Video sharing platform Rumble (NASDAQGM:RUM) announced better-than-expected revenue in Q4 CY2024, with sales up 48.2% year on year to $30.23 million. On the other hand, next quarter’s revenue guidance of $22.17 million was less impressive, coming in 11.6% below analysts’ estimates. Its GAAP loss of $1.15 per share was significantly below analysts’ consensus estimates.
LAUSANNE (Reuters) -Executives from the world's top commodity trading houses expect a well-supplied oil market this year, with concerns remaining over global demand growth. Oil prices could continue to soften as global supply rises, including with the Organization of Petroleum Exporting Countries and allies (OPEC+)'s plan to unwind voluntary output cuts in coming months, the executives said speaking at the FT Commodities Global Summit in Lausanne. "There are some threats to supply, but by and large there is adequate supply for the next couple of years," said Vitol Chief Executive Russell Hardy.
The company that owns Trump’s Truth Social platform aims to launch ETFs with a “Made in America” focus. Shares are up, but details are scarce.
The world’s largest asset manager first launched its money market fund on the Ethereum blockchain.
The central bank identified weaknesses in Frankewing Bancshares’ operations, including its inability to provide financial and managerial support to the bank.
(Bloomberg) -- The chief strategist at UBS Investment Bank said the “visibly tiring” US consumer is set to further pressure stock prices, setting the stage for another 8% slump in the S&P 500. Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysTrump Slashed International Aid. Geneva Is Feeling the Impact.Paris Votes to Make 500 More Stree
Wall Street expected to have something of a friend in Donald Trump, yet the President's indifference to market volatility is analysts' true cause for concern, said Mike Wilson.
(Bloomberg) -- Tullow Oil Plc will pump as much as it can from mature assets in West Africa this year as part of plans to bring debt below $1 billion.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysTrump Slashed International Aid. Geneva Is Feeling the Impact.Paris Votes to Make 500 More Streets Car-FreeThe company has been chipping aw
Shares of Smithfield Foods rose in premarket trading Tuesday after the pork giant reported its first quarterly results since its initial public offering.
