Tag: finance

Itau Unibanco, Latin America's largest bank, has outperformed its competitors due to its predictable and steady approach in a challenging economic environment. Its competitive advantages, such as a large client base, strong brand, and profitability, have attracted investors, making it the only Brazilian bank with no "sell" recommendations. Itau has strategically ceded ground in some markets to fintechs while reshaping its business, maintaining profitability and expansion. However, challenges remain, including potential impacts from a slowing Brazilian economy and rising interest rates, which could affect its loan book growth and return on equity.

Published on: February 10, 2025, 12:00 PM UTC

Layoffs and workforce reductions continue in 2025 across tech, media, finance, manufacturing, retail, and energy sectors. Amidst technological advancements and cost-cutting measures, companies like Meta, Microsoft, Boeing, and BlackRock are announcing job cuts. Explore the list of companies undergoing staff reductions and learn about the reasons behind these workforce adjustments.

Published on: February 09, 2025, 07:00 AM UTC

Google joins Meta in backing away from diversity hiring targets, reflecting intensifying scrutiny of corporate DEI goals in Washington.

Published on: February 06, 2025, 11:02 PM UTC

Mohawk Industries (MHK) outperforms Q4 revenue expectations, but sales are flat year-over-year. Despite a 5.3% beat in non-GAAP EPS, the company's Q1 EPS guidance falls short of estimates. Get the full analysis in our research report.

Published on: February 06, 2025, 11:01 PM UTC

Lyft stock jumps 4.84% after announcing a partnership with Amazon and Anthropic to develop AI tools for customer care, reducing resolution times. The news suggests improved operations, but the market remains cautious.

Published on: February 06, 2025, 09:00 PM UTC

Roblox reports lower-than-expected daily active users and bookings, sending shares tumbling. The gaming platform projects future growth but faces criticism over safety concerns.

Published on: February 06, 2025, 02:04 PM UTC

Global stocks mostly climbed Thursday as Japan's Nikkei 225 gained 0.2%, Australia's S&P/ASX 200 surged 1.1%, and South Korea's Kospi edged up 0.7%. Hong Kong's Hang Seng rose 0.2% and Shanghai Composite added 0.6%.

Published on: February 06, 2025, 04:02 AM UTC

The question of presidential spending authority is being debated in a series of high-profile fights in the early weeks of the Trump administration, and it could be just a taste of what's to come.

Published on: February 06, 2025, 01:02 AM UTC

Impinj Inc. (PI) reports a Q4 loss of $2.7 million, or 9 cents per share, but earnings of 48 cents per share excluding one-time items, beating analyst estimates of 47 cents per share. Revenue missed expectations at $91.6 million versus the $92.8 million estimate.

Published on: February 05, 2025, 11:08 PM UTC

AMD beats Q4 earnings estimates, provides better-than-expected Q1 forecast despite falling stock price due to concerns over AI chip momentum and PC sales slowdown.

Published on: February 05, 2025, 11:03 AM UTC