Tag: AI

Posts with tag: AI

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Walgreens Cuts Dividend for First Time in 9 Decades

Walgreens Boots Alliance Inc. Suspends Quarterly Dividend as Cash Needs Loom

Atlassian Shares Pop 16% After Q3 Revenue Beat, Raised Outlook

Atlassian shares jump 16% after projecting strong Q3 revenue and raising FY revenue forecast, fueled by demand for AI-enabled cloud services.

Arthur J Gallagher Shares Jump on Strong Brokerage Fees

Arthur J. Gallagher, an insurance brokerage, reports a $258.2 million profit in Q4 due to increased insurance activity boosting fees and commissions.

Mukesh Ambani and family buy 49% stake in Oval Invincibles

Asia's richest family, the Ambanis, have acquired a 49% stake in the Oval Invincibles, the first Hundred franchise to be sold. This purchase marks their entry into the English cricket market, where they will share control with Surrey County Cricket Club.

Norway's Wealth Fund Stays Committed to Renewables Despite Setbacks

Norway's $1.8 trillion wealth fund remains committed to investing in renewable energy assets, both listed and private, despite recent market setbacks.

SunCoke Energy Posts Q4 Earnings of $23.7 Million

SunCoke Energy (SXC) reports Q4 earnings of $0.28 per share, misses estimates. Revenue for the quarter came in at $486 million, while annual revenue was $1.94 billion.

Parker-Hannifin's Q2 profit beats estimates, revenue misses

Parker-Hannifin Corp. reports $948.5 million in profit for fiscal second quarter; earnings beat estimates, revenue misses.

Flagstar Financial Reports Q4 Loss of $160 Million

Flagstar Financial reports a fourth-quarter loss of $160 million, or 41 cents per share. Adjusted for one-time items, the loss was 34 cents per share, beating analysts' expectations of a loss of 50 cents per share. Revenue was $1.52 billion, with net revenue of $625 million, both exceeding analysts' forecasts. For the year, the company reported a profit of $1.09 billion, or $3.40 per share, on revenue of $2.55 billion.

Molson Coors Takes Stake in Fevertree Drinks to Boost US Presence

Molson Coors Beverage Co. to buy 8.5% stake in Fevertree Drinks Plc for £71 million, helping the British company expand into the US and use Molson Coors' production sites.

Global Markets Rise as Focus Shifts to ECB Rate Decision

European and US stock futures rise ahead of the European Central Bank's rate decision and amid shifting bets on AI. Asian shares edge up slightly, but liquidity is thin due to Lunar New Year holiday closures. Key events this week include the ECB rate decision and US GDP data.