VAST Data has recently been valued at $30 billion following a successful closing of its Series F financing round, marking a significant increase from its previous valuation of $9.1 billion. This development highlights the growing demand for new data infrastructure necessary for the advancement and deployment of AI technologies on a global scale. VAST Data has positioned itself as a crucial compone...
VAST Data has recently been valued at $30 billion following a successful closing of its Series F financing round, marking a significant increase from its previous valuation of $9.1 billion. This development highlights the growing demand for new data infrastructure necessary for the advancement and deployment of AI technologies on a global scale. VAST Data has positioned itself as a crucial component in the AI ecosystem by providing an innovative architecture that unifies data, compute, and...
Something rare happened on Intel (NASDAQ:INTC)’s earnings call. CEO Lip-Bu Tan effectively told investors that Elon Musk will teach Intel more about running a chip business than Intel will teach Musk. For a company that spent decades as the default answer in silicon, that’s a striking shift. The moment came when Tan was asked about ... Intel’s CEO Just Admitted Elon Musk Will Teach Them More Than ...
Something rare happened on Intel (NASDAQ:INTC)’s earnings call. CEO Lip-Bu Tan effectively told investors that Elon Musk will teach Intel more about running a chip business than Intel will teach Musk. For a company that spent decades as the default answer in silicon, that’s a striking shift. The moment came when Tan was asked about ... Intel’s CEO Just Admitted Elon Musk Will Teach Them More Than They’ll Teach Him
Avis Budget Group Inc. ’s second-biggest shareholder Pentwater Capital Management LP boosted its stake in the car rental company just before the stock’s nearly 70% rout. Pentwater exercised about 7,400 call options, which give the buyer the right to buy the underlying security, acquiring 741,100 shares in Avis and pushing their stake in the company to 22.2%, according to a regulatory filing releas...
Avis Budget Group Inc. ’s second-biggest shareholder Pentwater Capital Management LP boosted its stake in the car rental company just before the stock’s nearly 70% rout. Pentwater exercised about 7,400 call options, which give the buyer the right to buy the underlying security, acquiring 741,100 shares in Avis and pushing their stake in the company to 22.2%, according to a regulatory filing released late Thursday. A majority of the shares were acquired for $85 a share, while the rest were purchased for $80 per share. Shares closed at $229.14 on Thursday. The April 21 transaction came one day before Avis shares plunged 38%, the start of a $17 billion tailspin that erased most of its 600% surge over the last month. Read more: Avis Sinks 70% in Two Days, Setting Off Cascade of Trading Halts Avis shares were up more than 6% in premarket trading on Friday to $243.60 at 7:33 a.m. in New York. Pentwater, led by Matthew Halbower , last month said in regulatory filings it bought millions of shares in Avis and sold a raft of put options on the stock. Pentwater was founded in 2007 by Halbower, a former Deephaven Capital Management and Citadel portfolio manager. The Naples, Florida-based firm makes event-driven bets and runs more than $19 billion in regulatory assets, which includes leverage, according to regulatory filings. Read more: Short Sellers Squeezed Hard as Avis Shares Rocket 150%
Instagram is testing a new dedicated app that's focused around Snapchat-like photo sharing features. The app, called "Instants," was launched in Italy and Spain yesterday, Business Insider reports , and allows users to send each other disappearing photos that are available for 24 hours and can be viewed only once during that window. The app is currently available on both iOS and Android . Meta has...
Instagram is testing a new dedicated app that's focused around Snapchat-like photo sharing features. The app, called "Instants," was launched in Italy and Spain yesterday, Business Insider reports , and allows users to send each other disappearing photos that are available for 24 hours and can be viewed only once during that window. The app is currently available on both iOS and Android . Meta hasn't announced if a desktop version will follow, or whether Instants will be launched in other regions, including the US. It resembles the "Shots" instant photo sharing feature that is already baked into Instagram messages (and was later rebranded to … Read the full story at The Verge.
Wiltshire town councillor Andrew Edwards has ‘a big collection’ and was visible throughout livestreamed proceedings It was blockbuster viewing for politicos across the country: the livestreamed grilling of Olly Robbins . While the sacked Foreign Office civil servant was billed as the star of the show, for many he was upstaged by a well-dressed man wearing a cravat. “I’ve got a big collection,” sai...
Wiltshire town councillor Andrew Edwards has ‘a big collection’ and was visible throughout livestreamed proceedings It was blockbuster viewing for politicos across the country: the livestreamed grilling of Olly Robbins . While the sacked Foreign Office civil servant was billed as the star of the show, for many he was upstaged by a well-dressed man wearing a cravat. “I’ve got a big collection,” said Andrew Edwards, the scene stealer in question. Continue reading...
Western Union press release ( WU ): Q1 Non-GAAP EPS of $0.25 misses by $0.14 . Revenue of $983M (-0.1% Y/Y) beats by $20.12M . Consumer Services segment revenue grew 24% on a GAAP basis, or 33% on an adjusted basis compared to the prior year period, driven by the expansion of our Travel Money business, which included the acquisition of Eurochange Limited, and higher revenues from our bill payment ...
Western Union press release ( WU ): Q1 Non-GAAP EPS of $0.25 misses by $0.14 . Revenue of $983M (-0.1% Y/Y) beats by $20.12M . Consumer Services segment revenue grew 24% on a GAAP basis, or 33% on an adjusted basis compared to the prior year period, driven by the expansion of our Travel Money business, which included the acquisition of Eurochange Limited, and higher revenues from our bill payment business. Branded Digital revenue increased 9% on a GAAP basis, and 6% on an adjusted basis, with transaction growth of 21% compared to the prior year period. The Branded Digital business represented 32% and 42% of total Consumer Money Transfer (“CMT”) revenues and transactions in the first quarter, respectively. CMT segment revenue decreased 3%, on a GAAP basis, while transactions were flat compared to the prior year period, and on an adjusted basis, revenues declined 6% compared to the prior year period. FY26 revenue consensus of $4.26B, EPS consensus of $1.79 2026 Outlook1 GAAP Adjusted Revenue2 5% to 8% 6% to 9% EPS3 $1.50 to $1.60 $1.75 to $1.85 Click to enlarge Shares -6.5% PM. More on Western Union Western Union: 11% Yield Is A Buy Signal On Margin Strength Western Union: Secular Issue And Competition Point To A Continued Decline The Western Union Company (WU) Presents at Wolfe Research FinTech Forum Transcript Western Union Q1 2026 Earnings Preview Western Union Q1 2026 Earnings Preview
Oil futures declined, erasing earlier gains, as officials in Pakistan said a second round of US-Iran talks was expected. Brent futures fell as much as 1.6% to $103.41 a barrel in London. WTI also declined.
Oil futures declined, erasing earlier gains, as officials in Pakistan said a second round of US-Iran talks was expected. Brent futures fell as much as 1.6% to $103.41 a barrel in London. WTI also declined.
The United States market has been flat over the last week but has seen a significant rise of 30% over the past year, with earnings forecasted to grow by 16% annually. In such an environment, identifying growth companies with high insider ownership can be crucial for investors seeking to align their interests with company insiders who have a vested interest in long-term success.
The United States market has been flat over the last week but has seen a significant rise of 30% over the past year, with earnings forecasted to grow by 16% annually. In such an environment, identifying growth companies with high insider ownership can be crucial for investors seeking to align their interests with company insiders who have a vested interest in long-term success.
House GOP Unveils Bill To Extend Key Surveillance Power Until 2029 Authored by Jackson Richman via The Epoch Times (emphasis ours), House Republicans on Thursday unveiled legislation to extend for three years a surveillance authority that permits the collection of communications from non-U.S. persons located abroad without a warrant. The U.S. Capitol building on April 22, 2026. Madalina Kilroy/The...
House GOP Unveils Bill To Extend Key Surveillance Power Until 2029 Authored by Jackson Richman via The Epoch Times (emphasis ours), House Republicans on Thursday unveiled legislation to extend for three years a surveillance authority that permits the collection of communications from non-U.S. persons located abroad without a warrant. The U.S. Capitol building on April 22, 2026. Madalina Kilroy/The Epoch Times The House Rules Committee released the nine-page bill, which would renew Section 702 of the Foreign Intelligence Surveillance Act (FISA) through April 30, 2029. Section 702 authorizes warrantless surveillance targeting foreign individuals overseas, though critics note that Americans’ communications can be incidentally collected under the program . The proposed legislation does not include a requirement for warrants, despite ongoing calls for such reforms. The House Rules Committee will look to advance the bill on April 27. Congress passed a short-term extension of Section 702 on April 17 that expires on April 30. Under the bill, the comptroller general would be required to submit a report within one year of enactment to key congressional committees, including the House and Senate Judiciary Committees and the intelligence committees in both chambers. The report would present the results of an audit assessing whether current targeting procedures appropriately limit surveillance under Section 702. The legislation also explicitly prohibits the intentional targeting of U.S. citizens. Lawmakers from both parties have pushed for additional safeguards, including requiring warrants when querying the communications of Americans that are incidentally collected. However, President Donald Trump has advocated for a “clean” extension of Section 702 without new restrictions. Trump has argued that the authority is essential for national security, while also criticizing past uses of FISA. He has cited what he described as serious abuses of the law, referencing disclosures that t...
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 3.6% in the afternoon session after the company reported mixed earnings, and CEO Elon Musk guided for a massive surge in capital expenditure.
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 3.6% in the afternoon session after the company reported mixed earnings, and CEO Elon Musk guided for a massive surge in capital expenditure.