Tag: future

The Trump administration is reviewing whether to rescind $4 billion awarded to California's High-Speed Rail project, which has seen its costs rise sharply.

Published on: February 20, 2025, 06:00 PM UTC

Gerdau may expand US steel output instead of building new Mexico plant, CEO says amid Trump tariffs

Published on: February 20, 2025, 04:03 PM UTC

Alibaba's stock surges 13% after strong earnings beat and AI push. The Chinese tech giant reported better-than-expected quarterly results and highlighted an aggressive investment in artificial intelligence. Alibaba's AI-related product revenue has seen triple-digit growth for six consecutive quarters.

Published on: February 20, 2025, 04:02 PM UTC

The US SEC is closing down its crypto enforcement unit and replacing it with a broader cyber-fraud team. The new unit will focus on fraud involving social media, AI, machine learning, and blockchain. The change signals a shift in the SEC's approach to digital assets.

Published on: February 20, 2025, 04:00 PM UTC

James Bond producers hand over franchise to Amazon MGM after decades of family ownership

Published on: February 20, 2025, 03:05 PM UTC

Sabre (SABR) Q4 sales met estimates with a 4% YoY increase to $714.7 million. Non-GAAP loss per share was $0.08, exceeding analyst consensus by 22%. Revenue growth of 9.3% over the last two years is above the five-year trend. The company's free cash flow margin is 9.3%, but it has declined slightly from the previous quarter. Overall, Sabre had a solid earnings report but faces some demand challenges in the near term.

Published on: February 20, 2025, 02:04 PM UTC

Carvana (CVNA) beats revenue and profit estimates in Q4, but shares drop after hours. The online car dealer reports record annual revenue and adjusted EBITDA, but warns of rising costs and supply chain issues.

Published on: February 20, 2025, 01:03 PM UTC

Choice Hotels International Inc. (CHH) reported fourth-quarter net income of $75.8 million, or $1.59 per share. Adjusted earnings were $1.55 per share, exceeding Wall Street expectations. Revenue was $389.8 million, also topping forecasts.

Published on: February 20, 2025, 12:06 PM UTC

Esab Corp (ESAB) reported Q4 EPS of $1.28, exceeding Wall Street expectations of $1.15. Revenue of $670.8 million fell short of estimates, with adjusted revenue of $633.2 million missing forecasts. For the year, the company reported EPS of $4.31 on revenue of $2.59 billion. Esab projects FY23 EPS in the range of $5.10 to $5.25.

Published on: February 20, 2025, 12:05 PM UTC

US stocks advanced on Wednesday, driven by investors' deliberations over President Trump's latest 25% tariff salvo and insights from the Federal Reserve minutes regarding future policy adjustments. The benchmark S&P 500 (^GSPC) rose about 0.2%, reaching a fresh record high of 6,144.15 after recording a high on Tuesday as well. Both the Nasdaq Composite (^IXIC) and the Dow Jones Industrial Average (^DJI) rose approximately 0.1%.

Published on: February 20, 2025, 12:03 PM UTC