While reporting financial results for the first quarter on Thursday, PHINIA Inc. (PHIN) reaffirmed its fiscal 2024 guidance for net earnings in a range of $125 million to $160 million on net sales between $3.42 billion and $3.58 billion. On average, analysts polled by Thomson Reuters expected the company to report earnings of $4.15 per...
OSI Systems, Inc. (OSIS) reported on Thursday that net income for the third quarter grew to $34.04 million or $1.95 per share from $21.81 million or $1.27 per share in the prior-year quarter. Excluding items, adjusted earnings were $2.16 per share, compared to $1.49per share in the year-ago quarter. On average, four analysts polled by...
A report released by the Commerce Department on Thursday showed the U.S. economy grew by much less than expected in the first quarter of 2024. The Commerce Department said gross domestic product increased by 1.6 percent in the first quarter after surging by 3.4 percent in the fourth quarter of 2023. Economists had expected GDP...
Pending home sales in the U.S. surged by much more than expected in the month of March, according to a report released by the National Association of Realtors on Thursday. NAR said its pending home sales index spiked by 3.4 percent to 78.2 in March after jumping by 1.6 percent to 75.6 in February. Economists...
In today’s financial landscape, Bitcoin price predictions have become increasingly relevant as the cryptocurrency navigates through volatile market conditions. Currently priced at $64,226, Bitcoin shows a minor decrease of 0.75% within the last 24 hours, yet maintains its dominance with a robust market cap of approximately $1.25 trillion. Bitcoin Price Prediction Looking at the technical...
Cardano Blockchain founder Charles Hoskinson reminded the cryptocurrency community of digital currencies’ true purpose and ethos in a sentimental April 25 X post, emphasizing that their use case extends far beyond trading. Hoskinson drove his point home with a powerful quote from the 1938 song “I Don’t Want to Set the World on Fire” by...
T-Mobile (TMUS) and investment firm EQT announced Thursday they have entered into a joint venture (JV) with EQT\'s Infrastructure VI fund (EQT) that will acquire fiber-to-the-home platform Lumos from EQT\'s predecessor fund EQT Infrastructure III. The JV will bring T-Mobile\'s retail, marketing, brand and customer experience strengths together with EQT\'s fiber infrastructure investment expertise. Together...
Monolithic Blockchain firm Movement Labs secured $38 million in Series A funding from Polychain Capital on April 25. The investment will support Movement Labs’ mission to introduce Facebook’s Move Virtual Machine to the Ethereum ecosystem. According to co-founder Rushi Manche, the $38 million capital raise underscores the immense potential investors see in Movement Labs’ ability...
The Indonesia stock market on Thursday ended the two-day winning streak in which it had picked up more than 100 points or 1.4 percent. The Jakarta Composite Index now sits just above the 7,155-point plateau and it\'s looking at another soft start again on Friday. The global forecast for the Asian markets is sift on...
Eternal gold bug Peter Schiff’s Bitcoin take isn’t good. He had a fierce warning for Bitcoin’s faithful on Wednesday, claiming the digital asset is on the verge of losing substantial and precarious technical price support. The popular economist and financial commentator tweeted that it’s “a long way down” if Bitcoin’s price drops below $60,000 again....