Tag: science

The Department of Government Efficiency's actions have sparked concerns about privacy rights and the financial standing of the U.S. as it rapidly cuts spending and accesses sensitive Treasury Department payment systems. Advocacy groups and former treasury secretaries have raised alarms about the risks associated with this and lawsuits have been filed to stop these actions. Experts warn of the delicate nature of the U.S. financial system and the potential harm that could result from unilateral moves. They also express concerns about the compromise of Americans' personal information due to the unsafe handling of sensitive data.

Published on: February 11, 2025, 01:00 AM UTC

CBA expected to post marginal cash earnings growth in the first half, but high valuation faces headwinds from rising macroeconomic concerns.

Published on: February 11, 2025, 12:00 AM UTC

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

The Magnificent Seven tech stocks have underwhelmed in 2025, with only Meta posting double-digit gains. Tesla is the worst performer, down 6% due to weak sales and tariff concerns. Big Tech's massive capital expenditure plans for AI infrastructure have raised concerns about profit margins, leading to weakness in the Mag Seven and potentially the broader market.

Published on: February 10, 2025, 09:02 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

Rivian opens up orders for its commercial van beyond initial launch partners, creating a lucrative business opportunity in the growing electrified commercial van market.

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