Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
Source: WSJ
Reported 3 months ago
In a recent episode of 'The Ramsey Show,' a caller named Arabella faced a dilemma about whether to cash out her $30,000 profit in cryptocurrency to pay off debts or hold onto the investment amid market volatility. With significant debts totaling $51,000 and a new home purchase on the horizon, Dave Ramsey advised her to liquidate her crypto holdings, likening it to a gamble and emphasizing the importance of eliminating debt first before engaging in high-risk investments.
Source: YAHOO
Reported 3 months ago
GE Vernova has been awarded a contract for five gas turbines for the Qurayyah independent power plant expansion project in Saudi Arabia, which aims to significantly enhance electricity production capacity. The expansion is part of Saudi Arabia's commitment to generate half of its electricity from gas by 2030 and incorporate carbon capture solutions, aligning with the country's sustainability objectives.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Taiwan Semiconductor Manufacturing Company Limited (TSM) recently saw a decline in its stock value due to a broader market correction affecting AI-related stocks. In their Q1 2025 investor letter, Sands Capital highlighted TSM as a leading producer of logic chips, noting its recent performance where stock gained 28% over the past year, despite a drop amid market fluctuations. TSMC's revenues from AI accelerators surged and are expected to continue growing, presenting potential long-term benefits despite short-term volatility in the stock market.
Source: YAHOO
Reported 3 months ago
A recent Bank of America survey indicates that U.S. homeowners and prospective buyers are experiencing the highest level of uncertainty regarding the real estate market since 2023, with 60% of respondents unsure if now is a good time to buy a home. This uncertainty arises from rising mortgage rates and high home prices, leading to a slowdown in spring home purchases, despite a previous spike in mortgage applications earlier this year. While many buyers anticipate falling prices and rates, the current market dynamics have created challenges for consumers.
Source: YAHOO
Reported 3 months ago
Toyota Motor Corp. has invested $250 million in Joby Aviation, making it the largest shareholder with a 15.3% stake. This investment is part of a larger $500 million commitment aimed at boosting Joby's funding to $894 million. Joby, which is developing electric vertical takeoff and landing air taxis, plans to launch commercial services in Dubai by early 2026, pending regulatory approvals.
Source: YAHOO
Reported 3 months ago
MercadoLibre, Inc. (NASDAQ:MELI) has showcased impressive quarterly performance, significantly driven by a 31% year-over-year revenue growth in Argentina. The company's operating income exceeded estimates by 37% in the fourth quarter of 2024, marking a rebound from previous lows. With a market cap of $129.54 billion and a stock price increase of 49.44% over the past year, MercadoLibre remains a key player in the Latin American e-commerce and fintech landscape.
Source: YAHOO
Reported 3 months ago
Performance Shipping has reported a first quarter earnings per share (EPS) of 76 cents, up from 29 cents last year, despite a decline in total revenue to $21.3 million from $22.4 million. CEO Andreas Michalopoulos highlighted the company’s ability to navigate challenging market conditions, maintain robust cash flow, and achieve significant net income growth of 164% year-over-year. The report reflects a resilient Aframax tanker market, supported by strategic fleet management, including the recent sale of an older vessel.
Source: YAHOO
Reported 3 months ago
Okta, Inc. (NASDAQ:OKTA) reported robust Q1 2025 results, showing a significant 15% year-over-year increase in current remaining performance obligations (cRPO), marking the fastest growth in a year. The company's quarterly bookings exceeded $1 billion for the first time, with new products contributing 20% of the bookings. Despite a -1.52% one-month performance, Okta's stock increased by 14.63% over the last year, with a market valuation of nearly $22 billion. The Sands Capital Technology Innovators Fund highlighted Okta as a leader in enterprise identity and access management software.
Source: YAHOO
Reported 3 months ago
German car manufacturers BMW, Mercedes-Benz, and Volkswagen are negotiating with the U.S. government to establish a tariff deal that would leverage their investments and exports in the country. These discussions, which may lead to a resolution in June, involve plans for U.S. expansion amid ongoing tariff threats from the Trump administration. The automakers are also advocating for a reduction in tariff rates on vehicle imports from the U.S. to the EU. Meanwhile, the European Commission is preparing for potential retaliatory measures if negotiations do not succeed.
Source: YAHOO
Reported 3 months ago
Thumzup Media (TZUP) has announced its inclusion in the Russell Microcap Index, effective June 30, 2025, following the annual reconstitution of Russell U.S. Indexes. This membership will last for one year and includes automatic placement in respective growth and value style indexes. Russell indexes are vital for investment strategies, managing approximately $10.6 trillion in assets.
Source: YAHOO
Reported 3 months ago
Source: WSJ
Reported 3 months ago
Macy’s Inc. has lowered its fiscal 2025 earnings forecast due to the effects of tariffs and diminished consumer discretionary spending, adjusting its expected earnings per share from $2.05-$2.25 to $1.60-$2.00. Despite this, the retailer maintains its sales guidance of $21 billion-$21.4 billion. In the first quarter of 2025, Macy's net sales dropped to $4.6 billion, a 5.1% year-over-year decrease, though it exceeded analyst expectations. The company reported adjusted earnings of 16 cents per share and forecasts future sales in the second quarter to be between $4.65 billion and $4.75 billion.
Source: YAHOO
Reported 3 months ago
Sands Capital's Q1 2025 investor letter highlights ServiceNow, Inc. (NYSE:NOW) as a leading provider of enterprise workflow automation, despite recent stock declines due to uncertainty in U.S. federal spending. While NOW shares rose 7.58% in the past month and 40.52% over the past year, concerns over government revenue's impact on growth remain. The company's strong position in AI development is underscored by the 150% growth of its AI-enhanced Pro Plus upgrade. However, confidence in shorter-term AI stocks offers potential for greater returns.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Insight Enterprises has announced a stock repurchase agreement with ValueAct Capital to buy 600,000 shares of its common stock at around $126.86 per share for a total of approximately $76 million, as part of its $300 million stock repurchase program. CEO Joyce Mullen stated that this move optimizes the company's capital structure and enhances shareholder value, while continuing the relationship with ValueAct Capital.
Source: YAHOO
Reported 3 months ago
Longevity Health has successfully sold 479,621 shares of its common stock at an average price of $4.08 per share, raising around $1.96 million. This financing allows the company to extend its cash runway into the first quarter of fiscal 2026, assuming no growth beyond the current fiscal year sales and not accounting for a planned merger.
Source: YAHOO
Reported 3 months ago
Terreno Realty Corporation has sold an industrial property in Commerce, California, for $97 million, which features five multi-tenant buildings covering 545,000 square feet and is 99% leased. The property was acquired in 2012 for $52.4 million, resulting in a 9.5% unleveraged internal rate of return.
Source: YAHOO
Reported 3 months ago
Asset Entities and Strive Asset Management have signed a $750 million private investment in public equity (PIPE) deal aimed at funding Bitcoin acquisitions. With an additional $750 million available through warrants, the total funding potential reaches $1.5 billion. This initiative seeks to position Strive as a premier Bitcoin treasury company, focusing on long-term performance and implementing various strategies to optimize returns. The PIPE investment, priced at $1.35 per share, reflects a significant premium over the pre-announcement stock price.
Source: YAHOO
Reported 3 months ago
Capri Holdings, the owner of Michael Kors, reported a fiscal fourth-quarter loss of $4.90 per share, significantly higher than analysts' expectations, leading to a decline in share value. The company also lowered its full-year revenue projections following the sale of its Versace brand to Prada and expressed concerns over the impact of tariffs on the global economy. CEO John D. Idol remains optimistic about future growth despite a challenging year's performance.
Source: YAHOO
Reported 3 months ago
This article explains the significance of tender rejections in the freight market, illustrating how they affect shipment rates. A tender rejection occurs when a freight carrier declines a shipment offer, indicating potential changes in market dynamics. By monitoring the Outbound Tender Rejection Index (OTRI), carriers can anticipate tighter capacity and better negotiate rates, making informed decisions before the freight hits load boards. Understanding these trends is crucial for maximizing earnings in a fluctuating market.
Source: YAHOO
Reported 3 months ago
Source: BARRONS