For months, there has been talk that Silicon Valley’s billionaire class was recruiting a candidate to take on Representative Ro Khanna. Early Tuesday morning, that candidate made it official. Ethan Agarwal (pictured above), a 40-year-old tech entrepreneur with no political background, told TechCrunch on Monday evening that he is running for California’s 17th congressional district. That process is...
For months, there has been talk that Silicon Valley’s billionaire class was recruiting a candidate to take on Representative Ro Khanna. Early Tuesday morning, that candidate made it official. Ethan Agarwal (pictured above), a 40-year-old tech entrepreneur with no political background, told TechCrunch on Monday evening that he is running for California’s 17th congressional district. That process is likely to set up what may become one of the most lavishly funded primary challenges of the 2026 cycle. The race puts a spotlight on Khanna, a 49-year-old Democrat widely seen as a possible 2028 presidential candidate, who has publicly backed a one-time wealth tax in California. His endorsement has infuriated some of the state’s richest founders and investors, but Khanna has doubled down, introducing national legislation with Senator Bernie Sanders that would impose a 5% annual wealth tax on all Americans worth $1 billion or more — a proposal their offices estimate would raise $4.4 trillion over a decade. There’s a certain irony to the situation. Agarwal is a graduate of Wharton and spent three years at McKinsey before founding audio fitness company Aaptiv, which he sold in 2021. He most recently co-founded financial services startup Coterie, backed by Andreessen Horowitz. When Khanna first ran for this same seat in 2014, he was the tech-backed outsider, with tech names like Marc Andreessen, Sheryl Sandberg and Eric Schmidt supporting him. He challenged popular Democratic incumbent Mike Honda, lost that attempt, but came back in 2016 to win. Critics at the time called Khanna an owned man. A decade later, the same charge will surely be leveled at the person trying to unseat him. What follows is an edited version of our conversation with Agarwal. Techcrunch event Disrupt 2026: The tech ecosystem, all in one room Your next round. Your next hire. Your next breakout opportunity. Find it at TechCrunch Disrupt 2026, where 10,000+ founders, investors, and tech leaders gather for th...
Sakibul Hasan/iStock via Getty Images Introduction If there’s one thing I have often mentioned, it’s that I am more afraid of missing stock market upside than going through one of the market’s sell-offs. Or to put it differently, I feel much safer in stocks than in cash. It’s not even close, to be honest. One reason is the long-term purchasing power loss of fiat currencies. The chart below is for ...
Sakibul Hasan/iStock via Getty Images Introduction If there’s one thing I have often mentioned, it’s that I am more afraid of missing stock market upside than going through one of the market’s sell-offs. Or to put it differently, I feel much safer in stocks than in cash. It’s not even close, to be honest. One reason is the long-term purchasing power loss of fiat currencies. The chart below is for the U.S. dollar, but it obviously applies to other currencies as well (even more to the ones with higher long-term inflation rates). Since the early 2000s, the value of the dollar (purchasing power) has dropped by roughly 50%, which is rather subdued, as inflation was mostly subdued during the past 25-ish years. Periods like the 1960s and 1970s were worse. Federal Reserve Bank of St. Louis That’s why I'm so glad to see that investing has become much more popular in recent years. I’m not talking about people trading crypto, but the ones investing in index ETFs and other vehicles that allow them to grow their capital without the need to become financial professionals. As we can see below, the total AUM (assets under management) of U.S. ETFs has risen to $14 trillion going into this year. JPMorgan Although $14 trillion is already a mind-blowing number, what excited me is the fact that total AUM has grown by 22% per year since 2019. Even active ETFs are booming, as these have grown by 56% per year during this period. During the pandemic, total ETF AUM was just $4 trillion. Currently, NVIDIA ( NVDA ) has a higher market cap than the total U.S. ETF AUM back then. Here’s what BlackRock ( BLK ) said at a recent conference: We had $530 billion of organic asset growth in iShares last year, finished No. 1 across the world. But we're still opening up new use cases for ETFs in fixed income, in active ETFs, in nonlinear ETFs that incorporate options in terms of covered call writing or puts and calls that are structured note replacements. And I think of kind of the growth of ETFs around t...
Eka Jaya Permana/iStock via Getty Images Investment Approach Fidelity® Limited Term Bond ETF is a shorter-duration investment-grade bond strategy, which is focused primarily on U.S. corporate credit. The fund's primary benchmark is the Bloomberg U.S. 1-5 Year Government/Credit Bond Index. However, given the fund's focus on credit, it also has a secondary, composite benchmark, which consists of 70%...
Eka Jaya Permana/iStock via Getty Images Investment Approach Fidelity® Limited Term Bond ETF is a shorter-duration investment-grade bond strategy, which is focused primarily on U.S. corporate credit. The fund's primary benchmark is the Bloomberg U.S. 1-5 Year Government/Credit Bond Index. However, given the fund's focus on credit, it also has a secondary, composite benchmark, which consists of 70% Bloomberg U.S. 1-5 Year Credit Bond Index, 20% Bloomberg U.S. 1-5 Year Government Bond Index and 10% ICE BofA 1-5 Year BB-B U.S. Cash Pay High Yield Constrained Index. The composition differed in periods prior to February 28, 2024. Utilizing a team-based investment process, the fund relies on experienced portfolio managers, research analysts and traders. We concentrate on areas where we believe we can repeatedly add value, including asset allocation, sector and security selection, and yield-curve positioning. Robust governance and risk management, consisting of extensive quantitative modeling, formal and informal portfolio reviews, and proprietary tools, support the identification of both opportunities and risks. Taxable Bond Market Review U.S. taxable investment-grade bonds advanced 1.10% in the fourth quarter of 2025, as measured by the Bloomberg U.S. Aggregate Bond Index. This result capped a year of elevated volatility, yet one in which the bond market posted gains in all four quarters. For the full year, the Aggregate index rose 7.30%, its best annual result since 2020. Quarterly performance was fueled by a combination of elevated starting yields and price appreciation, as bond prices rose amid falling interest rates and investor demand, supported by stable fundamentals. The U.S. Federal Reserve, after resuming the monetary easing program it had paused from January until September of this year, followed through with additional policy rate reductions in October and December. The three rate cuts in 2025's second half, each of a quarter percentage point (25 basis points)...
NEW YORK, March 03, 2026--(BUSINESS WIRE)--SharonAI Holdings Inc. ("Sharon AI"), a leading Australian neocloud (NASDAQ: SHAZ), announced on February 24, 2026, that highly experienced global technology executive, Mr. Benjamin Adams, joined the Sharon AI Holdings Inc. board of directors on February 22, 2026. Mr. Adams is a global business and technology leader with deep and broad expertise across fi...
NEW YORK, March 03, 2026--(BUSINESS WIRE)--SharonAI Holdings Inc. ("Sharon AI"), a leading Australian neocloud (NASDAQ: SHAZ), announced on February 24, 2026, that highly experienced global technology executive, Mr. Benjamin Adams, joined the Sharon AI Holdings Inc. board of directors on February 22, 2026. Mr. Adams is a global business and technology leader with deep and broad expertise across financial, technology and regulatory law, mergers & acquisitions, corporate securities reporting, intellectual property and real estate. "I am honoured to join the board at such a pivotal and exciting time. I look forward to leveraging my experience to help Sharon AI shape its strategic goals and expand its impact in the coming years," said Benjamin Adams. Mr. Adams was previously Vice President, Chief Commercial and Intellectual Property Counsel at PayPal (NASDAQ: PYPL), Assistant General Counsel at Microsoft (NASDAQ: MSFT) and Head of Legal, Americas Region at Nokia (NYSE:NOK). He is currently Chief Legal Officer and Corporate Secretary at Western Union (NYSE: WU). "We are delighted that Mr. Adams has joined the Sharon AI board of directors as we enter our next phase of growth. His expertise across technology, financial and regulatory law, mergers and acquisitions and corporate securities reporting, in addition to his proven track record of successfully guiding technology businesses through periods of dynamic growth will add significant value to our business," said James Manning, CEO at Sharon AI. About Sharon AI SharonAI Holdings Inc. ("Sharon AI") and its subsidiaries, a leading Australian neocloud, is a High-Performance Computing company focused on Artificial Intelligence and Cloud GPU Compute Infrastructure. Our cloud GPU platform and compute infrastructure is accelerating the build of AI factories and sovereign AI solutions, powering the next wave of accelerated computing adoption. For more information, visit www.sharonai.com. Forward-Looking Statements This press rele...
Focus Partners Advisor Solutions LLC lifted its position in Oracle Corporation (NYSE:ORCL - Free Report) by 30.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,800 shares of the enterprise software provider's stock after buying an additional 14,886 shares during the period. Focus Partners Advisor Solutions ...
Focus Partners Advisor Solutions LLC lifted its position in Oracle Corporation (NYSE:ORCL - Free Report) by 30.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,800 shares of the enterprise software provider's stock after buying an additional 14,886 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Oracle were worth $16,958,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after purchasing an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after buying an additional 404 shares during the last quarter. Sivia Capital Partners LLC increased its position in Oracle by 21.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,348 shares of the enterprise software provider's stock valued at $951,000 after buying an additional 768 shares in the last quarter. United Bank raised its stake in Oracle by 6.8% in the second quarter. United Bank now owns 15,038 shares of the enterprise software provider's stock valued at $3,288,000 after buying an additional 963 shares during the last quarter. Finally, Schnieders Capital Management LLC. boosted its holdings in Oracle by 19.2% in the second quarter. Schnieders Capital Management LLC. now owns 52,856 shares of the enterprise software provider's stock worth $11,556,000 after acquiring an additional 8,530 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock. Get ...
Marex Group press release ( MRX ): Q4 Non-GAAP EPS of $1.13 beats by $0.11 . Revenue of $572.1M (+37.7% Y/Y) beats by $49.2M . More on Marex Group Seeking Alpha’s Quant Rating on Marex Group Historical earnings data for Marex Group Dividend scorecard for Marex Group Financial information for Marex Group
Marex Group press release ( MRX ): Q4 Non-GAAP EPS of $1.13 beats by $0.11 . Revenue of $572.1M (+37.7% Y/Y) beats by $49.2M . More on Marex Group Seeking Alpha’s Quant Rating on Marex Group Historical earnings data for Marex Group Dividend scorecard for Marex Group Financial information for Marex Group
Summary: With rising geopolitical tensions and their potential impact on global oil markets, many are wondering how conflicts like that between the U.S. and Iran will impact any number of stocks. Two of our 24/7 Wall St. Analysts recently discussed how the Strait of Hormuz, a strategic chokepoint through which roughly 20% of global crude ... U.S. Iran Tensions Send Oil To Seven-Month Highs
Summary: With rising geopolitical tensions and their potential impact on global oil markets, many are wondering how conflicts like that between the U.S. and Iran will impact any number of stocks. Two of our 24/7 Wall St. Analysts recently discussed how the Strait of Hormuz, a strategic chokepoint through which roughly 20% of global crude ... U.S. Iran Tensions Send Oil To Seven-Month Highs
(RTTNews) - While reporting financial results for the fourth quarter on Tuesday, electronics retailer Best Buy Co., Inc. (BBY) initiated its adjusted earnings, revenue and comparable sales guidance for the full-year 2027. For fiscal 2027, the company now projects adjusted earnings in a range of $6.30 to $6.60 per share on revenues between $41.2 billion and $42.1 billion, with a comparable sales ch...
(RTTNews) - While reporting financial results for the fourth quarter on Tuesday, electronics retailer Best Buy Co., Inc. (BBY) initiated its adjusted earnings, revenue and comparable sales guidance for the full-year 2027. For fiscal 2027, the company now projects adjusted earnings in a range of $6.30 to $6.60 per share on revenues between $41.2 billion and $42.1 billion, with a comparable sales change between a decline of 1.0 percent and a growth of 1.0 percent. The company also said it expects comparable sales growth of approximately 1 percent and an adjusted operating income rate of approximately 3.9 percent. The company also announced its board of directors approved a 1 percent increase in the regular quarterly dividend to $0.96 per share, payable on April 14, 2026, to shareholders of record as of the close of business on March 24, 2026. The company said it expects to spend approximately $300 million on share repurchases during fiscal 2027. For the fourth quarter, Best Buy reported net earnings of $541 million or $2.56 per share, sharply higher than $117 million or $0.54 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter was $2.61 per share, compared to $2.58 per share in the year-ago quarter. Revenues for the quarter edged down to $13.81 billion from $13.95 billion in the same quarter last year. Comparable sales decreased 0.8 percent, compared to a 0.5 percent growth last year. In Tuesday's pre-market trading, TGT is trading on the NYSE at $70.47, up $8.88 or 14.42 percent. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
(RTTNews) - Accenture (ACN) has entered into an agreement to acquire Ookla. Headquartered in Seattle, Ookla operates a portfolio of globally recognized brands in connectivity. Terms of the transaction were not disclosed. By integrating Ookla's data products, including Speedtest, Downdetector, Ekahau, and RootMetrics, Accenture will help Communications Service Providers, hyperscalers, and enterpris...
(RTTNews) - Accenture (ACN) has entered into an agreement to acquire Ookla. Headquartered in Seattle, Ookla operates a portfolio of globally recognized brands in connectivity. Terms of the transaction were not disclosed. By integrating Ookla's data products, including Speedtest, Downdetector, Ekahau, and RootMetrics, Accenture will help Communications Service Providers, hyperscalers, and enterprises optimize the mission-critical Wi-Fi and 5G networks that power their digital core. "With the Ookla portfolio, we will offer end-to-end network intelligence services essential for AI-based transformation," said Manish Sharma, chief strategy and services officer, Accenture. In pre-market trading on NYSE, Accenture shares are down 0.72 percent to $204.36. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Macclesfield FC have claimed that someone tried to burn down their stadium on Monday night, two months after the club pulled off the biggest upset in FA Cup history by knocking out the holders, Crystal Palace, there. The “suspected arson attempt” on Leasing.com Stadium took place overnight and there were no casualties, the club said. “Emergency services have responded immediately and are on site t...
Macclesfield FC have claimed that someone tried to burn down their stadium on Monday night, two months after the club pulled off the biggest upset in FA Cup history by knocking out the holders, Crystal Palace, there. The “suspected arson attempt” on Leasing.com Stadium took place overnight and there were no casualties, the club said. “Emergency services have responded immediately and are on site tackling the blaze in the affected areas,” Macclesfield said in a statement . The sixth-tier National League North club urged “anyone nearby to keep windows shut and not to approach the stadium”. Quick Guide How do I sign up for sport breaking news alerts? Show Download the Guardian app from the iOS App Store on iPhone or the Google Play store on Android by searching for 'The Guardian'. If you already have the Guardian app, make sure you’re on the most recent version. In the Guardian app, tap the Profile settings button at the top right, then select Notifications. Turn on sport notifications. Was this helpful? Thank you for your feedback. Authorities are investigating the cause of the fire and the club said they were not commenting further for now. The stadium, which dates to 1891, has a capacity of 6,355 spectators. Macclesfield, managed by John Rooney, younger brother of the former England and Manchester United striker Wayne Rooney, stunned Palace 2-1 on 11 January and created one of the most iconic moments in football’s oldest knockout competition . With 117 places separating Macclesfield and Palace when they played, it was the biggest upset in the FA Cup’s 155-year history. Macclesfield were knocked out in the next round by Brentford.
Check out the companies making headlines before the bell: Target — The big box retailer jumped more than 3% on better-than-expected earnings for the fourth quarter. Target earned an adjusted $2.44 per share, which topped the $2.16 per share analysts polled by LSEG were anticipating. Revenue of $30.45 billion came in just below consensus. Best Buy — The electronics retailer rallied more than 9% aft...
Check out the companies making headlines before the bell: Target — The big box retailer jumped more than 3% on better-than-expected earnings for the fourth quarter. Target earned an adjusted $2.44 per share, which topped the $2.16 per share analysts polled by LSEG were anticipating. Revenue of $30.45 billion came in just below consensus. Best Buy — The electronics retailer rallied more than 9% after Best Buy posted adjusted per-share earnings of $2.61 in the fourth quarter, better than the earnings of $2.47 per share analysts polled by LSEG were anticipating. Revenue of $13.81 billion fell short of the consensus estimate of $13.88 billion. On Holding — The Swiss sneaker maker dropped nearly 10% after its 2026 guidance disappointed investors . On Holding expects net sales to grow by at least 23% in constant currencies, which, at spot rates, implies sales of at least 3.44 billion Swiss francs. That is short of the consensus estimate of 3.7 billion francs. However, the company reported record sales and improved profitability for 2025 and its fourth-quarter net sales topped expectations. MongoDB — The software developer plunged more than 26%. MongoDB said it sees first-quarter adjusted earnings per share of between $1.15 and $1.19 and revenue of between $659 million and $664 million. Analysts polled by LSEG expected earnings of $1.21 per share and $662 million in revenue for the first quarter. Plug Power — The developer of hydrogen and fuel cells surged more than 10% after Plug Power reported strong sales in its fourth quarter. Plug Power posted an adjusted loss of 6 cents per share for the period, better than the 10 cents per share loss analysts polled by LSEG were calling for. The company's revenue of $225 million was also higher than the $218 million expected. Credo Technology — The stock dropped more than 10% after the company's non-GAAP gross margin forecast for its fourth quarter ranged from 64% to 66%, versus the LSEG consensus estimate of 65.1%. Credo, a provide...
Stocks fell and bonds extended losses as the war in Iran entered its fourth day with no sign of de-escalation, heightening fears of a lengthy disruption to energy markets and a surge in inflation. European and Asian equity benchmarks headed for their worst two-day drop since April while concern that energy prices could remain elevated pushed global yields higher for a second day. The Opening Trade...
Stocks fell and bonds extended losses as the war in Iran entered its fourth day with no sign of de-escalation, heightening fears of a lengthy disruption to energy markets and a surge in inflation. European and Asian equity benchmarks headed for their worst two-day drop since April while concern that energy prices could remain elevated pushed global yields higher for a second day. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
slobo AutoZone ( AZO ) fell in early trading on Tuesday after the auto retailer missed revenue estimates with its fiscal second-quarter earnings report. Same-store sales rose 5.2% during the quarter that ended on February 14, falling short of the consensus estimate of 6.1%. Domestic same-store sales were up 3.4% vs. 4.9% consensus, and international same-store sales rose 17.1% vs. 14.9% consensus....
slobo AutoZone ( AZO ) fell in early trading on Tuesday after the auto retailer missed revenue estimates with its fiscal second-quarter earnings report. Same-store sales rose 5.2% during the quarter that ended on February 14, falling short of the consensus estimate of 6.1%. Domestic same-store sales were up 3.4% vs. 4.9% consensus, and international same-store sales rose 17.1% vs. 14.9% consensus. Gross profit as a percentage of sales fell 137 basis points to 52.5%. The decrease in gross margin was driven by a 138 basis point non-cash LIFO charge. Operating expenses, as a percentage of sales, were 36.1% versus last year at 36.0%. Deleverage was driven by investments to support our growth initiatives. GAAP EPS was reported at $27.63 for the quarter, beating the consensus estimate of $27.97 and falling short of last year's GAAP EPS tally of $28.29. The company’s inventory increased 13.1% over the same period last year, driven primarily by growth initiatives and inflation. AutoZone ( AZO ) opened 43 net new stores globally in the quarter to end with a store count of 6,709 stores in the U.S., 913 in Mexico, and 152 in Brazil for a total store count of 7,774. "As we remain focused on gaining market share across our highly fragmented industry, we remain committed to a disciplined approach of increasing earnings and cash flows to drive shareholder value," stated CEO Phil Daniele. Shares of AutoZone ( AZO ) were down 7.3% in premarket action to their lowest level since the middle part of January. More on AutoZone AutoZone: Recent Pullback Creates An Opportunity In A Durable Auto Parts Leader AutoZone: It's In The Buy Zone AutoZone, Inc. 2026 Q1 - Results - Earnings Call Presentation AutoZone GAAP EPS of $27.63 beats by $0.34, revenue of $4.27B misses by $40M AutoZone Q2 2026 Earnings Preview
Activist investor Elliott Investment Management is investing $1 billion in Pinterest Inc. to help fund the social media company’s years-long effort to buy back shares. The latest share repurchases will be carried out as part of a new $3.5 billion program authorized by Pinterest’s board on Tuesday, according to a company statement . Pinterest also plans to buy as much as $500 million in additional ...
Activist investor Elliott Investment Management is investing $1 billion in Pinterest Inc. to help fund the social media company’s years-long effort to buy back shares. The latest share repurchases will be carried out as part of a new $3.5 billion program authorized by Pinterest’s board on Tuesday, according to a company statement . Pinterest also plans to buy as much as $500 million in additional shares from cash on hand. “Elliott’s investment is a strong vote of confidence in the work we have done to build our business and the significant opportunities ahead for Pinterest,” Pinterest Chief Executive Officer Bill Ready said in the statement. Elliott, which first took a stake in Pinterest in 2022, similarly said it’s confident in the company’s trajectory. Last month, Pinterest’s shares sank by the most in more than three years after it issued a disappointing projection for quarterly sales. The company cut hundreds of jobs in late January, citing a shift in priorities to focus more extensively on AI products. It makes almost all of its revenue from advertising, and has leaned into its role as a visual search engine. But the business has been affected by the Trump administration’s trade policies, and the company warned in November that tariffs for home furnishings could affect revenue. Read More: Pinterest Tumbles on Weak Sales Projection After Layoffs Pinterest’s shares soared nearly 9% in premarket trading on Tuesday. The stock was down 32% this year through Monday’s close. Under the terms of the investment, Elliott will purchase $1 billion in Pinterest’s convertible senior notes, which will have an initial conversion price of about $22.72 a share, representing a 30% premium to the closing price on Monday. The note mature on March 1, 2031, and will bear interest at 1.75% annually.
Focus Partners Advisor Solutions LLC lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 40.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,292 shares of the company's stock after acquiring an additional 13,608 shares during the period. Focus Partners Advisor Solutio...
Focus Partners Advisor Solutions LLC lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 40.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,292 shares of the company's stock after acquiring an additional 13,608 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Palantir Technologies were worth $8,925,000 at the end of the most recent quarter. Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at about $450,000. Bison Wealth LLC raised its stake in shares of Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after acquiring an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC lifted its position in Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company's stock valued at $1,447,000 after acquiring an additional 4,722 shares during the last quarter. Schnieders Capital Management LLC. boosted its stake in Palantir Technologies by 36.8% in the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company's stock valued at $858,000 after acquiring an additional 1,694 shares in the last quarter. Finally, AlphaQuest LLC purchased a new position in Palantir Technologies in the second quarter worth $50,000. Hedge funds and other institutional investors own 45.65% of the company's stock. Get Palantir Technologies alerts: Sign Up Palantir Technologies Stock Performance NASDAQ:PLTR opened at $145.17 on Tuesday. The firm's fifty day moving average is $158.69 and its two-hundred day moving average is $169.46. The firm has a market cap o...
7.25am: Nasdaq set to lead sharp fall as markets take Iran conflict more seriously Wall Street equity investors looked more rattled ahead of Tuesday’s session, as global markets moved firmly into risk-off mode as the conflict widened in the Middle East. Tech stocks were set to take the...
7.25am: Nasdaq set to lead sharp fall as markets take Iran conflict more seriously Wall Street equity investors looked more rattled ahead of Tuesday’s session, as global markets moved firmly into risk-off mode as the conflict widened in the Middle East. Tech stocks were set to take the...
Best Buy (BBY) reported a surprise sales slump in its key holiday shopping season. Same-store sales declined 0.8% in the fourth quarter, the company said Tuesday. Wall Street had hoped for a 0.2% increase after two straight quarters of positive growth. "Our data sources show our overall market share was at least flat, pointing to slightly softer customer demand for our industry during the holiday ...
Best Buy (BBY) reported a surprise sales slump in its key holiday shopping season. Same-store sales declined 0.8% in the fourth quarter, the company said Tuesday. Wall Street had hoped for a 0.2% increase after two straight quarters of positive growth. "Our data sources show our overall market share was at least flat, pointing to slightly softer customer demand for our industry during the holiday quarter," Best Buy CEO Corie Barry said in the release. It expects first quarter same-store sales to return to growth, rising 1%. Revenue for the fourth quarter totaled $13.81 billion, less than the $13.88 billion Wall Street had expected, per Bloomberg consensus data. Adjusted earnings per share came in higher at $2.61, more than the $2.46 the Street predicted. Best Buy stock is down more than 30% in the past year. For the full year, revenue came in at $41.69 billion, just below the $41.76 billion Wall Street predicted. Adjusted earnings per share came in at $6.43, $0.12 above Wall Street's estimates for $6.31. For the year, same-store sales grew 0.5%, less than the 0.9% increase Wall Street was looking for. For 2027, the company expects revenue to come in the range of $41.2 billion to $42.1 billion, alongside same-store sales that are expected to fall in a range between a 1% decline and 1% rise for the year. Adjusted earnings per share are expected to be in a range of $6.30-$6.60.