Author: Daniel snow
Dev Ittycheria, CEO of MongoDBAdam Jeffery | CNBCMongoDB shares surged 15% after the software company surpassed fiscal first-quarter earnings expectations and raised its outlook, citing growing confidence in its cloud-based database service.Revenues hit $549 million during the period, jumping 22% from more than $450 million in the year-ago period. That topped a $528 million estimate from analysts polled by LSEG. Adjusted earnings per share reached $1.00, surpassing the 66 cents per share projected by analysts.”We are confident in our position to drive profitable growth as we benefit from this next wave of application development,” said CEO and president Dev Ittycheria…
The trade figures are masking a very sluggish economy. Source link
Shai Gilgeous-Alexander #2 and Jalen Williams #8 of the Oklahoma City Thunder react on the bench against the Minnesota Timberwolves during the fourth quarter in Game Five of the Western Conference Finals of the 2025 NBA Playoffs at Paycom Center on May 28, 2025 in Oklahoma City, Oklahoma. Matthew Stockman | Getty ImagesNBA teams notched $1.62 billion in sponsorship revenue this season — an increase of 8% since last year, and 91% from $850 million five years ago, according to third-party data firm SponsorUnited.While the volume of deals was up just 2.5% since last year, the partnerships got bigger and…
My top 10 things to watch Thursday, June 5 1. First-time filings for unemployment insurance totaled 247,000 last week, more than the Dow Jones estimate for 236,000. Continuing claims also moved higher. What will tomorrow’s official jobs report have in store? ADP’s private payrolls number was also weak yesterday. 2. Wall Street was on pace for a modestly higher open this morning after Chinese state media said Xi Jinping and President Donald Trump held a call. The market had been waiting for this news, given Treasury Secretary Scott Bessent had said trade talks between the countries were “a bit stalled.”…
What is the true cost of tariffs? It’s debatable — not only because of political biases, but also because it’s far from straightforward to calculate just how much of the levies consumers end up paying.Even so, it’s possible to estimate how much the price of common items could increase under President Donald Trump’s various tariff proposals. For products like clothing imported from China and Vietnam, U.S. shoppers could have to pay a lot more.To illustrate, retail consultancy group AlixPartners created pricing models exclusively for CNBC, looking at the price of a men’s sweater and men’s shoes made in both China and…
Circle Internet is betting on wider use of its USDC digital currency, which is redeemable one-for-one with the U.S. dollar. Source link
Chinese President Xi Jinping and U.S. President Donald Trump.Dan Kitwoodnicholas Kamm | Afp | Getty ImagesPresident Donald Trump held a phone call with China President Xi Jinping, Chinese media outlet Xinhua reported Thursday.This is breaking news. Please refresh for updates. Source link
The number of people who applied for unemployment benefits last week jumped to an eight-month, but the details of the government’s report show little evidence of a tariff-related rise in layoffs. Source link
U.S. Treasury yields ticked lower on Thursday as investors digested new labor market data.The 2-year yield fell more than 2 basis points to 3.848%, while the 10-year Treasury yield dropped by more than 3 basis points to 4.328%. The 30-year long bond yield pulled back more than 4 basis points to 4.843%.One basis point equals 0.01%. Yields and prices move inversely in the bond market.The latest weekly jobless claims came in higher than expected. First-time filings for jobless benefits came in at 247,000 last week, the Labor Department reported Thursday. That’s more than the Dow Jones estimate of 236,000.The moves lower in yields…
Brand divestments also a feature of what Procter & Gamble CFO Andre Schulten described as a restructuring program. Source link