latest news in companies
Liberty Gold's Q3 Results: TV Tower Sale Boosts Financial Outlook
Vancouver, Thursday, 14 November 2024.
Liberty Gold Corp. reports Q3 2024 financial results, highlighting the completed sale of TV Tower project in Türkiye. The transaction brings in $3.7 million immediately, with additional payments scheduled for 2025 and 2026, strengthening the company’s financial position amidst ongoing market challenges.
Stantec Secures $274.7M Contract for Sustainable Arizona Border Port
Washington, D.C., Wednesday, 13 November 2024.
Stantec has won a $274.7 million contract to design a new commercial inspection port in Douglas, Arizona. The project will quadruple truck inspection capacity, featuring an all-electric design with solar panels. Construction is set for 2025-2028, aiming to boost cross-border trade efficiency.
Ahrvo Labs Unveils Innovative Fintech Solutions for Compliance and Financial Services
USA, Wednesday, 13 November 2024.
Ahrvo Labs launches three initiatives: a white-labeled financial marketplace, a self-service compliance model, and an open-source developer program. These solutions aim to revolutionize compliance technology and financial services, offering businesses accessible tools and potential revenue streams.
Rocket Companies Navigates Challenging Mortgage Market in Q3 2024
Detroit, Wednesday, 13 November 2024.
Rocket Companies reported a $481 million loss in Q3 2024, despite achieving the highest adjusted EBITDA in two years. The fintech platform saw total revenue of $647 million and adjusted revenue of $1.323 billion, exceeding guidance. Despite Federal Reserve rate cuts, mortgage rates remained high, impacting the housing market. CEO Varun Krishna expressed optimism for 2025, citing forecasted growth in the U.S. mortgage market. The company’s strategic initiatives and technological advancements aim to strengthen its market position amid ongoing economic challenges.
GEON Expands Thermoplastic Elastomer Production in Mexico and U.S.
Mexico City, Wednesday, 13 November 2024.
GEON Performance Solutions is boosting its thermoplastic elastomer capabilities in Mexico and the U.S. to meet rising market demand. This strategic expansion, following the acquisition of PolymaxTPE, enhances GEON’s global supply chain and competitive position in the polymer industry.
Evolv Technologies Faces Legal Challenge Over Financial Reporting
New York, Wednesday, 13 November 2024.
Evolv Technologies Holdings, Inc. is confronting a securities class action lawsuit filed by Levi & Korsinsky, LLP. The suit alleges misleading financial statements and improper revenue recognition between August 2022 and October 2024. Investors have until December 31, 2024, to seek lead plaintiff status.
Riskified Surpasses Q3 Expectations, Raises 2024 Outlook
New York, Wednesday, 13 November 2024.
Riskified Ltd. reported better-than-expected Q3 2024 results, with earnings of $0.03 per share beating estimates by $0.10. Revenue reached $78.85 million, surpassing forecasts. The company raised its full-year 2024 revenue guidance to $322-$327 million, reflecting strong performance and market position in ecommerce fraud prevention.
S&P 500 Dividend Yield Hits 20-Year Low, Impacting Income Investors
New York, Wednesday, 13 November 2024.
The S&P 500’s dividend yield has plummeted to its lowest point in over two decades. This unprecedented dip is largely attributed to the dominance of tech giants in the index, whose low dividend payouts are reshaping traditional income investment strategies.
Warren Buffett's $325 Billion Cash Pile: A Market Warning?
Omaha, Wednesday, 13 November 2024.
Berkshire Hathaway’s record $325 billion cash reserve signals Warren Buffett’s cautious market outlook. The ‘Oracle of Omaha’ has been selling stocks, including a significant reduction in Apple holdings, while limiting new purchases. This defensive strategy suggests Buffett anticipates potential market turbulence ahead.
China's PV Market Set for Explosive Growth, Driven by Tech Giants
Beijing, Wednesday, 13 November 2024.
China’s physical vapor deposition market is projected to reach $1.1 billion by 2030, growing at 8.4% annually from 2025. This surge, led by companies like Advanced Energy Industries and Applied Materials, is fueled by increasing demand in medical equipment, solar products, and data storage sectors.