Tag: algorithms

Parsons Corp. (PSN) misses Q4 earnings and revenue expectations, with adjusted EPS of 78 cents versus 92 cents estimate and revenue of $1.73 billion versus $1.74 billion estimate.

Published on: February 19, 2025, 12:06 PM UTC

Billionaire investor Bill Ackman's Pershing Square proposes to buy 10 million shares of Howard Hughes Holdings (HHH) at $90 each, giving it 48% ownership. Ackman plans to transform HHH into a diversified holding company like Berkshire Hathaway.

Published on: February 19, 2025, 12:02 PM UTC

Social Security faces a funding shortfall with benefits exceeding tax revenue. Despite Elon Musk's claims of 150-year-old fraudsters, improper payments are minimal. Solutions include raising taxes, trimming benefits for high earners, or a comprehensive plan like Brian Riedl's. Musk's commission may be seeking savings to fund Trump's tax cuts, raising concerns among good-government watchdogs.

Published on: February 19, 2025, 11:02 AM UTC

There are no 150-year-old Social Security recipients, but the program does need fixing. Elon Musk's government-efficiency commission has targeted the program, but critics say he's spreading lies and the program is popular. Musk could help by using his platform to encourage politicians to make needed changes, but he may be looking for ways to finance Trump's tax cuts.

Published on: February 19, 2025, 09:02 AM UTC

JP Morgan upgrades Singapore equities to overweight, citing attractive valuations, high dividends, and government initiatives to boost the stock market, setting a target of 4,200 for the benchmark index.

Published on: February 19, 2025, 03:01 AM UTC

Elon Musk's controversial role in the Trump administration has damaged Tesla's brand image, leading to protests and declining sales. A Quinnipiac poll shows voters disapprove of Musk's actions, and an American EV Jobs Alliance survey found EV drivers gave him a negative rating. Tesla employees reportedly fear Musk has damaged the company's brand, and January sales have fallen in Germany, France, Norway, and the UK.

Published on: February 19, 2025, 12:02 AM UTC

TPG RE Finance Trust Inc. (TRTX) reported fourth-quarter net income of $10.7 million, missing Wall Street expectations. Adjusted earnings were 10 cents per share, below the consensus estimate of 28 cents. Revenue came in at $79.1 million, while adjusted revenue was $34.7 million. For the year, the company reported profit of $74.3 million, or 75 cents per share, on revenue of $153.1 million.

Published on: February 18, 2025, 11:05 PM UTC

The US is reviewing Chevron's ability to continue exporting crude from Venezuela, President Donald Trump said, signaling an openness to tighter restraints on the oil giant's operations in the South American country.

Published on: February 18, 2025, 11:01 PM UTC

La-Z-Boy Inc. (LZB) reported earnings of $28.4 million for its fiscal third quarter. The company had a net income of 68 cents per share and posted revenue of $521.8 million.

Published on: February 18, 2025, 10:09 PM UTC

Tesla's Brand Image Suffers Amid Elon Musk's Controversial Role in Trump Administration, Protests Target Dealerships

Published on: February 18, 2025, 10:02 PM UTC