Private equity-backed initial public offerings (IPOs) in the US are set for a resurgence as the market shows signs of revival. Last year, these companies raised only $8.7 billion in IPO exits, a stark contrast to the pre-pandemic average of $45.1 billion, impacted by high interest rates and geopolitical uncertainties.
Nordstrom has raised its annual outlook, demonstrating resilience amid broader retail challenges. The company's ability to navigate the current market conditions highlights its strategic positioning and operational strength. This positive adjustment reflects confidence in future performance.
Dell Technologies Inc. reported fiscal third-quarter revenue of $24.4 billion, a 10% increase, but fell short of analysts' expectations of $24.6 billion. The company's personal computer business saw a 1% decline, totaling $12.1 billion, indicating a setback in the recovering PC market.
Dell Technologies reported fiscal third-quarter earnings that exceeded expectations for earnings per share but fell short on revenue, leading to a 10% drop in shares after hours. The company forecasted fourth-quarter revenue between $24 billion and $25 billion, below analyst expectations, despite a 34% revenue increase in its Infrastructure Solutions Group driven by AI sales. Demand for AI systems remains strong, with a $4.5 billion pipeline of future orders, as customers await Nvidia's next-generation Blackwell chips.
French Prime Minister Barnier faces a potential government collapse as he seeks to pass his budget using a constitutional maneuver that could invite no-confidence motions. The far-right National Rally, led by Marine Le Pen, threatens to support such a motion unless Barnier abandons proposed tax increases and spending cuts. This political turmoil could trigger a eurozone crisis amid economic challenges in Europe.
Western Union will present at the UBS Global Technology and AI Conference on December 4th at 2:55 p.m. Mountain Time, featuring comments from CFO Matt Cagwin. The presentation will be available via webcast on their investor relations website, with an archived version accessible afterward. The company aims to provide accessible financial services globally, connecting consumers, businesses, and governments across over 200 countries and territories. For more information, visit www.westernunion.com.
22:05 26.11.2024
Macnica Holdings Inc., a leading Japanese chip distributor, is exploring acquisition opportunities in Asia, including China and India, to enhance its competitiveness against larger rivals. President Kazumasa Hara emphasized the need for scale amid ongoing technological tensions between the US and China, which have led to export controls and supply chain challenges.
Intuit CFO Sandeep Aujla will present at the UBS Global Technology Conference on December 3, 2024, at 9:55 a.m. PT. The session will be available live via audio webcast on Intuit’s investor relations website, with a replay accessible 24 hours post-presentation.
22:00 26.11.2024
President-elect Donald Trump has announced new tariffs on Mexico and Canada, alongside previously promised tariffs on China. The discussion centers on the potential impact of these tariffs on domestic prices and whether they will lead to significant inflation. Guest host Josh Oliver engages with economics commentator Chris Giles to explore these economic implications.
Rivian's Project Horizon in Georgia, backed by a $6.57 billion loan from the Biden administration, aims to create 7,500 permanent jobs and produce 400,000 electric vehicles annually. The facility will significantly contribute to transportation decarbonization, saving 146 million gallons of petroleum each year. The project highlights the U.S. government's commitment to diversifying EV manufacturing and supporting emerging companies in the industry.
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