Palantir has hit another major milestone in its meteoric stock rise. It’s now one of the 20 most valuable U.S. companies. The provider of software and data analytics technology to defense agencies saw its stock rise about 3% on Friday to another record, lifting the company’s market cap to $375…
Shares of Centene Corp. dropped sharply on Friday morning after the health insurer reported a surprise quarterly loss, driven by rising medical costs and a significantly higher-than-expected health benefits ratio. The results underscored the mounting challenges facing the health insurance industry, which has been grappling with elevated care utilization and…
Global remittances are expected to exceed $800 billion this year, driven by rapid innovation in cross-border payment infrastructure, particularly in emerging economies. Ollie Walsh, President of Qenta and former Co-Founder of Pipit Global, a cash-to-digital platform that created one of the world’s largest payment networks, is at the heart of…
Spanish telecom giant Telefonica is in advanced talks to sell its business in Mexico to Beyond ONE, the Dubai-based owner of Virgin Mobile Mexico, three sources familiar with the matter said to Reuters. The possible transaction comes as Telefonica continues an approach to exit lower-margin Latin American markets and target…
GO Residential Real Estate Investment Trust (REIT) shares declined as much as 3.3% in early trading Friday following its $410 million initial public offering, the first corporate IPO on the Toronto Stock Exchange (TSX) in 2025. Despite the early dip, the offering marks a notable reopening of Canada’s IPO market,…
President Donald Trump on Friday said there is a “50-50 chance” the United States will reach a trade agreement with the European Union to reduce tariffs, even as EU diplomats have signalled greater optimism about striking a deal before the August 1 deadline.“I would say that we have a 50-50…
Intel Corp (NASDAQ: INTC) tanked nearly 10% on Friday even though the chipmaker, under its new chief executive Lip-Bu Tan, reported better-than-expected revenue for its fiscal Q2 and issued a decent top-line guidance.Investors are bailing on the semiconductor stock this morning primarily because it disappointed on the earnings front– not…
Brazil’s central bank is likely to keep its base Selic interest rate on hold at 15.% on July 30, keeping its tightest monetary stance in more than 20 years unchanged in the face of easing inflation expectations seen recently, as per a Reuters report.At least 35 analysts polled by Reuters…
As London grapples with intensifying heat waves and outdated transport infrastructure, its status as a leading global financial hub may be under quiet but growing pressure. Commuters working in the City of London, the capital’s core financial district, are facing increasingly unbearable conditions on the London Underground, particularly on the…
Carvana Co (NYSE: CVNA) has already rallied some 100% over the past three months – but an Oppenheimer analyst believes it still has significant further room to the upside.Brian Nagel upgraded the used car retailer to “outperform” in a research note this morning, and announced a $450 price target that…