Posts with tag: discovery
U.S. bankruptcy judge approves Spirit Airlines' debt restructuring plan, allowing the budget carrier to convert $795 million in debt to equity and emerge from Chapter 11 as a private company.
Published on: February 20, 2025, 11:07 PM UTC
Evolent Health Inc. (EVH) reported a Q4 loss of $22.8 million, meeting Wall Street expectations. Revenue of $646.5 million missed forecasts. The health care software and consulting services provider expects Q1 revenue of $440-$470 million and full-year revenue of $2.06-$2.11 billion.
Published on: February 20, 2025, 10:09 PM UTC
Elon Musk's government efficiency commission, known as DOGE, has released a list of cuts and renegotiated contracts, resulting in billions of taxpayer dollars in "savings." The commission has targeted various agencies, including USAID, Education, and Social Security, with cuts ranging from news subscriptions to training programs. However, some critics question the accuracy of the reported savings and the impact of job losses on the federal workforce and the economy.
Published on: February 20, 2025, 02:03 PM UTC
Meta stock fell over 2% on Tuesday, ending a 20-session winning streak despite strong AI investments and positive earnings. The company's spending on AI and revenue from generative AI tools are keeping investors bullish compared to its struggling Big Tech rivals.
Published on: February 19, 2025, 12:03 PM UTC
Adeia Inc. reports Q4 profit of $36 million with EPS of 32 cents, beating earnings estimates. Revenue came in at $119.2 million.
Published on: February 18, 2025, 11:06 PM UTC
Former NBA player Evan Turner discusses his biggest financial mistake and offers advice on how to avoid financial pitfalls after retirement.
Published on: February 18, 2025, 04:03 PM UTC
Argentina's President Javier Milei faces political backlash after the Libra token, a cryptocurrency he promoted, crashed, leaving investors with steep losses. The incident has raised questions about Milei's judgment and reignited concerns about his unconventional style.
Published on: February 17, 2025, 09:00 PM UTC
China's central bank governor, Pan Gongsheng, emphasizes the stability of the yuan currency and reiterates the country's commitment to market-driven exchange rate determination.
Published on: February 16, 2025, 09:00 AM UTC
Elon Musk's $97.4 billion bid to acquire OpenAI, the nonprofit parent company of ChatGPT, was rejected by OpenAI's board of directors.
Published on: February 14, 2025, 10:04 PM UTC
War-torn countries, heavily indebted nations, and US allies like Jordan stand to lose the most if USAID is dismantled. Ukraine, Jordan, Syria, Zambia, and Kenya are among the emerging economies most exposed to USAID funding cuts.
Published on: February 14, 2025, 11:00 AM UTC