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Why Is Marketing Solutions Provider Global-E Online’s Stock Surging Today?

By Shivani Kumaresan
May 20, 9:26 AM
Global-E Online shares surged after the company reported Q1 FY24 revenue of $145.90 million, beating estimates. Sales grew 24% Y/Y, while GMV increased 32% to $930 million. Non-GAAP gross profit rose 36% to $66.1 million. The company raised its FY24 sales forecast to $733 million - $773 million. CEO Amir Schlachet highlighted significant client additions and business expansion.

GLBE

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3 minute read

Nasdaq, S&P 500 Futures Keep Head Above Water Ahead Of Fed Speeches: Analyst Says Market-Boosting Themes ‘Firmly In Place’

By Shanthi Rexaline
May 20, 7:48 AM
U.S. index futures are modestly higher in early trading on Monday, suggesting that the upward momentum remains intact, albeit laced with caution. Traders will likely scan speeches by Federal Reserve officials for confirmation regarding rate trajectory. The global markets have taken development in the Middle East in their stride, underlining their resilience.

BTC

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Electric Scooter Company Niu Tech Stock Falls After Q1 Print, Read The Details

By Anusuya Lahiri
May 20, 6:52 AM
Niu Technologies reported 21% revenue growth in Q1 2024, with an increase in sales volume but decrease in revenues per e-scooter. Earnings per ADS were $(0.10) and the company expects further revenue growth in Q2 and 2024. Investors can access the stock through Vanguard FTSE Emerging Markets ETF (VWO) and Vanguard Total International Stock ETF (VXUS). NIU stock has declined 46% in the last year.

NIU