MongoDB, a prominent database software maker, experienced a significant increase in its shares by as much as 16% during after-hours trading following the release of its fiscal second-quarter financial results. The company exceeded expectations on both fronts, with adjusted earnings per share at 70 cents compared to the anticipated 49 cents, and revenue reaching $478.1
The tech earnings parade continued on Thursday with Marvell Technology leading the way. The stock saw an increase of about 8% after hours following a better-than-expected revenue report for the latest quarter. Despite this positive news, Marvell is still down 18% from its March high. However, in the past month alone, shares have increased by
The latest data from the S&P CoreLogic Case-Shiller U.S. National Home Price Index has revealed that home prices have reached the highest level ever, even as mortgage interest rates were on the rise. The three-month running average ended in June showing prices nationally were 5.4% higher than in June 2023. Although this was a record
The concept of automated retirement savings, such as automatic enrollment and automatic escalation in 401(k) plans, has been praised for its potential to significantly boost employees’ nest eggs. However, recent research suggests that the impact of these policies may not be as positive as originally believed. The Reality of Automated Savings While policies like auto-enrollment
Dollar General, a discount retailer catering to lower-income customers in rural areas, experienced a significant setback as it cut down its sales and profit projections for the fiscal year. The company’s shares plummeted by 25% following the announcement, indicating a lack of confidence from investors in its future performance. This suggests that the economic challenges
As the season of fall foliage and pumpkin spice lattes approaches, the job market also seems to be turning over a new leaf. Career experts are dubbing this phenomenon as the “September surge,” attributing it to an end of the summer slowdown. This surge is characterized by an increase in job postings after Labor Day,
With the legalization of adult-use marijuana in New York state, the cannabis market has seen a significant shift towards luxury consumption. One of the most iconic retail streets in the world, Fifth Avenue, now boasts a new dispensary where shoppers can purchase high-end marijuana products alongside jewelry and designer clothing. This development is a clear
Manhattan, New York: the concrete jungle where dreams are supposedly made of, but at a high price. The median price per square foot in Manhattan sits at a staggering $1,500 according to My Dolce Casa. This means that a modest 500-square-foot condo in the city could set you back a whopping $750,000. However, before you
In the wake of the COVID-19 pandemic, airlines that once aggressively pursued new jets are now changing their strategies. Cash-strapped low-cost carriers and discounter airlines are reevaluating their spending plans to save money and enhance profitability. One of the primary catalysts for this shift is the surge in engine repairs, which has had a significant
In the current economic landscape, purchasing a home has become increasingly challenging for many individuals. Despite being a fundamental part of the American Dream, the combination of higher mortgage rates and a shortage of available houses on the market has led to soaring prices, making homeownership a distant dream for some. The median sales price