Posts with tag: technology
Ally Financial reports strong Q4 earnings with net income jumping 74% and net interest margin beating expectations. Shares surge as much as 8.7%, boosted by optimism and a deal to offload its credit-card business.
Published on: January 22, 2025, 04:01 PM UTC
Oil market fluctuates as Trump threatens tariffs, while traders assess fallout from US sanctions on Russia and weather impacts in the northern hemisphere.
Published on: January 22, 2025, 04:00 PM UTC
Netflix stock surged after the streaming giant reported its biggest quarterly subscriber gain in history, buoyed by live sporting events and the return of Squid Game. The company added 18.9 million customers in Q4, bringing its global subscriber base to over 300 million. Netflix will stop reporting subscriber figures after a surge in new customers from its crackdown on password sharing. It will focus on financial metrics like sales and profit instead.
Published on: January 22, 2025, 03:00 PM UTC
Venture Global lowers IPO target range to $23-$27 per share, reducing its potential market value to $65 billion. The move signals a setback for energy IPOs in the US, which have seen lackluster performance in recent months. Despite the lower pricing, Venture Global maintains a high valuation compared to competitors in the LNG industry.
Published on: January 22, 2025, 02:01 PM UTC
Lindus Health, an AI-driven clinical trial platform, bags $55M Series B to revolutionize the drug development process. By automating trial design, recruitment, and data collection, Lindus empowers biotech and pharma companies to accelerate drug discovery and improve patient outcomes.
Published on: January 22, 2025, 01:03 PM UTC
Procter & Gamble's strong Q2 results, driven by robust demand for household items and effective marketing strategies, including product innovations and influencer partnerships.
Published on: January 22, 2025, 01:00 PM UTC
President Trump's new SEC task force addresses cryptocurrency regulation, encouraging investor enthusiasm. Bitcoin price surges, industry awaits executive orders, and key personnel changes are underway.
Published on: January 22, 2025, 12:03 PM UTC
Netflix stock jumps 14% in pre-market trading after reporting Q4 earnings that beat expectations, including a whopping 18.9 million user gain and a $15 billion stock buyback.
Published on: January 22, 2025, 12:02 PM UTC
The Trump effect has taken over all the dinner party chats at the World Economic Forum in Davos this year. Bank executives are exuberant, crypto has played a front-and-center role, and both Europe and China have issued conciliatory messages. But not everyone is sanguine Trump will usher in a booming economy.
Published on: January 22, 2025, 12:01 PM UTC
Spain's Banco Sabadell to Discuss Moving HQ Back to Catalonia
Published on: January 22, 2025, 11:01 AM UTC