News

Fantasy sports and betting company DraftKings (NASDAQ:DKNG) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 13.2% year on year to $1.39 billion. On the other hand, the company’s full-year revenue guidance of $6.45 billion at the midpoint came in 1.1% above analysts’ estimates. Its non-GAAP profit of $0.14 per share was significantly above analysts’ consensus estimates.

A man wants to buy a landfill in order to look for and retrieve a Bitcoin hard drive that he lost in 2013 and that is worth millions of dollars.

Eggs and housing costs contributed to accelerating inflation in January, which indicates it'll be a while until the next rate cut.

Cryptocurrency exchange Coinbase (NASDAQ:COIN) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 138% year on year to $2.27 billion. Its GAAP profit of $4.68 per share was significantly above analysts’ consensus estimates.

Software development tools maker JFrog (NASDAQ:FROG) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 19.4% year on year to $116.1 million. The company expects next quarter’s revenue to be around $117 million, close to analysts’ estimates. Its non-GAAP profit of $0.19 per share was 36.7% above analysts’ consensus estimates.

Stocks rallied on Thursday as investors digested fresh inflation data and new tariff announcements from President Trump.

Online accommodations platform Airbnb (NASDAQ:ABNB) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 11.8% year on year to $2.48 billion. On the other hand, next quarter’s revenue guidance of $2.25 billion was less impressive, coming in 2.2% below analysts’ estimates. Its GAAP profit of $0.73 per share was 25.5% above analysts’ consensus estimates.