financetom
News
World
Environment
Technology
Politics
Retail
Business
Economy
Market summary >
Editors' picks >
News >
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
With California having nearly a third of America’s homeless, Gavin Newsom leans into the ‘Yes in God’s backyard’ movement
Jan 15, 2024
  California's New Law: Turning Parking Lots into Affordable Housing   Introduction  In an effort to combat the ongoing homeless crisis, California has enacted a new law that allows religious institutions and nonprofit colleges to convert their parking lots and other properties into low-income housing.   The Law's Provisions  The law, signed by Governor Gavin Newsom, rezones land owned by religious institutions and nonprofit colleges...
Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Trade Setup for November 30: Nifty set for best month of 2023 as record high in sight
Nov 29, 2023
November has turned out to be the best month of the year so far for the Nifty, with the index gaining 5.5% so far ahead of Thursday's monthly F&O expiry.
Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Jan 15, 2024
  Former Citibank Analyst's Unfair Dismissal Claim Rejected   Employee Lied About Food Expenses  A former Citibank analyst, Szabolcs Fekete, has lost his claim of unfair dismissal after a tribunal discovered he had lied about buying food for his partner and charging it to his employer.   Fekete, who was a senior analyst, claimed he had been both wrongfully and unfairly dismissed by Citibank....
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
PayU’s India biz clocks $211 million in revenues; Prosus attributes growth to Lazycard shutdown
Nov 29, 2023
The growth in revenues largely came from its existing merchants and payment processing stack Wibmo, as new merchant signups continued to be paused for the Indian entity after a Reserve Bank of India (RBI) order.
World >
Market >
Sector Update: Financial
Sector Update: Financial
Sep 24, 2025
08:57 AM EDT, 09/24/2025 (MT Newswires) -- Financial stocks were advancing premarket Wednesday, with the Financial Select Sector SPDR Fund (XLF) up 0.1%. The Direxion Daily Financial Bull 3X Shares (FAS) was 0.4% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.2%. PayPal Holdings ( PYPL ) and Blue Owl Capital (OWL) said they...
Investors Parse Powell's Remarks as US Equity Futures Waver Pre-Bell
Investors Parse Powell's Remarks as US Equity Futures Waver Pre-Bell
Sep 24, 2025
09:13 AM EDT, 09/24/2025 (MT Newswires) -- US equity futures were flat ahead of Wednesday's opening bell as traders turned cautious after Federal Reserve Chair Jerome Powell flagged a challenging situation for the central bank. Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.2% higher. Powell said Tuesday policymakers face...
Sector Update: Health Care Stocks Steady Pre-Bell Wednesday
Sector Update: Health Care Stocks Steady Pre-Bell Wednesday
Sep 24, 2025
09:12 AM EDT, 09/24/2025 (MT Newswires) -- Health care stocks were steady pre-bell Wednesday, with the Health Care Select Sector SPDR Fund ( XLV ) a slight 0.1% higher and the iShares Biotechnology ETF (IBB) inactive. Acadia Pharmaceuticals ( ACAD ) stock was down more than 11% after the company said its ACP-101, or intranasal carbetocin, therapy candidate for patients...
Sector Update: Tech Stocks Edge Higher Pre-Bell Wednesday
Sector Update: Tech Stocks Edge Higher Pre-Bell Wednesday
Sep 24, 2025
09:08 AM EDT, 09/24/2025 (MT Newswires) -- Technology stocks were edging higher pre-bell Wednesday, with the Technology Select Sector SPDR Fund (XLK) up 0.1% and the SPDR S&P Semiconductor ETF ( XSD ) advancing by 0.3%. Microsoft ( MSFT ) is planning to launch a two-sided artificial intelligence marketplace for publishers, Axios reported late, citing publishing executives familiar with the...
Environment >
Technology >
Arista Networks forecasts quarterly revenue above estimates on AI boom
Arista Networks forecasts quarterly revenue above estimates on AI boom
Jul 30, 2024
July 30 (Reuters) - Arista Networks ( ANET ) forecast third-quarter revenue above Wall Street estimates on Tuesday, anticipating strong demand for its networking gear from cloud computing companies and artificial intelligence applications. The upbeat forecast highlights Arista's role in the sector, which has largely benefited from strong demand from cloud computing firms - some of the largest beneficiaries of...
Skyworks quarterly revenue falls on slowing auto chip demand
Skyworks quarterly revenue falls on slowing auto chip demand
Jul 30, 2024
July 30 (Reuters) - Skyworks Solutions ( SWKS ) reported a drop in third-quarter revenue, hurt by sluggish demand for chips used in the automotive industry, sending its shares down by nearly 5% in extended trading. Slower-than-expected sales of electric vehicles as consumers pulled back on discretionary spending have weighed on companies such as Skyworks and Wolfspeed ( WOLF )....
Microsoft's Strategic Pivot After Cybersecurity Mishap Impacts 8.5 Million PCs, With A 13% Stock Surge And The Highly Anticipated Q4 Earnings On The Horizon
Microsoft's Strategic Pivot After Cybersecurity Mishap Impacts 8.5 Million PCs, With A 13% Stock Surge And The Highly Anticipated Q4 Earnings On The Horizon
Jul 30, 2024
CrowdStrike ( CRWD )'s recent software update led to system crashes on approximately 8.5 million PCs. Microsoft ( MSFT ) is exploring changes to how security software interacts with Windows operating systems. Despite the negative impact of the system crashes, Microsoft ( MSFT )'s stock has demonstrated resilience in the market, with a 13% increase this year, though it has...
Electronic Arts Q1 Earnings Highlights: College Football, Madden, Soccer Video Games 'Building Momentum For FY25 And Beyond'
Electronic Arts Q1 Earnings Highlights: College Football, Madden, Soccer Video Games 'Building Momentum For FY25 And Beyond'
Jul 30, 2024
Video game company Electronic Arts Inc ( EA ) reported first-quarter financial results after market close Tuesday. Here are the key highlights. What Happened: Electronic Arts ( EA ) reported first-quarter net bookings of $1.26 billion, down from $1.58 billion in last year's first quarter total of $1.58 billion, according to data from Benzinga Pro. The net bookings came in...
Personal Finance >
Politics >
Retail >
Business >
Amazon Partners With Energy Northwest to Develop Small Nuclear Reactor Technology in Washington
Amazon Partners With Energy Northwest to Develop Small Nuclear Reactor Technology in Washington
Oct 17, 2024
12:05 PM EDT, 10/16/2024 (MT Newswires) -- Amazon.com ( AMZN ) is working with Energy Northwest to fund efforts to move toward developing and deploying small modular reactor technology in Washington state, Energy Northwest said Wednesday. Under the terms of the agreement, Amazon ( AMZN ) will fund the initial feasibility phase of a small modular reactor technology project, which...
Sunnova Energy's Q3 Cash Generation Potential Likely Had 'Fewer Tailwinds,' UBS Says
Sunnova Energy's Q3 Cash Generation Potential Likely Had 'Fewer Tailwinds,' UBS Says
Oct 17, 2024
12:07 PM EDT, 10/16/2024 (MT Newswires) -- Sunnova Energy International's ( NOVA ) cash generation potential in Q3 likely had fewer tailwinds and is likely to miss market expectations, UBS Securities said Wednesday. The brokerage cut its Q3 cash balance outlook for Sunnova by 14% to $233 million, implying $20 million cash consumed sequentially. Visible Alpha consensus estimates imply a...
OMERS French digital asset secures $6.3 bln of credit facilities
OMERS French digital asset secures $6.3 bln of credit facilities
Oct 17, 2024
Oct 16 (Reuters) - OMERS Infrastructure, the infrastructure investments unit of Canada-based pension plan owner OMERS, said on Wednesday that XpFibre, its digital asset in France, has secured 5.8 billion euros($6.31 billion) of credit facilities. OMERS raised this amount along with other shareholders such as Altice, Allianz, and AXA IM Alts, the alternative investment arm of French insurer AXA. XPFibre...
Winmark Q3 Earnings, Revenue Fall
Winmark Q3 Earnings, Revenue Fall
Oct 17, 2024
12:03 PM EDT, 10/16/2024 (MT Newswires) -- Winmark ( WINA ) reported Q3 earnings Wednesday of $3.03 per diluted share, down from $3.05 a year earlier. An analyst polled by Capital IQ expected $3.16. Revenue for the quarter ended Sept. 28 fell to $21.5 million from $22.3 million a year earlier. One analyst surveyed by Capital IQ expected $22.3 million....
Economy >
Cryptocurrency >
2 New Major Features for All Pi Network Pioneers Released on Pi2Day: Details
2 New Major Features for All Pi Network Pioneers Released on Pi2Day: Details
Jun 28, 2025
TL;DR The Pi Network Core Team just announced two new features for all users, which include the introduction of artificial intelligence into the ecosystem and another platform-level utility service for staking. Meanwhile, the PI token continues its slide, losing another 5% in the past 24 hours. PI and AI Citing the fundamental principles of the blockchain industry, including aiming to...
World Liberty Financial Sees Strong Interest in WLFI as Treasury Asset: Report
World Liberty Financial Sees Strong Interest in WLFI as Treasury Asset: Report
Jun 27, 2025
The Donald Trump-affiliated DeFi project, World Liberty Financial, is receiving considerable interest from public companies that want to hold its native WLFI token as a treasury asset, according to a recent report. Co-founder Zak Folkman revealed this during his Wednesday speech at the Permissionless conference in New York, where he also announced the release of the new World Liberty Financial...
Calm Before the Storm? Bitcoin Consolidates Around $107,000: Weekend Watch
Calm Before the Storm? Bitcoin Consolidates Around $107,000: Weekend Watch
Jun 28, 2025
The broader cryptocurrency market remains relatively calm and for the past 24 hours there havent been any major movements. Bitcoin continues trading in a more or less narrow range between $106,000 and $108,000, begging the question if this is the calm before the storm and if a major move is just around the corner. Bitcoin Price Consolidates at $107K Bitcoins...
Why Is Ripple’s (XRP) Price Up Today?
Why Is Ripple’s (XRP) Price Up Today?
Jun 28, 2025
TL;DR Following a few consecutive days of price slides, Ripples native token has finally posted an impressive turnaround on a daily scale, gaining nearly 5%. This comes amid a growing bullish sentiment among participants and adoption news in the US. It was just a few days ago that US District Judge Analisa Torres dealt a blow to Ripple and the...
Forex >
Copyright 2023-2026 - www.financetom.com All Rights Reserved