Tag: mountains

Saudi Arabia plans to sell its first green euro bond worth €1.5 billion ($1.58 billion) to fund its Vision 2030 economic transformation plan, after receiving bids worth €7.25 billion. The green bond, with a seven-year tenure, will be priced at 115 basis points over the benchmark, while a conventional 12-year bond will be priced at 145 basis points over mid-swaps.

Published on: February 25, 2025, 05:00 PM UTC

RE/MAX stock drops after disappointing Q4 results. Revenue guidance misses and EBITDA falls short of expectations, leading to a 11.9% decline.

Published on: February 21, 2025, 09:04 PM UTC

EU Trade Commissioner Maros Sefcovic prioritizes avoiding economic pain from U.S. tariffs and EU countermeasures in trade talks with the Trump administration.

Published on: February 20, 2025, 03:00 PM UTC

Defense Secretary Pete Hegseth proposes reducing projected military spending by 8% over five years, exempting certain areas like border enforcement, drone programs, and nuclear weapons modernization.

Published on: February 19, 2025, 11:04 PM UTC

CEO of Rio Tinto takes the unusual step to host earnings in Washington, DC, and meet with US legislators to understand the implications of President Trump's expanding trade war.

Published on: February 19, 2025, 10:10 PM UTC

The DOGE commission, led by Elon Musk, claims to have saved billions in taxpayer dollars by canceling contracts, but Yahoo Finance's analysis of records casts doubt on the accuracy of these claims. The full list of agencies targeted by the commission is provided, along with concerns about the impact of job cuts on the federal workforce and the economy.

Published on: February 19, 2025, 10:01 PM UTC

Citigroup CEO Jane Fraser received the biggest pay raise among the top Wall Street banks in 2024, with her total compensation rising to $34.5 million. Goldman Sachs CEO David Solomon had the second-highest increase, with his pay rising to $39 million. JPMorgan Chase CEO Jamie Dimon and Bank of America CEO Brian Moynihan also received $39 million and $35 million, respectively. The lowest payout went to Wells Fargo CEO Charles Scharf, who received $31.2 million.

Published on: February 19, 2025, 07:02 PM UTC

Baidu makes its AI model open source following DeepSeek's viral success, marking a shift from the company's previous stance on closed-source models being more powerful and economical.

Published on: February 19, 2025, 08:02 AM UTC

Government-backed home loans are increasingly falling behind on payments, potentially signaling financial struggles for lower-income Americans. Delinquency rates on FHA and VA loans have surpassed pre-pandemic levels, highlighting the economic pressures faced by these borrowers amidst high home prices, inflation, and rising interest rates. Despite gradual increases in conventional mortgage delinquencies, they remain below pre-pandemic lows. Experts anticipate a potential rise in delinquencies outside the FHA sector, reflecting the vulnerability of lower-income households. Higher-income consumers are also facing the impact of inflation, with growing delinquencies observed in this group. However, current delinquency rates remain lower than during the 2008 financial crisis and the pandemic lockdowns, suggesting a stronger overall financial position among homeowners.

Published on: February 15, 2025, 02:00 PM UTC

Upwork (UPWK) reported better-than-expected Q4 sales, with revenue growth of 4.1% year-over-year. The company's non-GAAP profit per share of $1.03 also significantly exceeded analysts' estimates. However, Upwork's guidance for the upcoming quarter implies a 2.9% revenue decline.

Published on: February 12, 2025, 10:00 PM UTC