Posts with tag: technology
Atlassian shares jump 16% after projecting strong Q3 revenue and raising FY revenue forecast, fueled by demand for AI-enabled cloud services.
Published on: January 30, 2025, 10:05 PM UTC
Arthur J. Gallagher, an insurance brokerage, reports a $258.2 million profit in Q4 due to increased insurance activity boosting fees and commissions.
Published on: January 30, 2025, 10:04 PM UTC
Mortgage rates remain essentially unchanged despite stock market sell-off. 30-year rates hold at 6.95%, while 15-year rates drop slightly to 6.12%. Higher rates and supply shortage continue to impact affordability, with sales activity declining.
Published on: January 30, 2025, 10:03 PM UTC
Microsoft and Meta executives address DeepSeek's AI advancements, discuss their own AI spending strategies, and emphasize the ongoing significance of investing in AI infrastructure.
Published on: January 30, 2025, 09:02 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
Tesla missed Q4 revenue estimates but pledged a return to growth in 2025, with paid FSD coming to Austin in June. Shares jumped 4% on the news, but analysts note lack of detail and the company's first year-over-year delivery decline.
Published on: January 30, 2025, 08:03 PM UTC
Strong Q4 GDP, Inflation Concerns Keep Fed on Hold for Now
Published on: January 30, 2025, 08:02 PM UTC
Caterpillar stock fell 5% after the company reported Q4 revenue of $16.2B, below estimates. Earnings per share reached $5.78, beating expectations. Revenue declined across segments due to shrinking dealer inventories. Caterpillar is seen as an indicator of economic trends.
Published on: January 30, 2025, 07:06 PM UTC
UPS stock price dropped 17.6% after reporting weak Q4 results and providing lower revenue guidance. Learn why the market overreacted and if now is a good time to buy UPS shares.
Published on: January 30, 2025, 07:05 PM UTC
Elon Musk wants to make manufacturing "cool again." College grads are showing some interest in manufacturing, but law school applications are also rising.
Published on: January 30, 2025, 07:05 PM UTC