Coinbase Global shares jumped 12% before the bell on Friday as strong trading volumes due to optimism around spot bitcoin exchange-traded funds (ETFs) helped the cryptocurrency exchange post its first profit since 2021.
Roku dropped nearly 17% on Friday after the streaming-service provider forecast a steeper-than-expected first-quarter loss, as it struggles to compete with heavyweights such as Netflix and Amazon for advertising dollars.
Applied Materials shares rose 13% in premarket trading on Friday after the semiconductor equipment supplier forecast a better-than-expected second quarter on strong demand from customers looking to make AI-enabled chips.
An activist investor’s proposals to sell or privatise Irish Residential Properties REIT (IRES) was defeated on Friday, along with its attempt to remove five of the company’s nine directors, according to a preliminary result.
Global equity funds racked up significant inflows in the week to Feb. 14 propelled by investor optimism amid a robust stock market rally, despite lingering uncertainties over the Federal Reserve’s rate cut plans.
Futures tracking the S&P 500 and the Nasdaq gained on Friday as investors looked forward to a producer inflation report for more cues on the timing of interest rate cuts, while shares of Applied Materials surged following an upbeat revenue forecast.
Former U.S. President Donald Trump would seek to undo much of the Biden administration’s work to fight climate change if he returns to office after November’s election, and launch new efforts to expand fossil fuel production, according to Republican policy experts and Trump’s campaign website.
