Thoughtworks Holding First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Yahoo Finance
Under Armour is collapsing — And Kevin Plank has to take the blame
The Under Armour meltdown continues.
Fortune
AI chip giant Nvidia is about to report first-quarter earnings: Here’s what Wall Street expects as growth looks set to cool
Analysts see Nvidia's earnings per share soaring 474% to $5.22, with revenue up 241% to $24.5 billion.
AFP News
Gold hits record high as Iran shock triggers haven support
The price of gold hit a record high Monday as the shock death of Iranian President Ebrahim Raisi in a helicopter crash boosted support for the precious metal seen as a haven investment."Gold and copper have hit record highs, (and) silver jumped to an 11-year high... after the death of Iran's president in a helicopter crash," noted Neil Wilson, chief market analyst at Finalto trading group.
Insider Monkey
Michael Burry Is Selling These Stocks in 2024
Over the past few years, Michael Burry has gained more media attention with his recession warnings and market crash “predictions” than he did for accurately foreseeing the 2008 financial crisis. But his persistent warnings about recession and market crashes never realized, denting his reputation as an expert and hedge fund manager. Were Michael Burry’s Recession […]
Reuters
'Perfect storm' steers gold to another record high; silver jumps
Gold prices rose to an all-time high on Monday as a cocktail of factors from U.S. rate cut expectations, China's stimulus measures to geopolitical tensions lifted demand, with the momentum also carrying silver to a more than 11-year peak. Spot gold rose 0.4% to $2,424.30 per ounce as of 1529 GMT after hitting a record high of $2,449.89 earlier in the session. Data last week showed that U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend, boosting expectations for a September interest rate cut.
Reuters
Morning Bid: China clouds darken market mood
Broadly speaking, the global backdrop for Asian markets is still bright, with investors confident that the Fed will soon cut U.S. interest rates keeping the dollar, bond yields and volatility in check, and boosting risk assets. But there's a cloud that shows no sign of lifting: China. The economic "data dump" from Beijing on Friday showed that China's recovery is sputtering - investment growth slowed, retail sales expanded at the slowest pace since late 2022, and new home prices fell at the fastest rate in nine years.
Yahoo Finance
Markets brace for Nvidia earnings: What to know this week
A crucial earnings report from AI leader Nvidia greets a stock market that hit new records last week.
Moneywise
Fed up with 'higher for longer' interest rates? Take rate cuts into your own hands with these 3 money moves
Consumers still have some control where their money goes.
The Independent
Who is Roaring Kitty, the 2021 GameStop stock booster, and why did he suddenly return?
Why did Roaring Kitty return, and what — if anything — does it mean for the future of GameStop’s stock prices?
Zacks
New Strong Sell Stocks for May 20th
BABA, ASGN and BGS have been added to the Zacks Rank #5 (Strong Sell) List on May 20, 2024.
Reuters
Fed's Barr: Inflation data 'disappointing,' tight policy needs more time
U.S. inflation data through the first months of 2024 has been "disappointing," Fed vice chair for supervision Michael Barr said on Monday, leaving the central bank short of the evidence it needs to ease monetary policy. "We will need to allow our restrictive policy some further time to continue its work," Barr said, reinforcing the Fed's overarching message that rate cuts, highly anticipated by markets, are on hold until it is clear inflation will return to the Fed's 2% target.
Reuters
Dollar firm as investors await Fed guidance
NEW YORK (Reuters) -The dollar was firm against the euro on Monday as investors awaited further clues to help them figure out the path of U.S. interest rates in the wake of cautious comments from Federal Reserve officials, even as inflation showed signs of cooling. Atlanta Fed President Raphael Bostic said on Monday it will take a while for the U.S. central bank to be confident that inflation is on track back to the central bank's 2% goal. Besides Bostic, several other Fed speakers are due to speak on Monday and later in the week.
Reuters
Wall St, world stocks advance, metals shine
NEW YORK (Reuters) -U.S. stocks followed the example of their European counterparts, gaining ground on Monday while gold and copper touched all-time highs powered by investor optimism over cooling inflation and easing central bank policy. All three major U.S. stock indexes were green, led by the tech-heavy Nasdaq. Commentary from U.S. Federal Reserve officials has reflected the central bank's cautious stance regarding its progress toward reining in inflation and the timing of interest rate cuts.
Yahoo Finance
Secondhand Rolex sales surge in 'underdeveloped' US market
Luxury watch prices are moderating on the secondary market, but retailers like Watches of Switzerland see demand continuing to outpace supply.
Barrons.com
Gold Is at Record Levels. Its Future Still Looks Bright.
Yukon Cornelius, the self-proclaimed greatest prospector from the north in the TV movie Rudolph the Red-Nosed Reindeer, would be thrilled to learn that this year’s bull run in gold shows no signs of slowing down. Other precious metals such as silver stand to gain too, for many of the same reasons. Gold tends to do well during times of dollar weakness.
GOBankingRates
10 Ways the Middle Class Can Save for Retirement and Pay for Rising Costs
Retirement comes with many expenses, including healthcare, long-term care, housing, food, transportation and entertainment -- to name a few. As someone in the middle class, if your goal is to maintain...
Reuters
Oil steady as market waits for more on US inflation and interest rates
NEW YORK (Reuters) -Oil prices were stable on Monday as the market awaited further clues on the likely path of U.S. interest rates in the wake of cautious comments from U.S. Federal Reserve officials, even as inflation shows signs of cooling. Brent futures fell 2 cents to $83.96 a barrel by 11:10 a.m. EDT (1510 GMT), while U.S. West Texas Intermediate (WTI) crude rose 5 cents, or 0.1%, to $80.11. U.S. inflation data through the first months of 2024 has been disappointing, the Fed's vice-chair for supervision, Michael Barr said, leaving the central bank short of the evidence it needs to ease monetary policy.
Simply Wall St.
Exploring Top Dividend Stocks In Hong Kong For May 2024
As of May 2024, the Hong Kong market has shown resilience with the Hang Seng Index gaining 3.11%, reflecting a positive sentiment among investors despite broader global economic uncertainties. This backdrop creates an interesting scenario for dividend-seeking investors, as stable, high-yield stocks could be particularly appealing in such an environment where steady returns are prized amidst fluctuating markets.
GOBankingRates
25 Bad Habits You Must Avoid If You’re Trying To Save Money
A lot can influence how much you save, including your income level, debt load, cost of living and financial habits. If you're trying to up your savings, one way to start is by taking a look at your...
Robb Report
There Are Now More People Worth Over $100 Billion Than Ever
LVMH founder Bernard Arnault remains at the top of the heap.

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Thoughtworks Holding (NASDAQ:TWKS) First Quarter 2024 Results

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Thoughtworks Holding Revenues Beat Expectations, EPS Falls Short

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