Tag: science

OpenAI is reportedly in talks for a $40B funding led by SoftBank, at a $260B valuation.

Published on: January 30, 2025, 11:06 PM UTC

Walgreens Boots Alliance Inc. Suspends Quarterly Dividend as Cash Needs Loom

Published on: January 30, 2025, 11:03 PM UTC

Amid higher mortgage rates, pending home sales dropped 5.5% in December, with a significant decline in expensive regions. Despite gains in cash transactions, the rate increase impacted affordability.

Published on: January 30, 2025, 11:03 PM UTC

Fed Holds Rates Steady; GDP, Inflation Data Expected to Bolster Wait-and-See Approach

Published on: January 30, 2025, 11:02 PM UTC

US stocks gained momentum Thursday afternoon as investors digested earnings from megacap tech companies and awaited Apple (AAPL) results for further insights into Big Tech's prospects. The S&P 500 (^GSPC) rose 0.5%, the Dow Jones Industrial Average (^DJI) climbed 0.4%, and the Nasdaq Composite (^IXIC) gained 0.3%. In earnings news, Microsoft (MSFT) shares plunged 6% after its quarterly cloud revenue fell short of expectations, while Meta (META) beat on earnings, buoying its stock. Tesla (TSLA) shares also rose despite an earnings miss, with investors focusing on its commitment to renewed growth by 2025. Meanwhile, President Trump's renewed threats of tariffs on Mexico and Canada caused a spike in the US dollar index before closing flat. Investors also parsed the Federal Reserve's decision to hold interest rates steady, turning to corporate earnings reports for guidance.

Published on: January 30, 2025, 11:01 PM UTC

Laurel Road's HYSA offers a 4.00% APY with no minimums or monthly fees. It's an online-only account with high yield and no maintenance costs, making it a great choice for saving and earning interest.

Published on: January 30, 2025, 11:00 PM UTC

Meta Platforms and Tesla boost U.S. stocks after earnings reports. S&P 500 climbs 0.5%, Dow gains 0.4%, and Nasdaq adds 0.3%. Treasury yields dip after GDP report shows solid growth but slower than expected.

Published on: January 30, 2025, 10:08 PM UTC

The Bancorp Inc. reports Q4 net income of $55.9 million, or $1.15 per share, on revenue of $522.7 million. For the year, the company reported profit of $217.5 million, or $4.29 per share.

Published on: January 30, 2025, 10:05 PM UTC

Intel reports a narrower loss than expected in the fourth quarter. Revenue fell 7% and the company posted a loss of $100 million. Intel's foundry division delivered revenue of $4.5 billion, beating estimates. Looking ahead, Intel projects first-quarter revenue below analyst expectations and a wider loss.

Published on: January 30, 2025, 10:00 PM UTC

English cricket raised over £100 million on the first day of the Hundred franchise sale, with the Ambani family, owners of IPL's Mumbai Indians, acquiring a 49% stake in Oval Invincibles. The sale includes eight teams, with the Ambanis' purchase valuing the Oval Invincibles franchise at £123 million. Birmingham Phoenix, London Spirit, and Cardiff's Welsh Fire are among the teams set to be sold in the coming days, with potential investors including Avram Glazer, Sanjiv Goenka, and Silicon Valley executives. The proceeds from the sale will be distributed among counties and the recreational game.

Published on: January 30, 2025, 09:01 PM UTC