Crexendo earnings beat by $0.03, revenue topped estimates

As stock markets decline, the safe-haven yen and Swiss franc are gaining strength, while the British sterling is facing challenges. Investors are turning to these currencies for stability amid market volatility.

China has announced it will suspend a 24% additional tariff on US goods while maintaining a 10% levy. This decision is seen as a positive step towards easing trade tensions between the two countries.

In a significant political shift, left-wing candidate Mamdani has won the mayoral race in New York City, marking a historic moment as he becomes the first Muslim to lead the largest city in the U.S. This victory is part of a broader Democratic sweep in key races, signaling a blow to former President Trump and his influence.

Great Lakes Dredge & Dock reported earnings that exceeded expectations by $0.09, although their revenue fell short of estimates. This mixed performance highlights the challenges the company faces in meeting revenue targets.

Google has proposed significant reforms to its app store policies as part of a settlement with Epic Games, the creator of Fortnite. This move aims to address concerns over app distribution and payment practices, potentially benefiting developers and consumers alike.

Despite significant financial backing for other candidates in the New York City mayoral race, Wall Street now finds itself needing to collaborate with Mayor Mamdani. The election dynamics have shifted, and the financial sector must adapt to the new leadership.