Yahoo Finance How Hurricanes Affected HPE’s Earnings
Perhaps US-based (SPY) IT vendor Hewlett Packard Enterprise (HPE) would have generated better profits in fiscal 4Q17 if not for the impact of natural disasters.
Perhaps US-based (SPY) IT vendor Hewlett Packard Enterprise (HPE) would have generated better profits in fiscal 4Q17 if not for the impact of natural disasters.
The Rubrik IPO launches Thursday, as the data security firm priced at 32 a share, above its expected range.
LOS ANGELES & PARIS, April 25, 2024--OpenGate Capital ("OpenGate"), a global private equity firm, announced today that it has completed the sale of SMAC, a provider of waterproofing and building envelope systems, to Compagnie Financière Jousset ("CFJ") and the SMAC management team. Terms of the transaction were not disclosed.
Baron Funds, an investment management company, released its “Baron Real Estate Fund” first quarter 2024 investor letter. A copy of the same can be downloaded here. The fund had a strong performance in the quarter and generated a gain of 8.28% (Institutional Shares). The Fund beat both the MSCI US REIT Index (the REIT Index), […]
The Federal Communications Commission said on Thursday it is ordering the U.S. units of China Telecom, China Unicom and China Mobile to discontinue fixed or mobile broadband internet operations in the United States. The FCC said it was requiring the Chinese carriers to discontinue services within 60 days of the effective date of the net neutrality order approved on Thursday. The order also applies to Chinese telecom Pacific Networks and its wholly owned subsidiary ComNet.
Despite the prevailing high interest rate environment, US pending home sales data released on Thursday revealed a surprising 3.4% climb in March. To shed light on the dynamics shaping the housing market, Redfin (RDFN) CEO Glenn Kelman joins Wealth! Kelman acknowledges that while mortgage rates have deterred some homebuyers, those who remain in the market are "more serious." He anticipates housing market slowdowns may not be as severe as last year, as those who need to buy have been postponing their purchases but can no longer afford to do so, despite it being "a really hard time to buy a house." With mortgage rates soaring and housing prices increasing, he notes that "buyers just can't catch a break," emphasized by inventory levels that have yet to normalize. This challenging environment has left the housing market in dire need of a Federal Reserve rate cut, according to Kelman. Additionally, Kelman offers valuable tips for navigating this environment and securing a home. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
A new law provides a pathway to ban the popular app in the US. Here's a look at what it could mean for creators.
Weatherford International plc (NASDAQ:WFRD) Q1 2024 Earnings Call Transcript April 24, 2024 Weatherford International plc isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, thank you for standing by. Welcome to the Weatherford International First Quarter 2024 Earnings […]
Power company PG&E Corp beat Wall Street estimates for first-quarter profit and raised its full-year earnings forecast on Thursday, helped by higher electricity rates and lower operating and wildfire-related costs. Last year, the California Public Utilities Commission (CPUC) voted to approve PG&E's infrastructure plan that would lead customer bills to rise by nearly 13%. In January, the CPUC also approved a $45 million settlement for the utility's part in the destructive 2021 Dixie wildfire, which in 2021 resulted in more than 963,000 acres (390,000 hectares) being burned across multiple counties.
Local Officials and Community Members Join Wawa in Celebrating Official Entrance in Alabama with Charitable Hoagie Building Competition and Partnership to “Lend a Helping Hoagie” to Prodisee PantryFAIRHOPE, Ala., April 25, 2024 (GLOBE NEWSWIRE) -- Wawa, Inc. today announced a significant milestone in the Company’s history – the grand opening of its first Wawa store in the state of Alabama! Located in Baldwin County, at 18968 Greeno Road in Fairhope, this location is the first of three Wawa store
BHP might have to sweeten its offer for Anglo American if it wants to succeed in its takeover of the diversified international miner with stakes in three big South American copper mines. BHP, which is the world’s largest miner and a major producer of iron ore, made an offer for London-based Anglo American that values the company at 25.08 pounds per share, or 2,508 pence, including the value of stakes in Anglo American Platinum and Kumba Iron Ore that would be spun off to Anglo American shareholders before any deal. Anglo American said it is reviewing the proposal.
Ford (F) reported its first-quarter earnings after the bell on Wednesday afternoon, beating estimates with $42.8 billion in revenue against an expected $40.04 billion. The automaker also reported commercial revenue jump 36% but saw EV sales decline. Yahoo Finance Reporter Pras Subramanian joins The Morning Brief to break down the numbers from Ford and what it means for investors moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
It’s time to buy Treasury bonds again. Driving the yield higher has been stubbornly high inflation that has made it increasingly clear that the Federal Reserve won’t soon start reversing the 11 interest-rate increases it has rolled out since March 2022 as it seeks to rein in price growth. Higher yields are wreaking havoc on the stock market because they threaten to slow spending and borrowing by both consumers and businesses.
Lufthansa admitted that their Tuesday flight to LAX had a bit of a ‘rough landing’ when it touched down
The Federal Communications Commission said on Thursday it is ordering the U.S. units of China Telecom, China Unicom and China Mobile to discontinue fixed or mobile broadband internet operations in the United States. The FCC said it was requiring the Chinese carriers to discontinue services within 60 days of the effective date of the net neutrality order approved on Thursday. The order also applies to Chinese telecom Pacific Networks and its wholly owned subsidiary ComNet.
TAMPA, Fla., April 25, 2024--Masonite International Corporation (NYSE: DOOR) ("Masonite") today announced that its shareholders have voted to approve the Company’s proposed transaction with Owens Corning at its Special Meeting of Shareholders. As previously announced, under the terms of the transaction, Masonite shareholders will receive $133.00 per share in cash in connection with the closing of the transaction.
The summer travel season is around the corner. But with high inflation and interest rates, there are questions about the health of the US consumer heading into the summer. A new Bankrate survey found that more than one-third of Americans are willing to take on debt for travel. Bankrate Senior Industry Analyst Ted Rossman joins Wealth! to give insight into the health of the consumer during the summer travel season. When asked who specifically was willing to take on debt, Rossman responds, "Millennials, actually, they love their experiences. They are more likely to be splurging on travel. Where it really stood out was a different recent study we did, we asked not only about travel but also dining and concerts and sporting events and other live entertainment, that's where people under the age of 40 really stood out." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
While the dollar was hardly shaken against the beleaguered yen, it otherwise saw only a brief gain after the Commerce Department reported that U.S. gross domestic product grew at a 1.6% annualized rate in the January-March period, slower than the 2.4% rate expected by economists polled by Reuters. The inflation surprise puts an even greater-than-usual focus on the release on Friday of PCE price index data for March. The yen, meanwhile, hit a fresh 34-year low versus the dollar and a 16-year low against the euro on Thursday as investors expect a Bank of Japan (BOJ) policy meeting that ends on Friday to not be hawkish enough to support the Japanese currency.
England legend Maggie Alphonsi tipped Red Roses star Ellie Kildunne to crowned Women’s Six Nations Player of the Championship ahead of this weekend’s Grand Slam decider against France.
Valley National Bancorp reported a slump in its first-quarter profit on Thursday, dragged down by a fivefold increase in rainy-day funds on account of its exposure to commercial real estate. High interest rates and borrowing costs have heightened worries of debt defaults in the commercial real estate (CRE) market, which is already in doldrums due to empty office buildings in the post-pandemic era. Valley National's provisions for credit losses surged to $45.3 million in the first quarter, compared with $9.5 million a year earlier.
The top five biotech stocks today have several commonalities. Among them are strong ratings. Some show promising charts and are Tech Leaders.