Progress Software Stock Jumps on AI Firm's Better-Than-Expected Results, Outlook
Progress Software shares jumped Tuesday, a day after the firm reported strong annualized recurring revenue and net retention rate.
Progress Software shares jumped Tuesday, a day after the firm reported strong annualized recurring revenue and net retention rate.
U.S. job openings fell in February as rising uncertainty over the economy due to tariffs on imports curbed demand for labor. Job openings, a measure of labor demand, dropped 194,000 to 7.568 million by the last day of February, the Labor Department's Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday. President Donald Trump has made a raft of tariff announcements since returning to the White House on January 20, including hefty duties on imports of steel and aluminum and a 25% levy on imported cars and light trucks.
A Dogecoin Foundation developer claimed on X that the blockchain “is no more” and the stray cat guarding the server has "overclocked the Starlink connection."
Employers posted 7.6 million job openings in February, a sign that that the job market is slowing but remains healthy. Layoffs of federal workers hit the highest level since the COVID-19 pandemic slammed the economy in 2020, as Elon Musk's job cuts start to show up in national jobs data. The number of vacancies fell slightly from a revised 7.8 million in January and from a 8.4 million a year earlier, the Labor Department reported Tuesday.
The monthly performance was the third-worst on record, the report said.
Tommy Hilfiger and Calvin Klein owner PVH beat profit and sales forecasts on success of its long-term strategy.
Ulta upgraded, Kroger downgraded: Wall Street's top analyst calls
The company's former COO Samuel Howe also recently exited the business.
Stocks like NVDA, IBKR and HOOD are poised to benefit once Bitcoin resumes its rally.
Oil prices jumped after the US President Donald Trump threatened so-called secondary tariffs on Russia and Iran.