Author: News Room

Introduction QuinStreet (NASDAQ: QNST) is in a precarious situation for both the company and the stock. As it currently makes a growing loss and declining revenues, it is bizarre to find that the company is trading higher than it was when it had better fundamentals and some flattened growth year-over-year. Company Profile QuinStreet is a marketing company that targets the financial space and home services. While they have a few products, notably their customer acquisition (or performance marketing) services and QuinStreet Rating Platform (QRP). However, since their most recent 10-K filing places more emphasis on their marketing business and it…

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Shiba Inu (SHIB), the dog-meme-inspired ERC-20 token that powers the Shiba Inu web3 ecosystem, has had a higher market capitalization than Tron (TRX), the cryptocurrency that powers the Tron blockchain protocol, since mid-March.This partially reflects suppression of the TRX price owing to news last month that the US Securities and Exchange Commission (SEC) is going after the Tron blockchain’s founder Justin Sun over alleged securities fraud.Shiba Inu last had a market capitalization of around $6.5 billion, while Tron’s was closer to $6.0 billion.That makes the two cryptocurrencies the 14th and 15th largest in the world by market capitalization respectively, according…

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. In an unusual coincidence, the US jobs report was released on a holiday Friday — meaning stock markets were closed when the closely-watched economic data came out. It was the first monthly payroll report since Silicon Valley Bank and Signature Bank collapsed. It also marked a full year of jobs data since the Federal Reserve began hiking interest rates in March 2022. While…

We believe UPS stock (NYSE: UPS) and its peer FedEx stock (NYSE: FDX) will offer similar returns in the next three years. Although UPS is trading at a comparatively higher valuation multiple of 1.6x trailing revenues than 0.6x for FedEx FDX , this valuation gap is justified, given the former’s superior revenue growth, profitability, and financial position. Looking at stock returns, FedEx, with 33% returns this year, has fared much better than UPS stock, up 9%, and the broader S&P500 index, up 7%. There is more to the comparison, and in the sections below, we discuss the possible returns for…

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar rose to a five-day high against the Japanese yen on Monday as authorities’ efforts to rein in worries over the global banking system helped soothe investor nerves. The U.S. currency, however, clung to a narrow range against most major currencies as investors appeared hesitant to place big wagers in either direction as they sought clarity on the fallout from the recent collapse of two U.S. lenders and the rescue of Credit Suisse. “Feels like a market that is tired with overnight ranges very narrow and volumes very light,” said Brad Bechtel,…

By Laura Sanicola (Reuters) -Oil prices settled lower on Monday, after rising for three straight weeks, as concern about further interest rate hikes that could curb demand balanced the prospect of a tighter market due to supply cuts from OPEC+ producers. The U.S. dollar rose after U.S. jobs data pointed to a tight labor market, heightening expectations of another Federal Reserve rate hike. Dollar strength makes oil more expensive for other currency holders and can weigh on demand. settled down 96 cents, or 0.2%, at $84.58 a barrel while U.S. West Texas Intermediate also fell 94, or 0.1%, to $79.74.…

© Reuters. FILE PHOTO: Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 31, 2023. REUTERS/Andrew Kelly By Stephen Culp NEW YORK (Reuters) – U.S. stock indexes clawed back from steep losses to a mixed close on Monday as investors digested Friday’s employment report and prepared for an eventful week of inflation data and bank earnings. Megacap momentum stocks dragged the tech-heavy Nasdaq slightly lower, while industrials helped boost the blue-chip Dow into green territory. The bellwether ended the session nominally higher. Economically sensitive transports, semiconductors, small-caps and industrials outperformed…

There are no clear signs of a credit crunch in the economy following the collapse of Silicon Valley Bank, New York Fed President John Williams said Monday. “We haven’t seen any clear signs yet of credit conditions tightening,” Williams said, during a meeting with students at New York University. There have been periods in the past where banks have hunkered down and it has affected spending and employment, he said. The Fed doesn’t know if this will happen or how big the effect will be, and it will continue to monitor the data, he said. Figuring out whether credit tightening…

I asked my girlfriend to move in with me and am having a moral personal dilemma when it comes to rent. She has said she would not move in with me if she wasn’t paying, so nothing isn’t an option. I bought the house in November 2019, and up until a few months ago I have always had two roommates paying me rent. One just moved out to live with family as a result of health complications. The other roommate moved in a few months ago. Despite not having a lease, I would feel bad asking my remaining roommate to leave…