Posts with tag: technology
Etsy missed Wall Street estimates for Q4 revenue and GMS, hurt by weak spending on gifts and handcrafted goods. Despite reporting earnings per share that beat expectations, shares declined 4% premarket due to lower consumer demand and competition from other online shopping platforms.
Published on: February 19, 2025, 01:04 PM UTC
Electric truck maker Nikola files for bankruptcy, listing assets between $500 million and $1 billion and liabilities between $1 billion and $10 billion.
Published on: February 19, 2025, 01:04 PM UTC
Elon Musk is not in charge of the Department of Government Efficiency (DOGE), according to a White House affidavit. The document contradicts previous statements from the White House and Musk himself, who has publicly taken credit for leading the initiative.
Published on: February 19, 2025, 01:02 PM UTC
Warren Buffett's Berkshire Hathaway Acquires Stake in Constellation Brands, Boosting Shares
Published on: February 19, 2025, 01:01 PM UTC
Enpro Inc. reported fourth-quarter profit of $13.9 million, or 66 cents per share. Adjusted earnings were $1.57 per share. Revenue was $258.4 million.
Published on: February 19, 2025, 12:05 PM UTC
Healthcare Realty Trust reports Q4 FFO of $143.4 million, beating estimates, with revenue of $309.8 million. FFO for the year was $576.8 million, with revenue of $1.27 billion. The company expects full-year FFO in the range of $1.56 to $1.60 per share.
Published on: February 19, 2025, 12:05 PM UTC
Traders trim bets on further UK interest rate cuts after surprise inflation jump
Published on: February 19, 2025, 12:04 PM UTC
Elon Musk is not in charge of the Department of Government Efficiency (DOGE), according to the White House. In an affidavit, a Trump administration official claimed Musk is merely a "senior adviser" with no actual authority to make government decisions.
Published on: February 19, 2025, 12:02 PM UTC
Nvidia (NVDA) analysts remain bullish despite challenges with AI costs, including DeepSeek's lower-cost model. Earnings report on Feb. 26 expected to provide insights into Q1 outlook and market expectations.
Published on: February 19, 2025, 12:01 PM UTC
HSBC plans to cut thousands of jobs in the UK as it restructures and shifts its focus to China. The bank aims to reduce costs by $1.5 billion by next year, and the job cuts will primarily come from simplifying the organizational structure and reducing management layers. HSBC's focus on Asia, particularly China, is evident as it expands its wealth management presence in the region.
Published on: February 19, 2025, 12:01 PM UTC