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Stocks
Why EchoStar Stock Plummeted by Over 16% Today
It's almost never encouraging for an investor to learn of a federal government investigation into one of their companies. That was the news driving down telecom services provider EchoStar (NASDAQ: SATS) on Monday; the market shunned the stock, to the point where it closed the day more than 16% down ...The Motley Fool
Mon, May 12
Stocks
Sangamo Therapeutics Inc reports results for the quarter ended March 31 - Earnings Summary
Sangamo Therapeutics Inc SGMO.OQ reported a quarterly adjusted loss of 14 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -27 cents. The mean expectation of seven analysts for the quarter was for a loss of 13 cents per share...Reuters
Mon, May 12
Stocks
Exchange Income Corp reports results for the quarter ended March 31 - Earnings Summary
Exchange Income Corp EIF.TO reported quarterly adjusted earnings of 28 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 20 cents. The mean expectation of ten analysts for the quarter was for earnings of 31 cents per share. Wa...Reuters
Mon, May 12
Stocks
Pangaea Logistics Solutions Ltd reports results for the quarter ended March 31 - Earnings Summary
Pangaea Logistics Solutions Ltd PANL.OQ reported a quarterly adjusted loss of 3 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of three analysts for the quarter was for a loss of 12 cents per s...Reuters
Mon, May 12
Commodities
G Mining Ventures to restate 2024 financial statements
May 12 (Reuters) - Canada-based mining company G Mining Ventures GMIN.TO said on Monday it will restate its consolidated financial statements for 2024 to reflect certain accounting adjustments that were identified during a financial review for the first quarter.The non-cash accounting adjustments wo...Reuters
Mon, May 12
Other
Google is developing software AI agent ahead of annual conference, The Information reports
May 12 (Reuters) - Alphabet's Google GOOGL.O has been demonstrating to employees and outside developers an array of different products, including an AI agent for software development, ahead of its annual developer conference, The Information reported on Monday.The agent is intended to help softw...Reuters
Mon, May 12
Stocks
Why Blackstone Group Stock Skyrocketed by Nearly 7% on Monday
Ever-acquisitive financial services titan Blackstone Group (NYSE: BX) might soon be the owner of a big utility, if a media report is to be believed. On Monday, investors clearly believed, as they traded the company's stock well up after the article was published. Blackstone's shares closed the day u...The Motley Fool
Mon, May 12
Stocks
Quest Resource Holding Corp reports results for the quarter ended March 31 - Earnings Summary
Quest Resource Holding Corp QRHC.OQ reported a quarterly adjusted loss of 50 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of three analysts for the quarter was for a loss of 5 cents per share...Reuters
Mon, May 12
Stocks
StandardAero, Inc. reports results for the quarter ended March 31 - Earnings Summary
StandardAero, Inc. SARO.N reported quarterly adjusted earnings of 24 cents per share for the quarter ended March 31. The mean expectation of seven analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 16 cents to 19 cents per share.Revenue was...Reuters
Mon, May 12
Stocks
Lument Finance Trust Inc reports results for the quarter ended March 31 - Earnings Summary
Lument Finance Trust Inc LFT.N reported quarterly adjusted earnings of 8 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 15 cents. The mean expectation of three analysts for the quarter was for earnings of 9 cents per share. ...Reuters
Mon, May 12
Stocks
Vital Energy Inc reports results for the quarter ended March 31 - Earnings Summary
Vital Energy Inc VTLE.N reported quarterly adjusted earnings of $2.37 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.84. The mean expectation of twelve analysts for the quarter was for earnings of $2.12 per share. Wall Street ...Reuters
Mon, May 12
Stocks
Amazon signs up FedEx for residential deliveries
May 12 (Reuters) - Amazon AMZN.O has hired FedEx FDX.N to handle some of its large package deliveries, the companies said on Monday, weeks after UPS said it was halting its less-profitable deliveries for the e-commerce retailer and cutting 20,000 jobs. FedEx shares surged on Monday even more than ra...Reuters
Mon, May 12
Forex
Brazil central bank to sign currency swap deal with China's PBOC
BRASILIA, May 12 (Reuters) - Brazil's central bank said Monday it will sign a currency swap agreement with the People's Bank of China, with a maximum outstanding value of 157 billion reais ($27.69 billion) and a five-year term. The agreement, to be signed on Tuesday in Beijing during Br...Reuters
Mon, May 12
Other
Google is developing software AI agent ahead of annual conference, The Information reports
May 12 (Reuters) - Alphabet's Google GOOGL.O has been demonstrating to employees and outside developers an array of different products, including an AI agent for software development, ahead of its annual developer conference, The Information reported on Monday.The agent is intended to help softw...Reuters
Mon, May 12
Stocks
Village Farms International Inc reports results for the quarter ended March 31 - Earnings Summary
Village Farms International Inc VFF.OQ reported a quarterly adjusted loss of 6 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of four analysts for the quarter was for a loss of one cent per sha...Reuters
Mon, May 12
Cryptocurrencies
SEC Chair Paul Atkins reaffirms crypto as top priority under his administration
The Securities & Exchange Commission (SEC) Chair Paul Atkins spoke at the Crypto Task Force roundtable on Monday, revealing his administration's agenda to treat crypto regulations as a top priority, with a focus on token issuance, custody and trading.
Other
Trump offers to join potential Russia-Ukraine talks in Turkey
European powers proposed 30-ceasefire starting MondayMoscow has not agreed to observe ceasefire with UkraineUkraine's military says Russia snubbing proposed truceZelenskiy says no Russian reply to proposed Turkey meetingBy Tom Balmforth, Yuliia Dysa and Steve Holland KYIV/WASHINGTON, May 12 (...Reuters
Mon, May 12
