Tag: society

Victory Capital Holdings Inc. (VCTR) reported fourth-quarter earnings of $76.9 million, exceeding Wall Street expectations. Adjusted earnings came to $1.45 per share, revenue was $232.4 million, also beating forecasts. For the year, the company reported profit of $288.9 million, or $4.38 per share, on revenue of $893.5 million.

Published on: February 06, 2025, 10:05 PM UTC

The labor market is currently in a "broadly stable" state, with little turnover and a steady unemployment rate. However, economists are concerned that inflation could eventually lead to a downturn in the job market, as higher prices could weigh on consumer spending and businesses may be less likely to hire new employees.

Published on: February 06, 2025, 12:01 PM UTC

Brinker International (EAT) CEO Kevin Hochman has led the restaurant chain to outperform its competitors, with a 348% stock gain over the past year. Chili's, known for its ribs, fajitas, and burgers, has seen a surge in customer visits and sales growth. Hochman attributes the success to value marketing, higher quality food, and operational improvements. He plans to continue the turnaround with new menu items, store renovations, and technology upgrades.

Published on: January 31, 2025, 03:05 PM UTC

US stocks surged on Thursday afternoon as investors digested earnings from major tech companies and anticipated Apple (AAPL) results for insights into the prospects of the tech industry.

Published on: January 31, 2025, 01:02 PM UTC

Apple Q1 earnings beat EPS and revenue estimates but miss on iPhone sales. Greater China revenue also falls short. Shares initially rose 3% in pre-market trading.

Published on: January 31, 2025, 12:01 PM UTC

Shares of Malibu Boats (NASDAQ:MBUU) jumped 9.3% in the morning session after the company reported strong fourth-quarter results. Access our full analysis report here, it’s free.

Published on: January 30, 2025, 07:04 PM UTC

The Nasdaq and S&P 500 rebounded on Tuesday, following a steep stock sell-off spurred by Chinese startup DeepSeek and the ripple effect its potentially cheaper AI model could have on Big Tech. Bellwether Nvidia (NVDA) was the standout of the trading day, with shares finishing the day up nearly 9% after it shaved off a record $589 billion from its market cap in the previous session.

Published on: January 28, 2025, 11:02 PM UTC

Packaging Corp. of America (PKG) reported Q4 EPS of $2.45, missing the Zacks Consensus Estimate of $2.51. The company reported revenue of $2.15 billion, exceeding the consensus of $2.13 billion.

Published on: January 28, 2025, 10:06 PM UTC

Hedge fund Bridgewater warns that DeepSeek's AI models could trigger a short-term tech stock correction, but says the overall AI industry outlook remains positive.

Published on: January 28, 2025, 04:06 PM UTC

Japanese company Metaplanet plans to raise $745 million to purchase 21,000 BTC by 2026, making it the largest equity funding in Asia for Bitcoin acquisition.

Published on: January 28, 2025, 03:05 PM UTC