Politan Capital’s refusal to engage in a proxy fight against Masimo CEO Joe Kiani, under the condition that their two new directors are added to the board, marks a significant development in the ongoing battle for control at the company. The activist group, led by Quentin Koffey, responded to Masimo’s initial offer to appoint one
Enterprise
Reddit recently released its quarterly results, marking its first earnings report since going public in March. The company’s shares surged by 14% in extended trading following the announcement of its financial figures. Despite posting a loss per share of $8.19, which is slightly lower than the expected $8.71 loss, Reddit’s revenue stood at an impressive
It is alarming to note that in the United States, a significant amount of the food produced ends up in landfills rather than being consumed. This wasteful practice not only contributes to excess production and packaging but also has a negative impact on the environment by fueling climate change. According to a recent study published
Palantir, the defense technology company, experienced a sharp decline in its shares, plummeting around 7% in after-hours trading on Monday. This decline came as a result of the company reporting weaker-than-expected guidance for the upcoming quarter. The company’s earnings per share were reported at 8 cents adjusted, falling short of the 8 cents per share
Investment director Mark Hawtin from GAM Investment Management raised concerns regarding the hype surrounding Tesla’s progress in rolling out its advanced driver-assistance feature in China. According to Hawtin, the expectations of investors are misleading as Tesla’s Full Self-Driving (FSD) service does not provide full autonomous driving capabilities. He emphasized that the functionality offered in China
Coinbase, the leading digital asset exchange platform in the U.S., recently released its first-quarter earnings report, exceeding analysts’ expectations. The company reported revenue of $1.64 billion, significantly higher than the projected $1.34 billion. Additionally, Coinbase recorded a net income of $1.18 billion, translating to $4.40 per share, a substantial improvement from the previous year’s loss
The cryptocurrency market was hit with a sharp decline on Wednesday as Bitcoin, the leading digital currency, dropped to its lowest level in over two months. The price plummeted to $56,757.93, falling below the $57,000 mark for the first time since February 28. This significant drop raised concerns among investors as Bitcoin continued to tumble,
Amazon is set to report its first-quarter earnings, with analysts forecasting earnings per share of 83 cents and revenue of $142.5 billion. Wall Street is closely monitoring key numbers such as Amazon Web Services revenue projected at $24.5 billion and advertising revenue at $11.7 billion. Analysts are anticipating a revenue growth of 12% for Amazon,
Tesla’s stock price surged in U.S. premarket trading following the announcement that the electric car company had cleared a significant hurdle to introduce its Full Self Driving (FSD) technology in China. The suspension in share prices by over 10% after 7:30 a.m. ET demonstrated investor excitement over Tesla CEO Elon Musk’s visit to China, where
The world of cloud computing is evolving rapidly, with an increasing number of companies delving into the realm of Artificial Intelligence (AI). Oracle, a leading cloud infrastructure provider in the U.S., has recognized the need to enhance its generative AI capabilities to stay ahead in the competition. The recent AI boom, triggered by the launch