Carvana Stock Rises as Piper Sandler Advises Buying the Dip After Recent Selloff
Carvana shares gained Thursday as analysts at Piper Sandler advised buying the dip in the online used car retailer's stock after a recent selloff.
Lennar posts lower quarterly profit on sustained market weakness
Lennar Corp reported lower first-quarter profit on Thursday, as high mortgage rates and house prices deterred potential buyers, sending shares down 4% after the bell. "While demand remains strong, persistently higher interest rates and inflation, combined with a downturn in consumer confidence and a limited supply of affordable homes, made it increasingly difficult for consumers to access homeownership," said co-CEO Stuart Miller. For the first quarter ended February 28, Lennar reported a decline in average sales price to $408,000, 1% lower than last year, reflecting continued weakness in the market.
5 things to know about Trump's tumultuous relationship with the Fed
Trump said rates should be lowered as tariffs "ease" their way into the economy. It's not the first time the president has called for the Fed to slash rates.
Solana Futures ETFs Launch, Expected To Boost Institutional Adoption Despite Limited Inflows
Volatility Shares is launching two Solana futures ETFs, the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT).
Trump Becomes First Sitting U.S. President To Speak at Crypto Conference, Renews Pledge To Make U.S. a 'Bitcoin Superpower'
At the Blockworks Digital Asset Summit in Manhattan, President Donald Trump delivered a pre-recorded address, marking the first time a U.S. president has spoken at a crypto conference.
Scholastic (NASDAQ:SCHL) Misses Q1 Revenue Estimates
Educational publishing and media company Scholastic (NASDAQ:SCHL) missed Wall Street’s revenue expectations in Q1 CY2025 as sales rose 3.6% year on year to $335.4 million. Its GAAP loss of $0.13 per share was 83.3% above analysts’ consensus estimates.
Stock of the Day: Temu parent PDD falls 5% as revenue misses estimates and growth slows
The parent company behind Temu disappointed investors with revenue that missed estimates, as consumer activity in China remains sluggish.
Crypto market sentiment hits lows even as Bitcoin holds strong, says LunarCrush CEO
Bitcoin sentiment is at extreme lows despite its bullish structure, says LunarCrush CEO Joe Vezzani.
Markets Are Anxious—But in This Circle, Optimism Abounds
Economists, consumers, and business leaders are antsy. Wall Street analysts are bullish. The share of S&P 500 stock ratings that are bullish is currently at its highest level since August 2022.
FedEx’s (NYSE:FDX) Q1 Sales Beat Estimates But Stock Drops
Parcel and cargo delivery company FedEx (NYSE:FDX) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 1.9% year on year to $22.16 billion. Its non-GAAP profit of $4.51 per share was 2.6% below analysts’ consensus estimates.