Posts with tag: technology
Crypto VC Firm Paradigm Commits $1.25 Million to Support Legal Defense of Tornado Cash Developer Roman Storm, Facing Charges from the U.S. Department of Justice.
Published on: January 29, 2025, 02:07 PM UTC
US stock futures fluctuated ahead of big tech earnings and the Federal Reserve's interest rate decision. Traders will watch for weakness in Microsoft, Meta, and Tesla after concerns about AI competition, while the Fed is expected to keep rates steady but face questions about inflation risks.
Published on: January 29, 2025, 02:04 PM UTC
Silgan Holdings reports better-than-expected Q4 earnings of 85 cents per share; revenue of $1.41 billion also beats estimates.
Published on: January 29, 2025, 01:09 PM UTC
Virtu Financial Inc. (VIRT) reported fourth-quarter profit of $94.1 million, exceeding Wall Street expectations. Adjusted earnings were $1.14 per share on revenue of $834.3 million. For the year, the company reported profit of $276.4 million on revenue of $1.6 billion.
Published on: January 29, 2025, 01:07 PM UTC
VF Corp. reports strong Q3 sales, beating expectations, with revenue up 2%. Timberland brand sales rose 11%. The company raised its full-year free cash flow guidance and expects revenue to fall 4-6% in Q4. VF Corp. is implementing a turnaround plan, including cost reductions and a leadership reorganization, to revitalize its brands.
Published on: January 29, 2025, 01:07 PM UTC
Extreme Networks Inc. (EXTR) reported a profit of $7.4 million in its fiscal second quarter, with earnings per share of 6 cents. Adjusted earnings were 21 cents per share, and revenue was $279.4 million. For the current quarter ending in March, Extreme Networks expects earnings per share to range from 16 to 20 cents, and revenue to range from $276 million to $284 million.
Published on: January 29, 2025, 01:06 PM UTC
M/I Homes reports fourth-quarter net income, revenue misses estimates.
Published on: January 29, 2025, 01:05 PM UTC
A White House order to freeze government spending has been partially retracted, with some exceptions. A federal judge has blocked the halt from taking effect. The order has caused confusion and concern, but student loan and health insurance payments remain unaffected. The administration claims the freeze is to review programs for compliance with President Trump's executive orders. Critics argue that the move is unlawful and a test of Trump's power.
Published on: January 29, 2025, 01:02 PM UTC
Investors anticipate the Federal Reserve's policy meeting with little surprise but wonder how Chair Powell will address the impact of Trump's trade policies and rate cut demands.
Published on: January 29, 2025, 01:01 PM UTC
Prosperity Bancshares (PB) reported Q4 EPS of $1.37, beating estimates by $0.04. Revenue of $450.8M, above consensus of $302.8M. Zacks Equity Research report.
Published on: January 29, 2025, 12:05 PM UTC