Tag: coding

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HSBC to Report $1.5 Billion in Annual Cost Savings From Restructuring

HSBC to disclose $1.5 billion in yearly savings from restructuring, focusing on Asia growth.

HASI Q4 Earnings Beat Street Estimates

Sustainable Infrastructure Company, Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI), posted a fourth quarter net income of $70.1 million, beating the average analyst estimate of $58 cents per share.

Emcore Q1 Loss Widens

Emcore Corp. reports a Q1 loss of $5.5 million, or 61 cents per share. Adjusted earnings were 5 cents per share on revenue of $19.3 million.

Amazon's Robotics Push: Widening Lead, Boosting Margins

Amazon's investment in robotics gives it a competitive advantage in retail, potentially leading to billions in savings and improved profit margins.

Institutional Investors Return to Nvidia as Retail Investors Dump

Nvidia recovers as smart money nibbles, Palantir attracts retail investors despite insider selling

Elon Musk Pulls $97.4 Billion Bid for OpenAI Amid Feud with Sam Altman

Elon Musk threatens to withdraw his $97.4 billion bid for OpenAI if the non-profit transforms into a for-profit enterprise. Altman, CEO of OpenAI, breached his responsibility by turning down the bid from a Musk-led investor group. The case revolves around Musk's initial $45 million donation, contingent on OpenAI remaining a non-profit.

SailPoint IPO Raises $1.38 Billion as Cybersecurity Makes Return to Public Markets

SailPoint (SAIL) raised $1.38 billion in its Nasdaq IPO, valuing the identity management tech firm at $12.6 billion. The company expects revenue growth of 41% in 2025, but is still operating at a loss.

SailPoint Valued at $12.8 Billion in Nasdaq Debut

SailPoint, backed by Thoma Bravo, debuted on Nasdaq at $23 per share, valuing the company at $12.8 billion.

Elon Musk Threatens to Withdraw OpenAI Bid If Nonprofit Status Not Preserved

Elon Musk threatens to withdraw his $97.4 billion bid for OpenAI if directors proceed with plans to transform the ChatGPT maker into a for-profit enterprise.

30-Year Mortgage Rates Dip Slightly Amid Market Volatility

30-year mortgage rates continue to hover around 6.87%, despite recent volatility in bond markets. While rates are slightly lower than the year-to-date high of 7.04%, they remain well above the sub-4% rates seen in recent years. Experts predict that rates will likely stay elevated due to inflation concerns and the Federal Reserve's reluctance to lower interest rates. Mortgage applications for home purchases remain depressed due to the higher rates.