Tag: research

PennantPark Floating Rate Capital Ltd. (PFLT) reported a fiscal first-quarter profit of $28.3 million, or 33 cents per share, beating analyst estimates of 31 cents per share. Revenue was $67 million, also topping forecasts of $58.9 million.

Published on: February 10, 2025, 10:08 PM UTC

Corrections Corp. of America (CXW) reported Q4 FFO of $0.39 per share, beating the Zacks Consensus Estimate of $0.33 per share. The company reported revenue of $479.3 million for the quarter, also beating the Zacks Consensus Estimate of $461.6 million.

Published on: February 10, 2025, 10:06 PM UTC

US stocks rebounded Monday as investors overlooked President Trump's new tariff threats, including levies on steel and aluminum imports. The Dow Jones Industrial Average (^DJI) climbed nearly 0.4% after the blue-chip index on Friday posted its worst loss in almost four weeks. The S&P 500 (^GSPC) gained roughly 0.6%, while the Nasdaq Composite (^IXIC) jumped nearly 1% as shares of AI chipmaker Nvidia (NVDA) surged 3%, along with other tech stocks.

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

Billionaire Elon Musk offers $97.4 billion to buy the nonprofit that controls OpenAI, the AI startup.

Published on: February 10, 2025, 09:00 PM UTC

Rivian expands commercial van orders beyond Amazon, opening up a lucrative new business line for the EV maker. The vans, available in two sizes and starting at $79,900, cater to the growing demand for electric delivery vehicles. Rivian's move positions it well in the expanding commercial van market, estimated to reach $210.3 billion by 2034.

Published on: February 10, 2025, 08:02 PM UTC

Elon Musk calls for greater scrutiny of the Federal Reserve, suggesting 89-year-old former Congressman Ron Paul as a potential auditor.

Published on: February 10, 2025, 07:02 PM UTC

McDonald's (MCD) missed financial expectations in Q4 2024, facing challenges including an E. coli outbreak and weak U.S. sales. Despite these headwinds, the company remains optimistic, aiming to regain market share and profitability with value-driven menu offerings and customer-focused initiatives.

Published on: February 10, 2025, 06:02 PM UTC

McDonald's Q4 2024 earnings missed estimates, with revenue down 0.28% and EPS of $2.80 below expectations. Global same-store sales grew 0.4%, driven by international markets, while US sales declined 1.4% due to an E. coli outbreak. The company is implementing a McValue menu and other initiatives to regain foot traffic in 2025.

Published on: February 10, 2025, 03:02 PM UTC

The increasing use of generative artificial intelligence (GenAI) could boost the productivity of India's $254 billion software industry by 43%-45% over the next five years, according to a survey by consulting firm EY India.

Published on: February 10, 2025, 10:01 AM UTC

Bitcoin demand is surging in Japan, fueling a meteoric rise in Metaplanet Inc. shares as the company pivots to a Bitcoin-first strategy. MicroStrategy's success has inspired many Japanese companies to emulate its massive Bitcoin investment, attracting retail investors seeking exposure to the volatile cryptocurrency. Metaplanet's unique NISA investment option and Bitcoin-themed hotel business set it apart in the market.

Published on: February 10, 2025, 10:00 AM UTC