Posts with tag: technology
UK Sells Record £13 Billion in 10-Year Bonds Despite Yield Concerns
Published on: February 11, 2025, 01:04 PM UTC
Royalty Pharma (RPRX) missed Q4 revenue estimates but exceeded EPS expectations. Portfolio Receipts beat estimates, and full-year 2025 guidance was above consensus. Despite a decline in operating margin, the company remains highly profitable. Analysts forecast 17.3% revenue growth over the next 12 months. Read our full research report to assess the company's fundamentals and valuation.
Published on: February 11, 2025, 01:04 PM UTC
Chevron's oil and gas reserves have fallen to a decade low, raising concerns about the company's long-term prospects. The acquisition of Hess, which is currently stalled due to a legal battle with Exxon Mobil, would give Chevron a stake in the lucrative Guyana oilfields.
Published on: February 11, 2025, 12:07 PM UTC
Wesco International Inc. (WCC) reported lower-than-expected Q4 earnings of $3.03 per share, missing analyst estimates of $3.22 per share. Revenue came in at $5.5 billion, exceeding expectations of $5.42 billion. For the year, the company reported profit of $717.6 million and revenue of $21.82 billion.
Published on: February 11, 2025, 12:06 PM UTC
Cybersecurity firm SailPoint is seeking a valuation of up to $12.57 billion in its US IPO, marking the year's first major test of investor appetite for tech stocks.
Published on: February 11, 2025, 12:06 PM UTC
UK sells record £13bn of 10-year bonds, attracting highest-ever demand from investors keen to lock-in yields near multi-decade highs.
Published on: February 11, 2025, 12:04 PM UTC
British equipment rental firm Ashtead Group seeks shareholder approval to relocate its primary listing to the United States, as the company aims to explore higher valuations in the US markets.
Published on: February 11, 2025, 12:04 PM UTC
US stocks rebounded on Monday as investors shrugged off President Trump's latest tariff threats. The Dow Jones Industrial Average (^DJI) gained nearly 0.4%, the S&P 500 (^GSPC) rallied about 0.6%, and the Nasdaq Composite (^IXIC) surged about 1%. Despite Trump's announcement that he would impose a 25% tariff on all steel and aluminum imports into the US, markets brushed off the threats. Energy stocks outperformed as oil prices rebounded from a three-week decline, while tech stocks also saw gains. Gold surged past $2,900 per ounce as investors sought safe-haven assets amid the tariff concerns.
Published on: February 11, 2025, 12:03 PM UTC
Elon Musk offers $97.4 billion for OpenAI, a nonprofit company he co-founded with Sam Altman. OpenAI is seeking to become a for-profit business, which Musk is suing to prevent.
Published on: February 11, 2025, 12:02 PM UTC
Elon Musk may personally benefit from dismantling the Consumer Financial Protection Bureau, which regulates companies like his planned "super app" X. Critics say the move could reduce oversight and harm consumers.
Published on: February 11, 2025, 12:02 PM UTC