Shares of PayPal (NASDAQ: PYPL) stock fell 18% in May, according to data from S&P Global Market Intelligence. PayPal is still the industry leader in digital and peer-to-peer payments, with first-quarter total payment volume (TPV) of $355 million, a 10% year-over-year increase. Investors seem to be more focused on PayPal's long-term prospects, which is the right lens in which to view the stock's value.
Ailing Tesla shares caught a rare 10% break overnight despite the electric auto giant's quarterly revenue miss, underscoring a better market mood as Meta steps up to the earnings dock later and U.S. business activity cools in April. Deep in a global price war and hit by waning worldwide demand for electric vehicles, Tesla said its quarterly revenue fell for the first time since 2020 and by more than Wall St analysts had forecast.
New York Community Bancorp will have to lure buyers for its commercial real estate (CRE) loans with steep discounts and diversify its revenue as it races to shore up its finances. The bank's new management has promised to unveil a turnaround plan this month after losses on CRE loans, NYCB's core business, sparked a rout that wiped nearly $6 billion off its market value and sparked ratings downgrades. A $1 billion investment led by former U.S. Treasury Secretary Steven Mnuchin's Liberty Strategic Capital has shored up the bank for the short-term, but it still needs to bolster its capital and shrink its exposure to the CRE sector, which has been hammered by higher interest rates.
We're finally into the "show me" portion of the AI narrative, and Coca-Cola and Microsoft's new deal might be a glimpse of what the near-term future will be like for AI.
DENVER & LUXEMBOURG, April 24, 2024--Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced its entrance into the Irish market with the development of a multi-phase data center campus (DUB1). The company will invest more than €1 billion over multiple phases to support the construction and delivery of the campus in one of the largest data center markets in Europe. The first two phases consist of 52MW of IT capacity, with the first phase expected to be
GULFPORT, Miss., April 24, 2024--Tutor Perini Corporation (NYSE: TPC) (the "Company"), a leading civil, building and specialty construction company, announced today that its subsidiary, Roy Anderson Corp, has been awarded a contract valued at approximately $72.7 million by the City of Pensacola, Florida, for Hangar 3 of Project Titan at Pensacola International Airport. The scope of work includes the design and construction of a new pre-engineered metal building hangar with a central shop and per
SAN MATEO, Calif., April 24, 2024--Hercules Capital, Inc. (NYSE: HTGC) ("Hercules" or the "Company"), is celebrating its 20th year of originations activity by reaching the $20.0 billion milestone in total debt commitments.
WALTHAM, Mass., April 24, 2024--Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today reported its financial results for the first quarter ended March 30, 2024.
LONDON, April 24, 2024--Valuedynamx, a Collinson Company and leading global provider of curated, data-driven purchase rewards, celebrates the first anniversary of their global partnership with Expedia Group. The partnership expanded travel redemption offers for Valuedynamx’s loyalty program partners and their customers, enabling loyalty program partners across industries to engage their customers with flexible reward currency redemption via Expedia’s global network of lodging partners. In the la
WOBURN, Mass., April 24, 2024--SES AI Corporation ("SES AI") (NYSE: SES), a global leader in the development and manufacturing of high-performance Li-Metal batteries, today announced that it signed an agreement to enter the next phase of its existing joint development agreement ("JDA") with Hyundai Motor Company (‘’Hyundai Motor’’) and Kia Corporation ("Kia") to start developing B samples.
President Joe Biden's administration unveiled plans on Wednesday to hold up to a dozen auctions of offshore wind development rights through 2028, including four before the end of this year. The schedule will help companies, states and others plan for projects that require massive amounts of investment and infrastructure, the Interior Department said in a statement. "Our offshore wind leasing schedule will provide predictability to help developers and communities plan ahead and will provide the confidence needed to continue building on the tremendous offshore wind supply chain and manufacturing investments that we've already seen," Interior Secretary Deb Haaland said in a statement.
FORT WORTH, Texas, April 24, 2024 (GLOBE NEWSWIRE) -- HighPeak Energy, Inc. (NASDAQ: HPK) (“HighPeak Energy”), today announced that it plans to release its 2024 first quarter financial and operating results after the close of trading on Wednesday, May 8, 2024. HighPeak Energy will host a conference call and webcast on Thursday, May 9, 2024 at 10:00 a.m. Central Time for investors and analysts to discuss its 2024 first quarter financial results and operational highlights. Participants may registe
Ex-Apple, Intel, NVIDIA, and Tesla veterans rearchitect compute infrastructure to accelerate AI innovationPARIS, April 24, 2024 (GLOBE NEWSWIRE) -- FlexAI, the universal AI compute company, today launched with $30 million (€28.5 million) in seed funding led by Alpha Intelligence Capital (AIC), Elaia Partners, and Heartcore Capital. The company is rearchitecting compute infrastructure to accelerate world-changing breakthroughs made possible by advancements in AI. FlexAI unlocks access to more com
NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- Grab Holdings Limited (NASDAQ: GRAB, the “Company” or “Grab”), plans to announce its unaudited first quarter 2024 results after the U.S. market closes on May 15, 2024. The Company’s management will hold a conference call to discuss the first quarter 2024 results at: Date and time:8:00 PM U.S Eastern Time on May 15, 20248:00 AM Singapore Time on May 16, 2024 A link to the call will be posted on the Company’s investor relations website at investors.grab
LOUISVILLE, Colo., April 24, 2024--Biodesix, Inc. (Nasdaq: BDSX), a leading diagnostic solutions company with a focus in lung disease, announced today that it will release financial results for the first quarter ended March 31, 2024 after the close of trading on Wednesday, May 8. Biodesix’s management will host a conference call and webcast to discuss its financial results and provide a general business update at 4:30 p.m. Eastern Time on the same day.
The U.S. Transportation Department is finalizing on Tuesday new rules that require upfront disclosure of airline fees and mandate refunds for delayed baggage or inoperative services like onboard Wi-Fi. The rules, which were nearly three years in the works, will require airlines and ticket agents to tell consumers upfront about baggage or change and cancellation fees. The department said consumers are expected to save $543 million annually in excess airline fees.
RESEARCH TRIANGLE PARK, N.C., April 24, 2024--Lenovo announced Hybrid AI solutions with AMD to deliver extreme performance and improved business outcomes.
TORONTO, April 24, 2024--The ADP Canada monthly Happiness@Work Index ("Index") reports an increase in worker sentiment for April, with secondary indicators showing an increase across the board.
Commercial-Scale DLE Column Now Commissioned and Operational at SLI’s Demonstration Plant in Arkansas Utilizing Koch Technology Solutions Li-Pro LSS UnitEL DORADO, Ark., April 24, 2024 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium development company, is pleased to announce that it has successfully commissioned and validated the performance of the largest continuously-operating Direct Li
ATLANTA, April 24, 2024--Volato Group, Inc. ("Volato," or the "Company") (NYSE American: SOAR) today announced that it has appointed Christopher G. Burger and Fred A. Colen to the Company’s Board of Directors. As part of this announcement, Joan Sullivan Garrett, Katherine Arris-Wilson, Peter Mirabello, and Dana H. Born have stepped down from the Company’s Board of Directors without disagreement.
WALTHAM, Mass., April 24, 2024--Revvity, Inc. (NYSE: RVTY) today announced the launch of the Auto-Pure 2400 liquid handler from Allsheng for use with the T-SPOT.TB test. The Auto-Pure 2400 platform is easy to use and designed to provide efficient workflows in the lab. When the accuracy of the T-SPOT.TB test is combined with the efficiency of the Auto-Pure 2400 system, labs, clinicians and ultimately patients, benefit from the resultant powerful solution.
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