Fastly stock plunges after trimming full-year guidance

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 67 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 44%
  • Publisher: 63%

Josh Lipton News

Julie Hyman,Financial Firms,Bank Of America

Shares of Fastly (FSLY) are tanking Thursday afternoon after the company lowered its full-year revenue forecast and received several downgrades from...

) are tanking Thursday afternoon after the company lowered its full-year revenue forecast and received several downgrades from financial firms. Bank of America analysts claim the cloud service provider has seen decelerating growth in its largest customers and has limited visibility in the second half of the year.

TFSA investors could capitalize on these top Canadian stocks to generate tax-free capital gains and dividend income. The post TFSA: 3 Canadian Stocks to Buy and Hold Forever appeared first on The Motley Fool Canada.The Canadian dollar strengthened against its U.S. counterpart on Wednesday, clawing back some of the previous day's sharp decline, as the Federal Reserve's signaling about prospects for interest rate cuts was not as hawkish as some investors had feared.

Bank of Canada governor Tiff Macklem says Canadian interest rates don't have to match U.S. or global rates, but there is a limit to how much they can diverge. Macklem made the comments while testifying before the House of Commons finance committee today. The governor says Canada is nowhere close to the limit when it comes to how much Canadian and American interest rates can differ.

This finance YouTuber says there’s 1 retirement trap that no one talks about — here’s what you need to know -- Traders on Wall Street cheered on Wednesday when Federal Reserve Chair Jerome Powell signaled he didn’t see oncoming interest-rate hikes despite inflationary pressures. The celebration didn’t last long.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastJerome Powell Offered Markets a Reprieve.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tilray reports US$105-million loss, cuts earnings forecastShares of Tilray plunged more than 20 per cent on the Toronto Stock Exchange on Tuesday
Source: globebusiness - 🏆 31. / 66 Read more »

Market movers: Stocks seeing action on ThursdayA survey of North American equities heading in both directions
Source: globeandmail - 🏆 5. / 92 Read more »