News

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.

Arm shares surged Thursday following a report the chip designer is developing its own chip, with tech giant Meta set to be one of its first customers.

Cybersecurity provider Palo Alto Networks (NASDAQ:PANW) announced better-than-expected revenue in Q4 CY2024, with sales up 14.3% year on year to $2.26 billion. The company expects next quarter’s revenue to be around $2.28 billion, close to analysts’ estimates. Its non-GAAP profit of $0.81 per share was 3.9% above analysts’ consensus estimates.