Posts with tag: tech
Federal judge ends SEC lawsuit over Allen Stanford's $7.2 billion Ponzi scheme, imposing fines on Stanford and former colleagues but acknowledging limited collection prospects.
Published on: January 30, 2025, 03:00 PM UTC
Deutsche Bank CEO Defends DEI Programs Amid Criticism, Underscores Commitment to Sustainability
Published on: January 30, 2025, 02:07 PM UTC
Investment bank Lazard reported a rise in fourth-quarter profit, driven by a strong advisory business. Net income rose to $85 million, or 78 cents per share, compared to $65 million, or 66 cents per share, in the year-ago period.
Published on: January 30, 2025, 12:03 PM UTC
Southwest Airlines (LUV) Q4 profit tops estimates on strong travel demand and fares; sees Q1 RASM growth of 5%-7%.
Published on: January 30, 2025, 12:00 PM UTC
DeepSeek's AI Model Shakes Up Tech Industry, Raising Questions About AI Spending and Market Risk
Published on: January 30, 2025, 11:03 AM UTC
Tesla stock rose 4% in extended trading on Wednesday after the company pledged a return to growth in 2025. In the fourth quarter, Tesla reported revenue of $25.7 billion, just short of analyst expectations, and adjusted earnings per share came in at $0.73, less than forecasted. For the full-year, revenue rose 1% to $97.7 billion, while Tesla said its auto business is expected to return to growth in 2025.
Published on: January 30, 2025, 10:01 AM UTC
Deutsche Bank plans to cut management roles and headcount in the coming years after higher-than-expected costs marred its results in the final months of last year.
Published on: January 30, 2025, 09:01 AM UTC
Shell maintains share buyback pace despite profit drop and debt rise due to weaker trading amid lower oil prices.
Published on: January 30, 2025, 09:00 AM UTC
Philippine economic growth slowed in Q4 2024, missing the government's target due to storms and flooding. GDP grew 5.2%, below the 5.5% estimate. The central bank cut interest rates to a two-year low amidst rising tariff risks and US policy uncertainty.
Published on: January 30, 2025, 03:00 AM UTC
ESSA reports first-quarter net income of $4 million, or 41 cents per share, on revenue of $28.4 million.
Published on: January 29, 2025, 11:06 PM UTC