This is breaking news. Please refresh for updates.Palantir CEO Alex Karp ranted against short-sellers, calling out specifically Michael Burry after a filing revealed the investor of “The Big Short” fame had bets against the AI software company, as well as Nvidia, at the end of the last quarter.”The two companies he’s shorting are the ones making all the money, which is super weird,” Karp told CNBC’s “Squawk Box.” “The idea that chips and ontology is what you want to short is bats— crazy.””He’s actually putting a short on AI…It was us and Nvidia,” Karp added.Palantir shares slid roughly 8% in…
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Here are Tuesday’s biggest calls on Wall Street: Bank of America reiterates Apple as buy The firm said it’s sticking with Apple after checks show App Store revenue grew . “For the month of October, App store rev increased +8.8% y/y globally, outpacing app store download growth of +0.4% y/y. Reiterate Buy on strong capital returns, eventually winner at AI at the edge & optionality from new products/markets. PO stays at $325 on 32x C27E EPS of $10.11.” Barclays reiterates Tesla as equal weight Barclays called the Tesla shareholder vote later this week “critical.” “Tesla’s upcoming Annual Shareholder Meeting will…
Check out the companies making the biggest moves in premarket trading: Uber Technologies — The ride-sharing company fell 5% after saying fourth quarter adjusted EBITDA will range between $2.41 billion and $2.51 billion versus $2.47 billion expected by analysts polled by FactSet. Third-quarter revenue beat Wall Street’s expectations, at $13.47 billion versus the $13.28 billion expected from analysts polled by LSEG. It was unclear if earnings of $3.11 per share compared to a 68-cent consensus estimate. Norwegian Cruise Line Holdings — The cruise operator dropped more than 10% after third-quarter revenue of $2.94 billion missed the $3.02 billion expected by…
Corporate America is getting rocked by historic rounds of white-collar layoffs, leading some to wonder: Has AI finally come for their jobs?While the proliferation of generative and agentic artificial intelligence is playing a role, recent job cut announcements from companies like Amazon, UPS and Target are about a lot more than just the advance of new technology. The firms, which each announced layoffs in recent weeks totaling more than 60,000 roles eliminated this year, said they’re trying to cut corporate bloat, streamline operations and adjust to new business models.But in the absence of the Bureau of Labor Statistics’ monthly jobs report,…
Indian billionaire Gautam Adani attends the 51st Gems and Jewellery Awards in Jaipur, India, November 30, 2024. Stringer | ReutersAdani Enterprises on Tuesday announced plans to raise 250 billion rupees ($2.8 billion) through a rights issue of shares as it seeks to move on from the controversy that erupted the last time it announced an equity fundraise.Adani Enterprises — which serves as the Adani Group’s flagship company and in-house business incubator — raised 210 billion rupees in 2023, but the funds were returned to investors after U.S.-based short seller Hindenburg Research accused the group of corporate governance issues and stock price…
Pfizer CEO Albert Bourla speaks during a press conference after a visit to oversee the production of the Pfizer-BioNtech Covid-19 vaccine at the Pfizer factory in Puurs, Belgium, April 23, 2021.John Thys | ReutersPfizer on Thursday reported third-quarter earnings and revenue that topped estimates and hiked its full-year profit guidance, as cost cuts helped to outweigh declining sales for the period.The pharmaceutical giant now expects its full-year adjusted profit to come in between $3 and $3.15 per share, up from a previous guidance of $2.90 to $3.10 per share. Pfizer said that reflects its “solid” performance for the year, “continued…
Palantir delivered fiscal fourth-quarter earnings that topped the estimates analysts had set for the analytics tools builder. However, they weren’t enough for investors and analysts to look past the company’s lofty valuation. In the third quarter, the company earned an adjusted 21 cents per share on $1.18 billion in revenue. That exceeded the 17 cents and revenue of $1.09 billion that analysts polled by LSEG had penciled in. Revenue from Palantir’s U.S. government business rose 52% year-over-year to $486 million. Optimism over government sales have continued to prop the stock up, despite the ongoing shutdown. The company recently cemented a…
Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020.Luke Sharrett | Bloomberg | Getty ImagesYum Brands on Tuesday reported quarterly earnings and revenue growth, fueled by strong demand for Taco Bell and improved U.S. sales for KFC.The restaurant company also announced plans to review strategic options for Pizza Hut. The embattled pizza chain has struggled to win over diners in recent years. In its home market, pizza fatigue after pandemic lockdowns have led to slumping sales, and rivals like Domino’s Pizza have stolen share from Pizza…
Dick Cheney, a driving force behind the U.S. invasion of Iraq in 2003 who was considered by presidential historians as one of the most powerful vice presidents in U.S. history has died at age 84, his family said in a statement on Tuesday.Cheney died Monday night from complications of pneumonia and cardiac and vascular disease, his family said.The Republican – a former Wyoming congressman and secretary of defense – was already a major Washington player when then-Texas governor George W. Bush chose him to be his running mate in the 2000 presidential race that Bush went on to win.As vice…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOscar Munoz, former United Airlines chairman and CEO, joins ‘Squawk Box’ to discuss the impact of government shutdown on air travel and flight delays. Source link
