(Bloomberg) — Palantir Technologies Inc. reported quarterly revenue that beat analysts’ estimates and raised its forecast for operating income in the current period, citing high demand in the US for its artificial intelligence software. Most Read from Bloomberg The company’s stock jumped about 13% in after-hours trading following the report. Third-quarter sales increased 30% to $725.5 million, the Denver-based company said Monday in a statement. Analysts, on average, estimated $703.7 million, according to data compiled by Bloomberg. Palantir also reported net income of $144 million, a record for the company. “The growth of our business is accelerating, and our financial…
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Hyundai has revealed its latest concept vehicle, the Initium hydrogen fuel cell electric vehicle (FCEV), which boasts an impressive range of 403 miles. This concept not only showcases Hyundai’s commitment to hydrogen technology but also introduces a new design philosophy called “Art of Steel,” emphasizing a customer-focused approach to its aesthetics and functionality. The name “Initium,” which means “beginning” or “first” in Latin, signifies the start of Hyundai’s new hydrogen initiative, reflecting over 27 years of development in hydrogen technology. Jaehoon Chang, President and CEO of Hyundai Motor Company, highlighted the company’s vision for a future where hydrogen is widely…
CHICAGO—Martin J. Gepsman, a director at CME Group Inc. (NASDAQ:), has recently sold shares in the company, according to a filing with the Securities and Exchange Commission. The transaction, which took place on November 4, involved the sale of 400 shares of Common Stock Class A at a price of $222.92 per share, amounting to a total value of $89,168. Following this transaction, Gepsman holds 25,067 shares directly in the company. This sale is part of a routine disclosure required for company insiders who buy or sell stock in their own company, providing transparency and insight into insider trading activities.…
Pontiac, a beloved name in American muscle cars, is well-remembered for its iconic models like the GTO and Firebird Trans Am. Despite its popularity, Pontiac never produced a big block V8 engine, a decision that set it apart from competitors like Ford and Chevrolet. Instead, Pontiac focused on modifying its existing small block engines to deliver impressive power without the need for larger engine designs. Most American car manufacturers in the 1960s and 1970s created both small-block and big-block engines. Big blocks typically had larger capacities, often exceeding 400 cubic inches. In contrast, Pontiac chose to evolve its smaller engines,…
The 1960s marked a golden age for muscle cars, and Chevrolet was at the forefront with popular models like the Camaro and Chevelle. However, among these celebrated vehicles, one of the rarest muscle cars produced during this time is the 1969 Chevrolet Yenko Nova S/C 427. This unique car stands out for its limited production and powerful performance. Don Yenko, a dealer from Pennsylvania, modified several Chevy models, including the Nova. While Chevrolet didn’t originally offer a 427 V8 engine in the Nova due to safety concerns, Yenko ordered 38 Nova SS 396 models and converted them with crate engines…
Image source: Getty Images The world holds its breath in anticipation as a nail-biting US election looms, threatening market volatility. UK shares have not escaped the effects, with some suffering notable declines in recent weeks. Over this past weekend, I took stock of the FTSE 100 shares in my portfolio. I found three that I feel are trading significantly below their fair value. Here, I’m going to highlight why these valuations look attractive to me. If I weren’t already invested, I’d consider buying these big names in November. Taylor Wimpey Taylor Wimpey (LSE: TW) is one of the most affordable…
EXOMOD, known for transforming classic muscle cars, has revealed its latest creation: the “Rapper’s Delight” Dodge Charger. This exceptional build combines elements from the 2022 Dodge Challenger SRT Hellcat Redeye with a custom-made widebody design reminiscent of the 1968 Charger. The car features full-transparent carbon fiber panels tinted in Kandy Apple Red, enhanced by striking gold stripes. The Charger’s build took over 2,000 hours to complete and showcased a powerful drivetrain. It swaps the standard Hellcat V8 for a Hennessey-tuned engine that generates an impressive 1,000 horsepower and 948 lb-ft of torque. This powerhouse is paired with an 8-speed Torqueflite…
Allegro Microsystems (NASDAQ:ALGM), a key player in the U.S. Semiconductors & Semiconductor Capital Equipment sector, has been navigating a challenging landscape throughout 2024. The company, known for its semiconductor solutions, has faced significant headwinds in its core markets, particularly in the automotive and industrial sectors. Despite these challenges, analysts maintain a cautiously optimistic outlook for the company’s future prospects. Company Overview Allegro Microsystems operates in the highly competitive semiconductor industry, focusing on developing and manufacturing integrated circuits and sensors for automotive and industrial applications. The company’s products are crucial components in various systems, including electric vehicles, renewable energy solutions, and…
The 1960 Chevrolet Impala, a relatively new kid on the block, was already turning heads and flying off dealership lots. Introduced as a Bel Air variant in 1958, just two years after its debut as a concept car at GM’s motor show, it quickly graduated to its own standalone series in 1959. This full-size beauty swiftly became Chevrolet’s flagship model, driving sales and solidifying the brand’s position in the market. While the 1960 model year brought a fresh visual makeover, the mechanical underpinnings remained largely unchanged. The same engine options were available, with the exception of the discontinued Ramjet fuel-injected…
As the world grapples with the urgent need to combat climate change, investments in renewable energy have surged to the forefront of the energy landscape. International agreements like the Paris Accord and domestic incentives, such as the U.S. Inflation Reduction Act, have galvanized efforts to expand solar, wind, and energy storage projects. Governments across the globe are implementing policies to support green energy transitions, seeking not only environmental benefits but also the economic potential of sustainable energy sources. The International Energy Agency (IEA) reports that global renewable capacity increased by 50% in 2023 compared to 2022, with the next five…