DocuSign exceeded analyst expectations in its fourth quarter, reporting revenue of $776.3 million and adjusted earnings per share of 86 cents. The company's strong performance was driven by continued growth in subscription revenue and billings, as well as the launch of its AI-powered agreement management platform, DocuSign IAM.
Weibo's fourth-quarter revenue decreased slightly by 1% year-on-year to $456.83 million, surpassing analysts' expectations, while user engagement metrics remained stable. Despite a decline in advertising revenue, value-added services and membership growth were positive, and the company announced an annual dividend payout of $200 million.
ProShares UltraPro QQQ (TQQQ) fell significantly on Thursday due to increased concerns over a potential escalation of trade tariffs with the EU, overshadowing positive economic data. The threats related to tariffs caused widespread market downturns, increasing demand for safe-haven assets like gold.
A federal judge ordered the reinstatement of federal employees dismissed during President Trump's administration under Elon Musk's Department of Government Efficiency, ruling the firings unlawful. This decision represents a significant setback for the administration's attempts to reduce federal agency staffing and spending.
Bitcoin's "digital gold" status is under fire as its price lags behind gold, which recently reached record highs. This divergence raises concerns about Bitcoin's ability to function as a reliable store of value and hedge against inflation, especially considering Federal Reserve Chair Jerome Powell's December 2024 statement comparing it to a speculative asset like gold.