Tag: blog

Palantir stock (PLTR) dropped 10% after news that the Trump administration plans Pentagon budget cuts, with over half of the company's revenue coming from government contracts.

Published on: February 20, 2025, 01:03 PM UTC

BigCommerce (BIGC) Q4 2024 results: revenue met expectations, EPS beat, but full-year revenue guidance slightly missed estimates. Key takeaways and full research report available.

Published on: February 20, 2025, 01:00 PM UTC

Waabi, founded by Raquel Urtasun in 2021, has raised $280 million in funding to advance its AI-powered self-driving technology. Backed by investors like Nvidia and Uber, Waabi aims to revolutionize the transportation industry.

Published on: February 20, 2025, 12:04 PM UTC

Fed keeps rate cut options open amid new inflation and Trump policies

Published on: February 20, 2025, 11:01 AM UTC

The Bank of England's vast underground vaults hold $500 billion in gold, which has seen a recent surge in demand due to speculation of Trump tariffs. Traders have been seizing on an arbitrage opportunity by buying spot gold in London and selling futures in the US, leading to a record outflow of gold from the Bank's vaults. The logistical challenges and physical demands of moving this amount of gold have put a strain on the global gold market, with refineries and logistics companies working overtime. Despite the challenges, traders are betting on a return flight of gold to markets overseas, as the arbitrage opportunity closes.

Published on: February 20, 2025, 10:00 AM UTC

U.S. real estate firm CoStar prepares A$2.7 billion bid for Australian property classifieds firm Domain Holdings.

Published on: February 20, 2025, 09:00 AM UTC

Japan's Murata Manufacturing plans to invest over $665 million in acquisitions and partnerships to boost growth in inductors, sensors, and new markets.

Published on: February 20, 2025, 07:00 AM UTC

Tanger reports Q4 FFO of 54 cents per share, beating analyst estimates of 52 cents. Revenue for the quarter came in at $140.7 million, while adjusted revenue was $132.2 million. For the year, the company reported FFO of $247 million and revenue of $497.5 million. Tanger expects full-year FFO in the range of $2.22 to $2.30 per share.

Published on: February 19, 2025, 11:09 PM UTC

SM Energy Co. (SM) reported better-than-expected earnings for the fourth quarter. Earnings per share were $1.91, compared to the consensus estimate of $1.86. Revenue was $852.2 million, slightly below the consensus estimate of $855.1 million. For the full year, the company reported profit of $770.3 million, or $6.67 per share, on revenue of $2.69 billion.

Published on: February 19, 2025, 11:07 PM UTC

Palantir stock fell 10% after a Washington Post report said the Trump administration is telling the Pentagon to cut its budget, potentially affecting Palantir's government contracts revenue.

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