Tag: budget travel

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SailPoint Returns to Public Markets, Raising $1.38 Billion in IPO

SailPoint, a cybersecurity company, debuts on Nasdaq with a $13.6 billion valuation, buoyed by strong demand for profitable growth stocks.

US Stock Futures Edge Higher After Inflation Data

US stock futures rose despite a hot inflation report showing consumer price increases exceeded expectations. Wall Street awaits Thursday's PPI and AirBnB, Roku, Coinbase earnings reports.

Michelin Reports 5.1% Sales Volume Decline, Cites Slowdown in New Car and Truck Sales

Michelin reports a 5.1% decline in its full-year sales volumes due to a slowdown in sales of new cars and trucks in Europe, and potential impact from U.S. tariffs on goods from Mexico and Canada.

Super Micro Computer Narrowly Avoids Delisting as Earnings Miss Estimates

Super Micro (SMCI) stock soars premarket after earnings update, Nasdaq delisting deadline extension

Mercury General reports Q4 profit of $101.1 million

Mercury General Corporation (MCY) reported fourth-quarter profit of $101.1 million, or $1.82 per share, and full-year profit of $468 million, or $8.45 per share. The auto insurance company posted revenue of $1.37 billion in the quarter and $5.39 billion for the year.

Elon Musk's Moves Threaten Consumer Watchdog Regulating X's Payments Platform

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.

Japan, U.S. to Leave FX in Hands of Finance Chiefs

Japanese Prime Minister Shigeru Ishiba and U.S. President Donald Trump have agreed to leave foreign exchange-rate matters in the hands of their finance ministers.

Central Banks Head in Different Directions for 2025

The first central bank interest rate moves of 2019 suggest it will be a year of contrasting fortunes, with some major economies heading in different directions.

Silicon Valley Companies Adjust DEI Policies Amid Legal and Political Scrutiny

Google is reversing its diversity hiring targets, following scrutiny from Washington. Meanwhile, other tech giants like Apple and Microsoft maintain their DEI initiatives.

Leslie's (LESL) Q4 CY2024 Earnings: Sales Top Estimates, Stock Drops

Leslie's (LESL) reports Q4 revenue of $175.2 million, meeting estimates but with flat year-over-year growth. Despite lower-than-expected EBITDA, its Q1 guidance suggests continued challenges. Key takeaways, stock performance, and analyst sentiment are discussed in this comprehensive analysis.