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(Bloomberg) — Apple Inc.’s turmoil in its AI division reached new heights on Friday, with the company delaying promised updates to the Siri digital assistant for the foreseeable future. Most Read from Bloomberg Apple said that features introduced last June, including Siri’s ability to tap into a user’s personal information to answer queries and have more precise control over apps, will now be released sometime in “the coming year.” The iPhone maker hadn’t previously set a public deadline for the capabilities, but they were initially planned for the iOS 18.4 software update this April. Bloomberg News reported on Feb. 14…
MIAMI (AP) — A company owned by President Donald Trump sued Capital One on Friday, claiming the bank unjustifiably terminated over 300 of the Trump Organization’s accounts without cause in 2021, shortly after the Jan. 6 attack on the U.S. Capitol. The suit was filed by the Donald J. Trump Revocable Trust and Eric Trump in Miami-Dade Circuit Court. The Trump Organization claims the decision by Capital One to close the accounts was an attack on free speech and free enterprise. The suit also claims the decision was a response to Trump’s political views. “Capital One has not and does…
(Bloomberg) — A roller-coaster week for markets ended on that same note, with stocks whipsawing as traders tried to make sense of a myriad of headlines around the economy, tariffs and geopolitical developments. Most Read from Bloomberg Just minutes after a slide that drove the S&P 500 down over 1%, the gauge staged an “oversold bounce” as Federal Reserve Chair Jerome Powell said the economy is fine. The Nasdaq 100 moved away from the threshold of a correction. Bonds fell. In the first signal of a positive response from President Vladimir Putin to US counterpart Donald Trump’s call for a…
(Bloomberg) — President Donald Trump said French shipping giant CMA CGM SA will invest $20 billion in the United States to develop maritime infrastructure, logistics and terminals. Most Read from Bloomberg An estimated 10,000 new jobs would be created by the projects, Trump said at an event at the White House alongside CMA CGM Chief Executive Rodolphe Saadé. The investments would be made over four years, the container line said in a subsequent statement. “It’s so important because it’s about shipping,” Trump said. “You know, we lost our way for many years. We haven’t done anything. We used to build…
We recently compiled a list of the 10 Hot AI News Updates Analysts are Monitoring. In this article, we are going to take a look at where ARB IOT Group Limited (NASDAQ:ARBB) stands against the other AI stocks. According to Goldman Sachs, the AI-powered rally in Chinese equities could boost other markets as well. Consequently, the firm has raised its 12-month target for MSCI Emerging Markets Index by 3%, reaching 1,220 from 1,190, and reflecting an 11% potential upside from current levels. This increase reflects the impact of AI adoption on valuations through earnings, multiples and portfolio flows. The firm further…
Release Date: March 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Martinrea International Inc (MRETF) reported a strong safety record with a total recordable injury rate of 0.99 in 2024, among the best in the industry. The company maintained a strong balance sheet with a net debt to adjusted EBITDA ratio under the target of 1.5 times. Martinrea International Inc (MRETF) returned significant capital to shareholders in 2024, maintaining its dividend and repurchasing over 5 million shares. The company made progress in reducing carbon emissions by 17% since 2019 and…
Q: Can you provide insights into the sensitivity of the non-mortgage component of your business? A: Elias Olmeta, CFO: While we have improved our disclosures, we are not providing further details on the consumer side at this time. However, we will consider this for future calls. Q: How sustainable is your 41% EBITDA margin target as you continue to invest in sales and marketing? A: Elias Olmeta, CFO: We feel confident about the 41% margin. The 40% guidance is the anchor, and as we ramp up investments in the second half of the year, margins may see slight pressure. However,…
(Bloomberg) — A global shortage of antimony — widely used in munitions — could worsen as the US and Europe replenish stockpiles of bullets and bombs used in Ukraine, according to the company building one of the niche metal’s few new sources of supplies. Most Read from Bloomberg Larvotto Resources Ltd. (K6X.F) is due to start a mine in Australia next year, offering a rare new stream of output from a Western nation in an antimony industry dominated by China and Russia. Prices of the metal are nearly four times higher than a year ago, after Beijing tightened exports of…
Contract Revenue: Increased 11% year over year to $566 million. Adjusted EBITDA: Increased 24% year over year to $56.8 million. GAAP EPS: Nearly doubled year over year to $1.58. Adjusted EPS: Increased 39% year over year to $2.43. Free Cash Flow: Generated $4.49 per share in 2024. Net Revenue: Increased 10% to $296 million. Gross Margin: Expanded to 35.8% from 35.2% a year ago. Interest Expense: Decreased 17% to $7.8 million. Net Income: $22.6 million, up from $10.9 million in 2023. Cash Flow from Operations: Generated $72 million in 2024. Total Liquidity: $124 million at the end of 2024. 2025…
(Bloomberg) — Broadcom Inc. (AVGO) shares jumped after the chip supplier for Apple Inc. (AAPL) and other big tech companies gave an upbeat forecast, reassuring investors that spending on artificial intelligence computing remains healthy. Most Read from Bloomberg Sales will be about $14.9 billion in the three-month period ending May 4, Broadcom said in a statement Thursday. Analysts had estimated $14.6 billion on average, with some projections surpassing $15.1 billion. The report suggests that a historic boom in AI spending is still going strong. Broadcom has been a major beneficiary of those expenditures, with its data center customers pouring money…