Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House The US Department of Justice has warned Elon Musk’s political action committee it may be violating federal law after the world’s richest man pledged to award $1mn a day to registered voters … Read more
“ In the last weeks of the presidential race, some polls and prediction markets suggest that Donald Trump could be re-elected in January 2025. The Economist’s statistical model of America’s presidential election has shown Trump overtaking Vice President Kamala Harris for the first time since August, and other news outlets and political forecasters are also … Read more
Former Abercrombie & Fitch Chairman and CEO Mike Jeffries faced consequences after being arrested on federal sex trafficking charges. The company released a statement expressing their commitment to cooperating with law enforcement during the legal process. Abercrombie & Fitch distanced themselves from Jeffries, emphasizing that his employment with the company had ended nearly a decade … Read more
The Competition and Markets Authority in the UK has launched a study to investigate barriers to investment in the country. They have observed that the mark-up charged for goods and services has increased over the past 25 years. The authority plans to release its initial findings towards the end of the year, focusing on how … Read more
U.S. stocks experienced a decline on Wednesday, extending the losing streak on Wall Street to three days as the market grappled with rising Treasury yields and disappointing earnings. However, after hours, Tesla’s stocks saw a surge following a better-than-expected earnings report, rising by more than 9%. Tesla announced plans to begin production on more affordable … Read more
David Einhorn spoke at the 2024 Sohn Conference in New York City on April 3, 2024. Adam Jeffery | CNBC Peloton’s shares surged over 11% on Wednesday following Greenlight Capital’s David Einhorn stating that the company’s shares are significantly undervalued, as reported by CNBC. Einhorn presented his case at the Robin Hood Investors Conference, although … Read more
IBM (IBM) stock saw a decline late on Wednesday despite reporting better-than-expected third-quarter earnings. Although IBM’s revenue missed expectations, the company experienced strong growth in software sales, which was partially offset by weaknesses in consulting and infrastructure operations. IBM reported adjusted earnings of $2.30 per share on sales of $14.97 billion for the quarter ending … Read more
We achieved record full-year revenues of $2.427 billion, marking an 8.7% increase from the previous fiscal year. Our fourth quarter revenues rose to $639.9 million, a 11.9% increase, with net income at $44.6 million. Adjusted EBITDA for the quarter increased to $95 million, up 32.5% year-over-year. Looking ahead to fiscal 2025, we project revenue to … Read more
Stay updated on important corporate, financial, and political developments worldwide. Stay informed and identify emerging risks and opportunities with reliable global reporting, expert commentary, and trustworthy analysis. Subscribe now to access this article and enjoy unlimited reading for just $1 for the first 4 weeks, then $75 per month. This offer is valid for new … Read more
A new report reveals a significant increase in student demand for MBA degrees. The number of total applications to U.S. MBA programs surged by 11% between 2023 and 2024, following two years of declines. The Graduate Management Admissions Council (GMAC) released the survey showing this uptick. Full-time MBA programs experienced the most growth in the … Read more