Tag: adventure

ESSA Pharma Inc. (EPIX) reports a Q1 loss of $8.5 million, or 19 cents per share.

Published on: February 11, 2025, 01:08 PM UTC

OpenAI CEO Sam Altman declines Elon Musk's $97.4 billion offer to buy the nonprofit. Plus, insights into Altman's plans to turn OpenAI into a for-profit business and Musk's lawsuit against the move.

Published on: February 11, 2025, 01:03 PM UTC

Big Tech's $325 Billion AI Bet: What It Means for Stocks

Published on: February 11, 2025, 01:02 PM UTC

Scrapping cash Isas could boost the UK economy by encouraging investment in British companies, but it would also strip millions of savers of tax-free returns. While historically stock market returns outstrip cash, British savers are renowned for being cautious. However, the benefits of cash Isas, such as higher interest rates and the ability to access funds quickly, cannot be ignored. The decision whether to scrap cash Isas should be left to individual savers who should retain the right to choose how they manage their own money.

Published on: February 11, 2025, 01:01 PM UTC

The Carlyle Group reported a Q4 net income of $210.9 million and revenue of $1.03 billion, but missed Wall Street's expectations.

Published on: February 11, 2025, 12:06 PM UTC

DuPont raised its 2025 profit forecast and beat quarterly earnings estimates, driven by strong demand for electronics. The company's shares jumped 5% in premarket trading.

Published on: February 11, 2025, 12:00 PM UTC

Leidos beats Q4 earnings expectations, boosted by rising military spending and strong weapons demand amid geopolitical tensions.

Published on: February 11, 2025, 12:00 PM UTC

Reciprocal tariffs, a key focus for President Trump, could significantly impact global trading relationships. With some allies having high tariffs, Trump aims to balance trade imbalances. However, other nations may argue for lower US tariffs, as the US currently has average tariff levels compared to industrialized nations. Implementation challenges and potential delays at US ports of entry also raise concerns.

Published on: February 11, 2025, 11:01 AM UTC

US stocks rebounded Monday as investors looked beyond President Trump's latest tariff threats, including new levies on steel and aluminum imports. The Dow Jones Industrial Average (^DJI) added nearly 0.4% after the blue-chip index on Friday booked its worst loss in nearly four weeks. The S&P 500 (^GSPC) rose roughly 0.6%, while the Nasdaq Composite (^IXIC) popped nearly 1% as shares of AI chip giant Nvidia (NVDA) surged 3%, along with other tech stocks.

Published on: February 11, 2025, 08:02 AM UTC

Elon Musk, who plans to turn his company X into a digital payments platform, appears to be dismantling the agency overseeing that sector. The Trump administration has ordered a halt to work at the CFPB, which regulates large banks, mortgage lenders, student loan servicers, and online payment apps. Musk has supported this move, tweeting "CFPB RIP" and calling for its closure. The agency has also clashed with Silicon Valley, leading to calls for its dismantling. Critics worry that this move will benefit Musk by freeing his company X from government scrutiny.

Published on: February 11, 2025, 08:01 AM UTC