(RTTNews) - Descartes Systems Group Inc. (DSGX) on Wednesday reported first-quarter results, with profit increasing from last year, driven by revenue growth.
(RTTNews) - Descartes Systems Group Inc. (DSGX) on Wednesday reported first-quarter results, with profit increasing from last year, driven by revenue growth.
JPMorgan Chase ( JPM ), the biggest U.S. bank by assets, is reportedly bringing out its biggest gun — Chairman and CEO Jamie Dimon — to market SpaceX's ( SPCX ) initial public offering to thousands of the bank's high net-worth clients this week. The bank's chief will host a "live interactive discussion" Thursday from JPMorgan's ( JPM ) headquarters, Bloomberg News reported, citing invitations its ...
JPMorgan Chase ( JPM ), the biggest U.S. bank by assets, is reportedly bringing out its biggest gun — Chairman and CEO Jamie Dimon — to market SpaceX's ( SPCX ) initial public offering to thousands of the bank's high net-worth clients this week. The bank's chief will host a "live interactive discussion" Thursday from JPMorgan's ( JPM ) headquarters, Bloomberg News reported, citing invitations its reporters have seen. JPMorgan's CEO of asset and wealth management, Mary Callahan Erdoes, and SpaceX ( SPCX ) executives President Gwynne Shotwell and Chief Financial Officer Bret Johnsen will also be on the call, the report said. While banks often host roadshow events for IPOs, the scale of the event underscores the importance of what's likely to be the largest initial public offering ever. The outreach to retail investors highlights the importance of that group to Elon Musk and his massive business complex. The rocket and satellite company, which also includes Musk's AI business , targets raising ~$75B , which would give SpaceX ( SPCX ) a market valuation of ~$1.77T. Last month, Goldman Sachs ( GS ) was chosen as lead bank for the SpaceX listing, along with Morgan Stanley ( MS ), long considered Musk's banker. JPMorgan ( JPM ), Bank of America ( BAC ), and Citigroup ( C ) are among the 23 banks working on the offering. More on JPMorgan Chase, SpaceX Wall Street Lunch: SpaceX Eyes $75B IPO At $1.75T Valuation SpaceX: Lessons From The Post-IPO Drawdowns Of Mega-Tech Royalty Anthropic picks Morgan Stanley, Goldman Sachs to lead IPO - report OpenAI said to have held talks with Citigroup, JPMorgan for IPO preparations
Advertisements for non-existent jobs aim to draw in people with access to classified or sensitive information Chinese spies are targeting UK government and military staff on job websites including LinkedIn to try to get access to classified or sensitive information, MI5 has warned. A bulletin has been released by the Five Eyes powers – the UK, US, Australia, Canada and New Zealand – highlighting a...
Advertisements for non-existent jobs aim to draw in people with access to classified or sensitive information Chinese spies are targeting UK government and military staff on job websites including LinkedIn to try to get access to classified or sensitive information, MI5 has warned. A bulletin has been released by the Five Eyes powers – the UK, US, Australia, Canada and New Zealand – highlighting an “aggressive” online recruitment strategy where spies for Beijing military intelligence pose as workers acting on behalf of private businesses or thinktanks. Security clearance holders, especially those who specialise in defence, foreign affairs and security and intelligence. Military personnel, including those stationed in the Indo-Pacific region, who have knowledge of regional capabilities and general activities. People with either indirect or peripheral access to government information, including academics, journalists, freelance writers, thinktank employees or anyone with links to the defence, security, policy and economic sectors. Continue reading...
India Throws Open The Bond Gates: Modi Slashes Foreign Investor Taxes In Scramble To Halt Rupee Collapse Having spent the better part of a decade assuring the world that the Indian growth miracle was self-sustaining, structurally sound, and impervious to the “fragile five” indignities of yesteryear, New Delhi has quietly arrived at the only conclusion that ever follows a currency in freefall: prin...
India Throws Open The Bond Gates: Modi Slashes Foreign Investor Taxes In Scramble To Halt Rupee Collapse Having spent the better part of a decade assuring the world that the Indian growth miracle was self-sustaining, structurally sound, and impervious to the “fragile five” indignities of yesteryear, New Delhi has quietly arrived at the only conclusion that ever follows a currency in freefall: print incentives, slash taxes, and beg foreigners to please, please come back. According to Bloomberg , India is poised to announce a suite of measures to lure foreign capital - reducing taxes and removing ownership caps on certain bonds - possibly as soon as this week. The cabinet is expected to consider a “significant cut” in the taxes global funds pay on Indian bonds, with officials reportedly weighing whether to eliminate the 20% levy on bond interest income entirely, or shave it down to what the people familiar described as “a bare minimum.” Translation: foreigners weren’t biting, and somebody in the Finance Ministry finally noticed. Separately, the Reserve Bank of India is likely to designate some long-tenor sovereign notes as “fully accessible,” allowing overseas investors to load up without limits. Readers will recall that the last tweak to this so-called Fully Accessible Route (FAR) came in 2024, when the RBI removed 14- and 30-year bonds from the list. So to recap the master plan: pull the long bonds out in 2024, watch the currency crater, then shove them back in 2026 and call it reform. Smart. Meanwhile, the rupee printed an all-time low of 96.9650 on May 20, capping a year in which it became the second-worst-performing currency in Asia, down more than 6% against the dollar. This is the same currency that the consensus crowd spent 2024 lauding as “among the least volatile in emerging markets,” back when foreign funds were piling into FAR bonds ahead of the JPMorgan index inclusion to the tune of nearly $10 billion. As we noted at the time, that “stability” was the en...
filo Veeva Systems ( VEEV ) is down ~4% in after-hours trading Wednesday despite reporting fiscal 2027 Q1 results that beat on both lines and raising full-year guidance. The cloud solutions provider for the life sciences industry now sees FY27 revenue of $3.635B-$3.645B from $3.585B-$3.6B before. Consensus is $3.6B. Non-GAAP fully diluted EPS is now seen at $9.05 from $8.85 prior. Consensus is $8....
filo Veeva Systems ( VEEV ) is down ~4% in after-hours trading Wednesday despite reporting fiscal 2027 Q1 results that beat on both lines and raising full-year guidance. The cloud solutions provider for the life sciences industry now sees FY27 revenue of $3.635B-$3.645B from $3.585B-$3.6B before. Consensus is $3.6B. Non-GAAP fully diluted EPS is now seen at $9.05 from $8.85 prior. Consensus is $8.85. Veeva was helped in the quarter by a 15% year-over-year increase in subscription revenue to $730.2M. The company ended the quarter (April 30) with cash, cash equivalents, and short-term investments of ~$7.3B compared to ~$6.6B on Jan. 31. More on Veeva Systems Veeva Systems: Patience Required Veeva Systems: AI Fears Look Overdone, The Selloff Creates An Opportunity Veeva Systems: Not A Likely Victim Of Total AI Disruption - Buy The Dip (Upgrade) Veeva Systems Non-GAAP EPS of $2.24 beats by $0.10, revenue of $882.95M beats by $25.22M Veeva Systems Q1 2027 Earnings Preview
The owners of Xnrgy Climate Systems are evaluating strategic alternatives for the company, including a potential sale that could value the business at as much as $10 billion, according to a Bloomberg News report citing people familiar with the matter. The Montreal-based company manufactures heating and cooling systems used in data centers, a market that has drawn increasing investor attention as a...
The owners of Xnrgy Climate Systems are evaluating strategic alternatives for the company, including a potential sale that could value the business at as much as $10 billion, according to a Bloomberg News report citing people familiar with the matter. The Montreal-based company manufactures heating and cooling systems used in data centers, a market that has drawn increasing investor attention as artificial intelligence drives demand for new computing infrastructure. Bloomberg reported that Xnrgy's shareholders, which include Decarbonization Partners, a joint venture between BlackRock and Temasek Holdings, are working with advisers to assess a range of options. Those discussions could lead to a sale of the business, although no final decision has been made and the owners may ultimately decide to retain their stake, according to the report. Representatives for Xnrgy and Decarbonization Partners didn't immediately respond to requests for comment, Bloomberg reported. Any transaction would come amid a broader wave of dealmaking tied to the AI infrastructure supply chain, as investors seek exposure to companies that provide critical equipment and services for rapidly expanding data center networks. Earlier this year, Ecolab agreed to acquire AI data center cooling specialist CoolIT Systems from KKR-managed funds in a deal valued at $4.75 billion. Separately, Eaton completed its $9.5 billion purchase of Boyd Thermal from Goldman Sachs-backed Boyd Corporation, further underscoring growing interest in thermal management technologies. Founded in 2019 by Chief Executive Officer Wais Jalali, Xnrgy operates manufacturing facilities in Montreal and Arizona. The company secured new funding in October from Decarbonization Partners, Climate Investment and Activate Capital to support expansion of its production footprint. Representatives for Climate Investment and Activate Capital also did not immediately respond to requests for comment, according to Bloomberg. More news and analysis...