Posts with tag: development
Corrections Corp. of America (CXW) reported Q4 FFO of $0.39 per share, beating the Zacks Consensus Estimate of $0.33 per share. The company reported revenue of $479.3 million for the quarter, also beating the Zacks Consensus Estimate of $461.6 million.
Published on: February 10, 2025, 10:06 PM UTC
Billionaire Elon Musk offers $97.4 billion to buy the nonprofit that controls OpenAI, the AI startup.
Published on: February 10, 2025, 09:00 PM UTC
McDonald's (MCD) missed financial expectations in Q4 2024, facing challenges including an E. coli outbreak and weak U.S. sales. Despite these headwinds, the company remains optimistic, aiming to regain market share and profitability with value-driven menu offerings and customer-focused initiatives.
Published on: February 10, 2025, 06:02 PM UTC
Fed Chair Powell Faces Pressure on Policy, Regulation at Congressional Hearings
Published on: February 10, 2025, 06:01 PM UTC
French President Emmanuel Macron says France is in the race for artificial intelligence. He urges attendees at the Paris AI Action Summit to choose Europe for their business needs, highlighting France's clean electric power supply as an advantage.
Published on: February 10, 2025, 06:00 PM UTC
Artificial intelligence (AI) is on the rise, and businesses are looking to utilize it in the coming years. A variety of economic leaders share their perspectives on AI's place in the workforce. Some believe AI will create more jobs, while others believe it will eventually replace many jobs.
Published on: February 10, 2025, 03:02 PM UTC
The stock market persists near record highs, despite looming tariffs' negative impact on earnings, the primary driver of stock prices. Analysts suggest any tariffs may be short-lived or less severe than anticipated, hence the market's positive outlook. However, it's crucial to note that tariffs also harm the targeted countries. Earnings estimates may be revised downward if tariffs affect earnings, resulting in lower stock prices.
Published on: February 10, 2025, 09:01 AM UTC
Here's a breakdown of who's most affected by Trump's 25% tariffs on steel and aluminum.
Published on: February 10, 2025, 07:01 AM UTC
Asian shares mixed as investors hunt bargains in the face of US tariffs. Japan's Nikkei slightly down, while Hang Seng jumps 1.5% and Shanghai Composite gains 0.3%. Markets brace for potential turbulence from tariffs, with Asian economies expected to feel the impact.
Published on: February 10, 2025, 04:00 AM UTC
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Published on: February 09, 2025, 12:00 PM UTC