Posts with tag: hardware
Wells Fargo has five remaining consent orders to resolve, but recent terminations of regulatory punishments suggest progress. CFO Mike Santomassimo is confident in resolving the orders and working with urgency. The asset cap imposed by the Fed in 2018 could be removed in 2025 if issues are addressed.
Published on: February 11, 2025, 07:03 PM UTC
Rivian Opens Up Commercial Van Orders, Expanding EV Business Opportunity
Published on: February 10, 2025, 09:02 PM UTC
Arm Holdings issues cautious revenue forecast amid concerns over slowing AI spending, with revenue expected to be $1.18 billion to $1.28 billion in the fiscal fourth quarter.
Published on: February 06, 2025, 04:04 PM UTC
DHI Group Inc. (DHX) reports $1 million in earnings for Q4, beating analysts' estimates. For the year, the company reports profit of $253,000 on revenue of $141.9 million. DHI Group expects revenue in the range of $32-33 million for the current quarter and $131-135 million for the full year.
Published on: February 05, 2025, 11:08 PM UTC
Johnson Controls (JCI) shares surged 12% after reporting strong Q1 results, with organic revenue growth of 10% and EPS guidance exceeding expectations.
Published on: February 05, 2025, 07:06 PM UTC
A potential tariff on Mexico and Canada would hit Japanese automaker Nissan hard, as the US is its top market and it sources 27% of its US sales from Mexico. Nissan is struggling financially and the tariff would wipe out its operating profit if it did not take action. Toyota and Honda are better prepared to handle the tariffs, but the move would still be a burden for them. Hyundai, which does not have any plants in Mexico or Canada, would not be hit as hard by the tariffs.
Published on: February 04, 2025, 01:00 PM UTC
Newly-confirmed Treasury Secretary Scott Bessent named acting director of the Consumer Financial Protection Bureau (CFPB). Bessent has halted CFPB activities, including investigations, litigation, and public communications, sparking controversy.
Published on: February 03, 2025, 11:04 PM UTC
NXP Semiconductors (NXPI) meets revenue expectations but misses guidance in Q4; revenue declines 9.1%, and guidance for Q1 comes in below estimates. Find out more in our comprehensive research report.
Published on: February 03, 2025, 10:04 PM UTC
Despite widespread opposition, Donald Trump is unlikely to reverse his decision to levy tariffs on Canada, Mexico, and the EU. While legal challenges are expected, the president has broad authority and invoked national security concerns, making it challenging for any force outside of himself to stop him.
Published on: February 03, 2025, 02:01 PM UTC
Exxon and Chevron's profits were hit hard by falling fuel margins, while a proposed tariff on Canadian and Mexican crude oil exports threatens to further hurt refiners.
Published on: January 31, 2025, 02:07 PM UTC