Billionaire Steve Cohen, part of the investor group that recently supported PGA Tour Enterprises, expressed optimism about reuniting top golfers who left for LIV Golf, which is funded by Saudi Arabia’s sovereign-wealth fund. Cohen acknowledged the complexities involved but believes a resolution is achievable.
Zoom Video Communications Inc. provided a sales forecast of approximately $1.18 billion for the upcoming quarter, which fell short of investor expectations for a larger increase from its expanded product offerings. The company anticipates adjusted earnings between $1.29 and $1.30 per share, slightly above analysts' average projection of $1.28 per share on sales of $1.17 billion, according to data compiled by Bloomberg.
Zoom reported a fiscal third-quarter revenue of $1.18 billion, reflecting a 4% year-over-year growth, and adjusted earnings per share of $1.38, surpassing expectations. The company anticipates continued single-digit growth, projecting fourth-quarter earnings of $1.29 to $1.30 per share. Additionally, Zoom plans to release a premium Custom AI Companion and is rebranding to Zoom Communications Inc. to align with its evolution into an AI-first work platform.
UBS has raised its price target for Deutsche Telekom from 28 to 31 euros while maintaining a "Neutral" rating. Analyst Polo Tang noted concerns over increasing competition in Germany's low-cost mobile segment but remains optimistic about the company's long-term fundamentals, projecting over 11% earnings growth and more than 4% annual shareholder returns.
22:30 25.11.2024
IG Group Holdings has shown impressive market performance, with shares priced at EUR 11.35, reflecting a 0.04% increase and a 6.31% rise over the month. The company boasts a market capitalization of EUR 4.0 billion, a P/E ratio of 9.84, and a net profit of EUR 307.7 million, indicating strong financial health. A recent analysis suggests shareholders should consider their options carefully regarding buying or selling.
22:30 25.11.2024
FIS (NYSE: FIS), a leading financial technology company, will present at the UBS Global Technology and AI Conference on December 4, 2024, at 11:35 a.m. MST. The presentation will be available via live audio webcast and replay on the Investor Relations section of FIS's website.Headquartered in Jacksonville, Florida, FIS specializes in financial technology solutions for institutions, businesses, and developers, focusing on payment, banking, and investment systems.
22:30 25.11.2024
UnitedHealthcare won a lawsuit against the Centers for Medicare and Medicaid Services (CMS), which requires the agency to recalculate the insurer's star ratings for 2025. A federal judge ruled that CMS violated the Administrative Procedure Act by incorrectly marking a test call as unsuccessful, impacting the ratings significantly. This decision could lead to increased quality bonus payments for UnitedHealthcare in 2026, as star ratings are crucial for enrollment and funding.
Moldova's energy minister engaged in discussions with Gazprom's head regarding alternative gas supply routes for the breakaway region of Transdniestria. This conversation comes amid concerns over potential disruptions in gas transit through Ukraine.
San Francisco Mayor-elect Daniel Lurie is assembling a transition team that includes tech leaders like OpenAI's Sam Altman to revitalize the city’s image and economy. Lurie plans to address the fentanyl crisis, enhance public safety, and attract diverse businesses while promoting affordable housing. He aims to restore San Francisco as a premier business hub, emphasizing a compassionate approach to homelessness and mental health.
Municipal bonds surged on Monday, buoyed by a rally in the US Treasury market following Scott Bessent's nomination as Treasury secretary by President-elect Donald Trump. Benchmark state and local government yields dropped by up to 7 basis points, with tax-exempt yields on 10-year, top-rated bonds falling 5 basis points to 2.89%, nearing their lowest levels since late October, according to data from Bloomberg.
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