Posts with tag: technology
Frank founder Charlie Javice is on trial for allegedly defrauding JPMorgan Chase in a $175 million buyout deal. Prosecutors say she lied about the number of customers her company had, while her attorney blames the bank for "buyer's remorse."
Published on: February 21, 2025, 12:04 AM UTC
Fed's Musalem Warns Against Further Rate Cuts as Inflation Concerns Rise
Published on: February 21, 2025, 12:02 AM UTC
US stocks retreated on Thursday as investors examined Walmart's (WMT) outlook and weighed the potential consequences of President Trump's planned tariffs and policy changes.
Published on: February 21, 2025, 12:01 AM UTC
Rivian posts strong Q4 results, achieves gross profit, narrows 2024 EBITDA loss outlook
Published on: February 21, 2025, 12:01 AM UTC
Oil prices surge on supply uncertainties, with possible OPEC+ delay, disrupted Kazakh output, and Iraq's unclear export resumption affecting crude outlook.
Published on: February 21, 2025, 12:01 AM UTC
Forum Energy Technologies Inc. reports a Q4 loss of $103.5 million. The Houston-based company had a loss of $8.39 per share, or 48 cents per share after adjusting for one-time gains and costs. Revenue was $201 million for the quarter. For the year, the company reported a loss of $135.3 million, or $11 per share, on revenue of $816.4 million.
Published on: February 20, 2025, 11:10 PM UTC
Acco Brands reports Q4 loss, misses estimates. Revenue also misses forecasts. Full-year loss widens.
Published on: February 20, 2025, 11:10 PM UTC
U.S. bankruptcy judge approves Spirit Airlines' debt restructuring plan, allowing the budget carrier to convert $795 million in debt to equity and emerge from Chapter 11 as a private company.
Published on: February 20, 2025, 11:07 PM UTC
Asian stocks advance despite disappointing forecast from Walmart; US stocks fall from all-time highs due to concerns about consumer health and geopolitical conditions.
Published on: February 20, 2025, 11:04 PM UTC
Mortgage rates ticked down slightly this week to 6.85% for 30-year fixed-rate mortgages and 6.04% for 15-year mortgages.
Published on: February 20, 2025, 11:03 PM UTC