At first glance, CrowdStrike Holdings' (NASDAQ: CRWD) recent fiscal third-quarter report looked phenomenal. Meanwhile, free cash flow expanded 41% to $174.1 million, a remarkable 30% of its revenue. As a result, shares tumbled more than 15% after the company reported earnings and are now roughly 50% below their 52-week high.
U.S. economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential for the first time in nearly two years, but the signs of slowing were accompanied with fast inflation that, if sustained, would pose a particular dilemma for the central bank. Fed officials through much of their battle with a pandemic-driven breakout of inflation said they thought it would take a period of below-trend growth to really bring price pressures into line, and the 1.6% rate of expansion registered in the first quarter met that mark after a period above the central bank's median 1.8% estimate of noninflationary potential. But prices have remained sticky, with the personal consumption expenditures price index over the first quarter rising at a 3.4% annual rate versus the Fed's 2% target.
Nasdaq beat estimates for first-quarter revenue on Thursday, driven by strong demand for its financial technology products used by traders and investors to navigate the capital markets. Revenue from its financial technology unit surged 71% to $392 million in the first quarter, while revenue from its index business jumped 53% to $168 million. "Our performance underscores the durability of our business model and our ability to deliver growth across uncertain environments," said Adena Friedman, chief executive officer, at Nasdaq on an analysts' call.
New York court says Hollywood mogul, who remains in prison on other charges, did not receive a fair trial.
Honda is set to build an electric vehicle battery plant next to its Alliston, Ont., assembly plant, which it is retooling to produce fully electric vehicles, all part of a $15-billion project that is expected to include up to $5 billion in public money. The two plants are expected to create 1,000 jobs on top of retaining the existing 4,200 jobs at the assembly plant. The deal does not involve production subsidies, which were used to woo two other automakers to build battery plants in Ontario ins
What impact will Labour's pledge to nationalise the railways have?
Sir Captain Tom Moore’s family home where he raised millions for the NHS has been put on sale following a planning row which forced the veteran’s daughter to demolish a spa building on the property.
ALLISTON, Ont. — Honda is set to build an electric vehicle battery plant next to its Alliston, Ont., assembly plant, which it is retooling to produce fully electric vehicles, all part of a $15-billion project that is expected to include up to $5 billion in public money. The two plants are expected to create 1,000 jobs on top of retaining the existing 4,200 jobs at the assembly plant. The deal does not involve production subsidies, which were used to woo two other automakers to build battery plan
Your Porsche collection is about to change.
From scheduling regular check-ins to planning for unexpected expenses, here are a few tips to help you find more balance with your budget.
Defending national champion Michigan will go into preseason practice with a three-man competition to replace J.J. McCarthy. Kansas State transfer Will Howard and Devin Brown are the front-runners to take over at Ohio State for Kyle McCord, who transferred to Syracuse. At Michigan State, the assumption was that Aidan Chiles would be the guy when he transferred from Oregon State, the previous stop for first-year Spartans coach Jonathan Smith.
A private jet overshot a runway while landing in heavy rain at the Comandante Gustavo Kraemer International Airport in Erechim, Brazil, on April 23. Terrifying security footage captured the plane skidding down the runway before plunging down a grass embankment. The three passengers, as well as the pilot and a crew member, suffered minor injuries.
IBM (IBM) shares are falling in Thursday's pre-market trading session, marking their worst single-day decline since 2021. This plunge comes in the wake of the company's first-quarter results, which fell short of revenue estimates. Morning Brief anchors Seana Smith and Brad Smith discuss the report, shedding light on IBM's potential acquisition of cloud service provider HashiCorp (HCP). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Pep Guardiola’s men can close the gap on Arsenal at the top of the table
Spanish steelmaker Acerinox said on Thursday it expects earnings before interest, taxes, depreciation and amortization (EBITDA) to improve only slightly in the second quarter due to the weak European market and the prolonged strike at its Spanish mill. The company said that there is no guarantee that the labour dispute at its Spanish steel mill Cadiz will be resolved in the short term. "The European market continues to be weak and has not experienced the expected recovery...even with the reduction in supply," the company said.
The company has no debt but a growing net loss, while Palantir is the stronger peer
Just in time for the NFL Draft, the Yahoo Sports app on iOS is launching a new feature that enables fans to react to draft picks with emojis.
Here's everything to know about Enneagram personality types, according to expert Nanci Garoon, business operations manager at the Enneagram Group
In 'We All Shine On,' the late Beatle's trusted confidant tells the story of John Lennon and Yoko Ono's tumultuous relationship
“Over there, two lions doing what lions do best. Snoozing” said our guide, pointing at a lioness stretched out under a Kalahari apple-leaf tree. Eyes closed, legs sprawled, tail flicking from side to side. Close by her, cubs were cuffing each other lazily. Grabbing my camera, the words “utterly adorable” sprung to mind until, a few yards away, I spotted a baby giraffe, also stretched out on its side, but with two more lions gnawing hungrily at its ribs.
NFL top prospect Caleb Williams' has thanked his dad and mom for their continuous support
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