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Suzuki Motor targets 10% operating profit margin, 15% ROE by fiscal 2030
Published on: February 20, 2025, 02:01 AM UTC
Dating app Bumble's stock plunged 30% after a disappointing earnings report, with investors discouraged by user fatigue and reduced spending.
Published on: February 20, 2025, 02:00 AM UTC
Vale reports $694 million loss in Q4, below estimates; cuts spending, announces dividends and share buyback.
Published on: February 20, 2025, 02:00 AM UTC
Billionaire investor Bill Ackman plans to create the next Berkshire Hathaway by acquiring Howard Hughes. Pershing Square, Ackman's firm, raised its takeover offer to $90 per share. The move comes after Ackman hinted at a major announcement, causing Howard Hughes shares to surge. Ackman aims to emulate Warren Buffett's strategy of acquiring controlling interests in operating companies. However, analysts are skeptical as the offer falls short of Howard Hughes' net asset value.
Published on: February 20, 2025, 02:00 AM UTC
Online car dealer Carvana reported a beat on revenue and profit for the fourth quarter, with strong retail unit sales and adjusted EBITDA. Shares initially rose after hours but later pulled back, despite the company's record full-year sales and adjusted EBITDA margin.
Published on: February 20, 2025, 01:01 AM UTC
President Trump proposes 20% of federal cost-cutting savings be returned to taxpayers, with another 20% going to national debt reduction. Critics question authority and effectiveness of Trump's cost-cutting effort, while Trump and Musk claim it's necessary due to $29 trillion debt load. Trump also discusses tariffs, crypto, and Saudi investments at Future Investment Initiative Institute summit in Miami.
Published on: February 20, 2025, 01:00 AM UTC
First Carolina Bank has acquired BM Technologies, a digital banking fintech, for $66 million. The acquisition will help First Carolina Bank differentiate itself in the market and accelerate its digital banking growth strategy.
Published on: February 20, 2025, 12:04 AM UTC
Federal Reserve Vice Chair Philip Jefferson said a strong economy gives policymakers room to assess data before considering more rate cuts.
Published on: February 20, 2025, 12:04 AM UTC
Carvana (CVNA) defies estimates with revenue and profit beat but faces post-market pullback after hitting a 52-week high. Despite growing 32% YoY, revenue falls short of Q3 and shares dip in after-hours trading.
Published on: February 20, 2025, 12:02 AM UTC
Elon Musk's government efficiency commission releases list of cost-cutting measures, including billions in contract cancellations and real estate sales.
Published on: February 20, 2025, 12:02 AM UTC