. ECB’s Kazimir expects near-term increase in inflation, improvement in German Consumer Confidence teases ECB hawks ahead of key GDP. US Q4 GDP jumped, inflation expectations gained
It wasn’t long ago that the headlines were extolling the valuation of Apple extending above $3T. Since the price reached that milestone back on January 4th, the price has been moving down and down since. Of course the overall market is lower as well. The price of Apple is currently down about 13.4% from that
NEW DELHI: Gold prices tanked on Thursday, bucking the global cues, as the Federal Reserve’s commentary spooked the bullion market. The yellow metal was trading near recent lows. The Federal Reserve decided on March rate hikes that pushed up US Treasury yields and the dollar, while uncertainty over Ukraine capped bullion’s losses. Gold futures on
The U.S. economy grew at a much better-than-expected pace to end 2021 from sizeable boosts in inventories and consumer spending, and despite signs that the acceleration likely tailed off toward the end of the year. Gross domestic product, the sum of all goods and services produced during the October-through-December period, increased at a 6.9% annualized
In this article AAPL Tim Cook participates in a panel discussion in New York City. Brian Ach | Getty Images Apple reports fiscal first-quarter earnings after the bell. The quarter includes Apple’s holiday sales. It’s also the first full quarter of iPhone 13 sales, which will provide a data point about how Apple’s latest phone
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Dollar’s strong post-FOMC rally is given another boost in early US session by much better than expected Q4 GDP data. Latest jobless claims figures also suggest stabilization from the impact of Omicron. But for now, the strength is mainly centered against European majors and Yen. Canadian Dollar is indeed lifted slightly as oil prices extend
On Thursday, the Swiss franc collapsed almost 1%, as Fed policymakers eye the first rate hike in the March meeting. The US Dollar Index marches firmly above 97.00 for the first time since 2020. USD/CHF is upward biased, though a retracement before resuming the uptrend is on the cards. During the North American session, the
The strongest to weakest of the major currencies It’s the day after the FOMC meeting, where Fed chair Powell of the door opened for a lot of things including the potential 50 basis point hike. In actuality, the market has been doing the tightening for the Fed as rates have moved up including mortgage rates
Initial employment claims The US initial jobless claims and continuing claims for the current week shows: Initial jobless claims 260K versus 260K estimate 4-week moving average of initial jobs claims increased to 247K from 232K last week. Continuing claims 1.675M versus 1.635M last week. 4 week moving average of continuing claims decreased to 1.651M vs
New Delhi: Gold in the national capital on Thursday plunged Rs 563 to Rs 48,215 per 10 grams amid weak international precious metal prices, according to HDFC Securities. In the previous trade, the precious settled at Rs 48,778 per 10 gram. Silver also tumbled Rs 1,186 to Rs 62,792 per kg from Rs 63,978 per
A home for sale in Susanville, CA. Gary Coronado | Los Angeles Times | Getty Images Rising interest rates are causing big headaches for mortgage lenders, especially those who depend most on refinance business. Demand is simply drying up. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less)
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