Princeton University’s endowment, valued at $34.1 billion, reported a 3.9% return for the year ending in June, marking the lowest performance among Ivy League institutions for the second consecutive year. The fund distributed $1.7 billion for the university's operations while maintaining its overall value.
JSW Energy reported a slight increase in consolidated net profit to Rs 853 crore for Q2 FY25, up from Rs 850 crore in the same quarter last year. Total revenue rose by 2% year-on-year to Rs 3,459 crore, while the company's net debt stood at Rs 24,875 crore, resulting in a net debt-to-equity ratio of 0.9X as of September 30, 2024.
Nestlé, the world's largest food manufacturer, has maintained its dividend since 1959, increasing it annually for 29 years. Despite a 30% drop in share value since late 2021, experts suggest the worst is over, with a potential slight increase in the 2024 dividend yield expected at around 3.5%. The company remains solidly financed and a market leader in many segments, presenting a favorable entry point for investors.
18:00 24.10.2024
Molina Healthcare's stock surged over 20% after reporting Q3 earnings of $6.01 per diluted share, exceeding expectations by 20 cents, with total revenue reaching $10.34 billion. The company, serving 5.6 million members, noted a 15% year-over-year net income increase to $347 million, despite challenges from medical costs and a premium rate reduction in California. Molina will not offer Medicare Advantage Prescription Drug plans in 13 states next year, allowing a strategic focus on dual-eligible populations.
Mortgage rates in the US have risen for the fourth consecutive week, with the average for a 30-year fixed loan now at 6.54%, up from 6.44% the previous week, according to Freddie Mac's latest statement. This trend reflects ongoing changes in the housing market.
Tesla shares surged 19% following a better-than-expected earnings report, marking the stock's best day in over three years. The company reported $25.18 billion in revenue and adjusted earnings per share of 72 cents, exceeding analyst estimates. CEO Elon Musk projected vehicle growth of 20% to 30% for 2025, while analysts remain cautious, with some estimating a more conservative 14% growth.
UBS has maintained its "Buy" rating for United Parcel Service (UPS), setting a target price of $159. Analyst Thomas Wadewitz noted a positive shift for the logistics company in the third quarter, which is expected to bolster the share price.
17:53 24.10.2024
UBS has maintained a "Buy" rating for UPS, setting a target price of $159. Analyst Thomas Wadewitz noted a positive shift for the logistics company in the third quarter, which is expected to bolster its share price.
17:53 24.10.2024
UBS has upgraded its rating for UPS to 'Buy' with a target price of $159, citing a positive shift in the company's performance during the third quarter. Analyst Thomas Wadewitz believes this momentum will bolster the share price, which closed at $138.35, reflecting a 5.28% increase.
17:53 24.10.2024
Dazn has opted to broadcast the Milan vs. Napoli match free-to-air, limiting viewer numbers amid concerns over the Piracy Shield incident. Meanwhile, Francesco Totti's potential return to the field could generate an estimated impact of 100 million euros, attracting significant fan and sponsor interest. In other news, the Milan court has unblocked the Rossoneri's stadium project in San Donato, rejecting an appeal from WWF, while the Arnault family is in talks to acquire Paris FC, further highlighting the dynamic landscape of sports business.
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