Twin Peaks sports bar in Louisville, Kentucky.Google MapsSports bar chain Twin Peaks starts trading Thursday on the Nasdaq using the ticker “TWNP,” making it the first restaurant initial public offering of the new year and a potential litmus test for others looking to go public.The IPO market has been tepid for several years, particularly for consumer companies. Soaring inflation, higher interest rates, cautious consumers and the risk of lower valuations scared many companies away from going public. Market conditions meant that some companies chose to seek a sale rather than trying their luck with the public markets. Even the rare…
Author: usaeverydaylife
As he does every three months, Sibusiso traveled on Wednesday morning to a clinic in the capital of Eswatini, a tiny southern African nation, to get a refill of the H.I.V. medication he needs to save his life. When he arrived, the door was locked and about 20 other patients stood outside, baffled that the clinic was closed.Sibusiso, 39 and unemployed, had heard rumors that President Trump was pulling funding for the program that supported his treatment. Now, though, he learned the reality: The Trump administration had ordered a halt to the President’s Emergency Plan for AIDS Relief, or PEPFAR,…
Analysts liked what they heard from Meta Platforms late Wednesday. The tech giant reported fourth-quarter earnings and revenue that beat expectations , with sales surging 21% year over year. The company also said net income expanded by 49% from the year-earlier period. CEO Mark Zuckerberg also lauded President Donald Trump and said: “We now have a U.S. administration that is proud of our leading companies, prioritizes American technology winning.” He added that 2025 will be a year in which Meta can redefine its government relationships. Shares advanced about 1.4% in the premarket on Thursday. Here’s what analysts at some of…
Jeff Fusco | Getty ImagesComcast topped Wall Street’s fourth-quarter estimates on Thursday as revenue from the company’s broadband business gave it a boost despite losing customers. Here is how the company performed for the quarter, compared with average analyst estimates from LSEG: Earnings per share: 96 cents adjusted vs 86 centsRevenue: $31.92 billion vs. $31.64 billionFor the quarter ended Dec. 31, net income attributable to Comcast rose roughly 47% to $4.78 billion, or $1.24 per share, compared with $3.26 billion, or 81 cents per share, a year earlier. Adjusting for one-time items, including interest expense and the value of certain assets, Comcast reported…
Chinese artificial intelligence firm DeepSeek rocked markets this week with claims its new AI model outperforms OpenAI’s and cost a fraction of the price to build.The assertions — specifically that DeepSeek’s large language model cost just $5.6 million to train — have sparked concerns over the eyewatering sums that tech giants are currently spending on computing infrastructure required to train and run advanced AI workloads.But not everyone is convinced by DeepSeek’s claims.CNBC asked industry experts for their views on DeepSeek, and how it actually compares to OpenAI, creator of viral chatbot ChatGPT which sparked the AI revolution.What is DeepSeek?Last week,…
An employee places an item in the window display at a delicatessen in the Piazza Campo di Fiori in Rome, Italy, on Tuesday, Dec. 6, 2016.Bloomberg | Bloomberg | Getty ImagesThe euro zone economy saw zero growth in the fourth quarter, flash figures from the European Union’s statistics agency Eurostat showed Thursday.Economists polled by Reuters had expected growth of 0.1% over the period, following a larger-than-expected 0.4% expansion in the third quarter.The bloc-wide data comes after worse-than-expected growth prints from the euro zone’s two largest economies, Germany and France. Earlier on Thursday, official data showed that Germany’s gross domestic product…
In the impoverished villages of Isaan, as Thailand’s northeast is known, families have become used to a vigil from half a world away.On Thursday, five families hoped that their loved ones were finally being released from Gaza, after 15 months as hostages in a conflict whose contours they do not fully understand. The Thai foreign ministry has said that five Thai nationals will be among those released on Thursday.“Is there any news yet?” asked Wiwwaeo Sriaoun, the mother of Watchara Sriaoun, one of the remaining Thai hostages. “We are happy but also anxious waiting for the names to come out.”Neither…
The Frankfurt skyline at dusk on a November day.Helmut Fricke | Picture Alliance | Getty ImagesThe German economy shrank by 0.2% quarter-on-quarter in the three months ending in December, according to preliminary data released by Germany’s statistics office Destatis on Thursday.The figure is adjusted for price, calendar and seasonal variations.Analysts polled by Reuters had been expecting the gross domestic product (GDP) to decline by 0.1%.Household and government consumption expenditures increased, but exports were “significantly lower” than in the previous quarter, Destatis said.”After a year marked by economic and structural challenges, the German economy thus ended 2024 in negative territory,” it…
The European Central Bank is widely expected to announce yet another interest rate cut on Thursday, in what would be the fifth reduction since the central bank began easing monetary policy in June last year.Markets were last pricing in an over 90% chance of a 25-basis-point cut on Thursday, which would bring the ECB’s deposit facility, its key rate, to 2.75%. Further rate cuts are then being priced in as the year continues, which would bring the deposit facility to 2% by the end of 2025, if they materialize.The ECB is grappling with balancing a re-acceleration of euro area inflation…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin holds steady at $102,000 while altcoins like ether slip. Plus, shares of Trump Media rose Wednesday after the company announced it was expanding into financial services, including an allocation to cryptocurrencies. And Haider Rafique of OKX discusses the firm’s recently-secured regulatory license through the European Union’s MiCA crypto rules.09:14Wed, Jan 29 20253:00 PM EST Source link
