For the quarter ended March 2024, Amplitude, Inc. (AMPL) reported revenue of $72.62 million, up 9.2% over the same period last year. EPS came in at $0.01, compared to -$0.04 in the year-ago quarter.
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Amplitude, Inc. (AMPL) : Free Stock Analysis Report
Artificial intelligence, a game-changing technology, has the potential to revolutionize the stock market in the years to come. Due to inevitable advancements in technology, some stocks may experience...
The Fed's stance of holding interest rates higher for longer likely won't be shaken following a fresh reading from the central bank's favored inflation gauge.
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A number of high-ranking executives at Taobao and Tmall Group have retired, paving the way for a younger generation of leaders to take the reins of Alibaba Group Holding's core e-commerce unit, as competition heats up with rivals such as PDD Holdings' Pinduoduo and ByteDance-owned Douyin. Senior executives that include Wang Hai, Liu Peng, Yu Feng and Wang Mingqiang retired from Taobao and Tmall Group on May 1, according to Chinese media reports on Wednesday. Their exit comes several months after
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Treasury yields (^TYX, ^TNX, ^FVX) are on the decline this morning after inflation data from the PCE (Personal Consumption Expenditures) Index came in line with expectations with April's core PCE rising 0.2% month-over-month and 2.8% year-over-year. As inflation slows but price pressures remain a big risk, what does this print mean for the bond market? JPMorgan US CIO for Fixed Income, Currencies, and Commodities Kay Herr sits down in-studio with Yahoo Finance's Catalysts to look deeper into April's inflation data and what this means for the Federal Reserve's inflation rate target. "If you look underneath in some of the details, if you look on a three-month annualized basis, we've gone from a 4.4% number in March down to 3.46% in April. That's a pretty meaningful step down," Herr explains. "If you look on a month-over-month [basis], in April that was running 0.33%, March we're running 0.249%. And then on an average monthly basis in the first quarter, things were at about 0.36%, for April [it's] 0.25%. So a reasonable step down moving in line with what the Fed thinks." Herr underlines the Fed's dual mandate objective in regulators' decision on cutting interest rates or holding them higher for longer: "We're going to start to see a little bit of softness in in the labor market. And that's going to lead the Fed... to move toward cutting rates, yes."For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
Whether it’s being set on fire multiple times or jumping off an 80ft cliff, there isn’t much veteran stuntman Riky Ash hasn’t done.
China's deeply indebted property giant Evergrande has been fined $576 million for fraudulent business practices, Beijing's top financial regulator said Friday.The CSRC said it had also imposed a maximum fine of $6.5 million on Evergrande founder Xu Jiayin, also known as Hui Ka Yan, banning him from the securities market for life.
Microsoft Corp (NASDAQ:MSFT) is concerned about some of OpenAI’s business dealings, particularly a potential agreement between OpenAI and Apple Inc (NASDAQ:AAPL). Satya Nadella recently met with OpenAI CEO Sam Altman to discuss this deal involving integrating OpenAI services into Apple products. Nadella’s concerns stem from the potential impact on Microsoft’s product ambitions, the Business Insider reports. Apple’s deal with OpenAI will solidify Altman’s control over the company after his brief
Bitcoin and other cryptocurrencies were mostly rising on Friday. The largest crypto has lost the limelight to Ether this month but that could be short-lived. Bitcoin hit a record high near $74,000 in mid-March amid a surge of interest from new spot exchange-traded funds but its price has dropped since then.
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U.S. stock markets were set to open in the red again on Friday ahead of key inflation data. Equity markets are still on edge despite bond yields dropping. Dow Jones Industrial Average futures were down 45 points, or 0.1%.
NEW YORK (Reuters) -The Dow and S&P 500 ended higher on Friday and the Dow registered its biggest daily percentage gain since November 2023 as month-end repositioning drove a late sharp rally, with all three major indexes posting strong gains for May. Almost all of the major S&P 500 sectors ended higher, with the energy sector up 2.5%. "We definitely saw a spike in volume toward the end," said Joe Saluzzi, co-founder and co-head of Equity Trading at Themis Trading in Chatham, New Jersey, noting it was probably related to month-end repositioning.
The report showed the core personal consumption expenditures price index, which the Fed uses to gauge underlying price pressures, rose 0.2% in April from March, following a 0.3% increase the prior month. "The PCE data confirms price increases aren’t as sticky as feared, keeping hopes of at least one rate cut on the table," said David Russell, global head of market strategy at TradeStation. The inflation data still shows price pressures remain above the Fed's 2% target, with the year-over-year rise in the PCE index measuring 2.7% in April, the same rate as in March.
We recently compiled a list of the 12 Best Up and Coming Stocks To Buy According to Hedge Funds and in this article, we discuss whether DraftKings Inc. (NASDAQ:DKNG) is the best up-and-coming online gambling stock to buy now. Despite the concerns surrounding the market over the last few years, the broader market has performed […]
Alibaba Group Holding Limited (NYSE:BABA), through its online platform AliExpress, has significantly increased its presence in South Korea, doubling its users to 8.58 million by April, according to Wiseapp. Alibaba earmarked $1.1 billion for South Korea to build a new logistics center. This expansion comes amid fierce competition from domestic e-retailer Coupang, Inc (NYSE:CPNG), which is aggressively investing in advanced technologies and logistics to maintain its market share, taking a cue fro
(Reuters) -Nvidia could soon surpass Apple to become the world's second-most valuable company, as the biggest beneficiary of the surge in adoption of AI applications takes on the iPhone maker that has been the largest Wall Street firm by market value for years. The reliance of virtually all artificial intelligence applications such as OpenAI's ChatGPT on Nvidia's high-end chips has helped the stock nearly triple in value over the past year to $2.68 trillion. In contrast, Apple ceded its No. 1 spot to Microsoft earlier this year as the once high-flying company grapples with weak demand for its iPhones and tough competition in China.
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