The company posted its 12th consecutive quarter of growth, supported by new hotel additions and international expansion. Despite this, shares fell over 4% amid cautious technical sentiment and weak short-term signals.
Palantir's stock dropped 9.25% after reporting better-than-expected earnings, with analysts divided on its future, as Dan Ives remains bullish while Brent Thill remains cautious about its high valuation.
Kalyan Jewellers is trading near a critical breakout zone at ₹527, with technical indicators turning bullish. Analyst Prameela projects potential upside to ₹600 if the stock breaks above resistance and sustains momentum.
Risk-off sentiment returned ahead of the Federal Reserve's policy meeting, sending gold and its cryptocurrency derivatives higher on Monday. What happened: Spot gold was up 0.74% to $3,358.91 per ounce as of this writing, after hitting a two-week high earlier in the session.
Citi cited a 10% quarter-on-quarter dip in core profit, slower non-mutual fund revenue growth, and concerns over pricing stability and short-term profitability pressures.
Economist Peter Schiff is challenging conventional wisdom that China needs the United States more than vice versa, questioning just how essential U.S. consumer demand really is for China's manufacturing engine, amid a surge in the global middle-class consumer base.
The company reported adjusted earnings of $0.57 per share for the quarter ended March 31, while analysts expected it to post earnings of $0.39 per share.
Rep. Maxine Waters (D-Calif.), a key Democrat and ranking member of the House Financial Services Committee, reportedly plans to walk out of a joint hearing on cryptocurrency policy scheduled for Tuesday.
