Tag: engineering

Tokyo inflation accelerates, supporting BOJ's hawkish outlook. Consumer prices excluding fresh food rose 2.5% in January, a 11-month high, matching economists' estimates and indicating persistent inflationary pressures.

Published on: January 31, 2025, 12:00 AM UTC

OpenAI is reportedly in talks for a $40B funding led by SoftBank, at a $260B valuation.

Published on: January 30, 2025, 11:06 PM UTC

Apple's Q1 Earnings: Services Revenue Up, iPhone Sales Fall Short

Published on: January 30, 2025, 11:05 PM UTC

US stocks gained momentum Thursday afternoon as investors digested earnings from megacap tech companies and awaited Apple (AAPL) results for further insights into Big Tech's prospects. The S&P 500 (^GSPC) rose 0.5%, the Dow Jones Industrial Average (^DJI) climbed 0.4%, and the Nasdaq Composite (^IXIC) gained 0.3%. In earnings news, Microsoft (MSFT) shares plunged 6% after its quarterly cloud revenue fell short of expectations, while Meta (META) beat on earnings, buoying its stock. Tesla (TSLA) shares also rose despite an earnings miss, with investors focusing on its commitment to renewed growth by 2025. Meanwhile, President Trump's renewed threats of tariffs on Mexico and Canada caused a spike in the US dollar index before closing flat. Investors also parsed the Federal Reserve's decision to hold interest rates steady, turning to corporate earnings reports for guidance.

Published on: January 30, 2025, 11:01 PM UTC

The Bancorp Inc. reports Q4 net income of $55.9 million, or $1.15 per share, on revenue of $522.7 million. For the year, the company reported profit of $217.5 million, or $4.29 per share.

Published on: January 30, 2025, 10:05 PM UTC

English cricket raised over £100 million on the first day of the Hundred franchise sale, with the Ambani family, owners of IPL's Mumbai Indians, acquiring a 49% stake in Oval Invincibles. The sale includes eight teams, with the Ambanis' purchase valuing the Oval Invincibles franchise at £123 million. Birmingham Phoenix, London Spirit, and Cardiff's Welsh Fire are among the teams set to be sold in the coming days, with potential investors including Avram Glazer, Sanjiv Goenka, and Silicon Valley executives. The proceeds from the sale will be distributed among counties and the recreational game.

Published on: January 30, 2025, 09:01 PM UTC

Colombia is one of the world's top flower producers, with nearly 40% of US imports coming from the country. In the lead-up to Valentine's Day, Colombian flower growers prepare for a surge in demand, with 80% of their exports destined for the US. Tariffs would have had a catastrophic impact on the industry, but a recent resolution averted that threat.

Published on: January 30, 2025, 05:00 PM UTC

South Africa's central bank cuts rates again but warns of inflation risks. The MPC reduced the benchmark rate by 25 basis points to 7.5%, but the decision was split, with two members favoring an unchanged stance. The rand traded 0.5% stronger at 18.4388 per dollar, while yields on benchmark South African government bonds edged higher.

Published on: January 30, 2025, 03:06 PM UTC

NetScout Systems (NTCT) reported Q3 earnings of $0.94 per share, exceeding the estimate of $0.83. Revenue came in at $252 million, in line with expectations. The company expects full-year earnings in the range of $2.15 to $2.25 per share, with revenue in the range of $810 million to $820 million.

Published on: January 30, 2025, 01:05 PM UTC

Oil hovers near $76 as investors await clarity on US trade policy with Canada and Mexico

Published on: January 30, 2025, 04:00 AM UTC