Gaming company Inspired (NASDAQ:INSE) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 2.2% year on year to $83 million. Its non-GAAP profit of $0.16 per share was 6.7% above analysts’ consensus estimates.
News of the day for March 17, 2025
EXCLUSIVE: Wall Street expected Trumpenomics to look very different, JPMorgan's Jake Manoukian tells Fortune.
(Bloomberg) -- The slowdown in sales of electric vehicles worldwide has prompted Coronation Fund Managers Ltd. to take a fresh look at South African producers of precious metals used in traditional gasoline engines.Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressThe Dark Prophet of Car-Clogged CitiesSaving the Signature Sound of Washington,
Government IT services provider Science Applications International Corporation (NASDAQ:SAIC) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 5.8% year on year to $1.84 billion. The company expects the full year’s revenue to be around $7.68 billion, close to analysts’ estimates. Its non-GAAP profit of $2.57 per share was 23.2% above analysts’ consensus estimates.
Wall Street's main indexes edged higher in choppy trading on Monday following the latest batch of economic data even as investors try to gauge the impact of the Trump administration's tariffs on the world's largest economy. Intel rose 4.9% after a report said incoming CEO Lip-Bu Tan has considered significant changes to its chip manufacturing methods and artificial intelligence strategies ahead of his return to the company.
NEW YORK (Reuters) -Global hedge funds started to add back U.S. equities to portfolios last week following a massive selloff in Wall Street's major indexes, an early indication of optimism about the country. Goldman Sachs said in a separate note that after unwinding positions in U.S. stocks on March 7 and 10, hedge funds started to add exposure to the world's largest economy back for the rest of the week through Thursday. The bank showed hedge funds added both long and short bets on U.S. stocks, adding hedge funds' global portfolios became more bearish, as the proportion of bets stocks will fall grew relative to long positions last week.
(Bloomberg) -- Emerging-market equities are set to extend their best monthly performance since September as a rebound in Chinese shares gain momentum on more fiscal measures.Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressThe Dark Prophet of Car-Clogged CitiesSaving the Signature Sound of Washington, DCThe MSCI Emerging-Market Index has rise
Market gains that started last fall, when polls showed President Trump taking a narrow lead in the election, have been erased.
(Bloomberg) -- A sign of stability is emerging after the S&P 500 Index plunged into one of its sharpest-ever corrections: Traders are ditching bets that another deep slide is ahead.Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressThe Dark Prophet of Car-Clogged CitiesSaving the Signature Sound of Washington, DCEven before the benchmark for US