Insightful Analysis of MongoDB Inc's Financial Health and Market Position
The core Personal Consumption Expenditures (PCE) index, which excludes volatile food and energy components, increased by 0.2% in April. This reading aligned with Wall Street's expectations but marked a slower pace than the 0.3% increase witnessed in March. In addition, Treasury yields (^TNX ^TYX, ^FVX) are on the decline this morning after this inflation data. Skydance Media submitted a new offer to Paramount Global (PARA) in its bid to acquire the media giant, according to the Wall Street Journal. Former President Donald Trump has become the first US president to ever be convicted of a felony. A New York jury found the former commander-in-chief guilty on all 34 charges related to his hush money trial. Investors are watching the fallout from the case closely, looking for any potential impacts on the broader market (^DJI, ^IXIC, ^GSPC) For more expert insight and the latest market action, click here This post was written by Nicholas Jacobino
Shares of MongoDB (MDB) are sliding after the company issued soft guidance for the quarter and lowered its forecast for the full fiscal year. Yahoo Finance's Seana Smith and Madison Mills break down MongoDB's latest earnings and what the light guidance could signal for the company's future. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl