Posts with tag: innovation
Lenovo's quarterly profit beats projections, driven by AI infrastructure spending and PC market recovery. Investors bet on AI PCs and government subsidies boosting demand, while potential tariffs and economic challenges remain.
Published on: February 20, 2025, 05:01 AM UTC
Dixon Technologies, Google’s Pixel smartphone assembler, expects to double its revenue this fiscal year driven by growth in local electronics manufacturing.
Published on: February 20, 2025, 05:00 AM UTC
KKR acquires 57.92% of Fuji Soft, ending a fierce battle with Bain Capital. In a highly competitive bidding war, KKR's offer of 9,850 yen per share ultimately prevailed.
Published on: February 20, 2025, 05:00 AM UTC
Yen rises as Trump's tariff threats stir global economy, currency market remains cautious.
Published on: February 20, 2025, 02:04 AM UTC
Carvana Reports Record Q4 Revenue and Profit, Exceeding Estimates; Shares Dip in After-Hours Trading
Published on: February 20, 2025, 02:02 AM UTC
Online car dealer Carvana reported a beat on revenue and profit for the fourth quarter, with strong retail unit sales and adjusted EBITDA. Shares initially rose after hours but later pulled back, despite the company's record full-year sales and adjusted EBITDA margin.
Published on: February 20, 2025, 01:01 AM UTC
US futures drop after S&P 500 hits record high, Fed signals pause in rate cuts.
Published on: February 20, 2025, 01:00 AM UTC
First Carolina Bank has acquired BM Technologies, a digital banking fintech, for $66 million. The acquisition will help First Carolina Bank differentiate itself in the market and accelerate its digital banking growth strategy.
Published on: February 20, 2025, 12:04 AM UTC
Carvana (CVNA) defies estimates with revenue and profit beat but faces post-market pullback after hitting a 52-week high. Despite growing 32% YoY, revenue falls short of Q3 and shares dip in after-hours trading.
Published on: February 20, 2025, 12:02 AM UTC
Exxon Mobil and SLB seek lithium investment opportunities in Chile, world's second-biggest lithium producer. The companies, under pressure to reduce carbon emissions, see parallels between conventional oil and gas drilling methods and lithium extraction from brine.
Published on: February 20, 2025, 12:01 AM UTC