Why Is Health Care Company Fortrea Stock Diving Today?
Fortrea reported weak Q1 FY24 results and lowered its revenue outlook. Backlog at $7.4B, adjusted EBITDA declined, and EPS missed.
Wells Fargo Unveils New Business Credit Card With Cash Rewards: Details
Wells Fargo's Signify Business Cash Mastercard offers unlimited 2% cash rewards with no caps or fees, aiming to simplify cash flow for business owners.
Live Ventures Post 30% Hike In Q2 Sales As Acquisitions Boost
Despite operational challenges in Retail-Flooring segment, Live Ventures reporting $35.5 million gross profit and $4.5 million adjusted EBITDA in Q2 FY24.
HUYA Beats Revenue Estimates in Q1, Yet Faces Challenges in Game Streaming Sector
HUYA beats analyst estimates with $208.31M revenue in Q1 2024. Adjusted earnings per ADS was $0.05. Live streaming revenue declined, while game-related services and advertising revenue grew 137.6% Y/Y. Gross margin at 14.7%. Cash and equivalents at $1.30B.
What’s Going On With Banking Giant UBS Stock Today?
Swiss bank UBS makes $5B AT1 bonds available for equity conversion It recently reported strong Q1 sales and plans to close merger with Credit Suisse AG on May 31.
SoftBank Group Offloads Entire Alibaba Stake After Jack Ma-Founded Company Causes $6.16B Loss
Alibaba now accounts for "almost zero" of SoftBank's net asset value.
Squarespace Seals $6.9B Privatization Deal With Permira, Major Investors Back Transformative Deal
Squarespace agrees to go private with Permira in a $6.9B all-cash transaction, with stockholders receiving $44.00 per share. CEO will remain in charge.
Intel In Advanced Talks With Apollo For $11B Ireland Plant Partnership: Report
Intel reportedly edges closer to a groundbreaking deal with Apollo Global Management for an $11 billion investment in a new chip plant in Ireland. Exclusive negotiations signal imminent progress, marking a strategic move by CEO Pat Gelsinger to expand Intel's footprint amidst surging chip demand.
Apple’s Potential Partnership With OpenAI Opens Up Revenue Opportunities, Says Tech Bull: ‘The Golden Goose For Cook And Cupertino Was…’
Apple's partnership with Microsoft-backed OpenAI could open up a "myriad" of revenue opportunities for Cupertino.
Sempra Rethinks Bechtel For Cameron LNG Expansion As Costs Surge: Report
Sempra revisits Bechtel for Cameron LNG project due to rising costs. Other U.S. LNG projects also affected.