Palantir stock has struggled for months, but the company may have just given investors some hope again. Shares of Palantir surged 29.45% on Aug. 4, the trading day after Palantir reported second-quarter results that topped Wall Street‘s expectations. The company posted adjusted earnings of 41 cents a share, ahead of analysts’ estimates of 35 cents.
At the start of July, a small Cessna 402 plane operated by Bahamian tourist airline Flamingo Air encountered an unexpected problem mid-flight before crashing into the bushes near San Andros Airport (MYAN). The fatal accident caused the deaths of all nine passengers and the pilot on board, while the airline remains grounded with a suspended
Palantir Technologies (PLTR) has posted the kind of earnings report that makes a pricey company seem nearly fair. Revenue surged 93% year over year. U.S. commercial sales jumped 149%. Government revenue climbed 90%. Profit margins expanded while growth accelerated, an unusual combination for any software company, let alone one approaching $2 billion in quarterly revenue.
Luxury fashion retailers are accelerating store closures as slowing demand, economic uncertainty, and shifting consumer spending force even the industry’s biggest names to rethink their global footprints. Over the past year, several luxury companies have announced plans to shrink their retail networks as they prioritize stronger-performing locations, streamline operations, and invest in long-term growth rather
While many smaller airlines already struggle to stay in business due to the astronomical costs of being in aviation, the price of jet fuel that spiked after the attack on Iran has dealt unexpected blows to many additional carriers this year. Mexican holiday carrier Magnicharters filed for bankruptcy protection in June after abruptly canceling all of
Chevron is looking at a way to move oil out of the Middle East without ever touching the Strait of Hormuz. CEO Mike Wirth confirmed the energy behemoth is studying a cross-border pipeline concept that would carry crude north through Iraq, then on to either Syria or Turkey, before reaching the Mediterranean Sea. The idea
Warren Buffett rarely calls his own investments mistakes. He rarely doubles down on ones he still questions. In a July CNBC interview, he did both at once. Buffett confirmed he personally started Berkshire’s Alphabet position, confessed he should have bought years earlier, and flagged the enormous spending challenge ahead. Berkshire began buying Alphabet shares in
Wall Street’s nervousness over inflation and higher rates derailing the stock market was already on the radar. Elevated oil prices threatened to lift consumer prices and stoke fears of a Fed rate hike while pressuring tech stocks that had powered the market to record highs. The Nasdaq 100’s pullback only deepened fears that the AI
I have covered the energy market’s evolution through the Iran-Iraq War, from Chevron CEO Mike Wirth‘s early warnings about depleting buffers to Shell’s CEO describing the diesel and gasoline squeeze that emerged as refineries pivoted to jet fuel. On July 31, ExxonMobil Chairman and CEO Darren Woods also added the most analytically precise observation I
Applied Materials (AMAT), Lam Research (LRCX), and KLA (KLAC) sell machines used to manufacture and inspect processors and memory chips. Cloud providers purchase finished processors and memory for artificial intelligence data centers. Chip manufacturers may need more factory equipment when server orders require additional production capacity or more complex manufacturing steps. Bank of America (BAC)