Higher education company Grand Canyon Education (NASDAQ:LOPE) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 5.1% year on year to $292.6 million. The company expects next quarter’s revenue to be around $287 million, coming in 0.5% above analysts’ estimates. Its GAAP profit of $2.84 per share was 1% below analysts’ consensus estimates.
Defunct crypto exchange FTX begins to repay customers—but they’ll only get back a fraction of their crypto holdings
Affected customers with claims of less than $50,000 can access their funds through Kraken or BitGo.
Amplitude (NASDAQ:AMPL) Exceeds Q4 Expectations, Stock Soars
Data analytics software provider Amplitude (NASDAQ:AMPL) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 9.4% year on year to $78.13 million. Guidance for next quarter’s revenue was optimistic at $79.5 million at the midpoint, 2.3% above analysts’ estimates. Its non-GAAP profit of $0.02 per share was in line with analysts’ consensus estimates.
Churchill Downs (NASDAQ:CHDN) Surprises With Q4 Sales
Racing, gaming, and entertainment company Churchill Downs (NASDAQ:CHDN) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 11.2% year on year to $624.2 million. Its non-GAAP profit of $0.92 per share was 4.3% below analysts’ consensus estimates.
FHA job cuts threaten to disrupt major piece of US mortgage market
Staffing cuts at the FHA threaten to disrupt an agency that has historically insured more than 10% of the market.
Memecoin Craze Is 'Unquestionably Over' as Crypto Heads Towards Maturation, Nic Carter Says
The memecoin market, once pitched as a "fair launch" opportunity for traders, has been exposed as a rigged game, Carter said.
Treasuries Rise as Fed Minutes Reveal Discussion of Pausing Balance-Sheet Runoff
(Bloomberg) -- US Treasuries rose after the minutes from last month’s Federal Reserve meeting revealed policymakers discussed pausing or slowing the balance-sheet runoff until the government’s debt-ceiling drama is resolved.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $830 Mill
Bitcoin could see a ‘2020-style crash’ soon, predicts former Alameda co-founder
Bitcoin’s recent low volatility may be misleading, warns former Alameda co-founder Tara McAulay.
Short sellers lose $73 billion amid market rally to start 2025
The 2025 stock market rally has not been kind to short sellers.
Analog Devices Stock Hits All-Time High After Earnings Beat, $10B Buyback Boost
Analog Devices shares soared to an all-time high Wednesday after the company’s fiscal first-quarter results topped expectations and the company boosted its share-buyback program.