[ad_1] Meta (META) reported fourth quarter earnings Wednesday that beat expectations while the company forecasted a slowdown in revenue growth in the current quarter and said expenses in 2025 would grow faster than last year. Shares of the company initially fell 4% in after hours trading following the results, but were up about 1% near 5:00 p.m. ET. The social media giant reported fourth quarter earnings per share of $8.02 on revenue of $48.4 billion, higher than expectations for EPS to reach $6.75 on revenue of $46.9 billion, according to Bloomberg estimates. For the full-year, the company’s net income totaled…
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[ad_1] Lucara Diamond ( (TSE:LUC) ) has shared an update. Lucara Diamond Corp. has successfully transitioned its Swedish listing to the Nasdaq First North Growth Market, with trading set to commence on January 31, 2025. This strategic move may enhance its market positioning without affecting its listings on the Toronto and Botswana Stock Exchanges, and shareholders are not required to take any action. More about Lucara Diamond Lucara Diamond Corp. is a leading independent producer of large, exceptional quality Type IIa diamonds, operating the Karowe Diamond Mine in Botswana since 2012. The company focuses on sustainable practices and upholds high…
[ad_1] Now we know about DeepSeek. Here’s what could be next for Nvidia stock. [ad_2] Source link
[ad_1] CNN — The Federal Reserve’s decision on Wednesday to keep its overnight bank lending rate where it is — following a full percentage point cut last year — means you still have an opportunity to enjoy solid, inflation-beating returns on your savings if you’re smart about where you put them. At the same time, because the Fed’s rate moves (or inaction) can directly or indirectly influence rates on a range of consumer loans and financial products, you’ll want to do what you can to limit the interest payments on your debts so you don’t spend a dollar more than…
[ad_1] Rosenblatt maintains Sell rating on Intel stock with $20 target [ad_2] Source link
[ad_1] Wall Street thought the Fed was done lowering interest rates — at least for now. The Jan. 29 announcement of a “pause” proved the money runners were right. “We’re not doing anything,” the Fed all but said — and that’s news in the monetary world. The Fed cut short-term interest rates three times last year, including a jumbo half-point discount to kick off the lower-rate season in September. With the last quarter-point reduction in December, the low end of the target federal funds rate declined from 5.25% to 4.25%. That’s where it remains. A full percentage point lower and…
[ad_1] Satya Nadella, CEO of Microsoft, arrives for the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, July 9, 2024.Brendan McDermid | ReutersMicrosoft shares fell 5% in extended trading on Wednesday after the software company issued fiscal second quarter results that included lighter growth in Azure cloud computing services than expected.Here’s how the company did in comparison with LSEG estimates:Earnings per share: $3.23 vs. $3.11 expectedRevenue: $69.63 billion vs. $68.78 billion expectedMicrosoft’s revenue grew 12% year over year in the quarter, which ended on Dec. 31, according to a…
[ad_1] SolarBank Corporation (Nasdaq: SUUN) (Cboe CA: SUNN) (FSE: GY2) has marked a successful 2024 with major financial transactions, strategic acquisitions, and key project developments. The company continues to expand its role in clean energy, delivering reliable and sustainable power across North America. SolarBank is an independent renewable energy developer specializing in distributed and community solar projects across Canada and the U.S. The company focuses on solar, battery energy storage, and EV charging solutions, serving utilities, commercial entities, municipalities, and residential customers. With a pipeline exceeding one gigawatt and over 100 megawatts of completed projects, SolarBank continues to drive the…
[ad_1] Nvidia (NVDA) stock tanked on Monday, falling more than 17% and losing nearly $600 billion off its market cap as investors digested the growing popularity of a new cost-effective artificial intelligence model from the Chinese startup DeepSeek. But retail investors bought the dip. Data from VandaTrack shows retail investors bought more than $562 million of the name on Monday, the largest single-day inflow into the stock in VandaTrack’s data. On Tuesday, as the stock rebounded and rose roughly 9%, there was once again a large swath of retail buying totaling nearly $360 million. Across the two days of chaotic…
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