Yahoo Finance’s Brian Sozzi and Alexis Christoforous break down Boeing’s latest earnings report with Peter McNally, Third Bridge Global Sector Lead....
(Bloomberg) -- Investors don’t seem too pleased with results from Blue Apron Holdings Inc.The shares dropped as much as 33% on Wednesday, their biggest slump in a month, after the spreading pandemic built up anticipation for Blue Apron’s meal-kit business. The stock had risen 450% from its March lows before Wednesday.The quarterly loss widened to $20.1 million compared to $5.3 million a year earlier. And if you check out key customer metrics, while orders are up from Dec. 31, they’re still solidly below the levels seen in the period ended March 31, 2019.Analysts were also expecting a greater increase in revenue per customer, while quarterly sales fell from last year. Total sales slipped to $101.9 million from $141.9 million a year earlier, although the average revenue per customer rose to $271 from $258. Still, Canaccord analysts had expected about triple the growth in revenue per customer compared to the 5% boost...
Bitcoin has officially broken out above the $8,000 level of resistance with a stunning 7.86% rally over the past 24-hours. At the time of writing the world's largest cryptocurrency is trading at around $8,350 with a potential upside price target emerging at $8,830. A grand total of $55 million in short positions have now been liquidated on derivatives exchange BitMEX, according DataMish. Bitcoin is now trading back above the daily 200 moving average for the first time since early March to indicate a clear shift in sentiment and optimism leading up to the block reward halving. With the halving being less than two weeks away traders are clearly attempting to enter the market before supply is suppressed. The halving will...
Stocks advanced Wednesday morning as investors considered positive updates from Gilead over the results of a trial of its coronavirus treatment candidate. The news eclipsed a dismal report on first-quarter gross domestic product, which showed the U.S. economy shrank on an annualized basis for the first time since 2014....
