Tag: cryptocurrency

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UK Taxes Prompt High-End Restaurant Group to Open Abroad Instead

British restaurateur Sam Morgan of Open Restaurant Group criticizes the UK's high taxes, leading him to focus expansion on locations like Dubai, where the tax regime is more favorable.

Park Hotels & Resorts Reports Q4 Earnings Miss, Revenue Beat

Park Hotels & Resorts (PK) reported funds from operations (FFO) of $0.39/share in Q4, below analysts' estimates of $0.40/share. Revenue of $625 million exceeded expectations of $602.9 million.

Nordson Q4 Earnings: Revenue Miss, Weak Guidance, and Lackluster EPS Growth

Nordson (NDSN) falls short of Q4 earnings estimates, with revenue declining 2.8% YoY to $615.4 million. Adjusted EPS of $2.06 misses by 0.9%, and revenue guidance for Q1 CY2025 comes in below expectations.

Super Micro Stock Surges Despite Past Controversies

Super Micro Computer (SMCI) stock rebounds after accounting scandal, up 3.33% Wednesday, extending a weeklong surge. The company has denied allegations, hired a new accountant, and aims to submit delayed SEC filings by Feb. 25.

Not Elon Musk: White House Affidavit Claims Tech Billionaire Isn't Running DOGE

Elon Musk is not in charge of the Department of Government Efficiency (DOGE), according to an affidavit filed by the Trump administration in federal court.

Australian Wage Growth Slows to Two-Year Low Despite Tight Labor Market

Australia's annual wage growth slowed to 3.2% in the fourth quarter, the lowest since 2022, despite near-record low unemployment, signaling a potential easing of inflation. This supports the central bank's view that the labor market is not fueling significant price pressures.

Fed Wants Confidence Inflation Will Keep Falling

Fed Governor Bowman Wants More Confidence on Inflation Before Rate Cut

Are Low-Cost Airlines' Days Numbered?

The low-cost airline model is eroding as costs soar and passengers opt for comfort. Spirit Airlines rejects Frontier's acquisition proposal, while Southwest and Frontier offer upgrades and first-class seating. Investors face bleak prospects as JetBlue stock tumbles and Southwest cites high costs.

Nissan-Honda Merger Falls Apart

Honda and Nissan's planned merger has ended, leaving Nissan in search of partnerships to survive. Honda plans to collaborate with Nissan on electric vehicles, but Nissan's CEO says it will be difficult for the company to survive without a major partner.

Consumer Complaints Still Accepted During CFPB Freeze

Despite a government freeze, the Consumer Financial Protection Bureau's online consumer complaint portal remains operational. Submitting a complaint may still be effective in resolving issues with banks or credit reporting agencies.