Tag: organization

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Helmerich & Payne Reports Q1 Earnings Beat, Revenue Miss

Helmerich & Payne reports fiscal Q1 net income of $54.8 million, beats EPS estimates but misses revenue forecasts.

Big Tech's AI Spending Spree: Meta, Google, MSFT Pump Billions Amid Investor Uncertainty

Meta, Microsoft, and Google are expected to spend a combined $228 billion on AI in 2025, a 55% increase from 2024, betting that the long-term payoff will offset concerns about the current lack of clear monetization.

Alphabet Beats on Earnings, Falls Short on Cloud Revenue

Google parent Alphabet beats earnings expectations but falls short on cloud revenue; company also faces antitrust probe in China and fallout from AI models developed by China-based DeepSeek.

Trump Admin Moves To Fulfill Crypto Sector's Regulatory Wishes

Republican lawmakers are pushing for clear regulation in the digital asset industry, including a stablecoin bill and a regulatory framework.

Spotify Beats Estimates, Posts First Full-Year Profit

Trump Tariffs on China: Impact on Tech Industry

President Trump's 10% tariffs on Chinese goods, including electronics like PCs and smartphones, are now in effect. Apple is among the tech companies most at risk, facing tariffs on its products made in China. Chipmakers could also see higher tariffs in the future, potentially impacting the AI industry.

U.S. GDP Tops Expectations, Inflation Reading Looms Large

A new GDP report and inflation reading this week should reinforce the Fed's wait-and-see approach on interest rates. The Fed is adopting a more cautious stance as they evaluate the economic policies of the new Trump administration.

HarborOne Bancorp Q4 Earnings Beat, Revenue Tops Estimates

HarborOne Bancorp Inc. (HONE) reports Q4 net income of $8.9 million, exceeding Wall Street estimates, with adjusted earnings of 20 cents per share on revenue of $81.2 million.

Cardinal Health Tops Q2 Earnings Expectations

Cardinal Health (CAH) reported better-than-expected Q2 earnings of $1.93 per share and revenue of $55.26 billion, beating analysts' estimates.

Fed Chair presser: Interest rates on hold in first meeting of 2025

Fed Chair Jerome Powell addresses questions from journalists after the Fed's decision to hold interest rates steady