Vaccination status and Thanksgiving could be ‘a really combustible mix,’ experts say.

Freshworks Shares Tumble 12% On Wider Q3 Loss, Lower FY21 Outlook

Shares of software company Freshworks Inc. (FRSH) are down 12 percent on Wednesday’s trading as the company reported wider loss in the third quarter, despite coming in above Street estimates. The company also provided full-year outlook, which is below analysts estimates.

The company posted third-quarter net loss of $2.37 billion or $24.72 per share, wider than net loss of $267.9 million or $3.49 per share in the same period last year.

Excluding items, loss was $4.07 million or $0.04 per share in the third quarter, compared to income of $2.51 million or $0.01 per share in the previous-year period, while analysts were looking for loss of $0.1 per share.

Total revenues rose 46 percent to $96.6 million from $66.2 million a year ago, while analysts were looking for revenues of $96.6 million for the period.

For full year 2021, the company expects net loss between $0.22 and $0.20 per share, while analysts were looking for net loss of $0.23 per share. Total revenues are expected between $364.5 million-$366.5 million while analysts were looking for revenues of $356.4 million.

This millennial made over $8,000 by delivering food 12 hours a day for 30 days. Here's a breakdown of his expenses

Early in 2020, Sam Lyon's new job fell through because of a coronavirus hiring freeze.

That's when Lyon decided to create what he calls the "Uber Eats Challenge."

The Salem, Oregon, resident committed to delivering food for 12 hours per day every day in June, aiming for a pace that would amount to $100,000 a year. He tracked his progress on the social media platform TikTok.

By the end of the month, he had made 795 deliveries and driven nearly 5,000 miles. Check out this video for a full breakdown of how much money he earned and to see what he learned from the experience. 

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Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.

IBM Security To Acquire ReaQta; Unveils QRadar XDR Suite

IBM (IBM) Security announced its plans to acquire ReaQta, an AI Autonomous Detection & Response platform. The company said this move will expand its capabilities in the extended detection and response (XDR) market. ReaQta will join the IBM Security business unit upon closing.

IBM also detailed a new suite of XDR offerings under the QRadar brand. Upon closing, ReaQta’s offerings will become part of this portfolio, IBM QRadar XDR, adding expanded native XDR capabilities to IBM’s security portfolio.

Mary O’Brien, General Manager, IBM Security, said: “With our expanded capabilities via QRadar XDR and the planned addition of ReaQta, IBM is helping clients get ahead of attackers with the first XDR solution that reduces vendor lock-in via the use of open standards.”

Sturm Ruger & Co Inc Profit Advances In Q3, but misses estimates

Sturm Ruger & Co Inc (RGR) revealed earnings for its third quarter that increased from the same period last year.

The company’s bottom line came in at $35.20 million, or $1.98 per share. This compares with $24.75 million, or $1.39 per share, in last year’s third quarter.

Analysts had expected the company to earn $2.18 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 22.3% to $178.25 million from $145.71 million last year.

Sturm Ruger & Co Inc earnings at a glance:

-Earnings (Q3): $35.20 Mln. vs. $24.75 Mln. last year.
-EPS (Q3): $1.98 vs. $1.39 last year.
-Analysts Estimate: $2.18
-Revenue (Q3): $178.25 Mln vs. $145.71 Mln last year.

CF Industries Holdings Inc. Q3 Earnings Summary

Below are the earnings highlights for CF Industries Holdings Inc. (CF):

-Earnings: -$185 million in Q3 vs. -$28 million in the same period last year.
-EPS: -$0.86 in Q3 vs. -$0.13 in the same period last year.
-Analysts projected $0.99 per share
-Revenue: $1.36 billion in Q3 vs. $0.85 billion in the same period last year.

Gold Futures Settle Lower As Dollar Climbs Ahead Of Fed Announcement

Gold futures settled lower on Tuesday as the dollar firmed against most of its major rivals ahead of the Federal Reserve’s monetary policy announcement.

The Fed, which will unveil its policy decision on Wednesday, is widely expected to announce plans to begin gradually scaling back its $120 billion in monthly bond purchases by mid-November or December.

The language of the Fed’s statement is likely to be in focus as traders look for clues about the outlook for interest rates amid concerns about the high rate of inflation.

The dollar index climbed to 94.13, gaining nearly 0.3%.

Gold futures for December ended down by $6.40 or about 0.3% at $1,789.40 an ounce.

Silver futures for December closed lower by $0.566 or 2% at $23.507 an ounce, while Copper futures for December settled at $4.3660 per pound, down $0.0275 from the previous close.

The Bank of England’s meeting takes place on Thursday, with think-tanks divided on which way the rate decision would go.

Earlier today, the Reserve Bank of Australia kept the nation’s cash rate at the record low 0.1% for the 12th month in a row but dumped one of its key stimulus measures, known as “yield curve control,” signaling that borrowing costs may have to rise sooner than expected.

Vaccination status and Thanksgiving could be ‘a really combustible mix,’ experts say.

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By Christina Morales