Posts with tag: innovation
U.S. President Donald Trump outlines plans to significantly reduce taxes for individuals and companies, including no tax on tips, Social Security, or overtime.
Published on: February 20, 2025, 12:00 AM UTC
Ansys Inc. reported fourth-quarter profit of $282.7 million, or $3.21 per share. Adjusted earnings came to $4.44 per share, beating Wall Street expectations. Revenue was $882.2 million, also topping estimates.
Published on: February 19, 2025, 11:08 PM UTC
The S&P 500 hits new record high on strong earnings and Fed minutes; Garmin surges on better-than-expected results, while Celanese plunges on operating losses.
Published on: February 19, 2025, 11:04 PM UTC
Short sellers have lost $73 billion in 2025 as the S&P 500 rallied, leading to short squeezes in stocks like Super Micro Computer, Hims & Hers Health, Oklo, and BigBear.ai.
Published on: February 19, 2025, 11:03 PM UTC
Atlanta Federal Reserve President Raphael Bostic says interest rate cuts are still possible this year as the Fed assesses the economy and new Trump administration policies.
Published on: February 19, 2025, 11:01 PM UTC
Escalating tensions between pharmaceutical companies and pharmacy benefit managers (PBMs) in Washington, DC, as President Trump's administration seeks to prioritize patients over PBM profits.
Published on: February 19, 2025, 11:00 PM UTC
PRA Group Inc. (PRAA) reported fourth-quarter profit of $18.5 million, or 47 cents per share, topping Wall Street expectations. Revenue was $293.2 million. For the year, the company reported profit of $70.6 million, or $1.79 per share, on revenue of $1.11 billion.
Published on: February 19, 2025, 10:10 PM UTC
Walmart's strong profit margins could drive its stock to $150, Morgan Stanley analysts predict, while other analysts see limited upside ahead of earnings.
Published on: February 19, 2025, 10:09 PM UTC
TrueBlue Inc. (TBI) reported a Q4 loss of $11.7 million, or 40 cents per share. Adjusted for non-recurring and amortization costs, the loss was 2 cents per share. Revenue for the quarter was $386 million.
Published on: February 19, 2025, 10:08 PM UTC
Intel (INTC) shares fell sharply on Wednesday, reversing a recent surge that was fueled by speculation over potential deals with TSMC (TSM) and Broadcom (AVGO). Analysts have expressed skepticism over the reported interest, citing concerns about antitrust scrutiny and the complexity of integrating Intel's manufacturing with TSMC's processes.
Published on: February 19, 2025, 10:03 PM UTC