Tag: internet

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CVS Gains 15% After Conservative Outlook, PBM Defense

CVS stock surges 15% on conservative 2025 outlook, earnings beat; CEO defends PBM unit

Avient Q4 earnings top estimates, revenue misses

Avient Corp (AVNT) reported fourth-quarter earnings of $48.3 million, or 52 cents per share, beating estimates. Revenue was $746.5 million, missing forecasts. For the year, the company reported earnings of $169.5 million, or $1.84 per share, on revenue of $3.24 billion. Avient expects full-year earnings in the range of $2.70 to $2.94 per share.

U.S.-Russia Talks Boost European Stocks, Euro to Record

The euro and European stocks rose on optimism that US-Russia talks could end the Ukraine war, boosting risk appetite and benefiting riskier assets.

Private Equity Giants Eye $8.54 Billion Trend Micro Deal

Bain Capital, Advent International and EQT AB are among the private equity firms competing to acquire Trend Micro, a Japanese cybersecurity firm valued at $8.54 billion.

Anavex Life Sciences Reports Q1 Loss

Anavex Life Sciences (AVXL) reported a $12.1 million loss in Q1, a 14-cent loss per share. AVXL shares have fallen 23% YTD, but have risen 35% in the past year.

Ofwat Investigating Thames Water Over Environmental Scheme Delays

Water regulator Ofwat is investigating Thames Water for potential breach of obligations due to delayed environmental protection schemes, putting the heavily indebted company at risk of penalties.

Oil Steady After API Reports Large US Crude Stock Build

Oil prices steady as industry report shows large increase in US crude stockpiles, market awaits further trade actions from Trump.

Apple's Powerbeats Pro 2: First Earbuds with Built-In Heart Rate Monitors

Apple's Beats Powerbeats Pro 2 earbuds debut with built-in heart rate monitoring sensors, improved audio, battery life, and more.

Oil Gains After Weekly Losing Streak as Trump Tariffs Loom

Oil rebounds as escalating trade war weighs on market sentiment, with Brent at $75/barrel and WTI at $71/barrel. US-China tariffs, possible new aluminum and steel tariffs, and lackluster demand outlook all contribute to oil's downward trend.

Asian Markets to Open Shaky on Trade Tensions, Powell Testimony

Asian markets are poised for a drop after President Donald Trump announced tariffs on steel and aluminum imports, adding to market jitters ahead of Jerome Powell's upcoming testimony.