Posts with tag: computer science
Wayfair's (W) Q4 beats on revenue but stock drops. Revenue was flat year on year at $3.12 billion, but non-GAAP loss of $0.25 per share was below estimates. Active customers declined by 1 million year on year to 21.4 million. Guidance to come on the earnings call shortly.
Published on: February 20, 2025, 01:04 PM UTC
FibroGen sells China unit to AstraZeneca for $160 million
Published on: February 20, 2025, 12:00 PM UTC
Fed rate cuts are still possible this year as policymakers assess the economy and digest new Trump administration policies, Atlanta Fed President Raphael Bostic says.
Published on: February 20, 2025, 10:02 AM UTC
Palantir stock plunges 10% on report of potential Pentagon budget cuts, wiping out recent gains.
Published on: February 20, 2025, 07:01 AM UTC
Short sellers lost $73 billion in 2025 as the stock market rallied, with Super Micro Computer, Hims & Hers, Oklo, and BigBear.ai experiencing significant gains due to short squeezes
Published on: February 20, 2025, 02:03 AM UTC
Elon Musk's government efficiency commission releases list of cost-cutting measures, including billions in contract cancellations and real estate sales.
Published on: February 20, 2025, 12:02 AM UTC
Pharmaceutical companies and pharmacy benefit managers are facing off in Washington, with PBMs defending their value amid scrutiny over their rebate strategy. PBMs aim to lower drug costs, but rebates have been linked to higher list prices and out-of-pocket expenses. Alternative models like Walmart's $4 generics and Cost Plus Drugs offer low-cost options, but PBMs argue they remain essential for health insurance companies.
Published on: February 20, 2025, 12:01 AM UTC
The CEOs of Wall Street's major banks saw significant pay increases in 2024, with Citigroup CEO Jane Fraser receiving the largest bump. Fraser's total compensation rose to $34.5 million, while Goldman Sachs CEO David Solomon's pay climbed to $39 million. Despite setbacks like fines and a dialed-back return target, Citigroup's stock has outperformed peers this year thanks to Fraser's strategic leadership.
Published on: February 19, 2025, 05:02 PM UTC
Billionaire investor Bill Ackman's Pershing Square makes revised bid to buy 10 million shares of Howard Hughes Holdings (HHH) at $90 each. As part of the deal, Ackman would become chairman and CEO of the real estate developer.
Published on: February 19, 2025, 02:03 PM UTC
Stock futures dip as investors weigh Fed minutes, Trump's tariff proposals. Intel falls on talks to sell chip unit, Super Micro rises on AI optimism. Apple in focus ahead of expected low-cost iPhone launch.
Published on: February 19, 2025, 01:04 PM UTC