By Patricia Zengerle and Mike Stone (Reuters) – The White House plans to rush billions of dollars in security assistance to Ukraine before President Joe Biden leaves office in January, sources said on Wednesday, hoping to shore up the government in Kyiv before President-elect Donald Trump’s Jan. 20 inauguration. “The administration plans to push forward … to put Ukraine in the strongest position possible” a senior administration official said on condition of anonymity, before its term ends in January. Trump has been critical of Biden’s assistance for Ukraine, fueling concern about the future of support for President Volodomyr Zelenskiy’s government…
Author: user
Chipmaker Arm (NASDAQ:) reported second-quarter earnings that surpassed analyst expectations, but its stock fell 3% in after-hours trading. The chip designer posted adjusted earnings per share of $0.30, beating the consensus estimate of $0.26, while revenue came in at $844 million, exceeding the expected $744.31 million. The company’s revenue increased 5% YoY, driven by record royalty revenue and strong license revenue. Royalty revenue surged 23% YoY to $514 million, primarily due to the continued adoption of Armv9 and smartphone market recovery. License and other revenue declined 15% YoY to $330 million, which the company attributed to normal fluctuations in timing…
NEW YORK – General American Investors Company, Inc. (NYSE:GAM), a closed-end investment company, has declared a combined dividend and distribution totaling $4.50 per share for its common stockholders, to be paid on December 27, 2024. The payment comprises a $4.05 per share distribution from net long-term capital gains and a $0.45 per share dividend from estimated undistributed net investment income for 2024. Common stockholders as of the record date, November 18, 2024, will have the option to receive additional shares or elect a cash payout. The taxability of these amounts will be clarified in January 2025 and are intended for…
By Anuja Bharat Mistry (Reuters) -Elf Beauty raised its forecasts for annual sales and profit on Wednesday, betting on its efforts to sell cosmetics such as lip oil and liquid blush at affordable price points in the U.S. and abroad, sending the company’s shares up 9% in extended trading. Customers, who have been hunting for lower-priced makeup and skincare products, have helped in boosting Elf’s sales in a challenging market where major beauty brands like Estee Lauder and L’Oreal have been wrestling to lift demand. Elf expects net sales in the range of $1.32 billion to 1.34 billion, compared with…
The British automotive designer, Ian Callum, renowned for his work at Ford, TWR, Aston Martin, and notably, Jaguar, has breathed new life into the iconic Jaguar C-X75 concept car. After leaving Jaguar Land Rover in 2019, Callum founded his own company, where he continues to push the boundaries of automotive design. One such project is the reimagined C-X75, a testament to his passion for creating breathtaking and high-performance vehicles. Iconic Revival: Ian Callum Brings Jaguar C-X75 Concept to Life as a Road Legal Supercar (Callum Designs) This ultimate driving machine, once a mere concept from 2010, has been thoroughly reengineered…
Toyota, a formidable force in the US automotive market, has been pushing hard to claim the sales crown. While General Motors currently holds the top spot for the first three quarters of 2024, Toyota isn’t far behind. With a 6.2% increase in sales compared to the same period last year, Toyota has delivered 1.73 million units, narrowing the gap with GM’s 1.95 million units. The driving force behind Toyota’s strong performance is the ever-popular RAV4 compact crossover SUV. Toyota’s RAV4 Powers Sales Growth, Closing the Gap with GM in 2024 US Market (Evren Ozgun Spy Sketch /YouTube) This fifth-generation model,…
Real Good Food Company, Inc. (NASDAQ:RGF) announced on Monday (NASDAQ:) that it will restate its financial statements for 2022 and the quarterly periods of 2023 due to errors in revenue recognition. The decision, made by the company’s audit committee and board of directors, was disclosed in an 8-K filing with the Securities and Exchange Commission (SEC). The restatement pertains to the incorrect accounting treatment of a specific sales agreement during the mentioned periods. As a result, previously reported revenues, costs of sales, and accounts receivable for all periods in 2022 will be reduced, while these financial statement items for all…
Yamaha’s Tracer lineup, a decade-long market favorite, is set to receive a significant update for 2025. The Japanese motorcycle manufacturer has revealed three new models: the standard 9, the 9 GT, and the 9 GT+. These bikes are touted as the most balanced yet, thanks to a refined frame design, while retaining the potent 890cc CP3 three-cylinder engine. This powerplant now delivers 117 horsepower and 93 Nm of torque. Yamaha’s 2025 Tracer Lineup: Sport Touring Upgrades with Enhanced Power and Performance (Yamaha) Yamaha has revealed its 2025 Tracer lineup, featuring three models that boast significant upgrades and cutting-edge technology. All…
The 2019 Dodge Charger Pursuit, a police car, was brought to the Car Wizard, David Long, with a laundry list of issues. The most pressing problem was a severe oil leak, which could have potentially damaged the HEMI engine. The car’s original battery, now five years old, was struggling to start the vehicle. Additionally, the brakes were squealing, and there were concerning noises coming from the underside, including a clunking sound when shifting from Reverse to Drive. Fixing a 2019 Dodge Charger Pursuit: From Oil Leaks to Bureaucratic Delays in Police Car Repairs (Car Wizard /YouTube) The police department, facing…
JACKSONVILLE, FL—William Radford Lovett II, a director and significant shareholder of Dream Finders Homes, Inc. (NASDAQ:DFH), recently sold shares in the company amounting to a total of $712,118. The transactions, which took place on November 4 and 5, involved the sale of 22,317 shares of Class A common stock. The shares were sold at prices ranging from $31.08 to $32.33 per share. Following these transactions, Lovett retains ownership of 4,628,855 shares in the company. The shares are held indirectly through the W. Radford Lovett II GST Exempt Trust, for which Lovett serves as the sole trustee. Dream Finders Homes, based…