Tag: tech

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Morgan Stanley CEO Ted Pick Gets $34 Million Pay Package

Morgan Stanley CEO Ted Pick received a compensation of $34 million for his first year in the role, while former CEO James Gorman received $37 million in his last year.

Hertz Sells 30,000 EVs After Losing Billions on Tesla Bet

Hertz sells off electric vehicles after losing billions on ill-advised bet

Knife River Corp. Reports Q4 Net Income of $23.3 Million

Knife River Corp. reported Q4 net income of $23.3 million, or 41 cents per share. Annual revenue reached $2.9 billion with a yearly profit of $201.7 million ($3.55 per share).

Dollar pares losses as Trump signals reciprocal tariffs

The dollar pared losses as US President Donald Trump announced reciprocal tariffs, prompting a shift towards riskier assets and concerns about rising inflation.

Lincoln Electric Tops Q4 Earnings, Revenue Estimates

Lincoln Electric Holdings (LECO) reported Q4 EPS of $2.47, adj. EPS of $2.57, revenue of $1.02B, beating estimates. For the year, EPS was $8.15, revenue $4.01B.

Federal Health Research Funding Cuts: Drug Industry and Experts Sound Alarm

NIH indirect cost cuts stir market turmoil, raise concerns about research funding and trickle-down effects on drug research and innovation. Analysts, researchers, and health experts weigh in on the implications.

CVS Q4 Earnings Beat, Medical Loss Ratio Improves

CVS Q4 2024 Earnings Beat Estimates, Stock Up; Revenue Rises, Profits Decline

Super Micro Computer Climbs 12% Premarket on Nasdaq Delisting Update and Revenue Goal

Super Micro stock surges as tech company plans to avoid Nasdaq delisting, outlines $40 billion revenue goal for 2026.

Kroger Names PepsiCo's David Kennerley as CFO

Kroger appoints PepsiCo's David Kennerley as CFO, effective April 3, succeeding interim CFO Todd Foley.

CME Profit Rises on Increased Hedging Amid Geopolitical Uncertainty

CME Group reports increased hedging activity in Q4, boosting profit by 6% to $1.53 billion, driven by geopolitical and economic uncertainty.