Author: News Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Apple’s quarterly profits and revenue crept past Wall Street forecasts, despite lower iPhone sales as it faced mounting competition in China.The group on Thursday reported revenue of $124.3bn for its December quarter, above analysts’ estimates in a Bloomberg poll of $124.1bn and up 4 per cent from the same period in the previous year. Net income climbed about 7 per cent to $36.3bn, also above expectations of $35.5bn. iPhone sales of $69.1bn were, however, down slightly and below forecasts of about $71bn.Revenue…
Q2: 2025-01-30 Earnings SummaryEPS of – misses by $0.10 | Revenue of – (-100.00% Y/Y) misses by $259.99MThis article was written byFollowSeeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team Read the full article here
Mortgage rates fell slightly this week, remaining stubbornly high while would-be buyers and sellers continue to wait for steeper declines. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.95% from last week’s reading of 6.96%. The average rate on a 30-year loan was 6.63% a year ago. “The 30-year fixed-rate has hovered between 6% and 7% for most of the last two and a half years. That trend continued this week, with the average rate remaining essentially flat at 6.95%,” said Sam Khater, Freddie Mac’s…
By Chris Taylor, Next Avenue Katerina Stroponiati has a thought exercise for you: Go out on the street and ask any random person about the age of most successful tech company founders. “They will probably tell you 30 or less,” says Stroponiati, a New York City-based venture capitalist and founder of the investing firm Brilliant Minds. “But that is not reality.” The data backs her up. The true average age of successful company founders? More like 45. Profiting From Others’ Oversights That is according to a study led by MIT professor Pierre Azoulay, which found that the traditional founder stereotype…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A passenger jet and a military helicopter collided near Reagan National Airport outside Washington late on Wednesday, the US Federal Aviation Administration said.The regional flight, operated by PSA Airlines for American Airlines, had originated in Wichita, Kansas. The Bombardier CRJ700 and a US Army Sikorsky H-60 Black Hawk helicopter collided as the jet approached the airport around 9pm.Washington’s Metropolitan Police Department said on X that “a multi-agency search and rescue operation is under way” in the Potomac river.American Airlines said it was…
Avnet, Inc. (NASDAQ:AVT) Q2 2025 Earnings Conference Call January 29, 2025 11:00 AM ET Company Participants Joseph Burke – Vice President, Treasurer & Investor RelationsPhilip Gallagher – Chief Executive OfficerKen Jacobson – Chief Financial Officer Conference Call Participants Toshiya Hari – Goldman SachsWilliam Stein – Truist SecuritiesJoe Quatrochi – Wells FargoRuplu Bhattacharya – Bank of America Operator Welcome to the Avnet Second Quarter Fiscal Year 2025 Earnings Call. I would now like to turn the floor over to Joe Burke, Vice President Treasury and Investor Relations for Avnet. Joseph Burke Thank you, operator. I’d like to welcome everyone to the…
Late Monday night on January 27, President Trump neutralized the National Labor Relations Board, which is an independent federal agency designed to function without direct political interference. The law explicitly states the President of the United States cannot fire a sitting Board Member without cause, due process, and a hearing. She did not get a hearing. But the salient impact is that without Member Wilcox, the Board won’t have a quorum and can’t issue decisions to settle disputes of unfair labor practices and other actions that promote the collective bargaining process and labor rights and union functioning. Trump rendered the…
Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.OpenAI says it has found evidence that Chinese artificial intelligence start-up DeepSeek used the US company’s proprietary models to train its own open-source competitor, as concerns grow over a potential breach of intellectual property.The San-Francisco-based ChatGPT maker told the Financial Times it had seen some evidence of “distillation”, a technique used by developers to obtain better performance on smaller models by using outputs from larger, more capable models. This allows them to achieve similar results on specific tasks at a much lower…
This article was written byFollowSeeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team Read the full article here
Following the announcement of a temporary freeze on federal assistance, ordered by the Trump administration’s Office of Management and Budget (OMB), Americans may be wondering if the freeze will impact them. In a dramatic ruling just minutes before the freeze was set to take effect on Tuesday, a federal judge paused the federal funding freeze. U.S. District Judge Loren AliKhan for the District of Columbia, appointed by former President Joe Biden, imposed an administrative stay on Tuesday afternoon.AliKhan ordered the pause on disbursements be stayed until Feb. 3 at 5 p.m. Before that ruling, in her first official press briefing…
